ADX:RAKNIC Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	333.91	316.02	218.48	131.35	106.42	42.26
Investments in Equity & Preferred Securities	16.95	16.2	4.03	3.84	1.99	0.73
Other Investments	156.49	159.93	94.66	181.36	216.61	191.79
Total Investments	507.35	492.15	317.18	316.55	325.02	234.78
Cash & Equivalents	21.24	11.45	117.51	28.51	9.63	57.39
Reinsurance Recoverable	302.27	319.09	231.58	176.31	146.86	249.56
Other Receivables	11.24	9.74	6.01	1.76	3.31	136.02
Deferred Policy Acquisition Cost	-	-	-	-	-	23.23
Property, Plant & Equipment	1.02	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	10
Other Current Assets	3.98	4.09	3.6	2.77	6.03	7.12
Other Long-Term Assets	4	4.21	83.72	62.59	50.7	70.14
Total Assets	861.89	851.76	774.08	603.43	558.47	796.8
Accounts Payable	1.72	1.03	0.66	0.56	0.37	-
Accrued Expenses	3.99	2.32	2	6.44	6.33	25.31
Insurance & Annuity Liabilities	568.97	572.63	479.59	364.67	329.88	32.69
Unpaid Claims	-	-	-	-	-	193.32
Unearned Premiums	-	-	-	-	-	205.11
Reinsurance Payable	35.57	30.93	27.92	1.4	20.98	42.18
Short-Term Debt	-	-	74.91	59.38	50	33.06
Current Income Taxes Payable	6.17	4.66	1.53	-	-	-
Long-Term Deferred Tax Liabilities	-	0.69	0.15	-	-	-
Other Current Liabilities	2.35	0.87	1.34	4.11	3.44	15.39
Other Long-Term Liabilities	4.47	4.16	2.33	0.97	0.73	38.88
Total Liabilities	631.07	625.13	597.2	443.88	417.99	594.14
Common Stock	121.28	121.28	121.28	121.28	121.28	121.28
Retained Earnings	116	99.77	57.75	43.71	30.36	80.42
Comprehensive Income & Other	-6.46	5.59	-2.15	-5.43	-11.15	0.96
Shareholders' Equity	230.81	226.64	176.88	159.55	140.48	202.66
Total Liabilities & Equity	861.89	851.76	774.08	603.43	558.47	796.8
Filing Date Shares Outstanding	121.28	121.28	121.28	121.28	121.28	121.28
Total Common Shares Outstanding	121.28	121.28	121.28	121.28	121.28	121.28
Total Debt	-	-	74.91	59.38	50	33.06
Net Cash (Debt)	21.24	11.45	42.6	-30.88	-40.37	24.34
Net Cash Growth	245.46%	-73.12%	-	-	-	-18.01%
Net Cash Per Share	0.18	0.09	0.35	-0.25	-0.33	0.20
Book Value Per Share	1.90	1.87	1.46	1.32	1.16	1.67
Tangible Book Value	230.81	226.64	173.14	155.08	134.84	196.04
Tangible Book Value Per Share	1.90	1.87	1.43	1.28	1.11	1.62
Machinery	-	4.36	8.93	9.42	10.3	10.89

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