ALEC Holdings PJSC Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,575	1,254	897.04	983.41
Cash & Short-Term Investments	1,575	1,254	897.04	983.41
Cash Growth	25.54%	39.82%	-8.78%	-
Accounts Receivable	5,961	4,294	4,111	2,433
Other Receivables	91.68	35.61	27.01	47.14
Receivables	6,052	4,330	4,138	2,480
Inventory	53.76	44.88	47.93	42.33
Prepaid Expenses	43.31	52.03	43.7	55.24
Other Current Assets	1,038	724.31	538.7	258.07
Total Current Assets	8,761	6,405	5,666	3,820
Property, Plant & Equipment	1,268	929.24	648.87	498.01
Goodwill	23.06	23.06	23.06	23.06
Other Intangible Assets	94.45	104.08	100.8	112.63
Long-Term Accounts Receivable	214.79	233.52	76.25	175.14
Other Long-Term Assets	260.35	49.06	3.18	14.26
Total Assets	10,622	7,744	6,518	4,643
Accrued Expenses	2,216	1,978	1,523	685.08
Short-Term Debt	205.14	382.77	286.69	322.5
Current Portion of Long-Term Debt	179.28	142.21	266.02	91.86
Current Portion of Leases	77.57	27.5	11.32	7.99
Current Income Taxes Payable	98.75	23.47	5.28	1.26
Current Unearned Revenue	1,602	1,109	1,004	816.69
Other Current Liabilities	2,459	1,589	1,355	890.21
Total Current Liabilities	6,837	5,252	4,452	2,816
Long-Term Debt	250	303.78	382.26	411.46
Long-Term Leases	225.22	148.37	91.88	70.29
Pension & Post-Retirement Benefits	402.32	309.84	262.68	236.94
Other Long-Term Liabilities	1,513	696.66	396.81	299.63
Total Liabilities	9,228	6,711	5,585	3,834
Common Stock	50	50	0.3	0.3
Retained Earnings	1,414	1,006	911.27	778.23
Comprehensive Income & Other	-70.01	-24.02	20.17	22.28
Total Common Equity	1,394	1,032	931.74	800.8
Minority Interest	-0.28	0.89	0.9	7.9
Shareholders' Equity	1,394	1,033	932.64	808.7
Total Liabilities & Equity	10,622	7,744	6,518	4,643
Total Debt	937.21	1,005	1,038	904.11
Net Cash (Debt)	637.32	249.62	-141.14	79.31
Net Cash Growth	155.32%	-	-	-
Net Cash Per Share	0.13	0.05	-0.03	0.02
Filing Date Shares Outstanding	5,000	5,000	-	5,000
Total Common Shares Outstanding	5,000	5,000	-	5,000
Working Capital	1,924	1,153	1,214	1,004
Book Value Per Share	0.28	0.21	-	0.16
Tangible Book Value	1,277	905.3	807.88	665.12
Tangible Book Value Per Share	0.26	0.18	-	0.13
Buildings	611.56	526.62	440.39	330.97
Machinery	1,549	1,224	1,007	934.48
Construction In Progress	24.26	74.72	70.98	54.01

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