Zain Bahrain B.S.C. Balance Sheet

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

Millions BHD. 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
Cash & Equivalents	9.5	13.23	9.62	8.82	12.65	10.39
Cash & Short-Term Investments	9.5	13.23	9.62	8.82	12.65	10.39
Cash Growth	51.31%	37.62%	8.99%	-30.25%	21.76%	21.23%
Accounts Receivable	23.86	24.27	19.1	17.58	19.23	18.17
Other Receivables	-	-	3.89	4.77	5.02	2.87
Receivables	23.86	24.27	23	22.35	24.25	21.05
Inventory	2.21	3.1	3.93	4.18	1.9	1.6
Prepaid Expenses	-	-	0.82	0.27	0.39	0.8
Total Current Assets	35.56	40.6	37.37	35.63	39.19	33.84
Property, Plant & Equipment	92.83	95.12	92.77	89.02	85.04	81.14
Other Intangible Assets	7.79	7.6	9.09	10.59	12.08	11.86
Long-Term Accounts Receivable	3.37	3.16	2.51	2.19	1.82	2.42
Other Long-Term Assets	1.26	1.31	0.18	0.21	1.51	1.82
Total Assets	140.81	147.79	141.91	137.63	139.63	131.08
Accounts Payable	3.04	33.31	29.36	31.49	37.12	4.78
Accrued Expenses	20.62	-	-	-	-	25.68
Current Portion of Leases	3.8	3.78	4	3.58	3.32	3.19
Current Unearned Revenue	1.53	1.67	1.75	1.53	2.01	2.56
Other Current Liabilities	5.3	-	-	-	-	2.34
Total Current Liabilities	34.3	38.76	35.11	36.6	42.46	38.55
Long-Term Leases	17.09	17.2	17.38	13.87	12.23	10.73
Pension & Post-Retirement Benefits	0.83	0.79	0.71	0.59	0.53	0.44
Other Long-Term Liabilities	-	0.29	0.59	0.91	1.25	2.48
Total Liabilities	52.22	57.04	53.79	51.97	56.46	52.2
Common Stock	36.8	36.8	36.8	36.8	36.8	36.8
Additional Paid-In Capital	3.03	3.03	3.03	3.03	3.03	3.03
Retained Earnings	48.4	50.49	47.78	45.14	42.6	39.8
Treasury Stock	-0.76	-0.76	-0.76	-0.76	-0.76	-0.76
Total Common Equity	87.47	89.57	86.85	84.21	81.67	78.87
Minority Interest	1.12	1.19	1.27	1.45	1.5	-
Shareholders' Equity	88.59	90.75	88.12	85.66	83.18	78.87
Total Liabilities & Equity	140.81	147.79	141.91	137.63	139.63	131.08
Total Debt	20.89	20.98	21.39	17.44	15.55	13.92
Net Cash (Debt)	-11.39	-7.75	-11.77	-8.62	-2.9	-3.53
Net Cash Per Share	-0.03	-0.02	-0.03	-0.02	-0.01	-0.01
Filing Date Shares Outstanding	363.88	363.88	363.88	363.88	363.88	363.88
Total Common Shares Outstanding	363.88	363.88	363.88	363.88	363.88	363.88
Working Capital	1.26	1.84	2.26	-0.97	-3.27	-4.72
Book Value Per Share	0.24	0.25	0.24	0.23	0.22	0.22
Tangible Book Value	79.68	81.97	77.76	73.62	69.6	67.01
Tangible Book Value Per Share	0.22	0.23	0.21	0.20	0.19	0.18
Land	17.77	17.77	17.77	17.76	17.75	17.78
Machinery	194.55	191.24	174.52	165.72	153.82	147.92
Construction In Progress	4.94	8.31	12.67	11.46	11.1	5.98

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