Emirates Reem Investments Company P.J.S.C (DFM:ERC)

DFM:ERC 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	148.8	207.74	234.17	270.49	15.66	15.73
Trading Asset Securities	24.93	20.91	33.34	47.65	18.4	-
Cash & Short-Term Investments	173.73	228.66	267.51	318.14	34.06	15.73
Cash Growth	-32.42%	-14.52%	-15.91%	834.13%	116.58%	0.54%
Accounts Receivable	122.95	90.71	23.01	6.7	5.29	3.59
Other Receivables	7.26	6.07	15.3	5.15	0.45	0.47
Receivables	130.21	96.78	38.31	11.85	5.74	4.05
Inventory	26.02	13.28	9.9	6.45	4.79	4.19
Prepaid Expenses	3.18	1.7	0.95	0.72	0.85	0.8
Other Current Assets	13.29	6.34	0.43	0.02	0.01	0.07
Total Current Assets	346.43	346.75	317.1	337.18	45.46	24.84
Property, Plant & Equipment	33.47	33.02	32.16	14.55	9.16	6.96
Long-Term Investments	1.43	1.14	1.21	1.11	1.01	0.72
Goodwill	12.8	12.8	5.3	-	-	-
Other Intangible Assets	12.66	13.65	4.17	-	-	-
Other Long-Term Assets	5.53	5.53	3.28	3.38	11.81	12.09
Total Assets	412.31	412.88	363.22	356.22	67.44	44.61
Accounts Payable	28.93	41.66	20.95	8.77	8.49	3.45
Accrued Expenses	10.72	3.9	2.24	1.54	1.64	1.87
Short-Term Debt	-	-	-	-	24.42	7.11
Current Portion of Long-Term Debt	0.62	0.42	-	-	-	-
Current Portion of Leases	0.34	1.11	1.25	1.43	2.09	1.86
Current Income Taxes Payable	2.29	1.38	-	-	-	-
Other Current Liabilities	3.51	8.48	0.13	0.07	0.09	3.88
Total Current Liabilities	46.41	56.95	24.57	11.8	36.74	18.17
Long-Term Debt	1.34	0.56	-	-	-	-
Long-Term Leases	2.99	2.53	3.51	6.19	7.86	5.45
Long-Term Deferred Tax Liabilities	0.95	1.01	0.38	-	-	-
Total Liabilities	54.45	63.6	30.35	19.71	46.31	25.64
Common Stock	319.87	319.87	319.87	319.87	30	30
Retained Earnings	30.36	22.11	12.18	15.91	-9.49	-11.36
Comprehensive Income & Other	1.03	0.74	0.82	0.72	0.62	0.33
Total Common Equity	351.26	342.72	332.87	336.5	21.13	18.97
Minority Interest	6.6	6.57	-	-	-	-
Shareholders' Equity	357.86	349.29	332.87	336.5	21.13	18.97
Total Liabilities & Equity	412.31	412.88	363.22	356.22	67.44	44.61
Total Debt	5.29	4.63	4.76	7.62	34.37	14.42
Net Cash (Debt)	168.44	224.02	262.75	310.51	-0.31	1.31
Net Cash Growth	-33.41%	-14.74%	-15.38%	-	-	28.63%
Net Cash Per Share	0.53	0.70	0.82	1.81	-0.01	0.04
Filing Date Shares Outstanding	319.87	319.87	319.87	319.87	30	30
Total Common Shares Outstanding	319.87	319.87	319.87	319.87	30	30
Working Capital	300.02	289.8	292.53	325.37	8.72	6.67
Book Value Per Share	1.10	1.07	1.04	1.05	0.70	0.63
Tangible Book Value	325.8	316.27	323.4	336.5	21.13	18.97
Tangible Book Value Per Share	1.02	0.99	1.01	1.05	0.70	0.63
Buildings	-	21.11	19.61	14.63	8.66	8.4
Machinery	-	58.03	54.54	60.07	63.98	64.25
Construction In Progress	-	0.22	0.06	0.09	0.48	0.18

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