ALEC Holdings 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,205	1,254	897.04	983.41
Cash & Short-Term Investments	1,205	1,254	897.04	983.41
Cash Growth	22.56%	39.82%	-8.78%	-
Accounts Receivable	5,183	4,294	4,111	2,433
Other Receivables	37.83	35.61	27.01	47.14
Receivables	5,221	4,330	4,138	2,480
Inventory	84.04	44.88	47.94	42.33
Prepaid Expenses	66.87	52.03	43.71	55.24
Other Current Assets	820.38	724.31	538.7	258.07
Total Current Assets	7,397	6,405	5,666	3,820
Property, Plant & Equipment	1,115	929.24	648.87	498.01
Goodwill	23.06	23.06	23.06	23.06
Other Intangible Assets	98.92	104.08	100.8	112.63
Long-Term Accounts Receivable	276	233.52	76.25	175.14
Other Long-Term Assets	166.65	49.06	3.18	14.26
Total Assets	9,077	7,744	6,518	4,643
Accrued Expenses	2,137	1,978	1,523	685.08
Short-Term Debt	163.36	382.77	286.69	322.5
Current Portion of Long-Term Debt	168.97	142.21	266.02	91.86
Current Portion of Leases	48.47	27.5	11.32	7.99
Current Income Taxes Payable	43.65	23.47	5.28	1.26
Current Unearned Revenue	1,124	1,109	1,004	816.69
Other Current Liabilities	1,989	1,589	1,355	890.21
Total Current Liabilities	5,675	5,252	4,452	2,816
Long-Term Debt	275	303.78	382.26	411.46
Long-Term Leases	215.84	148.37	91.88	70.29
Pension & Post-Retirement Benefits	360.87	309.84	262.68	236.94
Other Long-Term Liabilities	1,559	696.66	396.81	299.63
Total Liabilities	8,085	6,711	5,585	3,834
Common Stock	50	50	0.3	0.3
Retained Earnings	965.72	1,031	911.27	778.23
Comprehensive Income & Other	-23.98	-48.72	20.17	22.28
Total Common Equity	991.74	1,032	931.74	800.8
Minority Interest	0.05	0.89	0.9	7.9
Shareholders' Equity	991.79	1,033	932.64	808.7
Total Liabilities & Equity	9,077	7,744	6,518	4,643
Total Debt	871.63	1,005	1,038	904.1
Net Cash (Debt)	333.67	249.62	-141.14	79.31
Net Cash Per Share	0.07	0.05	-0.03	0.02
Filing Date Shares Outstanding	5,000	5,000	5,000	5,000
Total Common Shares Outstanding	5,000	5,000	5,000	5,000
Working Capital	1,723	1,153	1,214	1,004
Book Value Per Share	0.20	0.21	0.19	0.16
Tangible Book Value	869.77	905.3	807.89	665.12
Tangible Book Value Per Share	0.17	0.18	0.16	0.13
Buildings	-	526.62	440.39	330.97
Machinery	-	1,224	1,007	934.48
Construction In Progress	-	74.72	70.98	54.01
Order Backlog	-	27,500	-	-

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