Aradei Capital Balance Sheet

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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
Property, Plant & Equipment	8,003	7,921	7,647	7,214	6,168	5,220
Cash & Equivalents	453.88	813.65	682.33	378.46	495.97	664.72
Accounts Receivable	156.41	148.92	141.15	140.47	116.54	132.77
Other Receivables	468.91	402.29	448.26	544.2	313.28	278.56
Investment In Debt and Equity Securities	0.06	0.06	0.07	0.06	0.05	0.05
Goodwill	9.81	9.81	9.81	9.81	-	-
Other Intangible Assets	8.12	8.03	8.11	7.48	7.31	7.58
Other Current Assets	148.36	141.19	117.44	99.43	102.11	118.26
Deferred Long-Term Tax Assets	3.59	3.97	4.58	4.58	4.54	4.55
Other Long-Term Assets	6.43	7.69	4.79	5.56	5.6	5.89
Total Assets	9,258	9,456	9,064	8,404	7,213	6,432
Current Portion of Long-Term Debt	443.87	446.93	263.01	902.74	303.11	393.58
Current Portion of Leases	47.19	20.93	-	-	-	-
Long-Term Debt	2,797	2,823	2,771	1,986	2,138	1,498
Long-Term Leases	86.86	123.47	162.85	-	-	-
Accounts Payable	198.35	229.31	354.68	362.71	188.14	226.35
Accrued Expenses	149.22	157.66	159.05	146.76	109.18	95.08
Current Income Taxes Payable	20.75	1.41	25.74	4.31	10.77	1.19
Current Unearned Revenue	11.63	14.38	1.57	0.81	3.6	1.19
Other Current Liabilities	214.57	188.79	322.58	297.77	104.57	94.31
Long-Term Deferred Tax Liabilities	274.65	255.18	212.5	180.59	138.13	104.41
Other Long-Term Liabilities	2.61	2.61	2.62	2.61	2.62	2.61
Total Liabilities	4,247	4,264	4,498	3,884	2,998	2,416
Common Stock	1,257	1,257	1,121	1,121	1,065	1,065
Additional Paid-In Capital	1,044	1,144	829.37	1,029	836.19	1,036
Retained Earnings	98.63	297.45	271.57	227.05	344.07	17.6
Comprehensive Income & Other	2,612	2,494	2,278	2,086	1,971	1,897
Total Common Equity	5,011	5,192	4,500	4,464	4,216	4,016
Minority Interest	-	-	65.28	55.79	-	-
Shareholders' Equity	5,011	5,192	4,565	4,520	4,216	4,016
Total Liabilities & Equity	9,258	9,456	9,064	8,404	7,213	6,432
Total Debt	3,375	3,415	3,420	2,889	2,441	1,891
Net Cash (Debt)	-2,921	-2,601	-2,737	-2,510	-1,945	-1,227
Net Cash Per Share	-223.44	-207.00	-244.11	-223.87	-182.69	-115.02
Filing Date Shares Outstanding	12.57	12.57	11.21	11.21	10.65	10.65
Total Common Shares Outstanding	12.57	12.57	11.21	11.21	10.65	10.65
Book Value Per Share	398.72	413.09	401.30	398.06	395.99	377.21
Tangible Book Value	4,993	5,174	4,482	4,447	4,208	4,008
Tangible Book Value Per Share	397.30	411.68	399.70	396.52	395.31	376.49
Construction In Progress	988.28	907.58	887.15	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.