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	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	245.01	374.79	27.62	59.71	62.37	52.26
Cash & Short-Term Investments	245.01	374.79	27.62	59.71	62.37	52.26
Cash Growth	657.42%	1256.77%	-53.74%	-4.26%	19.35%	322.28%
Accounts Receivable	334.88	151.2	128.29	178.71	134.91	90.13
Other Receivables	24.46	96.35	115.04	125.49	119.41	127.36
Receivables	359.34	247.55	243.33	304.2	254.32	217.49
Inventory	423.69	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	0.29	27.68	35.39	59.04	49.7	46.87
Total Current Assets	1,028	1,141	886.76	950.61	844.84	617.43
Property, Plant & Equipment	3,616	3,585	3,476	3,507	3,369	3,145
Long-Term Investments	994.48	994.48	523.69	371.84	218.12	144.06
Goodwill	6.79	6.79	6.79	6.79	-	-
Other Intangible Assets	5.33	4.91	7.95	7.49	6.41	5.75
Other Long-Term Assets	620.04	376.11	-	-	-	-
Total Assets	6,271	6,108	4,901	4,844	4,438	3,912
Accounts Payable	207.42	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	90.06	355.94	260.35	184.55	187.7	125.36
Current Portion of Long-Term Debt	373.94	173.42	211.15	176.31	86.13	78
Current Portion of Leases	0.08	0.08	0.08	10.12	15.19	14.02
Current Income Taxes Payable	-	1.8	1.46	-	-	-
Other Current Liabilities	6.31	33.3	27.96	22.07	35.06	26.19
Total Current Liabilities	677.81	739.41	689.1	636.63	532.99	409
Long-Term Debt	2,100	1,939	1,708	1,721	1,634	1,193
Long-Term Leases	87.72	87.25	78.04	111.94	8.81	28.4
Pension & Post-Retirement Benefits	22.96	22.24	19.06	16	13.59	10.58
Total Liabilities	2,889	2,788	2,494	2,485	2,190	1,641
Common Stock	2,144	2,144	1,901	1,901	1,901	1,901
Retained Earnings	646.66	585.17	301.91	253.64	146.75	168.91
Comprehensive Income & Other	200.92	200.92	201.12	201.12	201.12	201.12
Total Common Equity	2,992	2,930	2,404	2,356	2,249	2,271
Minority Interest	390.06	390.29	3.01	2.36	-	-
Shareholders' Equity	3,382	3,320	2,407	2,358	2,249	2,271
Total Liabilities & Equity	6,271	6,108	4,901	4,844	4,438	3,912
Total Debt	2,652	2,556	2,257	2,204	1,932	1,439
Net Cash (Debt)	-2,407	-2,181	-2,230	-2,144	-1,870	-1,387
Net Cash Per Share	-1.13	-1.02	-1.04	-1.00	-0.87	-0.65
Filing Date Shares Outstanding	2,121	2,144	2,144	2,144	2,144	2,144
Total Common Shares Outstanding	2,121	2,144	2,144	2,144	2,144	2,144
Working Capital	350.51	402.02	197.66	313.98	311.85	208.42
Book Value Per Share	1.41	1.37	1.12	1.10	1.05	1.06
Tangible Book Value	2,979	2,918	2,389	2,341	2,242	2,265
Tangible Book Value Per Share	1.41	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

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