Page 381 - SALIK ENGLISH PR REPORT NOVEMBER 2024

11/14/24, 2:06 PM PRESSR: Salik reports 12.5% growth in profit before tax during the 9M-2024 — TradingView News

(27.4) - N/A (26.4) 3.8% (81.3) - N/A

277.3 254.8 8.8% 267.5 3.7% 822.0 802.7 2.4%

0.037 0.034 8.8% 0.036 3.7% 0.110 0.107 2.4%

profit for the period, excluding the impact of finance cost, finance income, and depreciation and
expenses.

Balance sheet remains solid, with net debt/EBITDA comfortably within
Company’s target ratio

The Company recorded a favourable net working capital balance of AED
-218.8 million as of 30 September 2024, equating to c.-10.0% as a

percentage of annualized revenues. As at 30 September 2024, net debt
stood at AED 3,163.3 million, from AED 2,947.1 million at the end of June

2024. This translates to a trailing twelve-month net debt/EBITDA ratio of
2.1x, significantly below the Company’s debt covenant of 5.0x.

Summary of financial position

30-Sep- 30-Jun- % Δ 31-Dec-
AED million % Δ YtD
24 24 QoQ 23

Total assets, 5,253.6 -3.7% -3.2%
including: 5,059.2 5,223.8

Cash and cash 452.3 85.0% 214.3%
equivalents 836.6 266.2

https://www.tradingview.com/news/reuters.com,2024-11-13:newsml_ZawbQzQJj:0-pressr-salik-reports-12-5-growth-in-profit-before-tax-during-the-9m… 7/13