Al Waha Capital PJSC 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	904.33	901.39	866.94	797.35	1,421	704.68
Trading Asset Securities	6,060	5,285	4,857	4,333	3,352	2,400
Cash & Short-Term Investments	6,964	6,187	5,724	5,130	4,773	3,105
Cash Growth	9.80%	8.09%	11.58%	7.47%	53.73%	4.16%
Accounts Receivable	239.54	37.18	1,706	112.72	101.31	129.19
Other Receivables	142.2	271.68	189.38	130.75	79.45	81.38
Receivables	381.74	308.86	1,895	243.47	180.76	210.57
Inventory	2.96	2.17	2.52	2.22	15.6	15.22
Prepaid Expenses	7.18	4.25	6.9	20.32	7.85	8.3
Restricted Cash	15.74	15.74	15.74	37.63	37.81	37.93
Other Current Assets	5,874	7,022	5,275	3,555	3,477	4,033
Total Current Assets	13,246	13,540	12,919	8,989	8,493	7,410
Property, Plant & Equipment	95.95	57.17	36.4	53.38	136.04	159.92
Long-Term Investments	140.02	147.95	134.65	136.25	170.24	517.08
Goodwill	-	36.51	36.51	36.51	77.93	77.93
Other Intangible Assets	38.27	0.93	0.57	0.46	1.05	1.15
Other Long-Term Assets	447.6	434.2	413.45	282.23	711.42	715.99
Total Assets	13,968	14,217	13,541	9,497	9,590	8,882
Accounts Payable	155.83	21.37	372.2	212.92	161.85	73.81
Accrued Expenses	47.28	74.93	156.46	115.63	95.74	66.32
Short-Term Debt	-	4,077	4,509	2,186	2,483	2,854
Current Portion of Long-Term Debt	-	1,178	1,334	1,326	1,551	1,248
Current Portion of Leases	-	12.2	9.14	12.92	12.79	8.38
Current Unearned Revenue	-	-	5.29	8.52	11.75	14.98
Other Current Liabilities	126.53	219.25	124.8	127.99	198.08	192.82
Total Current Liabilities	329.64	5,582	6,512	3,989	4,514	4,458
Long-Term Debt	4,432	118.52	130.23	74.23	83.89	110.07
Long-Term Leases	69.99	28.89	12.28	21.45	107.12	118
Pension & Post-Retirement Benefits	24.79	23.42	23.09	19.88	26.29	26.06
Long-Term Deferred Tax Liabilities	3.29	3.29	3.29	-	-	-
Other Long-Term Liabilities	341.8	198.33	191.24	63.48	67.36	20.01
Total Liabilities	5,201	5,955	6,872	4,168	4,798	4,732
Common Stock	1,884	1,884	1,945	1,945	1,945	1,945
Retained Earnings	2,265	2,111	2,011	1,724	1,639	1,358
Treasury Stock	-28.51	-39.76	-187.07	-161.19	-267.18	-267.18
Comprehensive Income & Other	-7.96	-0.31	-10.73	-6.56	-4.53	-4.24
Total Common Equity	4,112	3,954	3,758	3,501	3,312	3,031
Minority Interest	4,654	4,308	2,912	1,828	1,480	1,118
Shareholders' Equity	8,766	8,262	6,669	5,329	4,791	4,150
Total Liabilities & Equity	13,968	14,217	13,541	9,497	9,590	8,882
Total Debt	4,502	5,414	5,995	3,620	4,237	4,338
Net Cash (Debt)	2,462	772.29	-271.55	1,510	536.37	-1,233
Net Cash Growth	151.46%	-	-	181.50%	-	-
Net Cash Per Share	1.32	0.42	-0.14	0.81	0.29	-0.67
Filing Date Shares Outstanding	1,869	1,863	1,865	1,879	1,839	1,839
Total Common Shares Outstanding	1,869	1,863	1,865	1,879	1,839	1,839
Working Capital	12,916	7,958	6,408	4,999	3,979	2,952
Book Value Per Share	2.20	2.12	2.01	1.86	1.80	1.65
Tangible Book Value	4,074	3,917	3,720	3,464	3,233	2,952
Tangible Book Value Per Share	2.18	2.10	1.99	1.84	1.76	1.61
Machinery	-	70.97	68.53	66.16	135.03	130.04
Construction In Progress	-	4.83	0.4	0.03	0.38	0.1
Leasehold Improvements	-	37.03	36.84	36.16	45.86	45.86

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.