DFM:GULFNAV Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	528.74	5.2	210.06	28.27	24.68	21.89	Upgrade
Trading Asset Securities	-	0.7	100.38	-	-	-	Upgrade
Cash & Short-Term Investments	528.74	5.9	310.44	28.27	24.68	21.89	Upgrade
Cash Growth	128.91%	-98.10%	998.08%	14.57%	12.72%	-22.92%	Upgrade
Accounts Receivable	14.94	14.1	15.55	7.78	8.07	17.3	Upgrade
Other Receivables	9.52	1.32	2.67	4.58	20.17	22.33	Upgrade
Receivables	24.46	15.43	18.22	12.36	28.24	39.62	Upgrade
Inventory	10.43	10.43	9.08	7.97	8.26	6.44	Upgrade
Prepaid Expenses	3.26	1.73	1.55	3.24	1.67	2.04	Upgrade
Other Current Assets	66.33	28.82	3.37	2.2	1.06	0.23	Upgrade
Total Current Assets	633.22	62.3	342.67	54.03	63.9	70.23	Upgrade
Property, Plant & Equipment	516.31	531.87	516.21	587.12	627.08	648.8	Upgrade
Goodwill	143.46	143.46	143.46	143.46	143.46	143.46	Upgrade
Long-Term Deferred Tax Assets	1.56	1.97	-	-	-	-	Upgrade
Total Assets	1,295	739.61	1,002	784.62	834.44	862.49	Upgrade
Accounts Payable	24.25	6.73	19.23	22.09	25.25	27.6	Upgrade
Accrued Expenses	11.8	10.13	12.44	40.32	18.03	14.59	Upgrade
Short-Term Debt	-	-	180.19	0.83	11.67	17.67	Upgrade
Current Portion of Long-Term Debt	38.66	20.9	25.68	109.59	56.72	270.44	Upgrade
Current Portion of Leases	-	-	-	-	0.19	0.49	Upgrade
Current Income Taxes Payable	-	-	2.37	3.81	2.67	7.67	Upgrade
Other Current Liabilities	197.63	247.81	71.37	29.57	79.88	70.53	Upgrade
Total Current Liabilities	272.34	285.58	311.29	206.2	194.41	408.98	Upgrade
Long-Term Debt	107.75	72.71	94.16	157.89	264.02	134.09	Upgrade
Long-Term Leases	-	-	-	-	-	0.13	Upgrade
Pension & Post-Retirement Benefits	1.09	1.01	1.26	1.21	1.18	1.35	Upgrade
Total Liabilities	381.18	359.3	406.7	365.3	459.6	544.54	Upgrade
Common Stock	837.7	837.7	837.7	1,275	1,019	1,019	Upgrade
Additional Paid-In Capital	-	-	35.73	8.45	-	-	Upgrade
Retained Earnings	-15.96	-20.53	-0.44	-659.41	-651.8	-709.91	Upgrade
Treasury Stock	-192.9	-243.05	-96.28	-24.05	-	-	Upgrade
Comprehensive Income & Other	284.53	-193.81	-181.07	-181.07	-2.72	-2.72	Upgrade
Total Common Equity	913.36	380.31	595.64	419.32	364.69	306.57	Upgrade
Minority Interest	-	-	-	-	10.15	11.38	Upgrade
Shareholders' Equity	913.36	380.31	595.64	419.32	374.84	317.95	Upgrade
Total Liabilities & Equity	1,295	739.61	1,002	784.62	834.44	862.49	Upgrade
Total Debt	146.41	93.61	300.03	268.31	332.59	422.81	Upgrade
Net Cash (Debt)	382.33	-87.71	10.4	-240.04	-307.92	-400.92	Upgrade
Net Cash Per Share	0.43	-0.11	0.01	-0.38	-0.60	-0.79	Upgrade
Filing Date Shares Outstanding	805.49	797.55	823.65	637.7	509.6	509.6	Upgrade
Total Common Shares Outstanding	805.49	797.55	823.65	637.7	509.6	509.6	Upgrade
Working Capital	360.87	-223.28	31.38	-152.17	-130.51	-338.75	Upgrade
Book Value Per Share	1.13	0.48	0.72	0.66	0.72	0.60	Upgrade
Tangible Book Value	769.9	236.85	452.17	275.85	221.23	163.11	Upgrade
Tangible Book Value Per Share	0.96	0.30	0.55	0.43	0.43	0.32	Upgrade
Machinery	-	1,139	1,080	1,282	1,280	1,262	Upgrade
Leasehold Improvements	-	2.55	2.55	3.85	3.85	3.85	Upgrade

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