DFM:SALAMA 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
Investments in Debt Securities	31.31	28.46	30.54	162.06	323.16
Investments in Equity & Preferred Securities	40.53	36.84	36.32	36.13	35.38
Other Investments	15.22	20.99	25.25	63.08	62.56
Total Investments	146.42	135.85	152.85	419.9	622.69
Cash & Equivalents	195.41	150.43	145.83	133.45	104.44
Reinsurance Recoverable	437.12	470.86	348.46	281.85	467.69
Other Receivables	25.83	34.83	82.07	102.25	216.03
Separate Account Assets	1,780	1,920	2,021	1,948	2,396
Property, Plant & Equipment	53.38	53.25	51.98	43.2	40.91
Goodwill	65.63	65.63	65.63	114.64	114.64
Other Intangible Assets	1.05	1.56	2.38	3.18	3.13
Restricted Cash	314.23	298.84	283.53	269.11	498.12
Other Current Assets	0.77	0.75	0.97	1.35	8.41
Long-Term Deferred Tax Assets	7.72	5.17	5.12	4.09	-
Long-Term Deferred Charges	-	-	-	-	178.16
Other Long-Term Assets	208.3	169.96	165.46	252.03	117.76
Total Assets	3,236	3,307	3,325	3,573	4,768
Accounts Payable	90.47	68.77	57.68	59.24	76.89
Accrued Expenses	32.19	26.34	22.03	25.27	124.99
Insurance & Annuity Liabilities	2,564	2,671	2,625	2,421	123.78
Unpaid Claims	-	-	-	-	574.95
Unearned Premiums	-	-	-	-	347.7
Reinsurance Payable	101.71	122.09	162.3	185.2	192.29
Current Portion of Leases	2.12	2.19	2.51	2.76	2.42
Short-Term Debt	-	-	-	-	25
Current Income Taxes Payable	23.47	22.23	16.04	6.15	18.74
Long-Term Leases	3.89	4.01	2.19	6.07	2.22
Long-Term Deferred Tax Liabilities	0.24	4.09	0.12	0.1	-
Separate Account Liability	-	-	-	-	2,395
Other Current Liabilities	57.98	51.43	51.68	34.31	-
Other Long-Term Liabilities	-	-	17.14	16.69	40.94
Total Liabilities	2,876	2,973	2,956	2,757	3,925
Common Stock	483.02	939.59	939.59	1,210	1,210
Retained Earnings	-9.42	-432.35	-444.06	-264.52	-268.65
Treasury Stock	-	-35.97	-35.97	-35.97	-35.97
Comprehensive Income & Other	-173.57	-187.22	-160.05	-163.45	-137.89
Total Common Equity	300.04	284.05	299.51	746.06	767.49
Minority Interest	59.99	50.33	69.24	70.21	75.68
Shareholders' Equity	360.02	334.38	368.74	816.27	843.17
Total Liabilities & Equity	3,236	3,307	3,325	3,573	4,768
Filing Date Shares Outstanding	483.02	483.02	483.02	483.03	483.03
Total Common Shares Outstanding	483.02	483.02	483.02	483.03	483.03
Total Debt	6.01	6.2	4.7	8.82	29.64
Net Cash (Debt)	189.41	144.22	141.14	124.62	74.8
Net Cash Growth	31.33%	2.19%	13.25%	66.61%	-1.00%
Net Cash Per Share	0.39	0.30	0.27	0.26	0.15
Book Value Per Share	0.62	0.59	0.62	1.54	1.59
Tangible Book Value	233.35	216.86	231.49	628.24	649.72
Tangible Book Value Per Share	0.48	0.45	0.48	1.30	1.35
Land	11.24	10.74	10.81	8.78	8.71
Buildings	33.59	32.05	32.28	23.22	23.67
Machinery	27.69	26.16	24.92	24.04	25.56
Construction In Progress	1.58	0.44	0.44	1.37	0.59

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