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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	161.27	207.74	234.17	270.49	15.66	15.73
Trading Asset Securities	17.12	20.91	33.34	47.65	18.4	-
Cash & Short-Term Investments	178.39	228.66	267.51	318.14	34.06	15.73
Cash Growth	-31.74%	-14.52%	-15.91%	834.13%	116.58%	0.54%
Accounts Receivable	102.02	90.71	23.01	6.7	5.29	3.59
Other Receivables	6.19	6.07	15.3	5.15	0.45	0.47
Receivables	108.21	96.78	38.31	11.85	5.74	4.05
Inventory	18.02	13.28	9.9	6.45	4.79	4.19
Prepaid Expenses	2.76	1.7	0.95	0.72	0.85	0.8
Other Current Assets	29.25	6.34	0.43	0.02	0.01	0.07
Total Current Assets	336.63	346.75	317.1	337.18	45.46	24.84
Property, Plant & Equipment	32.4	33.02	32.16	14.55	9.16	6.96
Long-Term Investments	1.23	1.14	1.21	1.11	1.01	0.72
Goodwill	12.8	12.8	5.3	-	-	-
Other Intangible Assets	13.15	13.65	4.17	-	-	-
Other Long-Term Assets	5.53	5.53	3.28	3.38	11.81	12.09
Total Assets	401.75	412.88	363.22	356.22	67.44	44.61
Accounts Payable	26.62	41.66	20.95	8.77	8.49	3.45
Accrued Expenses	8.21	3.9	2.24	1.54	1.64	1.87
Short-Term Debt	-	-	-	-	24.42	7.11
Current Portion of Long-Term Debt	0.46	0.42	-	-	-	-
Current Portion of Leases	1.45	1.11	1.25	1.43	2.09	1.86
Current Income Taxes Payable	1.44	1.38	-	-	-	-
Other Current Liabilities	7.71	8.48	0.13	0.07	0.09	3.88
Total Current Liabilities	45.88	56.95	24.57	11.8	36.74	18.17
Long-Term Debt	0.43	0.56	-	-	-	-
Long-Term Leases	2.23	2.53	3.51	6.19	7.86	5.45
Long-Term Deferred Tax Liabilities	0.98	1.01	0.38	-	-	-
Total Liabilities	52.13	63.6	30.35	19.71	46.31	25.64
Common Stock	319.87	319.87	319.87	319.87	30	30
Retained Earnings	22.29	22.11	12.18	15.91	-9.49	-11.36
Comprehensive Income & Other	0.84	0.74	0.82	0.72	0.62	0.33
Total Common Equity	343	342.72	332.87	336.5	21.13	18.97
Minority Interest	6.62	6.57	-	-	-	-
Shareholders' Equity	349.62	349.29	332.87	336.5	21.13	18.97
Total Liabilities & Equity	401.75	412.88	363.22	356.22	67.44	44.61
Total Debt	4.56	4.63	4.76	7.62	34.37	14.42
Net Cash (Debt)	173.83	224.02	262.75	310.51	-0.31	1.31
Net Cash Growth	-32.30%	-14.74%	-15.38%	-	-	28.63%
Net Cash Per Share	0.54	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	290.75	289.8	292.53	325.37	8.72	6.67
Book Value Per Share	1.07	1.07	1.04	1.05	0.70	0.63
Tangible Book Value	317.05	316.27	323.4	336.5	21.13	18.97
Tangible Book Value Per Share	0.99	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 Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.