ESG Emirates Stallions Group PJSC (ADX:ESG)

ADX:ESG 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	538.08	468.32	577.94	432.03	253.75	155.3
Trading Asset Securities	0.88	4.78	45.86	38.55	49.57	-
Cash & Short-Term Investments	538.96	473.1	623.8	470.58	303.33	155.3
Cash Growth	32.36%	-24.16%	32.56%	55.14%	95.31%	-52.82%
Receivables	894.61	816.77	433.12	435.76	315.62	152.74
Inventory	292.42	354.6	195.87	3.56	1.06	1.92
Prepaid Expenses	-	-	-	-	-	7.33
Other Current Assets	-	-	-	-	-	12
Total Current Assets	1,726	1,644	1,253	909.9	620.01	329.29
Property, Plant & Equipment	448.11	532.59	365.87	87.47	71.62	1.62
Long-Term Investments	1,216	1,206	1,286	108.52	74.51	62.09
Goodwill	-	64.58	33.84	-	-	-
Other Intangible Assets	89.45	31.56	6.65	0.2	0.04	-
Long-Term Accounts Receivable	31.03	31.03	31.03	38.37	37.78	-
Long-Term Deferred Tax Assets	2.97	4.48	0.4	-	-	-
Other Long-Term Assets	418.32	168.96	83.54	-	0.85	1.3
Total Assets	3,932	3,683	3,061	1,144	804.8	394.29
Accounts Payable	483.35	784.92	564.46	340.57	234.38	12.79
Accrued Expenses	-	-	-	-	-	48.81
Short-Term Debt	-	-	0.25	-	-	-
Current Portion of Long-Term Debt	17.5	28.27	32.26	-	-	-
Current Portion of Leases	49.04	40.89	32.35	1.32	0.66	-
Current Income Taxes Payable	23.5	21.74	-	-	-	-
Current Unearned Revenue	296.26	-	-	-	-	1.67
Other Current Liabilities	-	-	-	-	-	21.14
Total Current Liabilities	869.65	875.81	629.32	341.89	235.04	84.41
Long-Term Debt	8.75	21.88	49.34	-	-	-
Long-Term Leases	111.21	154.89	46.8	4.09	0.64	-
Pension & Post-Retirement Benefits	74.74	65.64	41.2	34.72	25.95	12.15
Long-Term Deferred Tax Liabilities	2.2	2.8	0.59	-	-	-
Other Long-Term Liabilities	99.43	59.51	5.31	5.85	6.35	-
Total Liabilities	1,166	1,181	772.56	386.56	267.98	96.56
Common Stock	250	250	250	250	250	0.15
Retained Earnings	1,311	1,151	895.94	224.53	76.32	274.75
Comprehensive Income & Other	780.08	782.73	857.05	209.32	165.35	21.65
Total Common Equity	2,341	2,184	2,003	683.85	491.67	296.55
Minority Interest	424.71	319.21	284.95	74.06	45.16	1.18
Shareholders' Equity	2,766	2,503	2,288	757.9	536.83	297.74
Total Liabilities & Equity	3,932	3,683	3,061	1,144	804.8	394.29
Total Debt	186.5	245.92	161	5.42	1.3	-
Net Cash (Debt)	352.46	227.18	462.81	465.17	302.03	155.3
Net Cash Growth	84.92%	-50.91%	-0.51%	54.02%	94.47%	-52.82%
Net Cash Per Share	1.41	0.91	1.85	1.86	1.21	0.62
Filing Date Shares Outstanding	250	250	250	250	250	150
Total Common Shares Outstanding	250	250	250	250	250	150
Working Capital	856.34	768.66	623.48	568.01	384.97	244.88
Book Value Per Share	9.36	8.73	8.01	2.74	1.97	1.98
Tangible Book Value	2,252	2,087	1,962	683.65	491.63	296.55
Tangible Book Value Per Share	9.01	8.35	7.85	2.73	1.97	1.98
Land	-	127.77	126.57	0.04	-	-
Buildings	-	187.96	226.34	81.65	5.5	1.49
Machinery	-	151.97	120.61	67.91	38.69	34.36
Construction In Progress	-	82.02	13.14	3.05	61.37	-

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