Baladna Q.P.S.C. Balance Sheet

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

Millions QAR. 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
Cash & Equivalents	374.79	27.62	59.71	62.37	52.26
Cash & Short-Term Investments	374.79	27.62	59.71	62.37	52.26
Cash Growth	1256.77%	-53.74%	-4.26%	19.35%	322.28%
Accounts Receivable	151.2	128.29	178.71	134.91	90.13
Other Receivables	96.35	115.04	125.49	119.41	127.36
Receivables	247.55	243.33	304.2	254.32	217.49
Inventory	400.49	430.06	400.33	442.97	271.94
Prepaid Expenses	90.92	150.36	127.33	35.47	28.88
Other Current Assets	27.68	35.39	59.04	49.7	46.87
Total Current Assets	1,141	886.76	950.61	844.84	617.43
Property, Plant & Equipment	3,585	3,476	3,507	3,369	3,145
Long-Term Investments	994.48	523.69	371.84	218.12	144.06
Goodwill	6.79	6.79	6.79	-	-
Other Intangible Assets	4.91	7.95	7.49	6.41	5.75
Other Long-Term Assets	376.11	-	-	-	-
Total Assets	6,108	4,901	4,844	4,438	3,912
Accounts Payable	88.11	111.63	174.77	145.72	110.27
Accrued Expenses	86.75	76.46	68.81	63.19	55.16
Short-Term Debt	355.94	260.35	184.55	187.7	125.36
Current Portion of Long-Term Debt	173.42	211.15	176.31	86.13	78
Current Portion of Leases	0.08	0.08	10.12	15.19	14.02
Current Income Taxes Payable	1.8	1.46	-	-	-
Other Current Liabilities	33.3	27.96	22.07	35.06	26.19
Total Current Liabilities	739.41	689.1	636.63	532.99	409
Long-Term Debt	1,939	1,708	1,721	1,634	1,193
Long-Term Leases	87.25	78.04	111.94	8.81	28.4
Pension & Post-Retirement Benefits	22.24	19.06	16	13.59	10.58
Total Liabilities	2,788	2,494	2,485	2,190	1,641
Common Stock	2,144	1,901	1,901	1,901	1,901
Retained Earnings	585.17	301.91	253.64	146.75	168.91
Comprehensive Income & Other	200.92	201.12	201.12	201.12	201.12
Total Common Equity	2,930	2,404	2,356	2,249	2,271
Minority Interest	390.29	3.01	2.36	-	-
Shareholders' Equity	3,320	2,407	2,358	2,249	2,271
Total Liabilities & Equity	6,108	4,901	4,844	4,438	3,912
Total Debt	2,556	2,257	2,204	1,932	1,439
Net Cash (Debt)	-2,181	-2,230	-2,144	-1,870	-1,387
Net Cash Per Share	-1.02	-1.04	-1.00	-0.87	-0.65
Filing Date Shares Outstanding	2,144	2,144	2,144	2,144	2,144
Total Common Shares Outstanding	2,144	2,144	2,144	2,144	2,144
Working Capital	402.02	197.66	313.98	311.85	208.42
Book Value Per Share	1.37	1.12	1.10	1.05	1.06
Tangible Book Value	2,918	2,389	2,341	2,242	2,265
Tangible Book Value Per Share	1.36	1.11	1.09	1.05	1.06
Land	55.2	55.2	55.2	55.2	55.2
Buildings	2,255	1,991	1,974	1,936	1,853
Machinery	1,407	1,197	1,177	1,164	1,078
Construction In Progress	425.19	668.45	592.78	455.75	280.39

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