ADX:DHAFRA 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	349.76	288.16	246.03	240.96	245.7	170.56
Other Investments	159.44	171.96	183.93	176.99	165.33	183.21
Total Investments	755.92	685.37	623.97	604.49	580.18	459.71
Cash & Equivalents	25.63	54.09	25.23	24.54	49.09	98.88
Reinsurance Recoverable	552.27	773.88	584	318.34	379.04	301.48
Other Receivables	89.85	45.63	60.4	35.1	65.88	75.74
Deferred Policy Acquisition Cost	-	-	-	-	23.22	16.43
Property, Plant & Equipment	5.23	6.02	6.56	7.53	5.58	6.85
Other Intangible Assets	3.14	2.68	3.36	3.23	3.29	3.82
Other Current Assets	2.29	1.57	1.09	1.12	3.06	1.27
Other Long-Term Assets	9.98	9.98	9.98	9.98	9.98	9.98
Total Assets	1,444	1,579	1,315	1,004	1,119	974.16
Accrued Expenses	1.13	5.4	4.63	4.58	5.74	5.67
Insurance & Annuity Liabilities	768.07	880.09	773.96	500.69	94.49	106.49
Unpaid Claims	-	-	-	-	298.04	230.4
Unearned Premiums	-	-	-	-	213.67	198.14
Reinsurance Payable	49.33	154.39	47.8	22.52	15.27	13.44
Current Portion of Leases	-	1.38	0.85	1.19	1.2	1.2
Current Income Taxes Payable	3.64	2.33	-	-	-	-
Long-Term Leases	3.85	3.54	5.09	5.35	2.82	3.67
Long-Term Deferred Tax Liabilities	10.25	3.89	-	-	-	-
Other Current Liabilities	12.72	17.05	9.41	18.09	15.2	16.08
Total Liabilities	858.41	1,077	850.78	560.94	656.22	584.84
Common Stock	100	100	100	100	100	100
Retained Earnings	334.91	308.63	305.25	293.69	308.66	310.02
Comprehensive Income & Other	150.99	93.25	58.55	49.7	54.44	-20.7
Shareholders' Equity	585.9	501.88	463.8	443.39	463.1	389.32
Total Liabilities & Equity	1,444	1,579	1,315	1,004	1,119	974.16
Filing Date Shares Outstanding	100	100	100	100	100	100
Total Common Shares Outstanding	100	100	100	100	100	100
Total Debt	3.85	4.92	5.94	6.54	4.02	4.87
Net Cash (Debt)	21.79	49.18	19.29	18	45.08	94.01
Net Cash Growth	-72.30%	154.98%	7.12%	-60.06%	-52.05%	-49.30%
Net Cash Per Share	0.22	0.49	0.19	0.18	0.45	0.94
Book Value Per Share	5.86	5.02	4.64	4.43	4.63	3.89
Tangible Book Value	582.76	499.2	460.44	440.16	459.81	385.51
Tangible Book Value Per Share	5.83	4.99	4.60	4.40	4.60	3.86
Machinery	-	7.87	7.44	7.47	7.7	7.43

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