Emirates Driving Company P.J.S.C. (ADX:DRIVE)

ADX:DRIVE Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	613.18	721.73	684.09	574.93	373.13	283.31
Short-Term Investments	-	-	-	-	-	81.17
Trading Asset Securities	50.47	85.31	76.97	59.82	105.53	23.94
Cash & Short-Term Investments	663.65	807.04	761.06	634.75	478.66	388.42
Cash Growth	-19.96%	6.04%	19.90%	32.61%	23.23%	23.94%
Accounts Receivable	8.23	12.09	9.03	5.81	2.78	2.04
Other Receivables	29.41	15.69	16.26	3.26	1.31	1.9
Receivables	37.64	27.78	25.29	9.07	4.09	3.94
Inventory	1.3	1.01	0.9	0.8	2.52	3.35
Prepaid Expenses	12.93	12.45	4.71	7.06	4.73	1.97
Other Current Assets	169.09	169.51	2.47	1.15	4.41	1.81
Total Current Assets	884.6	1,018	794.42	652.82	494.4	399.49
Property, Plant & Equipment	371.72	367.64	257.35	250.55	239.16	239.9
Long-Term Investments	-	-	36.66	36.23	38.12	35.42
Goodwill	-	79.31	-	-	-	-
Other Intangible Assets	278.93	200.72	4.66	3.26	3.28	3.46
Other Long-Term Assets	-	-	164.1	148.5	136.7	134.25
Total Assets	1,535	1,665	1,257	1,091	911.65	812.51
Accounts Payable	15.02	12.81	2.39	7.32	3.73	3.18
Accrued Expenses	43.74	60.53	28.15	31	31.35	21.42
Current Portion of Leases	6.49	6.5	3.66	3.15	3.15	3.15
Current Income Taxes Payable	39.15	27.9	-	-	-	-
Other Current Liabilities	39.15	45.5	23.49	31.98	22.21	15.18
Total Current Liabilities	143.55	153.25	57.69	73.45	60.44	42.93
Long-Term Leases	86.39	88.26	41	38.58	39.33	39.98
Long-Term Deferred Tax Liabilities	17.82	18.24	-	-	-	-
Other Long-Term Liabilities	41.37	41.37	-	-	-	-
Total Liabilities	302.81	314.23	107.63	119.6	106.11	87.89
Common Stock	538.72	538.72	89.79	89.79	89.79	89.79
Retained Earnings	580.28	696.79	1,037	859.45	691.34	613.13
Comprehensive Income & Other	-	-	22.95	22.52	24.41	21.71
Total Common Equity	1,119	1,236	1,150	971.76	805.54	724.62
Minority Interest	113.44	115.7	-	-	-	-
Shareholders' Equity	1,232	1,351	1,150	971.76	805.54	724.62
Total Liabilities & Equity	1,535	1,665	1,257	1,091	911.65	812.51
Total Debt	92.88	94.76	44.66	41.73	42.48	43.13
Net Cash (Debt)	570.76	712.27	716.4	593.02	436.18	345.29
Net Cash Growth	-27.49%	-0.58%	20.81%	35.96%	26.32%	28.07%
Net Cash Per Share	0.53	0.66	0.66	0.55	0.40	0.32
Filing Date Shares Outstanding	1,077	1,077	1,077	1,077	1,077	1,077
Total Common Shares Outstanding	1,077	1,077	1,077	1,077	1,077	1,077
Working Capital	741.05	864.54	736.73	579.37	433.96	356.56
Book Value Per Share	1.04	1.15	1.07	0.90	0.75	0.67
Tangible Book Value	840.07	955.49	1,145	968.5	802.26	721.16
Tangible Book Value Per Share	0.78	0.89	1.06	0.90	0.74	0.67
Buildings	-	338.37	288.1	254.88	254.33	253.81
Machinery	-	166.5	103.83	89.47	91.19	85.65
Construction In Progress	-	5.38	2.33	30.54	6.54	0.2

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.