ADX:AFNIC 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	190.5	70.36	-	4.97	5.49
Investments in Equity & Preferred Securities	-	-	-	201.14	187.59
Other Investments	374.33	245.32	328.49	93.18	129.16
Total Investments	731.36	465.54	460.67	395.41	427.49
Cash & Equivalents	75.99	124.9	40.14	38.6	37.79
Reinsurance Recoverable	96.94	165.05	106.06	74.3	70.26
Other Receivables	11.96	12.57	9.08	19.41	31.93
Property, Plant & Equipment	27.47	38.01	28.44	30.6	47.24
Restricted Cash	10	10	10	10	10
Other Current Assets	6.59	5.14	9.45	10.09	21.03
Long-Term Deferred Tax Assets	0.09	2.04	-	-	-
Other Long-Term Assets	12.56	12.32	7	7	2
Total Assets	972.96	835.57	670.83	585.42	647.75
Accounts Payable	-	-	-	-	13.03
Accrued Expenses	-	-	-	-	6.18
Insurance & Annuity Liabilities	263.79	247.94	147.37	244.28	25.9
Unpaid Claims	240.07	221.42	179.98	-	95.29
Unearned Premiums	-	-	-	-	105.96
Reinsurance Payable	-	-	-	-	14.03
Current Income Taxes Payable	6.78	1.62	-	-	-
Long-Term Debt	-	-	-	-	3.47
Long-Term Leases	11.57	22.02	10.89	11.87	22.52
Other Current Liabilities	25.7	20.98	15.45	-	-
Other Long-Term Liabilities	-	-	-	17.08	4.7
Total Liabilities	567.16	531.7	369.27	293.49	308.37
Common Stock	133.1	133.1	133.1	133.1	133.1
Retained Earnings	165.63	88.52	63.92	68.99	104.48
Comprehensive Income & Other	107.08	82.24	104.55	89.84	101.8
Shareholders' Equity	405.8	303.86	301.57	291.92	339.38
Total Liabilities & Equity	972.96	835.57	670.83	585.42	647.75
Filing Date Shares Outstanding	1.33	1.33	1.33	1.33	1.33
Total Common Shares Outstanding	1.33	1.33	1.33	1.33	1.33
Total Debt	11.57	22.02	10.89	11.87	25.99
Net Cash (Debt)	64.43	102.88	29.25	26.73	11.8
Net Cash Growth	-37.38%	251.77%	9.43%	126.42%	-10.38%
Net Cash Per Share	48.40	77.30	21.97	20.08	8.87
Book Value Per Share	304.89	228.30	226.57	219.33	254.98
Tangible Book Value	405.8	303.86	301.57	291.92	339.38
Tangible Book Value Per Share	304.89	228.30	226.57	219.33	254.98
Machinery	47.55	44.04	42.89	41.77	37.93
Construction In Progress	0.69	2.37	2.17	2.05	4.93

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