Galfar Engineering & Contracting SAOG (MSM:GECP)

MSM:GECP Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	12.58	6.34	11.14	17.48	6.79
Short-Term Investments	0.68	0.64	0.67	0.24	0.25
Cash & Short-Term Investments	13.27	6.97	11.81	17.72	7.04
Cash Growth	90.26%	-40.93%	-33.39%	151.59%	1.81%
Accounts Receivable	171.1	171.36	134.29	142.62	167.31
Other Receivables	2	0	0.07	0.05	-
Receivables	173.1	171.36	134.35	142.67	167.31
Inventory	25.52	27.19	19.31	13.38	14.59
Prepaid Expenses	2.75	2.97	3.95	3.21	3.18
Other Current Assets	0.06	0.23	0.21	0.09	0.17
Total Current Assets	214.69	208.72	169.63	177.07	192.29
Property, Plant & Equipment	63.53	46.09	31.13	29.83	37.03
Long-Term Investments	4.21	4.2	4.64	5.11	5.24
Other Intangible Assets	0.14	0.13	0.22	0.32	0.37
Long-Term Accounts Receivable	14.15	13.37	11.55	12.42	11.06
Total Assets	296.71	272.51	217.17	224.75	245.99
Accounts Payable	69.18	55.79	43.58	77.47	50.67
Accrued Expenses	21.2	16.14	16.16	12.95	17.85
Short-Term Debt	54.73	43.58	16.95	23.28	37.97
Current Portion of Long-Term Debt	11.66	8.21	8.16	12.39	9.05
Current Portion of Leases	0.75	0.73	1.15	0.82	0.89
Current Income Taxes Payable	0.13	0.13	0.13	1.41	1.43
Current Unearned Revenue	25.97	26.3	34.03	25.79	33.12
Other Current Liabilities	44.3	60.58	45.09	16.11	43.32
Total Current Liabilities	227.91	211.44	165.23	170.21	194.29
Long-Term Debt	21.08	16.01	5.97	11.56	10.82
Long-Term Leases	1.04	2.24	2.45	1.34	0.95
Long-Term Unearned Revenue	14.04	3.96	7.54	6.74	5.53
Long-Term Deferred Tax Liabilities	0.37	0.17	0.35	0.36	0.36
Total Liabilities	277.26	249.06	193.84	202.57	225.1
Common Stock	29.07	29.07	29.07	29.07	41.52
Additional Paid-In Capital	-	-	-	-	18.34
Retained Earnings	-9.85	-5.99	-6.16	-7.47	-39.54
Comprehensive Income & Other	-0.53	-0.45	-0.44	-0.31	-0.34
Total Common Equity	18.68	22.62	22.46	21.29	19.98
Minority Interest	0.77	0.82	0.86	0.88	0.91
Shareholders' Equity	19.45	23.45	23.33	22.18	20.89
Total Liabilities & Equity	296.71	272.51	217.17	224.75	245.99
Total Debt	89.26	70.77	34.68	49.38	59.67
Net Cash (Debt)	-75.99	-63.8	-22.87	-31.66	-52.62
Net Cash Per Share	-0.26	-0.22	-0.08	-0.11	-0.18
Filing Date Shares Outstanding	290.65	290.65	290.65	290.65	328.22
Total Common Shares Outstanding	290.65	290.65	290.65	290.65	328.22
Working Capital	-13.22	-2.72	4.4	6.87	-2
Book Value Per Share	0.06	0.08	0.08	0.07	0.06
Tangible Book Value	18.54	22.49	22.25	20.98	19.61
Tangible Book Value Per Share	0.06	0.08	0.08	0.07	0.06
Land	1.56	1.56	1.28	1.28	1.28
Buildings	43.1	36.04	36.25	36.35	36.78
Machinery	197.89	191.41	181.88	184.47	63.82
Construction In Progress	4.2	3.78	1.85	0.12	0.11
Order Backlog	970	589	517	-	-

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.