DFM:ERC 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	110.44	207.74	234.17	270.49	15.66
Short-Term Investments	25.26	-	-	-	-
Trading Asset Securities	-	20.91	33.34	47.65	18.4
Cash & Short-Term Investments	135.7	228.66	267.51	318.14	34.06
Cash Growth	-40.65%	-14.52%	-15.91%	834.13%	116.58%
Accounts Receivable	106.39	90.71	23.01	6.7	5.29
Other Receivables	80.57	6.07	15.3	5.15	0.45
Receivables	186.96	96.78	38.31	11.85	5.74
Inventory	24.37	13.28	9.9	6.45	4.79
Prepaid Expenses	-	1.7	0.95	0.72	0.85
Other Current Assets	-	6.34	0.43	0.02	0.01
Total Current Assets	347.03	346.75	317.1	337.18	45.46
Property, Plant & Equipment	37.61	33.02	32.16	14.55	9.16
Long-Term Investments	1.92	1.14	1.21	1.11	1.01
Goodwill	12.8	12.8	5.3	-	-
Other Intangible Assets	11.67	13.65	4.17	-	-
Other Long-Term Assets	3.28	5.53	3.28	3.38	11.81
Total Assets	414.31	412.88	363.22	356.22	67.44
Accounts Payable	45.19	41.66	20.95	8.77	8.49
Accrued Expenses	-	3.9	2.24	1.54	1.64
Short-Term Debt	-	-	-	-	24.42
Current Portion of Long-Term Debt	0.63	0.42	-	-	-
Current Portion of Leases	0.86	1.11	1.25	1.43	2.09
Current Income Taxes Payable	1.24	1.38	-	-	-
Other Current Liabilities	-	8.48	0.13	0.07	0.09
Total Current Liabilities	47.92	56.95	24.57	11.8	36.74
Long-Term Debt	0.99	0.56	-	-	-
Long-Term Leases	2.78	2.53	3.51	6.19	7.86
Pension & Post-Retirement Benefits	2.86	2.54	1.9	1.72	1.72
Long-Term Deferred Tax Liabilities	0.9	1.01	0.38	-	-
Total Liabilities	55.45	63.6	30.35	19.71	46.31
Common Stock	319.87	319.87	319.87	319.87	30
Retained Earnings	30.8	22.11	12.18	15.91	-9.49
Comprehensive Income & Other	1.52	0.74	0.82	0.72	0.62
Total Common Equity	352.2	342.72	332.87	336.5	21.13
Minority Interest	6.67	6.57	-	-	-
Shareholders' Equity	358.86	349.29	332.87	336.5	21.13
Total Liabilities & Equity	414.31	412.88	363.22	356.22	67.44
Total Debt	5.26	4.63	4.76	7.62	34.37
Net Cash (Debt)	130.44	224.02	262.75	310.51	-0.31
Net Cash Growth	-41.77%	-14.74%	-15.38%	-	-
Net Cash Per Share	0.41	0.70	0.82	1.81	-0.01
Filing Date Shares Outstanding	328.52	319.87	319.87	319.87	30
Total Common Shares Outstanding	328.52	319.87	319.87	319.87	30
Working Capital	299.11	289.8	292.53	325.37	8.72
Book Value Per Share	1.07	1.07	1.04	1.05	0.70
Tangible Book Value	327.72	316.27	323.4	336.5	21.13
Tangible Book Value Per Share	1.00	0.99	1.01	1.05	0.70
Buildings	-	21.11	19.61	14.63	8.66
Machinery	-	58.03	54.54	60.07	63.98
Construction In Progress	-	0.22	0.06	0.09	0.48

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.