Depa Plc · NASDAQDUBAI:DEPA
Depa — H1 2025 Earnings Presentation
16 slides from Depa's earnings presentation, 2025
Slide 1: Depa PLC Results for the Six-Months Ended 30 June 2025
DEPA PLC RESULTS FOR THE SIX-MONTHS ENDED 30 JUNE 2025
Slide 2: Management message on first half of 2025
Depa PLC (“Depa”), the premier global interior solutions group, is pleased to announce its financial results for the six-months ended 30 June 2025 underscored by noticeable growth in backlog, revenue, and profitability across all Key Business Units, driven by constant focus on operational efficiency
Slide 3: Highlights
HIGHLIGHTS 2,404.5 84.3 322.5 700.5 268.6 623.0 46.3 1,692.3 Jun'24 Jun'25 HY24 HY25 HY24 HY25 Jun'24 Jun'25 Backlog Revenue Net Profit Cash Our backlog stands strong Group revenue increased Group’s Net Profit has Maintained healthy cash at AED 2,404.5 million, by AED 77.5 million to AED increased b
Slide 4: Group Financial Review
GROUP FINANCIAL REVIEW
Slide 5: Financial Performance and Financial Position
FINANCIAL PERFORMANCE Revenue Generated AED 700.5 million, up by AED 77.5 million (HY24: AED 623.0). Expenses Incurred AED 616.0 million, up by AED 11.1 million (HY24: AED 604.9 million). Net reversal of provisions Recorded net reversal of provisions for impairment on financial and contract assets o
Slide 6: Cash Flow
CASH FLOW Operating activities Net cash inflow from operating activities amounted to AED 82.1 million (HY24: inflow AED 37.8 million) supported by improved margins, efficient collections of receivables from customers and effective working capital management. Investing activities Net cash outflows us
Slide 7: Summary Income Statement
SUMMARY INCOME STATEMENT AED million HY25 HY24 Change Revenue 700.5 623.0 77.5 Expenses (616.0) (604.9) (11.1) Net reversal of provision for impairment on financial and contract assets 13.8 36.1 (22.3) Share of loss from associates - (0.5) 0.5 Profit before interest and tax 98.3 53.7 44.6 Net financ
Slide 8: Summary Balance Sheet
SUMMARY BALANCE SHEET AED million 30-Jun-25 31-Dec-24 Change Cash and cash equivalents 322.5 305.6 16.9 Restricted cash 91.5 80.4 11.1 Trade and other receivables 379.5 432.1 (52.6) Due from construction contract customers 196.8 132.7 64.1 Inventories 34.8 28.2 6.6 Total current assets 1,025.1 979.0
Slide 9: Summary of Cash Flows
SUMMARY OF CASH FLOWS AED million HY25 HY24 Change Operating activities: Operating cash flows before working capital changes and other movements 97.6 33.0 64.6 Working capital changes (15.3) 9.2 (24.5) Employees EOS and income tax paid (0.2) (4.4) 4.2 Net cash flows from operating activities 82.1 37
Slide 10: Group Operational Review
GROUP OPERATIONAL REVIEW
Slide 11: Backlog
BACKLOG 2,405 2,238 655 2,052 681 1,872 462 1,692 538 111 567 41 81 151 141 124 1,488 39 1,407 165 1,352 32 151 1,130 942 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Depa Interiors Deco Carrara Vedder 7 199 651 188 651 986 74 761 1,291 Yachts & marine Economic infrastructure Kingdom of Saudi Arabia UAE Europ
Slide 12: Vedder
VEDDER Based in Germany, Vedder is the world’s leading provider of fit-out solutions for the global superyacht, private jet and residence markets. Financial Highlights ■ Revenue: AED 219.8 million, up by AED 37.0 million or 20% ■ EBIT: AED 38.7 million, up by AED 26.3 million or 212% Operational Hig
Slide 13: Depa Interiors
DEPA INTERIORS The Middle East’s leading provider of interior solutions for hospitality, residential, commercial, transport and civil infrastructure markets. Financial Highlights ■ Revenue: AED 359.7 million, up by AED 16.8 million or 4.9% ■ EBIT: AED 55.8 million, up by AED 13.5 million or 32% Oper
Slide 14: Deco
DECO The Middle East’s leading provider of interior solutions for the luxury retail market, high- quality furniture and joinery works. Financial Highlights ■ Revenue: AED 91.1 million, up by AED 4.7 million or 5.4% ■ EBIT: AED 10.1 million, down by AED 4.3 million or 30% Operational Highlights ■ Con
Slide 15: Carrara
CARRARA The Middle East’s renowned provider of premium natural stone and marble, offering end-to-end supply and installation services. Financial Highlights ■ Revenue: AED 38.9 million, up by AED 3.7 million or 14% ■ EBIT: AED 6.4 million, up by AED 9.7 million from AED 3.5 million loss Operational H
Slide 16: Outlook
OUTLOOK Our outlook remains positive on the premium interior fit-out market in the regions where the Group operates, particularly in hospitality, commercial, residential, social infrastructure, luxury retail, and superyacht segments. Depa’s expertise in consistently delivering unique premium interio