Galfar Engineering & Contracting SAOG (MSM:GECP)

MSM:GECP Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	20.15	12.58	6.34	11.14	17.48	6.79
Short-Term Investments	0.71	0.68	0.64	0.67	0.24	0.25
Cash & Short-Term Investments	20.86	13.27	6.97	11.81	17.72	7.04
Cash Growth	139.05%	90.26%	-40.93%	-33.39%	151.59%	1.81%
Accounts Receivable	163.16	171.1	171.36	134.29	142.62	167.31
Other Receivables	2	2	0	0.07	0.05	-
Receivables	165.15	173.1	171.36	134.35	142.67	167.31
Inventory	28.26	25.52	27.19	19.31	13.38	14.59
Prepaid Expenses	3.55	2.75	2.97	3.95	3.21	3.18
Other Current Assets	0.09	0.06	0.23	0.21	0.09	0.17
Total Current Assets	217.92	214.69	208.72	169.63	177.07	192.29
Property, Plant & Equipment	69.21	63.53	46.09	31.13	29.83	37.03
Long-Term Investments	4.15	4.21	4.2	4.64	5.11	5.24
Other Intangible Assets	0.13	0.14	0.13	0.22	0.32	0.37
Long-Term Accounts Receivable	14.57	14.15	13.37	11.55	12.42	11.06
Total Assets	305.98	296.71	272.51	217.17	224.75	245.99
Accounts Payable	77.67	69.18	55.79	43.58	77.47	50.67
Accrued Expenses	15.69	21.2	16.14	16.16	12.95	17.85
Short-Term Debt	51.54	54.73	43.58	16.95	23.28	37.97
Current Portion of Long-Term Debt	11.14	11.66	8.21	8.16	12.39	9.05
Current Portion of Leases	0.79	0.75	0.73	1.15	0.82	0.89
Current Income Taxes Payable	0.13	0.13	0.13	0.13	1.41	1.43
Current Unearned Revenue	30.2	25.97	26.3	34.03	25.79	33.12
Other Current Liabilities	46.85	44.3	60.58	45.09	16.11	43.32
Total Current Liabilities	234	227.91	211.44	165.23	170.21	194.29
Long-Term Debt	23.62	21.08	16.01	5.97	11.56	10.82
Long-Term Leases	1.13	1.04	2.24	2.45	1.34	0.95
Long-Term Unearned Revenue	15.68	14.04	3.96	7.54	6.74	5.53
Long-Term Deferred Tax Liabilities	0.38	0.37	0.17	0.35	0.36	0.36
Total Liabilities	287.22	277.26	249.06	193.84	202.57	225.1
Common Stock	29.07	29.07	29.07	29.07	29.07	41.52
Additional Paid-In Capital	-	-	-	-	-	18.34
Retained Earnings	-10.53	-9.85	-5.99	-6.16	-7.47	-39.54
Comprehensive Income & Other	-0.54	-0.53	-0.45	-0.44	-0.31	-0.34
Total Common Equity	18	18.68	22.62	22.46	21.29	19.98
Minority Interest	0.77	0.77	0.82	0.86	0.88	0.91
Shareholders' Equity	18.76	19.45	23.45	23.33	22.18	20.89
Total Liabilities & Equity	305.98	296.71	272.51	217.17	224.75	245.99
Total Debt	88.21	89.26	70.77	34.68	49.38	59.67
Net Cash (Debt)	-67.35	-75.99	-63.8	-22.87	-31.66	-52.62
Net Cash Per Share	-0.23	-0.26	-0.22	-0.08	-0.11	-0.18
Filing Date Shares Outstanding	290.65	290.65	290.65	290.65	290.65	328.22
Total Common Shares Outstanding	290.65	290.65	290.65	290.65	290.65	328.22
Working Capital	-16.08	-13.22	-2.72	4.4	6.87	-2
Book Value Per Share	0.06	0.06	0.08	0.08	0.07	0.06
Tangible Book Value	17.87	18.54	22.49	22.25	20.98	19.61
Tangible Book Value Per Share	0.06	0.06	0.08	0.08	0.07	0.06
Land	1.56	1.56	1.56	1.28	1.28	1.28
Buildings	43.26	43.1	36.04	36.25	36.35	36.78
Machinery	202.38	197.89	191.41	181.88	184.47	63.82
Construction In Progress	4.65	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.