ESG Emirates Stallions Group PJSC (ADX:ESG)

ADX:ESG Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	997.81	694.59	468.32	577.94	432.03	253.75
Trading Asset Securities	0.48	0.67	4.78	45.86	38.55	49.57
Cash & Short-Term Investments	998.29	695.26	473.1	623.8	470.58	303.33
Cash Growth	74.44%	46.96%	-24.16%	32.56%	55.14%	95.31%
Receivables	863.36	930.55	816.77	433.12	435.76	315.62
Inventory	619.92	409.7	354.6	195.87	3.56	1.06
Total Current Assets	2,482	2,036	1,644	1,253	909.9	620.01
Property, Plant & Equipment	468.59	501.73	532.59	365.87	87.47	71.62
Long-Term Investments	1,238	1,226	1,206	1,286	108.52	74.51
Goodwill	-	64.58	64.58	33.84	-	-
Other Intangible Assets	83.57	23.02	31.56	6.65	0.2	0.04
Long-Term Accounts Receivable	39.8	32.41	31.03	31.03	38.37	37.78
Long-Term Deferred Tax Assets	5.57	4.5	4.48	0.4	-	-
Other Long-Term Assets	470.99	436.13	168.96	83.54	-	0.85
Total Assets	4,788	4,324	3,683	3,061	1,144	804.8

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	493.78	581.09	549.05	564.46	340.57	234.38
Short-Term Debt	-	-	-	0.25	-	-
Current Portion of Long-Term Debt	22.73	17.5	28.27	32.26	-	-
Current Portion of Leases	45.92	48.69	40.89	32.35	1.32	0.66
Current Income Taxes Payable	75.58	47.91	21.74	-	-	-
Current Unearned Revenue	653.27	474.77	235.87	-	-	-
Total Current Liabilities	1,291	1,170	875.81	629.32	341.89	235.04
Long-Term Debt	108.79	4.38	21.88	49.34	-	-
Long-Term Leases	95.68	148.58	154.89	46.8	4.09	0.64
Pension & Post-Retirement Benefits	80.17	73.55	65.64	41.2	34.72	25.95
Long-Term Deferred Tax Liabilities	1.6	2	2.8	0.59	-	-
Other Long-Term Liabilities	8.44	5.24	59.51	5.31	5.85	6.35
Total Liabilities	1,586	1,404	1,181	772.56	386.56	267.98

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	250	250	250	250	250	250
Retained Earnings	1,592	1,451	1,151	895.94	224.53	76.32
Comprehensive Income & Other	779.76	778.9	782.73	857.05	209.32	165.35
Total Common Equity	2,622	2,480	2,184	2,003	683.85	491.67
Minority Interest	580.65	440.75	319.21	284.95	74.06	45.16
Shareholders' Equity	3,203	2,921	2,503	2,288	757.9	536.83
Total Liabilities & Equity	4,788	4,324	3,683	3,061	1,144	804.8

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	273.12	219.15	245.92	161	5.42	1.3
Net Cash (Debt)	725.17	476.11	227.18	462.81	465.17	302.03
Net Cash Growth	98.35%	109.58%	-50.91%	-0.51%	54.02%	94.47%
Net Cash Per Share	2.90	1.90	0.91	1.85	1.86	1.21
Filing Date Shares Outstanding	250	250	250	250	250	250
Total Common Shares Outstanding	250	250	250	250	250	250
Working Capital	1,190	865.55	768.66	623.48	568.01	384.97
Book Value Per Share	10.49	9.92	8.73	8.01	2.74	1.97
Tangible Book Value	2,538	2,392	2,087	1,962	683.65	491.63
Tangible Book Value Per Share	10.15	9.57	8.35	7.85	2.73	1.97
Land	-	49.58	127.77	126.57	0.04	-
Buildings	-	212.05	187.96	226.34	81.65	5.5
Machinery	-	162.76	151.97	120.61	67.91	38.69
Construction In Progress	-	114.56	82.02	13.14	3.05	61.37

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

Data Sources Report a data error