Galfar Engineering & Contracting SAOG (MSM:GECS)

MSM:GECS 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	27.36	12.58	6.34	11.14	17.48	6.79
Short-Term Investments	0.81	0.68	0.64	0.67	0.24	0.25
Cash & Short-Term Investments	28.17	13.27	6.97	11.81	17.72	7.04
Cash Growth	249.98%	90.26%	-40.93%	-33.39%	151.59%	1.81%
Accounts Receivable	161.8	171.1	171.36	134.29	142.62	167.31
Other Receivables	2	2	0	0.07	0.05	-
Receivables	163.8	173.1	171.36	134.35	142.67	167.31
Inventory	24.14	25.52	27.19	19.31	13.38	14.59
Prepaid Expenses	4.32	2.75	2.97	3.95	3.21	3.18
Other Current Assets	0.01	0.06	0.23	0.21	0.09	0.17
Total Current Assets	220.43	214.69	208.72	169.63	177.07	192.29
Property, Plant & Equipment	72.74	63.53	46.09	31.13	29.83	37.03
Long-Term Investments	4.13	4.21	4.2	4.64	5.11	5.24
Other Intangible Assets	0.12	0.14	0.13	0.22	0.32	0.37
Long-Term Accounts Receivable	18.11	14.15	13.37	11.55	12.42	11.06
Total Assets	315.53	296.71	272.51	217.17	224.75	245.99
Accounts Payable	63.45	69.18	55.79	43.58	77.47	50.67
Accrued Expenses	19.46	21.2	16.14	16.16	12.95	17.85
Short-Term Debt	45.19	54.73	43.58	16.95	23.28	37.97
Current Portion of Long-Term Debt	13.33	11.66	8.21	8.16	12.39	9.05
Current Portion of Leases	0.72	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	32.74	25.97	26.3	34.03	25.79	33.12
Other Current Liabilities	44.14	44.3	60.58	45.09	16.11	43.32
Total Current Liabilities	219.14	227.91	211.44	165.23	170.21	194.29
Long-Term Debt	25.63	21.08	16.01	5.97	11.56	10.82
Long-Term Leases	1.05	1.04	2.24	2.45	1.34	0.95
Long-Term Unearned Revenue	37.74	14.04	3.96	7.54	6.74	5.53
Long-Term Deferred Tax Liabilities	0.33	0.37	0.17	0.35	0.36	0.36
Total Liabilities	295.98	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	-9.78	-9.85	-5.99	-6.16	-7.47	-39.54
Comprehensive Income & Other	-0.5	-0.53	-0.45	-0.44	-0.31	-0.34
Total Common Equity	18.78	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	19.55	19.45	23.45	23.33	22.18	20.89
Total Liabilities & Equity	315.53	296.71	272.51	217.17	224.75	245.99
Total Debt	85.91	89.26	70.77	34.68	49.38	59.67
Net Cash (Debt)	-57.75	-75.99	-63.8	-22.87	-31.66	-52.62
Net Cash Per Share	-0.20	-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	1.29	-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	18.66	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	43.1	36.04	36.25	36.35	36.78
Machinery	207.55	197.89	191.41	181.88	184.47	63.82
Construction In Progress	5.21	4.2	3.78	1.85	0.12	0.11
Order Backlog	-	970	589	517	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.