KWSE:EMIRATES Balance Sheet

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	0.56	0.53	0.43	0.41	0.27	0.25
Cash & Short-Term Investments	0.56	0.53	0.43	0.41	0.27	0.25
Cash Growth	17.60%	24.67%	3.83%	51.97%	9.97%	-47.83%
Receivables	0.12	0.12	0.11	0.1	0.32	0.3
Inventory	3.95	3.95	3.95	3.95	3.95	3.95
Total Current Assets	4.63	4.61	4.49	4.46	4.54	4.5
Property, Plant & Equipment	-	-	-	-	-	0
Long-Term Investments	4.09	4.84	2.91	2.11	7.55	2.9
Other Long-Term Assets	8.67	9.01	8.59	7.5	12.73	12.57
Total Assets	17.39	18.46	16	14.08	24.82	19.96
Accounts Payable	0.22	0.22	0.22	0.32	0.33	0.35
Current Income Taxes Payable	0.02	0.02	0.03	0.02	0	0.04
Other Current Liabilities	0.03	0.03	0.04	0.04	0.03	0.03
Total Current Liabilities	0.28	0.28	0.29	0.38	0.36	0.41
Pension & Post-Retirement Benefits	0.01	0.01	0.01	0.02	0.02	0.01
Total Liabilities	0.29	0.29	0.31	0.4	0.37	0.43
Common Stock	17.63	17.63	17.63	17.63	17.63	17.63
Retained Earnings	-0.41	-0.43	-0.62	-1.11	-1.36	-1.39
Comprehensive Income & Other	-4.49	-3.46	-5.53	-6.65	4.91	0.13
Total Common Equity	12.73	13.73	11.48	9.87	21.19	16.37
Minority Interest	4.37	4.43	4.21	3.8	3.26	3.17
Shareholders' Equity	17.1	18.16	15.69	13.68	24.45	19.54
Total Liabilities & Equity	17.39	18.46	16	14.08	24.82	19.96
Net Cash (Debt)	0.56	0.53	0.43	0.41	0.27	0.25
Net Cash Growth	17.60%	24.67%	3.83%	51.97%	9.97%	-24.59%
Net Cash Per Share	0.00	0.00	0.00	0.00	0.00	0.00
Filing Date Shares Outstanding	176.28	176.28	176.28	176.28	176.28	176.28
Total Common Shares Outstanding	176.28	176.28	176.28	176.28	176.28	176.28
Working Capital	4.35	4.33	4.19	4.09	4.19	4.08
Book Value Per Share	0.07	0.08	0.07	0.06	0.12	0.09
Tangible Book Value	12.73	13.73	11.48	9.87	21.19	16.37
Tangible Book Value Per Share	0.07	0.08	0.07	0.06	0.12	0.09