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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	184.09	194.48	239.25	321.29	362.98
Short-Term Investments	0.86	0.84	64.83	147.27	229.98
Trading Asset Securities	1.36	3.66	7.46	10.92	1.47
Cash & Short-Term Investments	186.31	198.98	311.54	479.49	594.43
Cash Growth	-6.37%	-36.13%	-35.03%	-19.34%	-7.55%
Accounts Receivable	1,029	1,044	906.11	906.46	773.11
Other Receivables	2.28	3.76	84.16	95.94	109.95
Receivables	1,031	1,048	990.27	1,002	883.06
Inventory	1,444	1,356	1,302	1,309	1,086
Restricted Cash	11.15	7.29	-	-	-
Other Current Assets	-	1.14	231.99	214.5	251.16
Total Current Assets	2,673	2,611	2,836	3,006	2,815
Property, Plant & Equipment	1,536	1,439	1,442	1,339	1,158
Long-Term Investments	10.57	12.22	15.61	20.25	57.82
Goodwill	124.93	120.12	120.14	119.86	120.5
Other Intangible Assets	10.37	12.55	14.93	18.55	20.53
Long-Term Accounts Receivable	55.29	15.1	16.38	3.56	2.51
Long-Term Deferred Tax Assets	3.78	5.64	6.04	6.4	3.72
Other Long-Term Assets	898.86	901.24	905.92	904.19	918.83
Total Assets	5,313	5,117	5,357	5,418	5,097
Accounts Payable	417.44	398.93	393.18	457.3	339.14
Accrued Expenses	368.42	332.05	316.86	323.69	276.02
Short-Term Debt	534.12	402.35	442.44	417.19	434.27
Current Portion of Long-Term Debt	322.06	306.74	340.43	358.24	326.14
Current Portion of Leases	37.39	37.12	32.85	27.63	25.73
Current Income Taxes Payable	84.01	49.79	171.33	174.37	186.8
Current Unearned Revenue	0.4	0.43	-	-	-
Other Current Liabilities	165.37	143.05	155.19	162.69	124.39
Total Current Liabilities	1,929	1,670	1,852	1,921	1,712
Long-Term Debt	781.88	794.32	784.09	790.51	565.35
Long-Term Leases	132.61	182.94	203.55	250.09	267.92
Long-Term Unearned Revenue	3.45	4.09	-	-	-
Pension & Post-Retirement Benefits	119.87	113.7	118.45	132.45	82.74
Long-Term Deferred Tax Liabilities	16.64	20.74	29.97	25.4	10.13
Total Liabilities	2,984	2,786	2,988	3,120	2,639
Common Stock	993.7	993.7	993.7	993.7	993.7
Additional Paid-In Capital	-	-	221.67	221.67	221.67
Retained Earnings	-	-	1,292	1,203	1,249
Comprehensive Income & Other	1,251	1,242	-272.63	-253.55	-232.86
Total Common Equity	2,244	2,236	2,234	2,165	2,232
Minority Interest	85.25	95.34	134.5	133.44	226.54
Shareholders' Equity	2,330	2,331	2,369	2,298	2,458
Total Liabilities & Equity	5,313	5,117	5,357	5,418	5,097
Total Debt	1,808	1,723	1,803	1,844	1,619
Net Cash (Debt)	-1,622	-1,524	-1,492	-1,364	-1,025
Net Cash Per Share	-1.63	-1.53	-1.50	-1.37	-1.03
Filing Date Shares Outstanding	993.7	994	993.7	993.7	993.7
Total Common Shares Outstanding	993.7	993.7	993.7	993.7	993.7
Working Capital	743.87	940.8	983.42	1,085	1,102
Book Value Per Share	2.26	2.25	2.25	2.18	2.25
Tangible Book Value	2,109	2,103	2,099	2,026	2,091
Tangible Book Value Per Share	2.12	2.12	2.11	2.04	2.10
Land	854.73	813.17	829.95	813.67	636.62
Machinery	3,374	3,220	3,033	3,063	2,847
Construction In Progress	130.5	66.92	171.18	92.8	49.74

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