Delivering Robust Growth
Consolidated
Results
UAE Development
International
Development
Emaar Malls
Emaar Hospitality
Key Highlights
AED Million
Q4 2022
Q4 2021
(Restated)
% Change
FY 2022
FY 2021
(Restated)
% Change
Group Property Sales¹
Revenue
Gross Profit
8,174
7,616
7%
35,069
33,762
4%
6,025
6,764
(11%)
24,926
27,896
(11%)
3,023
3,654
(17%)
12,587
11,592
9%
GP Margin (%)
50.2%
54.0%
50%
42%
EBITDA
2,010
2,016
(0%)
9,816
8,309
18%
EBITDA Margin (%)
33.4%
29.8%
39%
30%
Net Profit
1,042
1,018
2%
6,832
3,801
80%
NP Margin (%)
17.3%
15.1%
27%
14%
EPS (AED/Share)
0.13
0.14
(7%)
0.83
0.52
60%
Total Equity
75,427
67,742
11%
75,427
67,742
11%
Cash
18,289
8,539
114%
18,289
8,539
114%
Debt
14,498
17,872
(19%)
14,498
17,872
(19%)
Net Debt
(3,791)
9,333
(141%)
(3,791)
9,333
(141%)
1)
Numbers are inclusive of JVs
30 | EMAAR
Note: During the year management has re-evaluated its assessment of control over one of the hospitality entity and concluded that both the shareholders have joint control over the
relevant business activities. Hence, the equity method of accounting is applied for such hospitality entity as per IAS 28, retrospectively and comparative numbers have been restated.View entire presentation