Manazel PJSC
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- Volume
- 13.50M0.54x 30-day average
- Avg volume (30D)
- 24.95M
About the company
Manazel PJSC (Manazel Real Estate), established in 2006, is an Abu Dhabi developer of Shari’a-compliant residential and commercial real estate aimed at the middle-income segment, best known for the Al Reef communities. It also earns rental, property management, facility management and district cooling income. Listed on ADX since November 2014, now on the Growth Market, it files half-year and annual statements only. It has 2,600,000,000 shares.
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Year-end price history
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Shariah screening
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Dividend calculator
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Dividend history
No DFM dividend records for this company since 2025.
Source: DFM dividend distribution records (2025 onwards). Yield uses the close before the ex-date.
Announcements
No announcements yet.
Source: DFM disclosures. Times are Dubai time.
Income Statement
Values in AED · click any row to chart the metric, click again to collapse
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Revenue | 348.0M | 135.2M | 98.0M |
| Cost of Revenue | -316.6M | -82.4M | -63.8M |
| Gross Profit | 31.4M | 52.8M | 34.2M |
| Other Operating Expenses | -114.7M | -19.9M | -150.2M |
| Selling, General & Admin | -51.4M | -52.2M | -64.5M |
| Depreciation & Amortization | 10.2M | 6.5M | 5.4M |
| Operating Income | -134.8M | -19.2M | -180.4M |
| EBITDA | -124.6M | -12.8M | -175.0M |
| Finance Income | – | 57.4M | 10.1M |
| Finance Costs | -90.0M | -48.1M | -71.5M |
| Other Income, Net | 26.4M | 16.2M | 243.2M |
| Pre-Tax Income | -198.3M | 6.2M | 1.4M |
| Income Tax Expense | – | 2.0M | 13.0M |
| Net Income | -198.3M | 8.2M | 14.4M |
| Net Income (Owners of Parent) | -198.3M | 8.2M | 14.4M |
| EPS (AED) | -0.08 | 0.003 | 0.01 |
| Shares Outstanding | 2.6B | 2.6B | 2.6B |
Balance Sheet
Values in AED · click any row to chart the metric, click again to collapse
| Q4 '23 | Q2 '24 | Q4 '24 | Q4 '25 | Q2 '26 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 8.6M | 13.8M | 11.4M | 22.6M | 26.3M |
| Trade & Other Receivables | 1.2B | 1.2B | 583.3M | 375.3M | 359.0M |
| Other Assets & Prepayments | 392.0M | 378.4M | 384.9M | 411.2M | 443.1M |
| Development Properties | 178.2M | 178.8M | 793.8M | 488.5M | 27.6M |
| Property, Plant & Equipment | 989.7M | 987.3M | 156.4M | 151.9M | 149.7M |
| Investment Properties | 2.5B | 2.5B | 3.6B | 4.1B | 4.1B |
| Right-of-Use Assets | 2.8M | 2.0M | 1.5M | 921,000.00 | 548,000.00 |
| Total Assets | 5.3B | 5.3B | 5.5B | 5.5B | 5.1B |
| Trade & Other Payables | 866.9M | 964.2M | 955.7M | 1.2B | 1.0B |
| Advances from Customers | 14.7M | 14.7M | 14.2M | 14.1M | 14.2M |
| Deferred Tax Liabilities | – | – | – | 13.2M | 13.2M |
| Loans & Borrowings | 1.4B | 1.4B | 1.4B | 1.2B | 1.2B |
| Lease Liabilities | 16.5M | 2.0M | 1.5M | 944,000.00 | 569,000.00 |
| End-of-Service Benefits | 8.2M | 8.9M | 8.5M | 8.9M | 8.2M |
| Other Liabilities | – | – | 4.5M | 3.2M | 2.2M |
| Total Debt | 1.5B | 1.4B | 1.4B | 1.2B | 1.2B |
| Total Liabilities | 2.4B | 2.4B | 2.4B | 2.4B | 2.3B |
| Share Capital | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B |
| Reserves | 354.7M | 354.7M | 430.7M | 419.8M | 419.8M |
| Retained Earnings | -27.3M | -87.2M | 82.2M | 89.6M | -213.8M |
| Equity (Owners of Parent) | 2.9B | 2.9B | 3.1B | 3.1B | 2.8B |
| Total Equity | 2.9B | 2.9B | 3.1B | 3.1B | 2.8B |
Cash Flow
Values in AED · click any row to chart the metric, click again to collapse
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Operating Cash Flow | 140.0M | -4.6M | 482.9M |
| Investing Cash Flow | 1.7M | 47.1M | -226.1M |
| Capital Expenditure | -98.2M | -337,000.00 | -283.3M |
| Financing Cash Flow | -148.6M | -39.7M | -245.6M |
| Repayment of Borrowings | -55.8M | -47.6M | -183.6M |
| Lease Payments | -2.8M | -1.3M | -555,000.00 |
| Free Cash Flow | 41.8M | -4.9M | 199.5M |
Revenue
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Market Information
- 2026-10-09 H1 2026 Financial Results PDF ↓
- 2026-04-12 FY 2025 Financial Results PDF ↓
- 2025-08-15 H1 2025 Financial Results PDF ↓
- 2025-04-09 FY 2024 Financial Results PDF ↓
- 2024-08-14 H1 2024 Financial Results PDF ↓
- 2024-03-29 FY 2023 Financial Results PDF ↓