Emaar Development PJSC (DFM:EMAARDEV)

Emaar Development PJSC Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	35,057	23,570	18,422	11,363	5,689	3,350
Cash & Short-Term Investments	35,057	23,570	18,422	11,363	5,689	3,350
Cash Growth	28.26%	27.94%	62.12%	99.74%	69.81%	-20.74%
Accounts Receivable	6,118	8,079	5,549	5,776	5,742	5,317
Other Receivables	2,556	2,745	2,562	1,520	1,726	3,379
Receivables	9,506	11,629	8,811	8,209	8,448	9,672
Inventory	19,571	16,520	12,467	10,851	11,180	14,470
Prepaid Expenses	15.93	4.54	3.86	5.21	3.86	7.18
Other Current Assets	4,612	3,342	1,914	1,432	1,213	1,283
Total Current Assets	68,761	55,065	41,618	31,859	26,533	28,781
Property, Plant & Equipment	12.12	13.67	16.52	20.16	26.93	36.4
Long-Term Investments	1,209	964.07	761.71	925.62	751.25	516.36
Long-Term Accounts Receivable	2,429	3,378	6,472	9,670	8,854	4,375
Total Assets	72,411	59,421	48,868	42,474	36,165	33,709
Accounts Payable	624.96	655.98	727.76	647.01	798.76	928.25
Accrued Expenses	396.54	377.87	130.01	113.34	272.98	2,045
Short-Term Debt	-	-	1,910	2,627	2,668	2,627
Current Portion of Long-Term Debt	-	-	-	-	2,976	-
Current Income Taxes Payable	1,430	486.37	-	-	-	-
Other Current Liabilities	1,488	2,142	2,536	1,104	452.84	454.47
Total Current Liabilities	3,939	3,662	5,303	4,492	7,169	6,054
Long-Term Debt	3.67	3.67	3.67	849.84	199.4	3,669
Pension & Post-Retirement Benefits	27.27	26.98	24.32	23.61	21.04	22.3
Other Long-Term Liabilities	32,648	24,113	17,066	17,038	12,360	10,463
Total Liabilities	36,618	27,806	22,397	22,403	19,749	20,209
Common Stock	4,000	4,000	4,000	4,000	4,000	4,000
Retained Earnings	28,671	24,389	18,841	14,297	10,493	7,252
Total Common Equity	32,671	28,389	22,841	18,297	14,493	11,252
Minority Interest	3,123	3,227	3,629	1,774	1,923	2,247
Shareholders' Equity	35,793	31,615	26,471	20,072	16,415	13,500
Total Liabilities & Equity	72,411	59,421	48,868	42,474	36,165	33,709
Total Debt	3.67	3.67	1,914	3,477	5,843	6,296
Net Cash (Debt)	35,053	23,566	16,508	7,886	-154.76	-2,946
Net Cash Growth	51.89%	42.75%	109.34%	-	-	-
Net Cash Per Share	8.77	5.89	4.13	1.97	-0.04	-0.74
Filing Date Shares Outstanding	4,000	4,000	4,000	4,000	4,000	4,000
Total Common Shares Outstanding	4,000	4,000	4,000	4,000	4,000	4,000
Working Capital	64,822	51,403	36,315	27,367	19,364	22,727
Book Value Per Share	8.17	7.10	5.71	4.57	3.62	2.81
Tangible Book Value	32,671	28,389	22,841	18,297	14,493	11,252
Tangible Book Value Per Share	8.17	7.10	5.71	4.57	3.62	2.81
Land	-	58.96	58.36	58.36	58.36	58.36
Machinery	-	51.1	47.19	41.05	40.7	40.46

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.