Deyaar Development PJSC Full Year 2024 Earnings: EPS: د.إ0.11 (vs د.إ0.10 in FY 2023)

Deyaar Development PJSC (DFM:DEYAAR) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ1.51b (up 21% from FY 2023).
• Net income: د.إ474.0m (up 7.6% from FY 2023).
• Profit margin: 31% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.11 (up from د.إ0.10 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Deyaar Development PJSC Earnings Insights

The primary driver behind last 12 months revenue was the Property Development Activities segment contributing a total revenue of د.إ1.25b (82% of total revenue). Notably, cost of sales worth د.إ1.01b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to د.إ254.2m (166% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of د.إ122.1m. Explore how DEYAAR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates.

Performance of the Emirian Real Estate industry.

The company's shares are down 1.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Deyaar Development PJSC's balance sheet and an in-depth analysis of the company's financial position.

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