DFM:WATANIA Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	13.11	21.92	34.74	48.35	23.02	23.11
Investments in Equity & Preferred Securities	-	-	5.2	70.62	5.94	5.94
Other Investments	206.81	198.61	291.15	216.99	270.31	387.07
Total Investments	824.92	769.8	826.41	792.97	840.79	882.08
Cash & Equivalents	67.55	123.11	78.35	103.06	33.84	132.3
Reinsurance Recoverable	283.61	298.26	103.52	137.23	329.72	277.17
Other Receivables	49.51	24.03	36	87.2	203.99	192.34
Deferred Policy Acquisition Cost	-	-	-	-	22.15	12.99
Property, Plant & Equipment	11.84	14.68	15.13	15.66	15.93	21.81
Other Intangible Assets	38.52	76.64	83.07	90.55	89.14	93.12
Other Current Assets	-	-	-	-	47.51	50.72
Other Long-Term Assets	127.8	17.47	40.45	57.78	-	-
Total Assets	1,404	1,324	1,183	1,284	1,583	1,663
Accounts Payable	3.55	7.03	33.64	70.86	-	-
Accrued Expenses	-	-	-	-	31.55	36.56
Insurance & Annuity Liabilities	918.75	895.58	722.41	763.13	580.74	541.23
Unpaid Claims	-	-	-	-	257.58	298.1
Unearned Premiums	-	-	-	-	229.24	214.51
Reinsurance Payable	67.01	51.83	53.17	35.08	140.23	106.35
Current Portion of Long-Term Debt	-	-	12.94	20.7	13.8	-
Current Portion of Leases	5.13	6.07	7.56	8.9	9.1	-
Short-Term Debt	-	-	-	-	-	100
Current Income Taxes Payable	1.13	0.02	-	-	-	-
Long-Term Debt	100	48.88	61.81	74.75	95.45	114.86
Long-Term Leases	-	-	-	-	-	12.46
Long-Term Deferred Tax Liabilities	5.15	5.06	4.25	-	-	-
Other Current Liabilities	35.74	53.29	37.66	74.96	43.42	-
Other Long-Term Liabilities	-	-	-	-	22.18	82.92
Total Liabilities	1,157	1,088	953.33	1,066	1,431	1,517
Common Stock	260.16	260.16	260.16	260.16	150	150
Retained Earnings	-5.69	-18.68	-30.76	-40.04	2.24	-4.56
Treasury Stock	-11.17	-7.55	-	-	-	-
Comprehensive Income & Other	3.42	2.28	0.2	-1.66	-	-
Shareholders' Equity	246.71	236.2	229.59	218.46	152.24	145.44
Total Liabilities & Equity	1,404	1,324	1,183	1,284	1,583	1,663
Filing Date Shares Outstanding	248.98	252.6	260.16	260.16	150	150
Total Common Shares Outstanding	248.98	252.6	260.16	260.16	150	150
Total Debt	105.13	54.94	82.31	104.35	118.35	227.31
Net Cash (Debt)	-37.58	68.17	-3.96	-1.29	-84.51	-95.01
Net Cash Per Share	-0.14	0.26	-0.02	-0.00	-0.56	-0.63
Book Value Per Share	0.99	0.94	0.88	0.84	1.01	0.97
Tangible Book Value	208.19	159.57	146.53	127.91	63.1	52.32
Tangible Book Value Per Share	0.84	0.63	0.56	0.49	0.42	0.35
Buildings	-	-	-	-	10.23	10.23
Machinery	-	19.37	18.8	17.64	16.1	15.4
Construction In Progress	-	2.4	0.91	3.43	2.26	4.21
Leasehold Improvements	-	7.77	6.98	1.8	1.8	1.79

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