DFM:WATANIA 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	5.4	21.92	34.74	48.35	23.02
Investments in Equity & Preferred Securities	-	-	5.2	70.62	5.94
Other Investments	161.86	136.71	291.15	216.99	270.31
Total Investments	807.67	707.9	826.41	792.97	840.79
Cash & Equivalents	128.11	123.11	78.35	103.06	33.84
Reinsurance Recoverable	247.36	298.26	103.52	137.23	329.72
Other Receivables	47.84	52.94	36	87.2	203.99
Deferred Policy Acquisition Cost	-	-	-	-	22.15
Property, Plant & Equipment	10.71	14.68	15.13	15.66	15.93
Other Intangible Assets	34.93	41.41	83.07	90.55	89.14
Other Current Assets	-	-	-	-	47.51
Other Long-Term Assets	132.18	79.37	40.45	57.78	-
Total Assets	1,409	1,318	1,183	1,284	1,583
Accounts Payable	10.28	7.03	33.64	70.86	-
Accrued Expenses	-	-	-	-	31.55
Insurance & Annuity Liabilities	888.82	915.72	722.41	763.13	580.74
Unpaid Claims	-	-	-	-	257.58
Unearned Premiums	-	-	-	-	229.24
Reinsurance Payable	79.97	51.83	53.17	35.08	140.23
Current Portion of Long-Term Debt	33.33	-	12.94	20.7	13.8
Current Portion of Leases	4.38	6.07	7.56	8.9	9.1
Current Income Taxes Payable	2.42	0.02	-	-	-
Long-Term Debt	66.67	48.88	61.81	74.75	95.45
Long-Term Deferred Tax Liabilities	5.06	4.5	4.25	-	-
Other Current Liabilities	38.45	34.35	37.66	74.96	43.42
Other Long-Term Liabilities	-	-	-	-	22.18
Total Liabilities	1,147	1,088	953.33	1,066	1,431
Common Stock	260.16	260.16	260.16	260.16	150
Retained Earnings	8.73	-25.63	-30.76	-40.04	2.24
Treasury Stock	-9.99	-7.55	-	-	-
Comprehensive Income & Other	3.11	2.28	0.2	-1.66	-
Shareholders' Equity	262.02	229.26	229.59	218.46	152.24
Total Liabilities & Equity	1,409	1,318	1,183	1,284	1,583
Filing Date Shares Outstanding	250.17	252.6	260.16	260.16	150
Total Common Shares Outstanding	250.17	252.6	260.16	260.16	150
Total Debt	104.38	54.94	82.31	104.35	118.35
Net Cash (Debt)	23.73	68.17	-3.96	-1.29	-84.51
Net Cash Growth	-65.19%	-	-	-	-
Net Cash Per Share	0.09	0.26	-0.02	-0.00	-0.56
Book Value Per Share	1.05	0.91	0.88	0.84	1.01
Tangible Book Value	227.09	187.85	146.53	127.91	63.1
Tangible Book Value Per Share	0.91	0.74	0.56	0.49	0.42
Buildings	-	-	-	-	10.23
Machinery	19.38	19.37	18.8	17.64	16.1
Construction In Progress	1.5	2.4	0.91	3.43	2.26
Leasehold Improvements	7.57	7.77	6.98	1.8	1.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.