Abu Dhabi Aviation Co. Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	3,187	3,841	2,017
Short-Term Investments	1,542	1,625	976.98
Trading Asset Securities	1,446	564.81	-
Cash & Short-Term Investments	6,175	6,031	2,994
Cash Growth	2.39%	101.46%	-
Accounts Receivable	4,089	5,001	5,693
Other Receivables	99.77	69.65	64.5
Receivables	4,189	5,071	5,757
Inventory	1,220	1,095	432.36
Prepaid Expenses	68.52	68.99	9.76
Restricted Cash	45.91	-	-
Other Current Assets	148.2	191.96	88.07
Total Current Assets	11,847	12,458	9,281
Property, Plant & Equipment	2,753	2,466	1,363
Long-Term Investments	979.94	872.16	-
Other Intangible Assets	42.88	13.98	12.4
Long-Term Deferred Tax Assets	3.16	0.69	-
Other Long-Term Assets	451.99	356.9	3.64
Total Assets	16,078	16,167	10,660
Accounts Payable	553.76	221.91	142.91
Accrued Expenses	3,556	4,560	3,784
Current Portion of Long-Term Debt	862.07	808.07	489.54
Current Portion of Leases	62.26	39.36	106.09
Current Income Taxes Payable	93.98	67.35	-
Current Unearned Revenue	5.62	5.62	-
Other Current Liabilities	268.91	374.72	592.63
Total Current Liabilities	5,403	6,077	5,115
Long-Term Debt	260.76	212.02	-
Long-Term Leases	807.21	799.04	806.83
Long-Term Unearned Revenue	36.54	42.16	-
Pension & Post-Retirement Benefits	522.12	472.45	319.51
Long-Term Deferred Tax Liabilities	8.77	3.49	-
Total Liabilities	7,038	7,606	6,242
Common Stock	1,097	1,097	1,735
Additional Paid-In Capital	3,837	3,837	347.77
Retained Earnings	2,413	1,964	2,024
Comprehensive Income & Other	471.43	396.59	311.89
Total Common Equity	7,818	7,295	4,419
Minority Interest	1,222	1,267	-
Shareholders' Equity	9,040	8,561	4,419
Total Liabilities & Equity	16,078	16,167	10,660
Total Debt	1,992	1,858	1,402
Net Cash (Debt)	4,183	4,172	1,591
Net Cash Growth	0.24%	162.22%	-
Net Cash Per Share	3.81	4.39	2.44
Filing Date Shares Outstanding	1,097	1,097	652
Total Common Shares Outstanding	1,097	1,097	652
Working Capital	6,444	6,381	4,166
Book Value Per Share	7.13	6.65	6.78
Tangible Book Value	7,775	7,281	4,406
Tangible Book Value Per Share	7.09	6.64	6.76
Buildings	813.43	747.39	629.77
Machinery	1,808	1,547	684.44
Construction In Progress	273.05	234.16	66.6
Leasehold Improvements	13.37	11.29	14.02

Source: S&P Global Market Intelligence. Standard template. Financial Sources.