DFM:DEWA 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	FY 2021
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	Dec '21 Dec 31, 2021
Cash & Equivalents	8,265	8,391	6,105	5,300	5,287	4,406
Short-Term Investments	10,751	9,783	7,713	7,583	10,666	6,948
Trading Asset Securities	148.56	170.82	403.25	594.85	492.11	-
Accounts Receivable	3,234	3,429	3,104	3,420	4,215	3,850
Inventory	1,488	1,487	1,560	1,401	1,445	1,451
Other Current Assets	464.19	426.28	404.03	481.88	131.85	445.67
Total Current Assets	24,351	23,688	19,290	18,781	22,238	17,101
Property, Plant & Equipment	163,970	163,301	158,252	155,917	154,029	149,472
Other Intangible Assets	712.17	723.29	440.7	462.37	471.12	529.58
Long-Term Investments	6,654	5,996	5,161	4,476	2,806	1,293
Long-Term Deferred Tax Assets	201.27	197.74	207.4	103.9	-	-
Long-Term Accounts Receivable	59.83	53.64	3.55	-	-	-
Other Long-Term Assets	1,360	1,179	1,402	1,217	1,208	1,013
Total Assets	197,308	195,139	184,755	180,958	180,753	169,408
Accounts Payable	3,028	2,710	2,660	2,054	1,215	1,599
Accrued Expenses	282.76	356.63	262.1	244.84	290.52	281.64
Short-Term Debt	899.19	904.18	731.59	641.85	565.12	442.34
Current Portion of Long-Term Debt	5,470	5,785	6,612	10,904	2,807	3,144
Current Unearned Revenue	3,366	3,238	2,957	1,814	1,737	1,823
Current Portion of Leases	17.62	18.46	18.6	15.97	12.88	3.01
Current Income Taxes Payable	1,083	976.05	853.51	-	-	-
Other Current Liabilities	12,400	12,519	11,473	10,596	10,491	9,827
Total Current Liabilities	26,547	26,507	25,569	26,271	17,118	17,120
Long-Term Debt	37,412	31,946	28,835	27,345	37,323	25,586
Long-Term Leases	32.65	35.62	25.33	16.28	23.53	11.94
Long-Term Unearned Revenue	36,927	36,060	32,872	32,464	31,814	30,623
Pension & Post-Retirement Benefits	1,167	1,163	1,110	1,020	1,010	1,009
Long-Term Deferred Tax Liabilities	65.31	61.1	113.13	12	-	-
Other Long-Term Liabilities	1,676	1,596	1,244	1,127	1,083	1,467
Total Liabilities	103,828	97,369	89,767	88,256	88,372	75,817
Common Stock	500	500	500	500	500	500
Additional Paid-In Capital	39,166	39,166	39,118	40,043	40,043	40,037
Retained Earnings	47,219	50,865	48,675	47,845	47,930	53,699
Comprehensive Income & Other	501.28	485.84	1,056	824.72	954.25	-1,236
Total Common Equity	87,386	91,017	89,349	89,212	89,427	93,000
Minority Interest	6,095	6,753	5,639	3,489	2,953	591.91
Shareholders' Equity	93,480	97,770	94,988	92,701	92,380	93,592
Total Liabilities & Equity	197,308	195,139	184,755	180,958	180,753	169,408
Total Debt	43,832	38,689	36,223	38,924	40,731	29,187
Net Cash (Debt)	-24,666	-20,343	-22,001	-25,446	-24,285	-17,832
Net Cash Per Share	-0.49	-0.41	-0.44	-0.51	-0.49	-0.36
Filing Date Shares Outstanding	50,000	50,000	50,000	50,000	50,000	50,000
Total Common Shares Outstanding	50,000	50,000	50,000	50,000	50,000	50,000
Working Capital	-2,196	-2,819	-6,279	-7,490	5,120	-19.44
Book Value Per Share	1.75	1.82	1.79	1.78	1.79	1.86
Tangible Book Value	86,674	90,293	88,909	88,750	88,956	92,470
Tangible Book Value Per Share	1.73	1.81	1.78	1.77	1.78	1.85
Land	44,136	43,893	43,440	43,983	43,600	42,991
Machinery	176,356	175,571	167,005	160,782	137,123	130,774
Construction In Progress	18,640	17,501	15,333	13,301	29,770	27,544

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