External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Emirates Central Cooling Syste / Equity Bottom-Up

Emirates Central Cooling Syste (EMPOWER UH)

<ul><li>Empower reported 3Q24 attributable profit of AED261mn, down 6% YoY (+18% QoQ)</li><li>The result was in line with our estimates</li><li>While the revenue grew by 5% YoY, 7% higher net financial charges and tax expense in 3Q24 resulted in YoY decline in profits</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Empower reported 3Q24 attributable profit of AED261mn, down 6% YoY (+18% QoQ)The result was in line with our estimatesWhile the revenue grew by 5% YoY, 7% higher net financial charges and tax expense in 3Q24 resulted in YoY decline in profitsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Empower - 3Q24 Attributable Profit Down 6% YoY (+18% QoQ) To AED261mn