MAIR Group - P.J.S.C. 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	314.52	504.3	776.62	200.79	179.54
Short-Term Investments	13.51	12.77	11.51	47.34	78.77
Trading Asset Securities	48.3	65.63	89.14	83.74	78.47
Cash & Short-Term Investments	376.33	582.7	877.26	331.88	336.78
Cash Growth	-57.10%	-33.58%	164.34%	-1.46%	-
Accounts Receivable	52.03	58.49	84.34	8.8	1.59
Other Receivables	172.58	172.03	67.09	-	-
Receivables	224.61	230.51	151.42	8.8	1.59
Inventory	269.58	204.43	247.58	144.62	139.04
Prepaid Expenses	19.38	23.96	40.43	9.49	27.3
Other Current Assets	20.3	124.89	258.72	-	-
Total Current Assets	910.2	1,166	1,575	494.79	504.7
Property, Plant & Equipment	1,540	1,444	1,360	571.92	460.96
Long-Term Investments	223.01	246.44	310.53	56.82	52.77
Goodwill	930.01	930.01	1,009	50	50
Other Intangible Assets	31.53	28.98	77.55	-	-
Other Long-Term Assets	1,875	1,857	1,770	1,454	369.68
Total Assets	5,510	5,673	6,103	2,628	1,438
Accounts Payable	268.31	233.7	240.8	122.15	160.28
Accrued Expenses	4.65	9.77	13.42	4.96	12.83
Short-Term Debt	-	-	43.43	-	-
Current Portion of Long-Term Debt	-	13	2.05	51.49	-
Current Portion of Leases	76.43	86.37	65.56	74.33	58.2
Current Unearned Revenue	41.33	42.62	42.55	-	-
Other Current Liabilities	192.51	239.9	215.07	72.01	79.46
Total Current Liabilities	607.52	625.35	622.87	324.93	310.77
Long-Term Debt	-	157.79	723.05	687.34	-
Long-Term Leases	667.82	608.53	560.38	132.91	197.59
Pension & Post-Retirement Benefits	27.89	27.47	33.5	17.38	20.3
Total Liabilities	1,303	1,419	1,940	1,163	528.65
Common Stock	1,115	1,115	899.19	381.4	256.4
Additional Paid-In Capital	2,300	2,300	1,593	289.5	-
Retained Earnings	714.33	770.03	867.47	921.82	787.44
Comprehensive Income & Other	76.99	68.6	803.7	-127.29	-134.39
Shareholders' Equity	4,207	4,254	4,163	1,465	909.46
Total Liabilities & Equity	5,510	5,673	6,103	2,628	1,438
Total Debt	744.25	865.69	1,394	946.06	255.79
Net Cash (Debt)	-367.92	-282.99	-517.2	-614.19	80.99
Net Cash Per Share	-0.16	-0.13	-0.53	-0.81	-
Filing Date Shares Outstanding	2,231	2,231	1,798	762.81	-
Total Common Shares Outstanding	2,231	2,231	1,798	762.81	-
Working Capital	302.68	541.14	952.54	169.86	193.93
Book Value Per Share	1.89	1.91	2.32	1.92	-
Tangible Book Value	3,245	3,295	3,077	1,415	859.46
Tangible Book Value Per Share	1.45	1.48	1.71	1.86	-
Land	-	509.36	453.5	167.46	103.38
Machinery	-	203.5	219.16	121.62	107.95
Construction In Progress	-	151.01	151.43	110.19	26.87
Leasehold Improvements	-	292.88	290.48	249.46	243.71

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