ADX:EMSTEEL 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
Cash & Equivalents	767.99	796.66	425.81	357.04	335.59	73.96
Cash & Short-Term Investments	767.99	796.66	425.81	357.04	335.59	73.96
Cash Growth	23.36%	87.09%	19.26%	6.39%	353.73%	-9.01%
Accounts Receivable	1,202	1,745	1,464	1,404	1,180	392.7
Other Receivables	-	143.06	86.85	125.24	280.61	0.07
Receivables	1,202	1,888	1,551	1,529	1,461	392.78
Inventory	2,072	1,543	1,935	2,067	2,289	396.82
Prepaid Expenses	325.14	32.68	55.26	34.13	31.95	19.57
Other Current Assets	192.52	310.9	152.2	93.05	144.24	1.13
Total Current Assets	4,559	4,572	4,120	4,080	4,261	884.26
Property, Plant & Equipment	6,469	6,630	6,792	7,285	7,690	2,093
Long-Term Investments	-	-	94.02	87.54	79.73	153.65
Goodwill	-	-	-	-	14.05	128.43
Other Intangible Assets	51.81	44.8	10.35	5.9	4.8	-
Other Long-Term Assets	11.32	11.85	12.56	13.26	13.97	-
Total Assets	11,091	11,259	11,029	11,471	12,064	3,260
Accounts Payable	1,213	1,270	1,415	1,302	1,177	289.55
Accrued Expenses	125.68	147.79	100.08	119.49	284.32	71.52
Short-Term Debt	87.23	485.79	354.37	1,182	2,085	394.48
Current Portion of Long-Term Debt	-	-	134.93	152.1	286.67	153.21
Current Portion of Leases	21.48	12.2	11.2	13.62	31	3.66
Current Income Taxes Payable	29.81	20.6	-	-	-	-
Other Current Liabilities	116.05	107.29	147.29	188.17	53.19	24.1
Total Current Liabilities	1,593	2,043	2,163	2,958	3,918	936.51
Long-Term Debt	-	-	-	134.93	269.9	403.68
Long-Term Leases	320.96	321.11	333.02	461.22	479.83	146.18
Pension & Post-Retirement Benefits	154.2	154.95	200.77	189.14	217.08	49.03
Long-Term Deferred Tax Liabilities	18.66	18.66	-	-	-	-
Total Liabilities	2,087	2,538	2,696	3,743	4,885	1,535
Common Stock	6,850	6,850	6,850	6,850	6,850	1,750
Retained Earnings	1,014	730.32	337.93	-263.99	-765.19	-20.56
Comprehensive Income & Other	1,140	1,140	1,145	1,142	1,094	-5.31
Total Common Equity	9,004	8,720	8,332	7,728	7,179	1,724
Shareholders' Equity	9,004	8,720	8,332	7,728	7,179	1,724
Total Liabilities & Equity	11,091	11,259	11,029	11,471	12,064	3,260
Total Debt	429.67	819.1	833.52	1,944	3,153	1,101
Net Cash (Debt)	338.32	-22.44	-407.71	-1,587	-2,817	-1,027
Net Cash Per Share	0.05	-0.00	-0.06	-0.23	-0.93	-0.59
Filing Date Shares Outstanding	6,850	6,850	6,850	6,850	6,850	1,750
Total Common Shares Outstanding	6,850	6,850	6,850	6,850	6,850	1,750
Working Capital	2,966	2,529	1,957	1,122	343.6	-52.25
Book Value Per Share	1.31	1.27	1.22	1.13	1.05	0.99
Tangible Book Value	8,952	8,676	8,322	7,722	7,160	1,596
Tangible Book Value Per Share	1.31	1.27	1.21	1.13	1.05	0.91
Land	-	1,787	1,848	1,876	1,979	782.01
Machinery	-	12,790	12,556	12,352	13,687	2,764
Construction In Progress	-	57.17	53.2	42.53	29.71	17.25

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