Consolidated statement of profit or loss for the year ended December 31, 2024

	Notes	2024	2023
		AED’000	AED’000
Revenue	22	88,688	105,534
Direct costs	23	(97,835)	(95,921)
Gross (loss)/ profit		(9,147)	9,613
General and administrative expenses	24	(22,379)	(26,731)
Other operating income	6	‑	24,834
OPERATING (LOSS)/ PROFIT		(31,526)	7,716
Other non‑operating income	25	39,777	35,435
Other non‑operating expenses	25	(17,520)	(2,009)
Finance costs	26	(20,257)	(22,534)
Finance income	13	7,472	2,667
(Loss)/profit for the year before tax		(22,054)	21,275
Income tax	8	1,970	‑
(Loss)/profit for the year		(20,084)	21,275
Earnings per share: Basic and diluted (AED)	27	(0.025)	0.023

The accompanying notes 1 to 32 form an integral part of these consolidated financial statements.