R.A.K. Ceramics 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	166.9	200.55	239.25	321.29	362.98	469.79
Short-Term Investments	32.7	30.43	64.83	147.27	229.98	173.16
Trading Asset Securities	1.85	4.8	7.46	10.92	1.47	-
Cash & Short-Term Investments	201.44	235.78	311.54	479.49	594.43	642.95
Cash Growth	-5.57%	-24.32%	-35.03%	-19.34%	-7.55%	55.06%
Accounts Receivable	813.81	825.97	906.11	906.46	773.11	832.92
Other Receivables	37.64	81.34	84.16	95.94	109.95	87.91
Receivables	851.44	907.31	990.27	1,002	883.06	920.83
Inventory	1,453	1,356	1,302	1,309	1,086	1,076
Other Current Assets	145.9	246.89	231.99	214.5	251.16	213.48
Total Current Assets	2,662	2,746	2,836	3,006	2,815	2,853
Property, Plant & Equipment	1,529	1,439	1,442	1,339	1,158	1,230
Long-Term Investments	10.65	12.22	15.61	20.25	57.82	55.39
Goodwill	120.46	120.12	120.14	119.86	120.5	120.56
Other Intangible Assets	15.09	12.55	14.93	18.55	20.53	27.4
Long-Term Accounts Receivable	67.68	15.1	16.38	3.56	2.51	2.77
Long-Term Deferred Tax Assets	7.18	5.64	6.04	6.4	3.72	4.07
Other Long-Term Assets	887.24	901.24	905.92	904.19	918.83	954.51
Total Assets	5,299	5,252	5,357	5,418	5,097	5,247
Accounts Payable	386.83	398.93	393.18	457.3	339.14	319.15
Accrued Expenses	364.96	332.05	316.86	323.69	276.02	240.49
Short-Term Debt	621.74	402.35	442.44	417.19	434.27	695.26
Current Portion of Long-Term Debt	320.29	306.74	340.43	358.24	326.14	394.88
Current Portion of Leases	30.04	37.12	32.85	27.63	25.73	22.74
Current Income Taxes Payable	69.56	184.42	171.33	174.37	186.8	175.95
Current Unearned Revenue	0.41	0.43	-	-	-	-
Other Current Liabilities	137.8	143.05	155.19	162.69	124.39	116.49
Total Current Liabilities	1,932	1,805	1,852	1,921	1,712	1,965
Long-Term Debt	811.49	794.32	784.09	790.51	565.35	784.91
Long-Term Leases	151.09	182.94	203.55	250.09	267.92	58.91
Long-Term Unearned Revenue	3.6	4.09	-	-	-	-
Pension & Post-Retirement Benefits	120.7	113.7	118.45	132.45	82.74	78.12
Long-Term Deferred Tax Liabilities	17.46	20.74	29.97	25.4	10.13	10.7
Total Liabilities	3,036	2,921	2,988	3,120	2,639	2,898
Common Stock	993.7	993.7	993.7	993.7	993.7	993.7
Additional Paid-In Capital	221.67	221.67	221.67	221.67	221.67	221.67
Retained Earnings	1,277	1,297	1,292	1,203	1,249	1,178
Comprehensive Income & Other	-313.69	-276.46	-272.63	-253.55	-232.86	-250.7
Total Common Equity	2,178	2,236	2,234	2,165	2,232	2,143
Minority Interest	84.93	95.34	134.5	133.44	226.54	206.9
Shareholders' Equity	2,263	2,331	2,369	2,298	2,458	2,350
Total Liabilities & Equity	5,299	5,252	5,357	5,418	5,097	5,247
Total Debt	1,935	1,723	1,803	1,844	1,619	1,957
Net Cash (Debt)	-1,733	-1,488	-1,492	-1,364	-1,025	-1,314
Net Cash Per Share	-1.74	-1.50	-1.50	-1.37	-1.03	-1.32
Filing Date Shares Outstanding	993.7	993.7	993.7	993.7	993.7	993.7
Total Common Shares Outstanding	993.7	993.7	993.7	993.7	993.7	993.7
Working Capital	730.55	940.8	983.42	1,085	1,102	888.21
Book Value Per Share	2.19	2.25	2.25	2.18	2.25	2.16
Tangible Book Value	2,043	2,103	2,099	2,026	2,091	1,995
Tangible Book Value Per Share	2.06	2.12	2.11	2.04	2.10	2.01
Land	-	813.17	829.95	813.67	636.62	689.56
Machinery	-	3,220	3,033	3,063	2,847	2,964
Construction In Progress	-	66.92	171.18	92.8	49.74	67.18

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