Sector: Real estate development
AE_EMAARDEV
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B AED, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB AED | Operating profitB AED | D&AB AED | EBITDAB AED | Net profitB AED | Operating CFB AED | Capex + M&AB AED | AssetsB AED | EquityB AED | ROE (annualized) | Net debtB AED | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 6.9 y/y 36.5% | 3.2 y/y 34.9% | 0.0 y/y 27.6% | 3.2 y/y 34.9% | 2.9 y/y 52.4% | 5.1 | 0.0 | 89.1 y/y 38.2% | 40.8 y/y 30.5% | 28.5% | -46.8 | — |
| 2025-12-31 | Q4 2025 (3M) | OK | 9.8 y/y 47.6% | 4.9 y/y 48.9% | 0.0 y/y 60.4% | 4.9 y/y 48.9% | 4.3 y/y 40.7% | 5.9 | 0.0 | 80.9 y/y 36.1% | 41.3 y/y 30.6% | 29.4% | -41.3 | — |
| 2025-09-30 | Q3 2025 (3M) | OK | 7.7 y/y 50.1% | 3.8 y/y 49.5% | 0.0 y/y -6.8% | 3.8 y/y 49.4% | 3.2 y/y 57.1% | 3.1 | 0.0 | 72.4 y/y 15.8% | 35.8 y/y 17.9% | 12.7% | -35.1 | — |
| 2025-06-30 | Q2 2025 (3M) | OK | 4.9 y/y 28.0% | 2.3 y/y 41.8% | 0.0 y/y 211.0% | 2.3 y/y 42.0% | 1.8 y/y 52.2% | 6.0 | 0.0 | 67.4 y/y 15.9% | 32.6 y/y 17.6% | 23.0% | -32.4 | — |
| 2025-03-31 | Q1 2025 (3M) | OK | 5.0 y/y 43.3% | 2.4 y/y 52.0% | 0.0 y/y 0.8% | 2.4 y/y 52.0% | 1.9 y/y 48.3% | 6.0 | 0.0 | 64.5 y/y 18.0% | 31.2 y/y 10.9% | 24.4% | -29.8 | — |
| 2024-12-31 | Q4 2024 (3M) | OK | 6.7 y/y 46.5% | 3.3 y/y -0.6% | 0.0 y/y 1.5% | 3.3 y/y -0.6% | 3.1 y/y 19.2% | 2.9 | 0.0 | 59.4 y/y 21.6% | 31.6 y/y 19.4% | 24.6% | -23.6 | — |
| 2024-09-30 | Q3 2024 (3M) | OK | 5.1 y/y 76.4% | 2.5 y/y 22.2% | 0.0 y/y -53.1% | 2.5 y/y 22.0% | 2.1 y/y 9.9% | 4.2 | 0.0 | 62.6 y/y 38.3% | 30.4 y/y 33.5% | 9.5% | -27.3 | — |
| 2024-06-30 | Q2 2024 (3M) | OK | 3.8 y/y 84.2% | 1.6 y/y 115.6% | 0.0 y/y -37.4% | 1.6 y/y 115.0% | 1.2 y/y 8.0% | 4.0 | 0.0 | 58.2 y/y 31.2% | 27.7 y/y 35.5% | 17.3% | -23.7 | — |
| 2024-03-31 | Q1 2024 (3M) | OK | 3.5 y/y 47.7% | 1.6 y/y 45.9% | 0.0 y/y -4.7% | 1.6 y/y 45.8% | 1.3 y/y 22.2% | -0.2 | 0.0 | 54.6 y/y 27.3% | 28.2 y/y 32.3% | 18.9% | -20.4 | — |
| 2023-12-31 | Q4 2023 (3M) | OK | 4.6 y/y — | 3.3 y/y — | 0.0 y/y — | 3.3 y/y — | 2.6 y/y — | 0.4 | 0.0 | 48.9 y/y — | 26.5 y/y — | 26.9% | -18.4 | — |
| 2023-09-30 | Q3 2023 (3M) | OK | 2.9 y/y — | 2.1 y/y — | 0.0 y/y — | 2.1 y/y — | 1.9 y/y — | 2.4 | 0.0 | 45.2 y/y — | 22.7 y/y — | 11.6% | -17.5 | — |
| 2023-06-30 | Q2 2023 (3M) | OK | 2.1 y/y — | 0.8 y/y — | 0.0 y/y — | 0.8 y/y — | 1.1 y/y — | 3.7 | 0.0 | 44.3 y/y — | 20.5 y/y — | 21.4% | -15.2 | — |
| 2023-03-31 | Q1 2023 (3M) | OK | 2.4 y/y — | 1.1 y/y — | 0.0 y/y — | 1.1 y/y — | 1.1 y/y — | 3.2 | 0.0 | 42.9 y/y — | 21.3 y/y — | — | -12.9 | — |
Quarterly values (AED mln)
Year-over-year change
FCF (AED mln)
Net debt / cash (AED mln)
Value the company creates per year, as a % of market cap
Value created per year: +67.2%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31) = (3 239 − 2 401) × 4.41 | 3 692 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (54 080 + -46 810) ÷ 14 270 | 0.5x |
| 3. Target multiple (Current EV/EBITDA + 10) ÷ 2 = (0.5 + 10) ÷ 2 | 5.3x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 16 968 + 0 + 0 − 0 | 16 968 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (3 692 × 5.3 + 16 968) ÷ 54 080 | +67.2% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-04-03 | 1 AED | Ex-dividend: 1 AED per share | Paid | Yahoo Finance (ex-div) |
| 2025-04-04 | 0.68 AED | Ex-dividend: 0.68 AED per share | Paid | Yahoo Finance (ex-div) |
| 2024-05-02 | 0.52 AED | Ex-dividend: 0.52 AED per share | Paid | Yahoo Finance (ex-div) |
| 2023-04-27 | 0.52 AED | Ex-dividend: 0.52 AED per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Emaar Development (EMAARDEV) — from primary filings.