ADX:RAKNIC 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
Investments in Debt Securities	316.02	218.48	131.35	106.42	42.26
Investments in Equity & Preferred Securities	16.2	4.03	3.84	1.99	0.73
Other Investments	159.93	94.66	181.36	216.61	191.79
Total Investments	492.15	317.18	316.55	325.02	234.78
Cash & Equivalents	11.45	117.51	28.51	9.63	57.39
Reinsurance Recoverable	319.09	231.58	176.31	146.86	249.56
Other Receivables	9.74	6.01	1.76	3.31	136.02
Deferred Policy Acquisition Cost	-	-	-	-	23.23
Property, Plant & Equipment	1.04	0.76	0.48	1.27	1.94
Other Intangible Assets	-	3.74	4.47	5.64	6.62
Restricted Cash	10	10	10	10	10
Other Current Assets	4.09	3.6	2.77	6.03	7.12
Other Long-Term Assets	4.21	83.72	62.59	50.7	70.14
Total Assets	851.76	774.08	603.43	558.47	796.8
Accounts Payable	1.03	0.66	0.56	0.37	-
Accrued Expenses	2.32	2	6.44	6.33	25.31
Insurance & Annuity Liabilities	572.63	479.59	364.67	329.88	32.69
Unpaid Claims	-	-	-	-	193.32
Unearned Premiums	-	-	-	-	205.11
Reinsurance Payable	30.93	27.92	1.4	20.98	42.18
Short-Term Debt	-	74.91	59.38	50	33.06
Current Income Taxes Payable	4.66	1.53	-	-	-
Long-Term Deferred Tax Liabilities	0.69	0.15	-	-	-
Other Current Liabilities	0.87	1.34	4.11	3.44	15.39
Other Long-Term Liabilities	4.16	2.33	0.97	0.73	38.88
Total Liabilities	625.13	597.2	443.88	417.99	594.14
Common Stock	121.28	121.28	121.28	121.28	121.28
Retained Earnings	99.77	57.75	43.71	30.36	80.42
Comprehensive Income & Other	5.59	-2.15	-5.43	-11.15	0.96
Shareholders' Equity	226.64	176.88	159.55	140.48	202.66
Total Liabilities & Equity	851.76	774.08	603.43	558.47	796.8
Filing Date Shares Outstanding	121.28	121.28	121.28	121.28	121.28
Total Common Shares Outstanding	121.28	121.28	121.28	121.28	121.28
Total Debt	-	74.91	59.38	50	33.06
Net Cash (Debt)	11.45	42.6	-30.88	-40.37	24.34
Net Cash Growth	-73.12%	-	-	-	-18.01%
Net Cash Per Share	0.09	0.35	-0.25	-0.33	0.20
Book Value Per Share	1.87	1.46	1.32	1.16	1.67
Tangible Book Value	226.64	173.14	155.08	134.84	196.04
Tangible Book Value Per Share	1.87	1.43	1.28	1.11	1.62
Machinery	4.36	8.93	9.42	10.3	10.89

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.