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 2025	FY 2024	FY 2023	FY 2022
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
Cash & Equivalents	1,011	1,575	1,254	897.04	983.41
Cash & Short-Term Investments	1,011	1,575	1,254	897.04	983.41
Cash Growth	-19.39%	25.54%	39.82%	-8.78%	-
Accounts Receivable	8,405	5,961	4,294	4,111	2,433
Other Receivables	-	91.68	35.61	27.01	47.14
Receivables	8,405	6,052	4,330	4,138	2,480
Inventory	72.68	53.76	44.88	47.93	42.33
Prepaid Expenses	62.05	43.31	52.03	43.7	55.24
Other Current Assets	-	1,038	724.31	538.7	258.07
Total Current Assets	9,551	8,761	6,405	5,666	3,820
Property, Plant & Equipment	1,303	1,268	929.24	648.87	498.01
Goodwill	23.06	23.06	23.06	23.06	23.06
Other Intangible Assets	90.75	94.45	104.08	100.8	112.63
Long-Term Accounts Receivable	248.78	214.79	233.52	76.25	175.14
Other Long-Term Assets	278.06	260.35	49.06	3.18	14.26
Total Assets	11,494	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	362.89	179.28	142.21	266.02	91.86
Current Portion of Leases	75.9	77.57	27.5	11.32	7.99
Current Income Taxes Payable	132.74	98.75	23.47	5.28	1.26
Current Unearned Revenue	363.04	1,602	1,109	1,004	816.69
Other Current Liabilities	7,108	2,459	1,589	1,355	890.21
Total Current Liabilities	8,042	6,837	5,252	4,452	2,816
Long-Term Debt	237.5	250	303.78	382.26	411.46
Long-Term Leases	213.25	225.22	148.37	91.88	70.29
Pension & Post-Retirement Benefits	415.12	402.32	309.84	262.68	236.94
Other Long-Term Liabilities	1,212	1,513	696.66	396.81	299.63
Total Liabilities	10,120	9,228	6,711	5,585	3,834
Common Stock	50	50	50	0.3	0.3
Retained Earnings	1,395	1,414	1,006	911.27	778.23
Comprehensive Income & Other	-69.96	-70.01	-24.02	20.17	22.28
Total Common Equity	1,375	1,394	1,032	931.74	800.8
Minority Interest	-0.43	-0.28	0.89	0.9	7.9
Shareholders' Equity	1,374	1,394	1,033	932.64	808.7
Total Liabilities & Equity	11,494	10,622	7,744	6,518	4,643
Total Debt	889.54	937.21	1,005	1,038	904.11
Net Cash (Debt)	121.54	637.32	249.62	-141.14	79.31
Net Cash Growth	-51.31%	155.32%	-	-	-
Net Cash Per Share	0.02	0.13	0.05	-0.03	0.02
Filing Date Shares Outstanding	5,013	5,000	5,000	-	5,000
Total Common Shares Outstanding	5,013	5,000	5,000	-	5,000
Working Capital	1,509	1,924	1,153	1,214	1,004
Book Value Per Share	0.27	0.28	0.21	-	0.16
Tangible Book Value	1,261	1,277	905.3	807.88	665.12
Tangible Book Value Per Share	0.25	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.