Gulf Cement Company P.S.C. (ADX:GCEM)

ADX:GCEM 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	10.61	0.35	0.58	3.77	7.18	6.27
Trading Asset Securities	-	13.66	11.7	9.92	37.02	39.7
Cash & Short-Term Investments	10.61	14.01	12.28	13.69	44.21	45.97
Cash Growth	-11.09%	14.13%	-10.32%	-69.03%	-3.84%	-10.13%
Accounts Receivable	103.34	97.76	71.51	50.32	37.47	79.38
Other Receivables	4.35	7.02	8.36	9.97	16.93	12.22
Receivables	107.69	104.77	79.86	60.3	54.4	91.61
Inventory	111.81	106.61	102.96	90.93	78.79	70.95
Prepaid Expenses	3.46	3.55	1.66	-	-	-
Other Current Assets	7.91	6.48	3.9	-	-	-
Total Current Assets	241.48	235.43	200.66	164.92	177.4	208.53
Property, Plant & Equipment	605.21	618.01	634.58	659.42	659.16	668.39
Long-Term Investments	0.05	1.84	1.84	2.22	31.14	28.21
Other Long-Term Assets	8.34	8.83	8.57	8	14.7	12.87
Total Assets	855.08	864.12	845.64	834.56	882.39	917.99
Accounts Payable	214.27	255.09	187.94	108.81	159.26	96.88
Accrued Expenses	37.95	15.78	13.88	22.55	12.3	12.16
Short-Term Debt	33.76	37.47	56.27	51.06	29	55.5
Current Portion of Long-Term Debt	-	-	-	0.12	0.2	0.19
Current Portion of Leases	0.52	0.49	-	-	-	-
Current Unearned Revenue	36.06	13.38	4.19	13.44	1.41	1.48
Other Current Liabilities	25.59	25.91	26.35	29.52	30.27	29.45
Total Current Liabilities	348.15	348.11	288.63	225.51	232.44	195.66
Long-Term Debt	-	-	-	-	0.12	0.32
Long-Term Leases	1.14	1.53	-	-	-	-
Pension & Post-Retirement Benefits	8.3	7.88	8.34	8.58	8.48	8.82
Other Long-Term Liabilities	-	-	0.58	-	-	-
Total Liabilities	357.59	357.52	297.55	234.09	241.05	204.8
Common Stock	410.55	410.55	410.55	410.55	410.55	410.55
Retained Earnings	99.76	109	150.49	202.19	270.47	361.19
Comprehensive Income & Other	-12.83	-12.95	-12.96	-12.27	-39.68	-58.54
Shareholders' Equity	497.48	506.6	548.09	600.47	641.35	713.2
Total Liabilities & Equity	855.08	864.12	845.64	834.56	882.39	917.99
Total Debt	35.42	39.49	56.27	51.19	29.32	56.01
Net Cash (Debt)	-24.81	-25.48	-43.99	-37.5	14.89	-10.04
Net Cash Per Share	-0.06	-0.06	-0.11	-0.09	0.04	-0.02
Filing Date Shares Outstanding	410.55	410.55	410.55	410.55	410.55	410.55
Total Common Shares Outstanding	410.55	410.55	410.55	410.55	410.55	410.55
Working Capital	-106.68	-112.68	-87.97	-60.59	-55.04	12.87
Book Value Per Share	1.21	1.23	1.34	1.46	1.56	1.74
Tangible Book Value	497.48	506.6	548.09	600.47	641.35	713.2
Tangible Book Value Per Share	1.21	1.23	1.34	1.46	1.56	1.74
Buildings	-	125.24	125.24	157.45	157.45	157.45
Machinery	-	1,807	1,764	1,700	1,643	1,601
Construction In Progress	-	-	-	1.87	-	3.69

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