Gulf Navigation Holding PJSC (DFM:GULFNAV)

DFM:GULFNAV 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	24.45	5.2	210.06	28.27	24.68	21.89
Trading Asset Securities	0.6	0.7	100.38	-	-	-
Cash & Short-Term Investments	25.05	5.9	310.44	28.27	24.68	21.89
Cash Growth	-89.89%	-98.10%	998.08%	14.57%	12.72%	-22.92%
Accounts Receivable	16.21	14.1	15.55	7.78	8.07	17.3
Other Receivables	13.56	1.32	2.67	4.58	20.17	22.33
Receivables	29.78	15.43	18.22	12.36	28.24	39.62
Inventory	10.38	10.43	9.08	7.97	8.26	6.44
Prepaid Expenses	3.27	1.73	1.55	3.24	1.67	2.04
Other Current Assets	60.41	28.82	3.37	2.2	1.06	0.23
Total Current Assets	128.89	62.3	342.67	54.03	63.9	70.23
Property, Plant & Equipment	528.72	531.87	516.21	587.12	627.08	648.8
Goodwill	143.46	143.46	143.46	143.46	143.46	143.46
Long-Term Deferred Tax Assets	1.96	1.97	-	-	-	-
Total Assets	803.03	739.61	1,002	784.62	834.44	862.49
Accounts Payable	28.29	6.73	19.23	22.09	25.25	27.6
Accrued Expenses	11.57	10.13	12.44	40.32	18.03	14.59
Short-Term Debt	-	-	180.19	0.83	11.67	17.67
Current Portion of Long-Term Debt	38.66	20.9	25.68	109.59	56.72	270.44
Current Portion of Leases	-	-	-	-	0.19	0.49
Current Income Taxes Payable	-	-	2.37	3.81	2.67	7.67
Other Current Liabilities	242.03	247.81	71.37	29.57	79.88	70.53
Total Current Liabilities	320.54	285.58	311.29	206.2	194.41	408.98
Long-Term Debt	116.48	72.71	94.16	157.89	264.02	134.09
Long-Term Leases	-	-	-	-	-	0.13
Total Liabilities	438.11	359.3	406.7	365.3	459.6	544.54
Common Stock	837.7	837.7	837.7	1,275	1,019	1,019
Additional Paid-In Capital	-	-	35.73	8.45	-	-
Retained Earnings	-20.06	-20.53	-0.44	-659.41	-651.8	-709.91
Treasury Stock	-233.55	-243.05	-96.28	-24.05	-	-
Comprehensive Income & Other	-219.16	-193.81	-181.07	-181.07	-2.72	-2.72
Total Common Equity	364.92	380.31	595.64	419.32	364.69	306.57
Minority Interest	-	-	-	-	10.15	11.38
Shareholders' Equity	364.92	380.31	595.64	419.32	374.84	317.95
Total Liabilities & Equity	803.03	739.61	1,002	784.62	834.44	862.49
Total Debt	155.14	93.61	300.03	268.31	332.59	422.81
Net Cash (Debt)	-130.09	-87.71	10.4	-240.04	-307.92	-400.92
Net Cash Per Share	-0.16	-0.11	0.01	-0.38	-0.60	-0.79
Filing Date Shares Outstanding	796.36	797.55	823.65	637.7	509.6	509.6
Total Common Shares Outstanding	796.36	797.55	823.65	637.7	509.6	509.6
Working Capital	-191.65	-223.28	31.38	-152.17	-130.51	-338.75
Book Value Per Share	0.46	0.48	0.72	0.66	0.72	0.60
Tangible Book Value	221.45	236.85	452.17	275.85	221.23	163.11
Tangible Book Value Per Share	0.28	0.30	0.55	0.43	0.43	0.32
Machinery	-	1,139	1,080	1,282	1,280	1,262
Leasehold Improvements	-	2.55	2.55	3.85	3.85	3.85

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