ADX:AFNIC 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 Debt Securities	155.04	70.36	-	4.97	5.49	9.29
Investments in Equity & Preferred Securities	-	-	-	201.14	187.59	176.46
Other Investments	360.53	245.32	328.49	93.18	129.16	142.52
Total Investments	696.61	465.54	460.67	395.41	427.49	418.3
Cash & Equivalents	41.87	124.9	40.14	38.6	37.79	34.94
Reinsurance Recoverable	122.79	165.05	106.06	74.3	70.26	72.51
Other Receivables	17.27	12.57	9.08	19.41	31.93	21.76
Property, Plant & Equipment	31.28	38.01	28.44	30.6	47.24	44.17
Restricted Cash	10	10	10	10	10	10
Other Current Assets	-	5.14	9.45	10.09	21.03	20.43
Long-Term Deferred Tax Assets	-	2.04	-	-	-	-
Other Long-Term Assets	12.56	12.32	7	7	2	2
Total Assets	932.37	835.57	670.83	585.42	647.75	624.11
Accounts Payable	-	-	-	-	13.03	8.96
Accrued Expenses	-	-	-	-	6.18	5.57
Insurance & Annuity Liabilities	268.18	247.94	147.37	244.28	25.9	27.71
Unpaid Claims	232.54	221.42	179.98	-	95.29	99.28
Unearned Premiums	-	-	-	-	105.96	110.24
Reinsurance Payable	-	-	-	-	14.03	12.13
Current Income Taxes Payable	5.31	1.62	-	-	-	-
Long-Term Debt	-	-	-	-	3.47	1.72
Long-Term Leases	16.78	22.02	10.89	11.87	22.52	20.05
Other Current Liabilities	18.66	20.98	15.45	-	-	-
Other Long-Term Liabilities	-	-	-	17.08	4.7	6.17
Total Liabilities	560.75	531.7	369.27	293.49	308.37	308.94
Common Stock	133.1	133.1	133.1	133.1	133.1	121
Retained Earnings	155.2	88.52	63.92	68.99	104.48	133.83
Comprehensive Income & Other	83.33	82.24	104.55	89.84	101.8	60.34
Shareholders' Equity	371.63	303.86	301.57	291.92	339.38	315.16
Total Liabilities & Equity	932.37	835.57	670.83	585.42	647.75	624.11
Filing Date Shares Outstanding	1.33	1.33	1.33	1.33	1.33	1.33
Total Common Shares Outstanding	1.33	1.33	1.33	1.33	1.33	1.33
Total Debt	16.78	22.02	10.89	11.87	25.99	21.77
Net Cash (Debt)	25.09	102.88	29.25	26.73	11.8	13.17
Net Cash Growth	-53.98%	251.77%	9.43%	126.42%	-10.38%	-62.84%
Net Cash Per Share	18.85	77.30	21.97	20.08	8.87	9.90
Book Value Per Share	279.21	228.30	226.57	219.33	254.98	236.79
Tangible Book Value	371.63	303.86	301.57	291.92	339.38	315.16
Tangible Book Value Per Share	279.21	228.30	226.57	219.33	254.98	236.79
Machinery	-	44.04	42.89	41.77	37.93	36.61
Construction In Progress	-	2.37	2.17	2.05	4.93	4.55

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