ANGH (Anghami) Operating Income: $-72.36 Mil (TTM As of Dec. 2025)

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ANGH Anghami Inc ANGH
52 GF Score
Price $3.46
GF Value $7.55
Valuation Possible Value Trap
! 6 Warning Signs
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What is Anghami Operating Income?

Anghami ANGH 52 Operating Income is $-72.36 Mil as of Dec. 2025. GuruFocus rates ANGH with a GF Score™ of 52/100 and a GF Value™ of $7.55 (Possible Value Trap). The stock has 6 warning signs investors should review.

Anghami's Operating Income for the six months ended in Dec. 2025 was $-35.81 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-72.36 Mil.

Warning Sign:

Anghami Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Anghami's Operating Income for the six months ended in Dec. 2025 was $-35.81 Mil. Anghami's Revenue for the six months ended in Dec. 2025 was $50.86 Mil. Therefore, Anghami's Operating Margin % for the quarter that ended in Dec. 2025 was -70.41%.

Warning Sign:

Anghami Inc operating margin has been in a 5-year decline. The average rate of decline per year is -45.1%.

Anghami's 5-Year average Growth Rate for Operating Margin % was -45.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anghami's annualized ROC % for the quarter that ended in Dec. 2025 was -83.20%. Anghami's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -7,851.19%.


Anghami  (NAS:ANGH) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Anghami's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-71.624 * ( 1 - 0% )/( (94.866 + 77.314)/ 2 )
=-71.624/86.09
=-83.20 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Anghami's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-93.704/( ( (1.33 + max(-62.533, 0)) + (1.057 + max(-72.867, 0)) )/ 2 )
=-93.704/( ( 1.33 + 1.057 )/ 2 )
=-93.704/1.1935
=-7,851.19 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.775 + 0 + 1.537) - (67.336 + 4.213 + 0.29600000000001)
=-62.533

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.978 + 0 + 1.664) - (79.838 + 5.306 + 0.36500000000001)
=-72.867

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Anghami's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-35.812/50.864
=-70.41 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Anghami Operating Income Related Terms


Anghami Operating Income Historical Data

* Premium members only.

The historical data trend for Anghami's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Anghami Operating Income Chart

Anghami Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -13.40 -15.12 -12.54 -61.52 -72.35

Anghami Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.68 -26.28 -35.25 -36.54 -35.81
ANGH
52GF Score
Anghami Inc ANGH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Anghami Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-72.36 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-72.36 Mil mean?
Anghami (ANGH) has a Operating Income of $-72.36 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Anghami and its competitors.
Is Anghami's Operating Income too high?
Anghami's current Operating Income is $-72.36 Mil. Overall, Anghami has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Anghami's Operating Income compare to CRSF and GAIA?
Anghami's Operating Income of $-72.36 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Media - Diversified company?
A good Operating Income depends on the Media - Diversified industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Anghami and its competitors. Anghami's current Operating Income is $-72.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anghami stock overvalued right now?
Based on GuruFocus' analysis, Anghami (ANGH) is currently considered Possible Value Trap. The stock's GF Value™ is $7.55, compared to a current price of $3.46 — trading 54.2% below its estimated fair value. The current Operating Income is $-72.36 Mil. Anghami's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Anghami (ANGH), the current Operating Income is $-72.36 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Anghami (ANGH) Overvalued in 2026?

Based on GuruFocus' analysis, Anghami stock appears to be undervalued. The current stock price of $3.46 is trading 54.2% below its estimated GF Value™ of $7.55. GuruFocus considers Anghami to be Possible Value Trap.

Key valuation signals for ANGH:

  • Operating Income: $-72.36 Mil
  • GF Value™: $7.55 vs. price of $3.46 (54.2% below fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the ANGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anghami Business Description

Address Abu Dhabi Global Market Square, 16th Floor, Al-Khatem Tower, WeWork Hub71, Al Maryah Island, Abu Dhabi, ARE
Anghami Inc is a digital music entertainment technology platform in the Middle East and North Africa, with a catalog of songs. The company features licensed content from Arabic labels, independent artists, and distributors. It also features music from International labels such as Universal, Sony, and Warner Music. The Group's three reportable segments: Revenue from subscriptions, Revenue from advertisement, and Revenue from live events. It generates the majority of its revenue from subscriptions segment, which is comes from subscription fees. The advertisement revenue segment generated through the sale of advertising across the Group's content. Revenues from live events are generated from the sale of tickets, food and beverage & sponsorship. It derives maximum revenue from KSA.
52GF Score

Get the complete analysis for ANGH

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.46
Price
$7.55
GF Value