Annual Report 2024

Dar Al-Maal Al-Islami Trust 6 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2024 In thousands of USD Attributable to equity participants Non-controlling interests Total equity Paid in capital Fair value reserve Currency translation Accumulated losses Contingency reserve Total reserves At 1 January 2023 385,161 7,629 (47,878) (238,049) 47,187 (231,111) 111,429 265,479 Profit for the year after income tax - - - 7,530 - 7,530 23,513 31,043 Increase in shareholding of subsidiary - - - 33 - 33 20,981 21,014 Other comprehensive income - (2,630) 5,674 (1,100) - 1,944 (10,491) (8,547) Transfers to contingency reserve* - - - (6,270) 6,270 - - - Dividends paid - - - - - - (5,460) (5,460) At 31 December 2023 385,161 4,999 (42,204) (237,856) 53,457 (221,604) 139,972 303,529 At 1 January 2024 385,161 4,999 (42,204) (237,856) 53,457 (221,604) 139,972 303,529 Profit for the year after income tax - - - 11,535 - 11,535 19,046 30,581 Increase in shareholding of subsidiary - - - - - - (13,453) (13,453) Other comprehensive income - 3,585 (3,751) - - (166) 18,332 18,166 Transfers to contingency reserve * - - - (6,104) 6,104 - - - Dividends paid - - - - - - (11,844) (11,844) At 31 December 2024 385,161 8,584 (45,955) (232,425) 59,561 (210,235) 152,053 326,979 *As approved by the Board of Directors on 3 December 2017, discretionary amounts are transferred to a contingency reserve. This reserve is distributable at the discretion of the Board of Directors. The accompanying notes 1 to 47 are an integral part of these consolidated financial statements.