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Financial statements

Anghami Inc financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Anghami Inc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024
Revenue30.535.548.541.478.1
Cost of revenue22.326.539.131.1102
Gross profit8.179.049.3510.3-24
Research and development0.730.760.35
Selling, general and administrative5.288.0111.68.37
Operating income-2.55-13.6-17.4-14.6-62.1
Interest expense1.762.680.550.270.18
Interest income0.140.150.020.020.54
Pre-tax income-5.24-17.7-60.3-15-61.8
Income tax0.50.340.890.651.77
Net income to minority interests-0.26-0.20.15-0.04
Net income5.74-17.8-61-15.8-63.6
EBITDA-2.4-13.4-17.2
EPS, basic-0.34-1.03-2.35-0.60-1.10
EPS, diluted-0.34-1.03-2.35-0.60-1.10

Balance sheet

FY2021FY2021FY2022FY2023FY2024
Cash and equivalents5.610.633.116.2314.1
Receivables4.825.4110.36.299.5
Total current assets12.210.518.115.130.7
Property, plant and equipment0.270.282.21.811.36
Lease right-of-use assets0.250.170.30.140.21
Goodwill0.60.6
Intangible assets1.582.047.61.1891.8
Total assets14.31329.619.5124
Accounts payable14.415.926.526.226.4
Total current liabilities26.740.434.732.351
Lease liabilities0.240.140.170.060.21
Total liabilities32.24136.133.665.4
Total debt12.718.5
Paid-in capital117126262
Retained earnings-44.2-62-123-139-203
Shareholders' equity-17.1-26.8-5.12-12.959.9
Minority interests-0.86-1.12-1.32-1.17-1.21
Total equity-17.9-28-6.44-14.158.6
Total liabilities and equity14.31329.619.5124

Cash flow statement

FY2021FY2021FY2022FY2023FY2024
Net income-5.74-18.1-61.2-15.7-63.6
Depreciation and amortization0.150.160.2
Cash from operations0.17-16.20.08-3.81-47.8
Capital expenditures-0.08-0.16-2.13-0.1-0.05
Cash from investing-0.9-1.49-12.6-1.31-1.04
Stock issued1.03
Cash from financing5.2912.7158.2456.8
Net change in cash-4.982.483.127.91
Free cash flow0.09-16.4-2.04-3.91-47.9
Income taxes paid0.780.180.980.930.88

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $3.88 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin-30.8%Gross profit / revenue.
Operating margin-79.6%Operating income / revenue.
Pre-tax margin-79.2%Pre-tax income / revenue.
Net margin-81.4%Net income / revenue.
FCF margin-61.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-61.2%Cash from operations / revenue.
Return on equity (ROE)-270.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-88.6%Net income / average total assets.
Return on invested capital (ROIC)-369.7%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue0.5%Research and development expense / revenue.
Capex / revenue0.1%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y88.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y30.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-333.4%Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y537.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y112.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.60xCurrent assets / current liabilities.
Quick ratio0.46x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.28x(Cash + short-term investments) / current liabilities.
Liabilities / assets52.7%Total liabilities / total assets.
Interest coverage-355xOperating income / interest expense.
Working capital-$20.3MCurrent assets - current liabilities.
Goodwill and intangibles / assets74.0%(Goodwill + intangible assets) / total assets.
Tangible book value-$31.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.09xRevenue / average total assets.
Fixed asset turnover49.2xRevenue / average property, plant and equipment.
Receivables turnover9.89xRevenue / average receivables.
Days sales outstanding37 days365 x average receivables / revenue.
Days payables94 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.10Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$1.10Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$35.2MShare price x shares outstanding.
Enterprise value$21.0MMarket cap + total debt - cash - short-term investments.
P/S0.45xMarket cap / revenue.
P/B0.59xMarket cap / shareholders' equity. Only when equity is positive.
EV/Sales0.27xEnterprise value / revenue.
FCF yield-136.1%Free cash flow / market cap.
Earnings yield-180.7%Net income / market cap (the inverse of P/E).
What was Anghami Inc's revenue in fiscal 2024?

Anghami Inc reported revenue of $78.1M for fiscal 2024, 88.7% higher than the year before.

Was Anghami Inc profitable in fiscal 2024?

No. It reported a net loss of $63.6M.

How much free cash flow did Anghami Inc generate in fiscal 2024?

Cash from operations of $47.8M minus capital expenditures of $45.8K left free cash flow of -$47.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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