Emirates Central Cooling Systems Corporation (DFM:EMPOWER)

DFM:EMPOWER 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	2,284	1,937	538.78	1,474	1,246	1,087
Short-Term Investments	52.57	30.26	27.5	11.3	114.8	-
Trading Asset Securities	50.73	25.47	10	-	100	-
Accounts Receivable	467.14	184.71	210.05	219.81	154.48	164.59
Other Receivables	37.61	35.89	33.51	36.79	14.17	24.75
Inventory	55.25	53.79	43.73	46.15	27.02	35.08
Prepaid Expenses	7.56	17.6	13.55	13.43	14.1	15.04
Other Current Assets	48.34	75.11	89.92	77.49	99.29	116.7
Total Current Assets	3,003	2,359	967.03	1,879	1,769	1,443
Property, Plant & Equipment	7,124	7,001	6,939	6,997	7,046	6,732
Other Intangible Assets	318.71	327.83	339.98	352.14	364.3	-
Long-Term Investments	56.66	56.02	54.46	53.22	58.42	57.96
Long-Term Deferred Tax Assets	15.36	16.23	17.45	-	-	-
Other Long-Term Assets	1,462	1,423	1,410	373.86	305.16	-
Total Assets	11,979	11,183	9,728	9,655	9,544	8,233
Accounts Payable	384.2	217.86	189.65	1,157	1,639	434.09
Accrued Expenses	432.99	366.41	327.31	287.93	-	295.1
Current Portion of Long-Term Debt	2.97	2.2	-	-	1,000	167.18
Current Unearned Revenue	688.54	523.26	344.96	293.4	2.78	298.81
Current Portion of Leases	1.53	5.39	3.5	2.34	3.01	6.15
Current Income Taxes Payable	67.18	88.95	-	-	-	-
Other Current Liabilities	900.59	732.64	680.46	19.72	12.69	647.94
Total Current Liabilities	2,478	1,937	1,546	1,760	2,657	1,849
Long-Term Debt	5,500	5,496	4,492	4,490	987.67	1,155
Long-Term Leases	-	0.16	0.58	0.73	11.94	14.6
Long-Term Unearned Revenue	300.69	302.78	305.56	308.34	370.89	373.67
Pension & Post-Retirement Benefits	63.56	57.65	54.67	56.04	49.7	45.45
Other Long-Term Liabilities	12.09	16.19	18.04	5.26	35.32	-
Total Liabilities	8,354	7,810	6,417	6,620	4,113	3,438
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000
Additional Paid-In Capital	82.19	82.19	82.19	82.19	82.19	82.19
Retained Earnings	2,340	2,097	2,048	1,945	4,344	3,708
Comprehensive Income & Other	18.31	18.77	14.51	5.84	2.74	2.28
Total Common Equity	3,441	3,198	3,144	3,033	5,429	4,793
Minority Interest	183.86	175.75	166.78	2.13	1.94	2.12
Shareholders' Equity	3,625	3,373	3,311	3,035	5,431	4,795
Total Liabilities & Equity	11,979	11,183	9,728	9,655	9,544	8,233
Total Debt	5,505	5,504	4,497	4,493	2,003	1,343
Net Cash (Debt)	-3,118	-3,512	-3,920	-3,007	-542.45	-256.09
Net Cash Per Share	-0.31	-0.35	-0.39	-0.30	-0.05	-0.26
Filing Date Shares Outstanding	10,000	10,000	10,000	10,000	1,000	1,000
Total Common Shares Outstanding	10,000	10,000	10,000	10,000	1,000	1,000
Working Capital	524.87	422.73	-578.85	118.59	-887.88	-406.42
Book Value Per Share	0.34	0.32	0.31	0.30	5.43	4.79
Tangible Book Value	3,122	2,870	2,804	2,680	5,065	4,793
Tangible Book Value Per Share	0.31	0.29	0.28	0.27	5.06	4.79
Land	432.36	432.36	432.36	432.36	494.28	494.28
Buildings	71.77	70.71	70.71	70.71	70.71	70.71
Machinery	9,711	9,542	9,240	8,850	8,098	7,695
Construction In Progress	542.8	339.04	249.83	393.37	842.07	596.02

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