DFM:UPP Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	438.11	494.25	181.21	78.31	61.4	65.8
Trading Asset Securities	0.38	0.46	0.97	0.7	0.7	0.76
Cash & Short-Term Investments	438.49	494.71	182.18	79	62.1	66.55
Cash Growth	252.02%	171.55%	130.59%	27.23%	-6.70%	-19.50%
Accounts Receivable	456.31	851.54	603.69	360.95	236.87	252.06
Other Receivables	142.67	157.14	99.72	61.98	52.37	65.55
Receivables	598.98	1,009	703.41	422.93	289.23	317.61
Inventory	7.54	6.18	4.76	5.85	4.4	4.73
Prepaid Expenses	102.96	113.11	20.51	17.96	19.46	19.17
Other Current Assets	609.18	6.81	546.57	935.46	116.68	123.63
Total Current Assets	1,757	1,629	1,457	1,461	491.87	531.69
Property, Plant & Equipment	531.2	489.61	470.02	317.77	321.55	334.33
Long-Term Investments	2.15	6.88	9.14	19.91	79.33	84.41
Goodwill	66.84	66.84	-	-	-	-
Other Intangible Assets	33.39	37.76	-	-	-	-
Long-Term Accounts Receivable	9.1	7.77	28.23	11.58	11.83	4.3
Long-Term Deferred Tax Assets	5.4	5.39	-	-	-	-
Other Long-Term Assets	2,183	2,556	2,451	2,969	3,174	3,268
Total Assets	4,588	4,800	4,416	4,780	4,078	4,223

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	82.56	165.87	208.73	207.01	84.21	113.3
Accrued Expenses	227.2	247.3	174.33	155.51	33.51	39.29
Short-Term Debt	26.88	27.54	26.1	41.59	50.81	113.67
Current Portion of Long-Term Debt	65.82	66.05	398.67	986.93	481.13	569.41
Current Portion of Leases	3.76	3.85	2.07	2.25	2.62	4.45
Current Income Taxes Payable	32.25	30.12	12.32	-	-	-
Current Unearned Revenue	225.34	209.12	42.32	12.45	52.82	50.19
Other Current Liabilities	49.1	48.65	27.03	74.52	1,025	1,041
Total Current Liabilities	712.9	798.5	891.58	1,480	1,730	1,931
Long-Term Debt	212.84	231.68	176.36	220.94	341.37	309.25
Long-Term Leases	11.09	13.01	12.67	8.98	10.5	17.81
Long-Term Unearned Revenue	-	-	-	-	8.12	8.12
Pension & Post-Retirement Benefits	57.65	52.68	32.13	30.6	30.63	29.14
Long-Term Deferred Tax Liabilities	50.7	50.63	28.07	-	-	-
Other Long-Term Liabilities	-	-	84	244	-	-
Total Liabilities	1,045	1,147	1,225	1,985	2,121	2,296

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	2,858	2,858	4,290	4,290	4,290	4,290
Retained Earnings	352.27	462.46	-1,432	-1,707	-2,545	-2,575
Comprehensive Income & Other	332.86	332.86	332.86	212.69	212.69	212.69
Shareholders' Equity	3,543	3,653	3,191	2,795	1,957	1,927
Total Liabilities & Equity	4,588	4,800	4,416	4,780	4,078	4,223

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	320.39	342.14	615.87	1,261	886.43	1,015
Net Cash (Debt)	118.1	152.57	-433.69	-1,182	-824.34	-948.04
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.03	0.04	-0.10	-0.28	-0.19	-0.22
Filing Date Shares Outstanding	4,290	4,290	4,290	4,290	4,290	4,290
Total Common Shares Outstanding	4,290	4,290	4,290	4,290	4,290	4,290
Working Capital	1,044	830.98	565.84	-19.06	-1,239	-1,400
Book Value Per Share	0.83	0.85	0.74	0.65	0.46	0.45
Tangible Book Value	3,443	3,549	3,191	2,795	1,957	1,927
Tangible Book Value Per Share	0.80	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