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	73.19	30.26	27.5	11.3	114.8	-
Trading Asset Securities	50.73	25.47	10	-	100	-
Accounts Receivable	457.64	184.71	210.05	219.81	154.48	164.59
Other Receivables	82.39	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	-	17.6	13.55	13.43	14.1	15.04
Other Current Assets	-	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	1,346	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	172.54	1,423	1,410	373.86	305.16	-
Total Assets	11,979	11,183	9,728	9,655	9,544	8,233
Accounts Payable	2,081	217.86	189.65	1,157	1,639	434.09
Accrued Expenses	-	366.41	327.31	287.93	-	295.1
Current Portion of Long-Term Debt	-	2.2	-	-	1,000	167.18
Current Unearned Revenue	3.17	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	321.8	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)	-3,097	-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	10,004	10,000	10,000	10,000	1,000	1,000
Total Common Shares Outstanding	10,004	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	494.28	494.28
Buildings	-	70.71	70.71	70.71	70.71	70.71
Machinery	-	9,542	9,240	8,850	8,098	7,695
Construction In Progress	-	339.04	249.83	393.37	842.07	596.02

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