Emaar Development 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	FY 2021
Period Ending	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	41,310	23,570	18,422	11,363	5,689
Cash & Short-Term Investments	41,310	23,570	18,422	11,363	5,689
Cash Growth	75.27%	27.94%	62.12%	99.74%	69.81%
Accounts Receivable	5,421	8,079	5,549	5,776	5,742
Other Receivables	3,778	2,324	2,562	1,520	1,726
Receivables	10,040	11,208	8,811	8,209	8,448
Inventory	21,486	16,520	12,467	10,851	11,180
Prepaid Expenses	6.1	4.54	3.86	5.21	3.86
Other Current Assets	4,211	3,763	1,914	1,432	1,213
Total Current Assets	77,053	55,065	41,618	31,859	26,533
Property, Plant & Equipment	25.27	13.67	16.52	20.16	26.93
Long-Term Investments	1,670	964.07	761.71	925.62	751.25
Long-Term Accounts Receivable	2,146	3,378	6,472	9,670	8,854
Total Assets	80,894	59,421	48,868	42,474	36,165
Accounts Payable	768.69	655.98	727.76	647.01	798.76
Accrued Expenses	535.16	377.87	130.01	113.34	272.98
Short-Term Debt	-	-	1,910	2,627	2,668
Current Portion of Long-Term Debt	-	-	-	-	2,976
Current Income Taxes Payable	2,228	486.37	-	-	-
Other Current Liabilities	2,464	2,142	2,536	1,104	452.84
Total Current Liabilities	5,997	3,662	5,303	4,492	7,169
Long-Term Debt	3.67	3.67	3.67	849.84	199.4
Long-Term Leases	12.15	-	-	-	-
Pension & Post-Retirement Benefits	29.16	26.98	24.32	23.61	21.04
Other Long-Term Liabilities	33,568	24,113	17,066	17,038	12,360
Total Liabilities	39,609	27,806	22,397	22,403	19,749
Common Stock	4,000	4,000	4,000	4,000	4,000
Retained Earnings	33,274	24,389	18,841	14,297	10,493
Total Common Equity	37,274	28,389	22,841	18,297	14,493
Minority Interest	4,011	3,227	3,629	1,774	1,923
Shareholders' Equity	41,285	31,615	26,471	20,072	16,415
Total Liabilities & Equity	80,894	59,421	48,868	42,474	36,165
Total Debt	15.82	3.67	1,914	3,477	5,843
Net Cash (Debt)	41,294	23,566	16,508	7,886	-154.76
Net Cash Growth	75.23%	42.75%	109.34%	-	-
Net Cash Per Share	10.32	5.89	4.13	1.97	-0.04
Filing Date Shares Outstanding	4,000	4,000	4,000	4,000	4,000
Total Common Shares Outstanding	4,000	4,000	4,000	4,000	4,000
Working Capital	71,056	51,403	36,315	27,367	19,364
Book Value Per Share	9.32	7.10	5.71	4.57	3.62
Tangible Book Value	37,274	28,389	22,841	18,297	14,493
Tangible Book Value Per Share	9.32	7.10	5.71	4.57	3.62
Land	58.96	58.96	58.36	58.36	58.36
Machinery	58.62	51.1	47.19	41.05	40.7
Order Backlog	125,200	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.