Financial statements

As at 31 December	Notes	2024 AED	2023 AED
ASSETS
Non-current assets
Property and equipment	5	2,808,947	2,540,005
Right of use asset	7	6,154,404	480,533
Intangible assets	6	171,929,124	79,898,352
Trade and other receivables	8	4,942,592	12,425,319
Total non-current assets		185,835,067	95,344,209
Current assets
Trade and other receivables	8	340,607,163	154,947,624
Amounts due from related parties	14	–	109,755,488
Cash and cash equivalents	9	396,299,158	261,773,715
Total current assets		736,906,321	526,476,827
Total assets		922,741,388	621,821,036
EQUITY AND LIABILITIES
Equity
Share capital	10	70,000,000	–
Shareholders’ contribution	10	167,559,022	167,559,022
Other reserve	11	75,000	75,000
Retained earnings		520,657,712	346,786,283
Total equity		758,291,734	514,420,305
Non-current liabilities
Provision for employees' end of service benefits	12	15,806,640	12,921,328
Lease liabilities	7	3,172,036	241,965
Total non-current liabilities		18,978,676	13,163,293
Current liabilities
Trade and other payables	13	98,050,282	94,008,382
Lease liability	7	3,198,736	229,056
Income tax liability	22	44,221,960	–
Total current liabilities		145,470,978	94,237,438
Total liabilities		164,449,654	107,400,731
Total equity and liabilities		922,741,388	621,821,036

The attached notes 1 to 24 form part of these consolidated financial statements.