| Market: Abu Dhabi | Symbol: PALMS | ISIN: AEA007501017 | Industry: Consumer Discretionary |
Established in 2011, Palms Sports PJSC is a UAE-based company that promotes niche sporting activities with specific focus on Jiu-Jitsu and Martial Arts to UAE Nationals. Palms Sports is one of the 20+ companies under the International Holding Company PJSC (IHC), emphasizing the importance of sports in our daily-lives and we are determined to assist our community to integrate ‘sports’ and ‘leisure’ into the very fabric of day-to-day lifestyles.
Palms Sports, along with its management and esteemed board of directors, is confident in the multifaceted benefits of promoting and encouraging UAE Nationals and future generations to take part in regular sporting activities as it is directly related to improved physical, mental and health conditions, empowering UAE Nationals to become stronger, fit and able to contribute more to our beloved United Arab Emirates.
Palms Sports is the leading UAE provider for sports training programs and enjoys supremacy in the field of training Jiu-Jitsu and other disciplines of combative sports such as Muay Thai and Mixed Martial Arts in addition to swimming. With more than 760 instructors delivering classes to over 145,000 trainees, we deliver in excess of 360 tournaments per year. We strive to raise aware- ness and participation in sports by emphasizing the multi-faceted benefits of adopting sporting activities in one’s daily routine and life. Our coaches are committed to deliver a wide range of training programs across 420+ training centers throughout the UAE to enhance learners’ competencies and revitalize overall health and wellbeing.
| Share data | 26/04/2024 | ||
| Currency | AED | Volume | 505,294 |
| Previous Close | 10.68 | Number of Shares (mln) | 150.00 |
| Change (%) | 0.38 | Market Cap (mln) | 1,602.00 |
| Key Figures (AED) | 2021 | 2022 | 2023 |
| Statement of Comprehensive Income | |||
| Revenue from contract with customers | 270,331,608 | 301,859,700 | 576,506,639 |
| Gross profit | 93,470,480 | 98,373,989 | 137,931,079 |
| Profit for the year | 91,836,856 | 132,882,084 | 105,093,823 |
| Statement of Financial Position | |||
| Total assets | 376,229,566 | 532,688,172 | 960,870,674 |
| Total liabilities | 46,979,730 | 66,607,547 | 389,416,972 |
| Total equity | 329,249,836 | 466,080,625 | 571,453,702 |
| Statement of Cash Flows | |||
| Net cash from operating activities | 109,000,467 | 72,726,979 | 143,000,325 |
| Net cash used in investing activities | (120,551,648) | (62,781,920) | -219,058,777 |
| Net cash from (used in) financing activities | (100,000) | (389,302) | 143,998,346 |
| Key Indicators | |||
| Basic earnings per share | 0.61 | 0.89 | 0.70 |
