ADX:ABNIC Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	63.17	56.41	59.57	58.26	26.85	20.71
Other Investments	-	40	42.81	128.47	191.75	185.92
Total Investments	912.23	945.47	950.22	1,029	1,055	1,064
Cash & Equivalents	96.59	106.75	72.95	42.34	39.05	36.22
Reinsurance Recoverable	256.67	522.19	422.2	466.91	487.23	470.94
Other Receivables	49.6	27.09	37.77	25.92	244.42	224.74
Property, Plant & Equipment	12.45	11.18	13.87	15.76	10.78	9.5
Other Current Assets	20.71	293.08	212.87	151.15	118.01	105.3
Other Long-Term Assets	360.09	10	10	10	10	10
Total Assets	1,708	1,916	1,720	1,741	1,965	1,921
Accrued Expenses	-	35.99	34.17	30.9	32.86	43.23
Insurance & Annuity Liabilities	848.83	730.99	537.68	528.3	37.86	33.82
Unpaid Claims	-	-	-	-	461.45	393.34
Unearned Premiums	-	-	-	-	185.59	188.22
Reinsurance Payable	51.19	322.92	308.78	274.01	262	260.87
Current Portion of Long-Term Debt	1.73	87.93	60.87	105.87	71.89	58
Current Portion of Leases	2.76	2.07	4.44	4.3	1.6	3.11
Short-Term Debt	95.57	125.48	120.23	96.93	60.57	35.31
Long-Term Debt	50	86.67	97.88	18.33	124.2	187.97
Long-Term Leases	2.77	1.16	2.44	4.98	3.64	1.13
Total Liabilities	1,188	1,459	1,223	1,113	1,284	1,246
Common Stock	250	250	250	250	250	250
Retained Earnings	282.91	225.31	262.24	394.73	446.26	446.23
Comprehensive Income & Other	-12.94	-18.84	-15.69	-16.66	-15.35	-21.5
Shareholders' Equity	519.96	456.47	496.55	628.06	680.91	674.73
Total Liabilities & Equity	1,708	1,916	1,720	1,741	1,965	1,921
Filing Date Shares Outstanding	250	250	250	250	250	250
Total Common Shares Outstanding	250	250	250	250	250	250
Total Debt	152.84	303.31	285.86	230.41	261.9	285.53
Net Cash (Debt)	-56.25	-196.56	-212.91	-188.07	-222.84	-249.32
Net Cash Per Share	-0.23	-0.79	-0.85	-0.75	-0.89	-1.00
Book Value Per Share	2.08	1.83	1.99	2.51	2.72	2.70
Tangible Book Value	519.96	456.47	496.55	628.06	680.91	674.73
Tangible Book Value Per Share	2.08	1.83	1.99	2.51	2.72	2.70
Land	-	0.65	0.65	0.65	0.65	0.65
Buildings	-	1.06	1.06	1.06	1.06	1.06
Machinery	-	28.69	27.32	26.32	25.29	24.69

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.