Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.إ1.17, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 10x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 4.7% over the past three years. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: د.إ0.18 (vs د.إ0.19 in FY 2024) Full year 2025 results: EPS: د.إ0.18. Revenue: د.إ141.8m (up 12% from FY 2024). Net income: د.إ43.1m (up 15% from FY 2024). Profit margin: 30% (in line with FY 2024). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to د.إ1.09, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 10x in the Capital Markets industry in United Arab Emirates. Total loss to shareholders of 11% over the past year. New Risk • Feb 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (39% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (د.إ360.0m market cap, or US$98.0m). New Risk • Nov 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.9% average weekly change). High level of non-cash earnings (39% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Nov 08
BHM Capital Financial Services PSC to Report Q3, 2025 Results on Nov 10, 2025 BHM Capital Financial Services PSC announced that they will report Q3, 2025 results on Nov 10, 2025 New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (د.إ238.0m market cap, or US$64.8m). Reported Earnings • Aug 11
Second quarter 2025 earnings released: EPS: د.إ0.057 (vs د.إ0.041 in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.057 (up from د.إ0.041 in 2Q 2024). Revenue: د.إ49.7m (up 57% from 2Q 2024). Net income: د.إ10.9m (up 42% from 2Q 2024). Profit margin: 22% (down from 24% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (د.إ264.0m market cap, or US$71.9m). Announcement • May 11
BHM Capital Financial Services PSC to Report Q1, 2025 Results on May 14, 2025 BHM Capital Financial Services PSC announced that they will report Q1, 2025 results on May 14, 2025 New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (د.إ310.0m market cap, or US$84.4m). Announcement • Mar 06
BHM Capital Financial Services PSC to Report Fiscal Year 2024 Results on Mar 11, 2025 BHM Capital Financial Services PSC announced that they will report fiscal year 2024 results on Mar 11, 2025 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ1.62, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 9x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 84% over the past three years. New Risk • Feb 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (د.إ350.3m market cap, or US$95.4m). New Risk • Dec 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: د.إ346.9m (US$94.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (د.إ346.9m market cap, or US$94.4m). New Risk • Dec 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to د.إ2.14, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 11x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 575% over the past three years. Announcement • Oct 29
BHM Capital Financial Services PSC to Report Q3, 2024 Results on Nov 01, 2024 BHM Capital Financial Services PSC announced that they will report Q3, 2024 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to د.إ3.00, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 14x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 113% over the past year. Announcement • Aug 09
BHM Capital Financial Seeks Shareholders Approval to Acquire AlWaqan Capital Investment BHM Capital Financial Services PSC (DFM:BHMCAPITAL) has announced that it will be seeking the shareholders' approval for acquisition of UAE-based AlWaqan Capital Investment. The transaction will be done through a capital hike of AED 4.85 billion ($1.32 billion) in exchange for issuance of new shares. A leading provider of securities brokerage and investment management services based in Dubai, BHM Capital offers investors a wide range of services to facilitate trading, clearing and settlement. In its filing to Dubai Financial Market (DFM), the company said the proposal to acquire AlWaqan Capital Investment will be carried out through a capital increase of AED 4.85 billion ($1.32 billion) - taking the total from AED 173.4 million ($47.2 million) to AED 5.023 billion ($1.36 billion). BHM Capital Financial Services recently held its General Assembly Meeting virtually to discuss the proposal. As per the deal, the capital hike will be used in exchange for in-kind shares and issuance of new shares in the company to the shareholders of AlWaqan Capital Investment, it added. New Risk • Aug 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Announcement • Jul 23
BHM Capital Financial Services PSC to Report First Half, 2024 Results on Jul 26, 2024 BHM Capital Financial Services PSC announced that they will report first half, 2024 results on Jul 26, 2024 New Risk • Jul 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Board Change • May 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Zaid Farid Nassif was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 09
BHM Capital Financial Services PSC to Report Q1, 2024 Results on May 10, 2024 BHM Capital Financial Services PSC announced that they will report Q1, 2024 results on May 10, 2024 Announcement • Feb 16
BHM Capital Financial Services PSC, Annual General Meeting, Mar 04, 2024 BHM Capital Financial Services PSC, Annual General Meeting, Mar 04, 2024, at 07:00 Coordinated Universal Time. Agenda: To consider review and ratify of the Board of Directors' report in relation to the financial year ended 31/12/2023; to consider review and ratify of the Auditor's report for the financial year ended 31/12/2023; to consider and discuss and approve the Consolidated Financial Statements of the Company for the financial year ended 31/12/2023; and to transact other business. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: د.إ0.22 (vs د.إ0.12 in FY 2022) Full year 2023 results: EPS: د.إ0.22 (up from د.إ0.12 in FY 2022). Revenue: د.إ136.7m (up 69% from FY 2022). Net income: د.إ35.3m (up 78% from FY 2022). Profit margin: 26% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to د.إ2.34, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 12x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 770% over the past three years. Board Change • Dec 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zaid Farid Nassif was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to د.إ1.89, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 12x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 60% over the past year. Board Change • Nov 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zaid Farid Nassif was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 17
BHM Capital Financial Services PSC to Report Q3, 2023 Results on Oct 20, 2023 BHM Capital Financial Services PSC announced that they will report Q3, 2023 results on Oct 20, 2023 Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ1.50, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 17x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 832% over the past three years. Board Change • Oct 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zaid Farid Nassif was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 19
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: د.إ31.7m (up 60% from 2Q 2022). Net income: د.إ7.45m (up 159% from 2Q 2022). Profit margin: 24% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Board Change • Jun 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 24% share price gain to د.إ1.20, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 16x in the Capital Markets industry in Asia. Total returns to shareholders of 413% over the past three years. Board Change • Sep 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.07 (up from د.إ0.01 in FY 2020). Revenue: د.إ65.4m (up 66% from FY 2020). Net income: د.إ13.0m (up 125% from FY 2020). Profit margin: 20% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Board Change • Feb 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.07 (up from د.إ0.01 in FY 2020). Revenue: د.إ65.4m (up 66% from FY 2020). Net income: د.إ13.0m (up 125% from FY 2020). Profit margin: 20% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 233% share price gain to د.إ1.08, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 16x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 322% over the past year. Board Change • Jan 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS د.إ0.005 (vs د.إ0.005 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: د.إ12.7m (up 28% from 2Q 2020). Net income: د.إ2.85m (down 8.1% from 2Q 2020). Profit margin: 22% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS د.إ0.01 (vs د.إ0.001 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ40.2m (up 80% from FY 2019). Net income: د.إ5.77m (up د.إ5.44m from FY 2019). Profit margin: 14% (up from 1.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 15
Third quarter 2020 earnings released: EPS د.إ0.003 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: د.إ10.1m (up 77% from 3Q 2019). Net income: د.إ1.71m (up د.إ1.66m from 3Q 2019). Profit margin: 17% (up from 1.0% in 3Q 2019). The increase in margin was driven by higher revenue.