Consolidated Statement of Profit or Loss
for the year ended 31 December 2024

AED’000	Notes	2024	2023
Revenue	23	8,337,315	8,899,393
Cost of sales	24	(7,577,683)	(7,802,085)
Gross profit		759,632	1,097,308
Selling and distribution expenses	25	(44,251)	(53,580)
General and administrative expenses	26	(416,760)	(390,162)
Share of profit of associates	7	‑	16,479
Profit on disposal of associates	7	4,982	‑
Finance income	27	14,003	7,805
Finance costs	27	(96,087)	(105,366)
Other income	28	2,811	29,432
Reversal of impairment loss on property, plant and equipment	5, 6	207,321	‑
Profit before tax		431,651	601,916
Income tax expense	32	(39,259)	‑
Profit for the year		392,392	601,916
Basic and diluted earnings per share (AED)	34	0.057	0.088

The accompanying notes form an integral part of these consolidated financial statements.