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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,301	1,254	897.04	983.41
Cash & Short-Term Investments	1,301	1,254	897.04	983.41
Cash Growth	45.09%	39.82%	-8.78%	-
Accounts Receivable	5,940	4,294	4,111	2,433
Other Receivables	51.98	35.61	27.01	47.14
Receivables	5,992	4,330	4,138	2,480
Inventory	79.44	44.88	47.94	42.33
Prepaid Expenses	54.26	52.03	43.71	55.24
Other Current Assets	915.14	724.31	538.7	258.07
Total Current Assets	8,342	6,405	5,666	3,820
Property, Plant & Equipment	1,186	929.24	648.87	498.01
Goodwill	23.06	23.06	23.06	23.06
Other Intangible Assets	95.58	104.08	100.8	112.63
Long-Term Accounts Receivable	162.11	233.52	76.25	175.14
Other Long-Term Assets	216.72	49.06	3.18	14.26
Total Assets	10,026	7,744	6,518	4,643
Accrued Expenses	2,319	1,978	1,523	685.08
Short-Term Debt	127.28	382.77	286.69	322.5
Current Portion of Long-Term Debt	149.22	142.21	266.02	91.86
Current Portion of Leases	40.43	27.5	11.32	7.99
Current Income Taxes Payable	55.22	23.47	5.28	1.26
Current Unearned Revenue	1,426	1,109	1,004	816.69
Other Current Liabilities	2,238	1,589	1,355	890.21
Total Current Liabilities	6,356	5,252	4,452	2,816
Long-Term Debt	262.5	303.78	382.26	411.46
Long-Term Leases	202.19	148.37	91.88	70.29
Pension & Post-Retirement Benefits	379.53	309.84	262.68	236.94
Other Long-Term Liabilities	1,642	696.66	396.81	299.63
Total Liabilities	8,842	6,711	5,585	3,834
Common Stock	50	50	0.3	0.3
Retained Earnings	1,158	1,031	911.27	778.23
Comprehensive Income & Other	-23.99	-48.72	20.17	22.28
Total Common Equity	1,184	1,032	931.74	800.8
Minority Interest	0.35	0.89	0.9	7.9
Shareholders' Equity	1,184	1,033	932.64	808.7
Total Liabilities & Equity	10,026	7,744	6,518	4,643
Total Debt	781.62	1,005	1,038	904.1
Net Cash (Debt)	519.87	249.62	-141.14	79.31
Net Cash Per Share	0.10	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	1,987	1,153	1,214	1,004
Book Value Per Share	0.24	0.21	0.19	0.16
Tangible Book Value	1,065	905.3	807.89	665.12
Tangible Book Value Per Share	0.21	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.