ADX:EMSTEEL Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	1,524	1,165	796.66	425.81	357.04	335.59
Cash & Short-Term Investments	1,524	1,165	796.66	425.81	357.04	335.59
Cash Growth	77.47%	46.19%	87.09%	19.26%	6.39%	353.73%
Accounts Receivable	1,642	1,193	1,745	1,464	1,404	1,180
Other Receivables	-	175.68	143.06	86.85	125.24	280.61
Receivables	1,642	1,369	1,888	1,551	1,529	1,461
Inventory	2,121	1,940	1,543	1,935	2,067	2,289
Prepaid Expenses	-	19.69	32.68	55.26	34.13	31.95
Other Current Assets	-	161.91	310.9	152.2	93.05	144.24
Total Current Assets	5,287	4,655	4,572	4,120	4,080	4,261
Property, Plant & Equipment	6,410	6,448	6,630	6,792	7,285	7,690
Long-Term Investments	-	-	-	94.02	87.54	79.73
Goodwill	-	-	-	-	-	14.05
Other Intangible Assets	67.26	62.26	44.8	10.35	5.9	4.8
Other Long-Term Assets	10.96	11.14	11.85	12.56	13.26	13.97
Total Assets	11,775	11,177	11,259	11,029	11,471	12,064
Accounts Payable	1,242	813.91	1,270	1,415	1,302	1,177
Accrued Expenses	-	268.71	200.49	100.08	119.49	284.32
Short-Term Debt	227.18	-	485.79	354.37	1,182	2,085
Current Portion of Long-Term Debt	-	-	-	134.93	152.1	286.67
Current Portion of Leases	13.16	12.89	12.2	11.2	13.62	31
Current Income Taxes Payable	78.89	50.5	20.6	-	-	-
Other Current Liabilities	177.5	286.79	54.59	147.29	188.17	53.19
Total Current Liabilities	1,739	1,433	2,043	2,163	2,958	3,918
Long-Term Debt	-	-	-	-	134.93	269.9
Long-Term Leases	315.37	323.08	321.11	333.02	461.22	479.83
Pension & Post-Retirement Benefits	160.63	159.85	154.95	200.77	189.14	217.08
Long-Term Deferred Tax Liabilities	17.22	17.22	18.66	-	-	-
Total Liabilities	2,232	1,933	2,538	2,696	3,743	4,885
Common Stock	6,850	6,850	6,850	6,850	6,850	6,850
Retained Earnings	1,552	1,253	730.32	337.93	-263.99	-765.19
Comprehensive Income & Other	1,141	1,141	1,140	1,145	1,142	1,094
Total Common Equity	9,543	9,244	8,720	8,332	7,728	7,179
Shareholders' Equity	9,543	9,244	8,720	8,332	7,728	7,179
Total Liabilities & Equity	11,775	11,177	11,259	11,029	11,471	12,064
Total Debt	555.7	335.97	819.1	833.52	1,944	3,153
Net Cash (Debt)	968.13	828.65	-22.44	-407.71	-1,587	-2,817
Net Cash Per Share	0.14	0.12	-0.00	-0.06	-0.23	-0.93
Filing Date Shares Outstanding	6,789	6,850	6,850	6,850	6,850	6,850
Total Common Shares Outstanding	6,789	6,850	6,850	6,850	6,850	6,850
Working Capital	3,548	3,222	2,529	1,957	1,122	343.6
Book Value Per Share	1.41	1.35	1.27	1.22	1.13	1.05
Tangible Book Value	9,475	9,182	8,676	8,322	7,722	7,160
Tangible Book Value Per Share	1.40	1.34	1.27	1.21	1.13	1.05
Land	-	1,634	1,787	1,848	1,876	1,979
Machinery	-	12,390	12,790	12,556	12,352	13,687
Construction In Progress	-	110.48	57.17	53.2	42.53	29.71

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