AFAQ HOLDING FOR INVESTMENT & REAL ESTATE DEVELOPMENT CO. P.L.C

Income Statement Afaq Holding for Investment & Real Estate Development Co. P.L.C

Stocks

MANR

JO3125911011

Construction Materials

End-of-day quote Amman S.E. Other stock markets 16/07/2026			5-day change	1st Jan Change
0.2900 ^JOD	0.00%		0.00%	-29.27%

05-03	Afaq Holding for Investment & Real Estate Development Co. P.L.C Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-30	Afaq Holding for Investment & Real Estate Development Co. P.L.C Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: AFAQ HOLDING FOR INVESTMENT & REAL ESTATE DEVELOPMENT CO. P.L.C

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	45.21M	54.45M	58.24M	56.69M	64.82M
Total Revenues	45.21M	54.45M	58.24M	56.69M	64.82M
Cost of Goods Sold, Total	46.35M	52.16M	54.4M	50.83M	57.73M
Gross Profit	-1.14M	2.29M	3.84M	5.86M	7.09M
Selling General & Admin Expenses, Total	2.66M	2.41M	2.38M	2.81M	3.45M
Provision for Bad Debts	2.58M	2.55M	-	437K	-
Other Operating Expenses	315K	158K	-	-	-
Other Operating Expenses, Total	5.55M	5.12M	2.38M	3.25M	3.45M
Operating Income	-6.7M	-2.83M	1.46M	2.62M	3.63M
Interest Expense, Total	-2.58M	-2.83M	-4M	-4.78M	-4.4M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-2.58M	-2.83M	-4M	-4.78M	-4.4M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	69.1K	442K	-3.83M
EBT, Excl. Unusual Items	-9.27M	-5.66M	-2.48M	-1.72M	-4.6M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-1.2M	1.2M
EBT, Incl. Unusual Items	-9.27M	-5.66M	-2.48M	-2.92M	-3.4M
Income Tax Expense	-	-	-	-	10.32K
Earnings From Continuing Operations	-9.27M	-5.66M	-2.48M	-2.92M	-3.41M
Net Income to Company	-9.27M	-5.66M	-2.48M	-2.92M	-3.41M
Net Income - (IS)	-9.27M	-5.66M	-2.48M	-2.92M	-3.41M
Net Income to Common Incl Extra Items	-9.27M	-5.66M	-2.48M	-2.92M	-3.41M
Net Income to Common Excl. Extra Items	-9.27M	-5.66M	-2.48M	-2.92M	-3.41M
Per Share Items
Net EPS - Basic	-0.12	-0.07	-0.03	-0.04	-0.04
Basic EPS - Continuing Operations	-0.12	-0.07	-0.03	-0.04	-0.04
Basic Weighted Average Shares Outstanding	80M	80M	80M	80M	80M
Net EPS - Diluted	-0.12	-0.07	-0.03	-0.04	-0.04
Diluted EPS - Continuing Operations	-0.12	-0.07	-0.03	-0.04	-0.04
Diluted Weighted Average Shares Outstanding	80M	80M	80M	80M	80M
Normalized Basic EPS	-0.07	-0.04	-0.02	-0.01	-0.04
Normalized Diluted EPS	-0.07	-0.04	-0.02	-0.01	-0.04
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	119K	2.22M	5.83M	6.91M	7.48M
EBITA	-6.7M	-2.83M	1.46M	2.62M	3.63M
EBIT	-6.7M	-2.83M	1.46M	2.62M	3.63M
EBITDAR	140K	-	-	-	-
Effective Tax Rate - (Ratio)	-	-	-	-	-0.3
Normalized Net Income	-5.8M	-3.54M	-1.55M	-1.07M	-2.87M
Interest on Long-Term Debt	6K	883K	509K	654K	377K
Supplemental Operating Expense Items
Advertising Expense	2.88K	2.25K	573	9.11K	9.18K
Selling and Marketing Expenses	2.88K	2.25K	573	9.11K	9.18K
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	21.41K	-	-	-	-
Imputed Operating Lease Interest Expense	22.14K	-	-	-	-
Imputed Operating Lease Depreciation	-731	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	146K	495K	332K	640K	89.39K
Total Cash And Short Term Investments	146K	495K	332K	640K	89.39K
Accounts Receivable, Total	33.16M	36.8M	43.66M	39.65M	42M
Other Receivables	881K	198K	230K	218K	161K
Total Receivables	34.04M	37M	43.89M	39.87M	42.16M
Inventory	1.88M	2M	1.71M	2.82M	2.87M
Prepaid Expenses	1.35M	1.25M	1.17M	1.12M	1.67M
Other Current Assets, Total	943K	1.02M	2.03M	10.78M	6.57M
Total Current Assets	38.36M	41.76M	49.12M	55.23M	53.36M
Gross Property Plant And Equipment	117M	116M	117M	111M	122M
Accumulated Depreciation	-50.78M	-55.76M	-54.04M	-47.71M	-50.71M
Net Property Plant And Equipment	65.75M	60.61M	63.03M	63.6M	71.46M
Long-term Investments	-	-	-	-	-
Goodwill	14.16M	14.16M	24.66M	24.66M	24.66M
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	-	905K	-	-	164K
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	118M	117M	137M	143M	150M
Liabilities
Accounts Payable, Total	4.18M	4.38M	4.24M	5.39M	6.3M
Accrued Expenses, Total	1.82M	1.4M	973K	770K	639K
Short-term Borrowings	12.06M	12M	14.11M	18.9M	19.7M
Current Portion of Long-Term Debt	1.28M	1.36M	6.27M	10.21M	7.19M
Current Portion of Leases	21.13K	2.74M	3.29M	4.7M	2.41M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	39.57M	43.05M	41.3M	41.67M	52.45M
Total Current Liabilities	58.93M	64.93M	70.18M	81.63M	88.69M
Long-Term Debt	5.14M	4.83M	10.79M	12.3M	11.29M
Long-Term Leases	42.44K	6.21M	3.33M	571K	1.58M
Other Non Current Liabilities	12.86M	5.83M	2.93M	2.31M	4.82M
Total Liabilities	76.97M	81.8M	87.23M	96.82M	106M
Common Stock, Total	80M	80M	80M	80M	80M
Retained Earnings	-38.7M	-44.36M	-30.41M	-33.33M	-36.74M
Total Common Equity	41.3M	35.64M	49.59M	46.67M	43.26M
Total Equity	41.3M	35.64M	49.59M	46.67M	43.26M
Total Liabilities And Equity	118M	117M	137M	143M	150M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80M	80M	80M	80M	80M
ECS Total Common Shares Outstanding	80M	80M	-	80M	80M
Book Value / Share	0.52	0.45	0.62	0.58	0.54
Tangible Book Value	27.14M	21.48M	24.93M	22.01M	18.6M
Tangible Book Value Per Share	0.34	0.27	0.31	0.28	0.23
Total Debt	18.54M	27.14M	37.79M	46.68M	42.17M
Net Debt	18.4M	26.64M	37.46M	46.04M	42.08M
Debt Equivalent Oper. Leases	171K	-	-	-	-
Account Code - Inventory Valuation	6	6	-	6	6
Inventories - Raw Materials, Total	414K	393K	417K	418K	419K
Inventories - Others	4.33M	4.46M	4.12M	4.2M	4.25M
Land - (BS)	15.07M	14.92M	14.73M	14.73M	14.73M
Buildings, Total	8.48M	8.5M	8.5M	8.5M	8.51M
Machinery, Total	87.41M	87.67M	92.46M	86.71M	97.75M
Full Time Employees	-	843	-	802	-
Accumulated Allowance for Doubtful Accounts (Supple)	10.65M	13.21M	13.21M	8.12M	8.12M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-9.27M	-5.66M	-2.48M	-2.92M	-3.41M
Depreciation & Amortization - CF	6.84M	5.08M	4.38M	4.3M	3.85M
Depreciation & Amortization, Total	6.84M	5.08M	4.38M	4.3M	3.85M
(Gain) Loss From Sale Of Asset	430K	312K	-24.38K	682K	4.14M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	1.2M	-1.2M
Provision and Write-off of Bad Debts	2.58M	2.55M	-	437K	-
Other Operating Activities, Total	2.45M	2.81M	4M	5.8M	4.41M
Change In Accounts Receivable	-3.04M	-3.91M	-1.3M	3.65M	-2.42M
Change In Inventories	374K	-106K	289K	-2.12M	-52.31K
Change In Accounts Payable	-117K	221K	-142K	1.15M	914K
Change in Other Net Operating Assets	4.32M	2.16M	-10.68M	-551K	13.36M
Cash from Operations	4.57M	3.46M	-5.96M	11.62M	19.59M
Capital Expenditure	-179K	-601K	-1.16M	-20.79M	-14.1M
Sale of Property, Plant, and Equipment	910K	354K	304K	5.36M	2.86M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	732K	-247K	-854K	-15.43M	-11.23M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	3.06M	269K	10.87M	5.45M	-
Total Debt Issued	3.06M	269K	10.87M	5.45M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-300K	-1.11M	-2.84M	-2M	-5.69M
Total Debt Repaid	-300K	-1.11M	-2.84M	-2M	-5.69M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-2.58M	-1.95M	-3.49M	-4.12M	-4.02M
Cash from Financing	186K	-2.79M	4.54M	-679K	-9.71M
Net Change in Cash	5.49M	420K	-2.27M	-4.48M	-1.35M
Supplemental Items
Cash Interest Paid	2.58M	-	-	-	-
Cash Income Tax Paid (Refund)	2.94K	-	-	-	-
Levered Free Cash Flow	15.16M	3M	-8.22M	-22.32M	2.16M
Unlevered Free Cash Flow	16.77M	4.77M	-5.72M	-19.33M	4.91M
Change In Net Working Capital	-14.29M	-2.06M	9.85M	4.48M	-12.89M
Net Debt Issued / Repaid	2.76M	-844K	8.03M	3.44M	-5.69M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.48	-1.5	0.72	1.17	1.55
Return on Total Capital	-6.36	-2.7	1.21	1.81	2.54
Return On Equity %	-20.19	-14.72	-5.81	-6.06	-7.58
Return on Common Equity	-20.19	-14.72	-5.81	-6.06	-7.58
Margin Analysis
Gross Profit Margin %	-2.53	4.2	6.59	10.34	10.93
SG&A Margin	5.88	4.43	4.08	4.96	5.33
EBITDA Margin %	0.26	4.08	10	12.19	11.54
EBITA Margin %	-14.82	-5.2	2.5	4.62	5.6
EBIT Margin %	-14.82	-5.2	2.5	4.62	5.6
Income From Continuing Operations Margin %	-20.52	-10.4	-4.25	-5.15	-5.26
Net Income Margin %	-20.52	-10.4	-4.25	-5.15	-5.26
Net Avail. For Common Margin %	-20.52	-10.4	-4.25	-5.15	-5.26
Normalized Net Income Margin	-12.82	-6.5	-2.66	-1.89	-4.43
Levered Free Cash Flow Margin	33.52	5.51	-14.11	-39.37	3.34
Unlevered Free Cash Flow Margin	37.09	8.76	-9.81	-34.11	7.58
Asset Turnover
Asset Turnover	0.38	0.46	0.46	0.4	0.44
Fixed Assets Turnover	0.69	0.86	0.94	0.9	0.96
Receivables Turnover (Average Receivables)	1.47	1.56	1.45	1.36	1.59
Inventory Turnover (Average Inventory)	23.11	26.86	29.27	22.44	20.31
Short Term Liquidity
Current Ratio	0.65	0.64	0.7	0.68	0.6
Quick Ratio	0.58	0.58	0.63	0.5	0.48
Operating Cash Flow to Current Liabilities	0.08	0.05	-0.08	0.14	0.22
Days Sales Outstanding (Average Receivables)	248.93	233.51	252.14	268.92	229.91
Days Outstanding Inventory (Average Inventory)	15.79	13.59	12.47	16.31	17.97
Average Days Payable Outstanding	33.52	29.79	29.05	33.91	36.9
Cash Conversion Cycle (Average Days)	231.2	217.31	235.56	251.33	210.98
Long Term Solvency
Total Debt/Equity	44.89	76.15	76.21	100.03	97.48
Total Debt / Total Capital	30.98	43.23	43.25	50.01	49.36
LT Debt/Equity	12.54	30.98	28.48	27.58	29.75
Long-Term Debt / Total Capital	8.66	17.59	16.16	13.79	15.07
Total Liabilities / Total Assets	65.08	69.65	63.76	67.47	71.09
EBIT / Interest Expense	-2.6	-1	0.36	0.55	0.83
EBITDA / Interest Expense	0.05	0.79	1.46	1.45	1.7
(EBITDA - Capex) / Interest Expense	-0.02	0.58	1.17	-2.9	-1.5
Total Debt / EBITDA	132.64	12.09	6.48	6.75	5.63
Net Debt / EBITDA	131.59	11.87	6.42	6.66	5.62
Total Debt / (EBITDA - Capex)	-476.85	16.52	8.08	-3.37	-6.38
Net Debt / (EBITDA - Capex)	-473.09	16.21	8.01	-3.32	-6.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	35.68	20.45	6.95	-2.66	14.34
Gross Profit, 1 Yr. Growth %	-54.59	-304.91	67.54	52.88	20.84
EBITDA, 1 Yr. Growth %	-109.12	1.24K	162.07	18.6	8.24
EBITA, 1 Yr. Growth %	10.02	-57.38	-151.41	79.61	38.82
EBIT, 1 Yr. Growth %	10.02	-57.38	-151.41	79.61	38.82
Earnings From Cont. Operations, 1 Yr. Growth %	-52.36	-38.93	-56.25	17.78	16.74
Net Income, 1 Yr. Growth %	-52.36	-38.93	-56.25	17.78	16.74
Normalized Net Income, 1 Yr. Growth %	3.42	-38.93	-56.25	-30.66	167.52
Diluted EPS Before Extra, 1 Yr. Growth %	-52.36	-38.93	-56.26	17.78	16.74
Accounts Receivable, 1 Yr. Growth %	16.35	11.97	18.62	-9.17	5.9
Inventory, 1 Yr. Growth %	-11.64	6.44	-14.44	64.34	1.86
Net Property, Plant and Equip., 1 Yr. Growth %	2.17	-7.82	4.01	0.89	12.36
Total Assets, 1 Yr. Growth %	-3.24	-0.74	16.5	4.87	4.29
Tangible Book Value, 1 Yr. Growth %	-25.47	-20.87	16.06	-11.71	-15.48
Common Equity, 1 Yr. Growth %	-18.34	-13.71	39.14	-5.88	-7.3
Cash From Operations, 1 Yr. Growth %	-36.14	-38.02	-272.38	-295.02	68.53
Capital Expenditures, 1 Yr. Growth %	-91.41	236.13	92.72	1.7K	-32.19
Levered Free Cash Flow, 1 Yr. Growth %	154.46	-77.46	-374.02	171.6	-109.7
Unlevered Free Cash Flow, 1 Yr. Growth %	116.17	-68.1	-219.89	238.26	-125.42
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.25	27.84	13.5	2.03	5.5
Gross Profit, 2 Yr. CAGR %	-36.77	-4.67	85.29	60.04	35.92
EBITDA, 2 Yr. CAGR %	-59.48	30.59	491.77	76.3	13.3
EBITA, 2 Yr. CAGR %	13.55	-31.77	-53.19	-3.91	57.9
EBIT, 2 Yr. CAGR %	13.55	-31.77	-53.19	-3.91	57.9
Earnings From Cont. Operations, 2 Yr. CAGR %	3.55	-46.06	-48.31	-28.22	17.26
Net Income, 2 Yr. CAGR %	3.55	-46.06	-48.31	-28.22	17.26
Normalized Net Income, 2 Yr. CAGR %	3.55	-20.53	-48.31	-44.92	36.2
Diluted EPS Before Extra, 2 Yr. CAGR %	2.66	-46.06	-48.31	-28.22	17.26
Accounts Receivable, 2 Yr. CAGR %	6.02	13.63	15.25	3.8	-1.92
Inventory, 2 Yr. CAGR %	-5.75	-3.02	-4.57	18.58	29.38
Net Property, Plant and Equip., 2 Yr. CAGR %	-1	-2.96	-2.09	2.44	6.47
Total Assets, 2 Yr. CAGR %	-7.83	-1.98	7.54	10.54	4.58
Tangible Book Value, 2 Yr. CAGR %	-22.67	-23.2	-4.17	1.23	-13.61
Common Equity, 2 Yr. CAGR %	-23.21	-16.06	9.57	14.43	-6.59
Cash From Operations, 2 Yr. CAGR %	59.6	-30.49	3.36	83.35	81.29
Capital Expenditures, 2 Yr. CAGR %	-42.49	-46.28	154.52	488.31	248.97
Levered Free Cash Flow, 2 Yr. CAGR %	46.14	-29.04	-21.41	172.81	-48.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	34.59	-21.6	-38.16	101.38	-7.27
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-14.35	-0.27	20.46	7.84	5.98
Gross Profit, 3 Yr. CAGR %	-40.34	-7.17	15.04	73.79	45.74
EBITDA, 3 Yr. CAGR %	-74.86	45.32	64.72	246.31	49.84
EBITA, 3 Yr. CAGR %	65.73	-18.29	-37.91	-26.72	8.62
EBIT, 3 Yr. CAGR %	65.73	-18.29	-37.91	-26.72	8.62
Earnings From Cont. Operations, 3 Yr. CAGR %	49.55	-13.16	-49.7	-31.98	-15.59
Net Income, 3 Yr. CAGR %	49.55	-13.16	-49.7	-31.98	-15.59
Normalized Net Income, 3 Yr. CAGR %	56.46	-13.16	-34.87	-42.99	-6.72
Diluted EPS Before Extra, 3 Yr. CAGR %	49.55	-13.66	-49.7	-31.99	-15.59
Accounts Receivable, 3 Yr. CAGR %	-7	7.65	15.27	6.45	4.5
Inventory, 3 Yr. CAGR %	-31.55	-1.85	-6.99	14.39	12.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-5	-3.33	-0.69	-1.1	5.64
Total Assets, 3 Yr. CAGR %	-11.06	-5.51	3.83	6.64	8.41
Tangible Book Value, 3 Yr. CAGR %	-20.51	-22.07	-11.87	-6.75	-4.68
Common Equity, 3 Yr. CAGR %	-19.34	-20.17	-0.66	4.16	6.68
Cash From Operations, 3 Yr. CAGR %	-34.72	24.44	-5.92	27.72	78.27
Capital Expenditures, 3 Yr. CAGR %	-54	3.59	-17.76	388.17	186.31
Levered Free Cash Flow, 3 Yr. CAGR %	281.66	-24.96	11.33	18.82	-10.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	97.87	-19.84	-9.67	8.96	1.02
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-14.23	-11.61	-4.14	0.65	14.24
Gross Profit, 5 Yr. CAGR %	-40.67	-26.75	-6.57	15.43	22.98
EBITDA, 5 Yr. CAGR %	-63.04	-30.54	-4.88	57	41.82
EBITA, 5 Yr. CAGR %	-10.6	-16.14	-0.2	-12.82	-9.81
EBIT, 5 Yr. CAGR %	-10.6	-16.14	-0.2	-12.82	-9.81
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.94	10.16	-2.23	-19.53	-29.43
Net Income, 5 Yr. CAGR %	-0.94	10.16	-2.23	-19.53	-29.43
Normalized Net Income, 5 Yr. CAGR %	-3.26	6.63	0.46	-27.62	-12.51
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.94	10.16	-2.23	-19.81	-29.43
Accounts Receivable, 5 Yr. CAGR %	-5.56	-6.09	1.15	6.09	8.06
Inventory, 5 Yr. CAGR %	-22.44	-21.9	-21.82	5.86	6.14
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.58	-8.34	-3.84	-1.06	2.12
Total Assets, 5 Yr. CAGR %	-7.63	-8.86	-4.03	0.61	4.13
Tangible Book Value, 5 Yr. CAGR %	-17.64	-20.14	-14.34	-13.48	-12.57
Common Equity, 5 Yr. CAGR %	-15.57	-17.06	-8.82	-7.8	-3.08
Cash From Operations, 5 Yr. CAGR %	-26.43	-20.96	-18.36	45.31	22.31
Capital Expenditures, 5 Yr. CAGR %	-64.73	-42.75	-8.81	107.51	46.61
Levered Free Cash Flow, 5 Yr. CAGR %	-4.98	-28.47	97.63	25.76	-18.32
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.54	-19.87	21.44	15.87	-8.72
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-