Ithmaar Holding B.S.C. Balance Sheet

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

Millions USD. 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	604.58	514.96	334.53	341.65	621.22
Investment Securities	2,557	2,728	2,396	2,302	3,194
Trading Asset Securities	3.86	13.35	21.73	3.2	71.11
Total Investments	2,560	2,741	2,418	2,305	3,265
Gross Loans	3,758	3,007	2,822	2,883	3,988
Allowance for Loan Losses	-210.87	-212.19	-214.98	-312.73	-371.29
Net Loans	3,547	2,795	2,607	2,570	3,617
Property, Plant & Equipment	258.78	232.18	169.24	172.08	563.59
Goodwill	3.59	3.63	3.6	6.79	9.67
Other Intangible Assets	10.24	13.21	13.95	15.94	72.8
Investments in Real Estate	153.77	200.48	243.64	245.24	256.32
Other Receivables	191.3	97.38	88.61	153.03	249.99
Restricted Cash	46.34	43	46.41	40.29	110.41
Other Current Assets	200.18	193.02	179.89	201.33	256.86
Long-Term Deferred Tax Assets	8.34	13.57	-	4	10.49
Total Assets	7,584	6,847	6,105	6,055	9,033
Accounts Payable	233.19	282.62	170.82	294.29	444.83
Accrued Expenses	37.99	44.65	42.12	43.88	0.01
Interest Bearing Deposits	-	-	8.65	63.12	1,318
Non-Interest Bearing Deposits	2,454	1,982	1,725	1,737	1,904
Total Deposits	2,454	1,982	1,733	1,800	3,222
Current Income Taxes Payable	0.06	0.25	12.72	22.86	5.08
Other Current Liabilities	-	-	-	-	52.4
Long-Term Debt	1,109	1,719	1,190	1,076	1,164
Long-Term Leases	67.53	59.21	68.48	64.89	-
Long-Term Deferred Tax Liabilities	18.46	51.46	5.33	1.21	3.36
Other Long-Term Liabilities	3,484	2,528	2,719	2,617	3,752
Total Liabilities	7,403	6,667	5,942	5,919	8,721
Common Stock	757.69	757.69	757.69	757.69	757.69
Additional Paid-In Capital	149.09	149.09	149.09	149.09	149.09
Retained Earnings	-733.41	-734.53	-744.99	-735.68	-705.72
Treasury Stock	-30.15	-30.15	-30.15	-30.15	-30.15
Comprehensive Income & Other	-131.27	-130.68	-127.3	-136.38	-133.15
Total Common Equity	11.95	11.42	4.34	4.57	37.76
Minority Interest	169.14	169.45	157.8	131.48	274.45
Shareholders' Equity	181.08	180.87	162.14	136.05	312.21
Total Liabilities & Equity	7,584	6,847	6,105	6,055	9,033
Total Debt	1,176	1,778	1,258	1,141	1,164
Net Cash (Debt)	-567.69	-1,250	-902.21	-795.66	-408.82
Net Cash Per Share	-0.20	-0.43	-0.31	-0.27	-0.14
Filing Date Shares Outstanding	2,910	2,910	2,910	2,910	2,910
Total Common Shares Outstanding	2,910	2,910	2,910	2,910	2,910
Book Value Per Share	0.00	0.00	0.00	0.00	0.01
Tangible Book Value	-1.89	-5.43	-13.22	-18.16	-44.7
Tangible Book Value Per Share	-0.00	-0.00	-0.00	-0.01	-0.02

Source: S&P Global Market Intelligence. Banks template. Financial Sources.