DFM:UPP 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	494.25	181.21	78.31	61.4	65.8
Trading Asset Securities	0.46	0.97	0.7	0.7	0.76
Cash & Short-Term Investments	494.71	182.18	79	62.1	66.55
Cash Growth	171.55%	130.59%	27.23%	-6.70%	-19.50%
Accounts Receivable	851.54	603.69	360.95	236.87	252.06
Other Receivables	157.14	99.72	61.98	52.37	65.55
Receivables	1,009	703.41	422.93	289.23	317.61
Inventory	6.18	4.76	5.85	4.4	4.73
Prepaid Expenses	113.11	20.51	17.96	19.46	19.17
Other Current Assets	6.81	546.57	935.46	116.68	123.63
Total Current Assets	1,629	1,457	1,461	491.87	531.69
Property, Plant & Equipment	489.61	470.02	317.77	321.55	334.33
Long-Term Investments	6.88	9.14	19.91	79.33	84.41
Goodwill	66.84	-	-	-	-
Other Intangible Assets	37.76	-	-	-	-
Long-Term Accounts Receivable	7.77	28.23	11.58	11.83	4.3
Long-Term Deferred Tax Assets	5.39	-	-	-	-
Other Long-Term Assets	2,556	2,451	2,969	3,174	3,268
Total Assets	4,800	4,416	4,780	4,078	4,223
Accounts Payable	165.87	208.73	207.01	84.21	113.3
Accrued Expenses	247.3	174.33	155.51	33.51	39.29
Short-Term Debt	27.54	26.1	41.59	50.81	113.67
Current Portion of Long-Term Debt	66.05	398.67	986.93	481.13	569.41
Current Portion of Leases	3.85	2.07	2.25	2.62	4.45
Current Income Taxes Payable	30.12	12.32	-	-	-
Current Unearned Revenue	209.12	42.32	12.45	52.82	50.19
Other Current Liabilities	48.65	27.03	74.52	1,025	1,041
Total Current Liabilities	798.5	891.58	1,480	1,730	1,931
Long-Term Debt	231.68	176.36	220.94	341.37	309.25
Long-Term Leases	13.01	12.67	8.98	10.5	17.81
Long-Term Unearned Revenue	-	-	-	8.12	8.12
Pension & Post-Retirement Benefits	52.68	32.13	30.6	30.63	29.14
Long-Term Deferred Tax Liabilities	50.63	28.07	-	-	-
Other Long-Term Liabilities	-	84	244	-	-
Total Liabilities	1,147	1,225	1,985	2,121	2,296
Common Stock	2,858	4,290	4,290	4,290	4,290
Retained Earnings	462.46	-1,432	-1,707	-2,545	-2,575
Comprehensive Income & Other	332.86	332.86	212.69	212.69	212.69
Shareholders' Equity	3,653	3,191	2,795	1,957	1,927
Total Liabilities & Equity	4,800	4,416	4,780	4,078	4,223
Total Debt	342.14	615.87	1,261	886.43	1,015
Net Cash (Debt)	152.57	-433.69	-1,182	-824.34	-948.04
Net Cash Per Share	0.04	-0.10	-0.28	-0.19	-0.22
Filing Date Shares Outstanding	4,290	4,290	4,290	4,290	4,290
Total Common Shares Outstanding	4,290	4,290	4,290	4,290	4,290
Working Capital	830.98	565.84	-19.06	-1,239	-1,400
Book Value Per Share	0.85	0.74	0.65	0.46	0.45
Tangible Book Value	3,549	3,191	2,795	1,957	1,927
Tangible Book Value Per Share	0.83	0.74	0.65	0.46	0.45
Land	373.9	373.9	241.84	251.98	251.98
Buildings	102.93	101.39	103.01	108.66	108.17
Machinery	149.81	140.54	163.67	170.56	177.43
Construction In Progress	29.02	3.28	3.13	2.8	1.58

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