ALEC Holdings PJSC (DFM:ALEC) Operating Income: د.إ838 Mil (TTM As of Dec. 2025)


DFM:ALEC ALEC Holdings PJSC DFM:ALEC
33 GF Score
Price د.إ1.54
! 2 Warning Signs
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What is ALEC Holdings PJSC Operating Income?

ALEC Holdings PJSC DFM:ALEC -0.65% 33 Operating Income is د.إ838 Mil as of Dec. 2025. GuruFocus rates DFM:ALEC with a GF Score™ of 33/100. The stock has 2 warning signs investors should review.

ALEC Holdings PJSC's Operating Income for the six months ended in Dec. 2025 was د.إ529 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was د.إ838 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ALEC Holdings PJSC's Operating Income for the six months ended in Dec. 2025 was د.إ529 Mil. ALEC Holdings PJSC's Revenue for the six months ended in Dec. 2025 was د.إ7,242 Mil. Therefore, ALEC Holdings PJSC's Operating Margin % for the quarter that ended in Dec. 2025 was 7.31%.

ALEC Holdings PJSC's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ALEC Holdings PJSC's annualized ROC % for the quarter that ended in Dec. 2025 was 13.35%. ALEC Holdings PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 94.59%.

ALEC Holdings PJSC  (DFM:ALEC) Operating Income Explanation

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

ALEC Holdings PJSC'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 )
=1058.232 * ( 1 - 14.42% )/( (6345.919 + 7220.718)/ 2 )
=905.6349456/6783.3185
=13.35 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9076.858 - 1568.207 - ( 1162.732 - max(0, 5674.767 - 7397.325+1162.732))
=6345.919

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10621.685 - 1863.621 - ( 1537.346 - max(0, 6836.961 - 8761.442+1537.346))
=7220.718

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:

ALEC Holdings PJSC'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 )
=1126.794/( ( (1114.915 + max(-2244.748, 0)) + (1267.604 + max(-3046.233, 0)) )/ 2 )
=1126.794/( ( 1114.915 + 1267.604 )/ 2 )
=1126.794/1191.2595
=94.59 %

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)
=(2035.351 + 84.043 + 929.828) - (1568.207 + 0 + 3725.763)
=-2244.748

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2156.914 + 53.761 + 1118.066) - (1863.621 + 0 + 4511.353)
=-3046.233

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 %:

ALEC Holdings PJSC'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 )
=529.116/7241.662
=7.31 %

* 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.

ALEC Holdings PJSC Operating Income Related Terms

ALEC Holdings PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for ALEC Holdings PJSC'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.

ALEC Holdings PJSC Operating Income Chart

ALEC Holdings PJSC Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
204.45 314.87 466.64 838.45

ALEC Holdings PJSC Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial 0.00 186.72 279.92 309.34 529.12
DFM:ALEC
33GF Score
ALEC Holdings PJSC DFM:ALEC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ALEC Holdings PJSC 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 د.إ838 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 د.إ838 Mil mean?
ALEC Holdings PJSC (DFM:ALEC) has a Operating Income of د.إ838 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ALEC Holdings PJSC and its competitors.
Is ALEC Holdings PJSC's Operating Income too high?
ALEC Holdings PJSC's current Operating Income is د.إ838 Mil. Overall, ALEC Holdings PJSC has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does ALEC Holdings PJSC's Operating Income compare to PWR and FIX?
ALEC Holdings PJSC's Operating Income of د.إ838 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 ALEC Holdings PJSC and its competitors. ALEC Holdings PJSC's current Operating Income is د.إ838 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALEC Holdings PJSC stock overvalued right now?
ALEC Holdings PJSC (DFM:ALEC) has a current Operating Income of د.إ838 Mil. The current Operating Income is د.إ838 Mil. ALEC Holdings PJSC's overall GF Score™ is 33/100 with 2 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 ALEC Holdings PJSC (DFM:ALEC), the current Operating Income is د.إ838 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.

ALEC Holdings PJSC Business Description

Address 3601 Marina Plaza, Dubai Marina, Dubai, ARE
ALEC Holdings PJSC is a diversified engineering and construction group in the UAE and KSA, specializing in large-scale, complex, and iconic projects across various sectors including commercial, hospitality, retail, and infrastructure. The company offers comprehensive turnkey solutions encompassing construction, MEP, fit-out, energy, and data center solutions, with a focus on innovation, quality, and sustainability. The management of the Group assess the Group into four key business units: Building and Infrastructure Construction Services, Energy, Related Businesses and Corporate Activities.
33GF Score

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

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