ADX:DHAFRA 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 Equity & Preferred Securities	352.9	288.16	246.03	240.96	245.7
Other Investments	174.44	171.96	183.93	176.99	165.33
Total Investments	778.93	685.37	623.97	604.49	580.18
Cash & Equivalents	51.65	54.09	25.23	24.54	49.09
Reinsurance Recoverable	482.22	773.88	584	318.34	379.04
Other Receivables	48.73	45.63	60.4	35.1	65.88
Deferred Policy Acquisition Cost	-	-	-	-	23.22
Property, Plant & Equipment	7.7	6.02	6.56	7.53	5.58
Other Intangible Assets	2.78	2.68	3.36	3.23	3.29
Other Current Assets	1.18	1.57	1.09	1.12	3.06
Other Long-Term Assets	9.98	9.98	9.98	9.98	9.98
Total Assets	1,383	1,579	1,315	1,004	1,119
Accrued Expenses	5.41	5.4	4.63	4.58	5.74
Insurance & Annuity Liabilities	692.15	880.09	773.96	500.69	94.49
Unpaid Claims	-	-	-	-	298.04
Unearned Premiums	-	-	-	-	213.67
Reinsurance Payable	50.61	154.39	47.8	22.52	15.27
Current Portion of Leases	0.97	1.38	0.85	1.19	1.2
Current Income Taxes Payable	3.76	2.33	-	-	-
Long-Term Leases	6	3.54	5.09	5.35	2.82
Long-Term Deferred Tax Liabilities	10.68	3.89	-	-	-
Other Current Liabilities	12.26	17.05	9.41	18.09	15.2
Total Liabilities	791.3	1,077	850.78	560.94	656.22
Common Stock	100	100	100	100	100
Retained Earnings	338.01	308.63	305.25	293.69	308.66
Comprehensive Income & Other	153.85	93.25	58.55	49.7	54.44
Shareholders' Equity	591.86	501.88	463.8	443.39	463.1
Total Liabilities & Equity	1,383	1,579	1,315	1,004	1,119
Filing Date Shares Outstanding	100	100	100	100	100
Total Common Shares Outstanding	100	100	100	100	100
Total Debt	6.97	4.92	5.94	6.54	4.02
Net Cash (Debt)	44.68	49.18	19.29	18	45.08
Net Cash Growth	-9.14%	154.98%	7.12%	-60.06%	-52.05%
Net Cash Per Share	0.45	0.49	0.19	0.18	0.45
Book Value Per Share	5.92	5.02	4.64	4.43	4.63
Tangible Book Value	589.08	499.2	460.44	440.16	459.81
Tangible Book Value Per Share	5.89	4.99	4.60	4.40	4.60
Machinery	7.24	7.87	7.44	7.47	7.7

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