DFM:EMPOWER 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	2,256	1,937	538.78	1,474	1,246
Short-Term Investments	57.7	30.26	27.5	11.3	114.8
Trading Asset Securities	45.46	25.47	10	-	100
Accounts Receivable	241.12	184.71	210.05	219.81	154.48
Other Receivables	38.18	35.89	33.51	36.79	14.17
Inventory	55.72	53.79	43.73	46.15	27.02
Prepaid Expenses	19.07	17.6	13.55	13.43	14.1
Other Current Assets	65.63	75.11	89.92	77.49	99.29
Total Current Assets	2,779	2,359	967.03	1,879	1,769
Property, Plant & Equipment	7,197	7,001	6,939	6,997	7,046
Other Intangible Assets	315.67	327.83	339.98	352.14	364.3
Long-Term Investments	55.78	56.02	54.46	53.22	58.42
Long-Term Deferred Tax Assets	15.08	16.23	17.45	-	-
Other Long-Term Assets	1,455	1,423	1,410	373.86	305.16
Total Assets	11,817	11,183	9,728	9,655	9,544
Accounts Payable	247.16	217.86	189.65	1,157	1,639
Accrued Expenses	411.86	315.7	327.31	287.93	-
Current Portion of Long-Term Debt	3.42	2.2	-	-	1,000
Current Unearned Revenue	745.04	523.26	344.96	293.4	2.78
Current Portion of Leases	1.89	5.39	3.5	2.34	3.01
Current Income Taxes Payable	97.59	88.95	-	-	-
Other Current Liabilities	925.84	783.36	680.46	19.72	12.69
Total Current Liabilities	2,433	1,937	1,546	1,760	2,657
Long-Term Debt	5,500	5,496	4,492	4,490	987.67
Long-Term Leases	-	0.16	0.58	0.73	11.94
Long-Term Unearned Revenue	300	302.78	305.56	308.34	370.89
Pension & Post-Retirement Benefits	70.89	57.65	54.67	56.04	49.7
Other Long-Term Liabilities	15.84	16.19	18.04	5.26	35.32
Total Liabilities	8,320	7,810	6,417	6,620	4,113
Common Stock	1,000	1,000	1,000	1,000	1,000
Additional Paid-In Capital	82.19	82.19	82.19	82.19	82.19
Retained Earnings	2,215	2,097	2,048	1,945	4,344
Comprehensive Income & Other	13.81	18.77	14.51	5.84	2.74
Total Common Equity	3,311	3,198	3,144	3,033	5,429
Minority Interest	186.38	175.75	166.78	2.13	1.94
Shareholders' Equity	3,497	3,373	3,311	3,035	5,431
Total Liabilities & Equity	11,817	11,183	9,728	9,655	9,544
Total Debt	5,505	5,504	4,497	4,493	2,003
Net Cash (Debt)	-3,146	-3,512	-3,920	-3,007	-542.45
Net Cash Per Share	-0.31	-0.35	-0.39	-0.30	-0.05
Filing Date Shares Outstanding	10,000	10,000	10,000	10,000	1,000
Total Common Shares Outstanding	10,000	10,000	10,000	10,000	1,000
Working Capital	345.84	422.73	-578.85	118.59	-887.88
Book Value Per Share	0.33	0.32	0.31	0.30	5.43
Tangible Book Value	2,995	2,870	2,804	2,680	5,065
Tangible Book Value Per Share	0.30	0.29	0.28	0.27	5.06
Land	432.36	432.36	432.36	432.36	494.28
Buildings	71.77	70.71	70.71	70.71	70.71
Machinery	9,917	9,542	9,240	8,850	8,098
Construction In Progress	495.86	339.04	249.83	393.37	842.07

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