Page-cited financials · quarter over quarter

ALEC fundamentals.

▸ Extracted from the filings themselves — every figure links to the exact page it came from. Latest validated period: 2026-03-31. ← back to ALEC

Headline trend

last 4 filed quarters

Metric	Q2 ’25	Q3 ’25	Q4 ’25	Q1 ’26
Revenue	AED 2.89bn p.7	AED 3.54bn p.7	—	AED 4.61bn p.7
Net profit	AED 124.53mn p.7	AED 192.54mn p.8	—	AED 230.46mn p.8
Operating cash flow	—	—	—	AED -398.69mn p.10
Total assets	AED 9.08bn p.5	AED 10.03bn p.5	AED 10.62bn p.11	AED 11.49bn p.5
Total equity	AED 991.79mn p.6	AED 1.18bn p.6	AED 1.39bn p.6	AED 1.37bn p.6

▸ Flows (revenue, net profit, operating cash flow) are the discrete quarter; balance-sheet lines are point-in-time.

Full statements

latest filed period

Balance sheet

as of 2026-03-31

Property, plant and equipment	AED 1,302,717,000	p.5
Intangible assets	AED 90,750,000	p.5
Goodwill	AED 23,055,000	p.5
Gross amounts due from customers on construction contracts	AED 27,438,000	p.5
Retention receivables	AED 221,345,000	p.5
Advances to suppliers and subcontractors	AED 278,056,000	p.5
Total non-current assets	AED 1,943,361,000	p.5
Inventories	AED 72,676,000	p.5
Contract and other receivables	AED 3,904,277,000	p.5
Gross amounts due from customers on construction contracts	AED 4,501,019,000	p.5
Prepayments	AED 62,046,000	p.5
cash	AED 1,011,080,000	p.5
Total current assets	AED 9,551,098,000	p.5
total_assets	AED 11,494,459,000	p.5
Share capital	AED 50,000,000	p.6
Statutory reserve	AED 93,099,000	p.6
General reserve	AED 409,000	p.6
Retained earnings	AED 1,301,221,000	p.6
Foreign currency translation reserve	AED -161,000	p.6
Remeasurement loss on employees' defined benefit obligations	AED -69,797,000	p.6
Equity attributable to Owners of the Company	AED 1,374,771,000	p.6
Non-controlling interests	AED -434,000	p.6
total_equity	AED 1,374,337,000	p.6
Provision for employees' end-of-service benefits	AED 415,116,000	p.6
Retention payables	AED 213,234,000	p.6
Advances from customers	AED 976,000,000	p.6
Borrowings	AED 237,500,000	p.6
Lease liabilities	AED 213,247,000	p.6
Long term incentive provision	AED 19,779,000	p.6
Asset retirement obligation	AED 3,000,000	p.6
Total non-current liabilities	AED 2,077,876,000	p.6
Contract and other payables	AED 7,107,675,000	p.6
Gross amounts due to customers on construction Contracts	AED 363,038,000	p.6
Current tax liability	AED 132,744,000	p.6
Borrowings	AED 362,888,000	p.6
Lease liabilities	AED 75,901,000	p.6
Total current liabilities	AED 8,042,246,000	p.6
total_liabilities	AED 10,120,122,000	p.6
total_liabilities_and_equity	AED 11,494,459,000	p.6

Cash flow

3-month to 2026-03-31

Profit before tax	AED 264,461,000	p.10
Depreciation of property, plant and equipment and amortisation of right-of-use assets	AED 69,555,000	p.10
Provision for employees’ end-of-service benefits	AED 15,856,000	p.10
Finance costs - net	AED 30,051,000	p.10
Finance income	AED -5,873,000	p.10
Expected credit loss allowance on financial assets and contract assets	AED 2,126,000	p.10
Amortization of intangible assets	AED 3,697,000	p.10
Share of results of joint ventures	AED 17,000	p.10
Cash from operating activities before movements in working capital	AED 379,890,000	p.10
Increase in inventories	AED -18,915,000	p.10
Increase in contract and other receivables, including non-current retention receivables and advances to suppliers and subcontractors	AED -667,569,000	p.10
Increase in gross amount due from customers on construction contracts	AED -713,028,000	p.10
Increase in prepayments	AED -18,738,000	p.10
Decrease in margin deposits under lien	AED 417,000	p.10
Increase in contract and other payables, including non-current portion of retention payables and advances from customer and long-term provisions	AED 548,189,000	p.10
Increase / (decrease) in gross amounts due to customer on construction contracts	AED 99,382,000	p.10
Cash used in operations	AED -390,372,000	p.10
Employees’ end-of-service benefits paid	AED -8,319,000	p.10
ocf	AED -398,691,000	p.10
Payments for purchase of property, plant and equipment	AED -100,136,000	p.10
Finance income received	AED 5,873,000	p.10
Proceeds from disposal of property, plant and equipment	AED 17,000	p.10
Net cash used in investing activities	AED -94,246,000	p.10

Income statement

3-month to 2026-03-31

revenue	AED 4,609,471,000	p.7
Retained earnings at the beginning of the period	AED 1,320,607,000	p.3
Total profit attributable to the Owners of the Company	AED 230,614,000	p.3
Dividends declared to shareholders (Note 7)	AED -250,000,000	p.3
Retained earnings at the end of the period	AED 1,301,221,000	p.3
Contract costs	AED -4,199,676,000	p.7
gross_profit	AED 409,795,000	p.7
Administrative expenses	AED -121,525,000	p.7
Share of results of joint ventures	AED -17,000	p.7
operating_income	AED 288,253,000	p.7
Expected credit loss allowance on financial assets and contract assets	AED -2,126,000	p.7
Finance costs - net	AED -30,051,000	p.7
Finance income	AED 5,873,000	p.7
Other income - net	AED 2,512,000	p.7
Profit before tax	AED 264,461,000	p.7
Income tax expense	AED -33,997,000	p.7
net_income	AED 230,464,000	p.7
Owners of the Company	AED 230,614,000	p.7
Non-controlling interests	AED -150,000	p.7
Basic and diluted (AED)	AED 46	p.7
net_income	AED 230,464,000	p.8
Net change in foreign currency translation reserve	AED 47,000	p.8
Total comprehensive income for the period	AED 230,511,000	p.8
Owners of the Company	AED 230,661,000	p.8
Non-controlling interests	AED -150,000	p.8