Qatar Navigation 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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	343.14	188	414.41	230.05	304.79	306.25
Short-Term Investments	1,078	514.86	633	1,237	350.1	70.7
Trading Asset Securities	652.79	646.69	510.48	536.72	505.05	116.6
Cash & Short-Term Investments	2,074	1,350	1,558	2,004	1,160	493.56
Cash Growth	55.64%	-13.37%	-22.27%	72.79%	135.02%	22.83%
Accounts Receivable	988.15	666.26	697.48	701.96	592.25	445.1
Other Receivables	-	180.49	82.92	155.6	139.87	143.57
Receivables	988.15	900.5	830.62	910.91	782.01	1,034
Inventory	62.86	62.18	92.01	114.95	102.82	77.62
Prepaid Expenses	-	38.48	52.29	50.59	54.14	56.7
Other Current Assets	-	133.18	78.76	39.85	42.97	66.67
Total Current Assets	3,125	2,484	2,612	3,121	2,142	1,728
Property, Plant & Equipment	3,443	3,214	2,891	3,051	3,149	3,478
Long-Term Investments	12,383	12,027	11,713	11,101	11,119	10,668
Goodwill	-	-	-	-	-	7.29
Other Intangible Assets	3.18	4.42	13.27	15.63	90.79	144.3
Other Long-Term Assets	1,222	1,400	897.54	923.36	843.25	861.95
Total Assets	20,260	19,207	18,216	18,313	17,469	17,012
Accounts Payable	1,284	121.47	148.65	199.59	107.73	116.96
Accrued Expenses	-	409.7	364.35	327.43	345.19	248.13
Short-Term Debt	-	32.5	118.63	-	-	-
Current Portion of Long-Term Debt	109.78	142.06	299.66	757	513.31	785.57
Current Portion of Leases	106.68	63.84	79.98	81.21	93.81	91.47
Other Current Liabilities	-	232.48	179.48	227.49	329.13	241.63
Total Current Liabilities	1,501	1,002	1,191	1,593	1,389	1,484
Long-Term Debt	441.32	475.36	63.88	299.35	1,057	1,403
Long-Term Leases	83.51	61.98	46.86	139.47	62.99	153.63
Pension & Post-Retirement Benefits	131.55	122.83	117.36	115.05	110.01	114.17
Other Long-Term Liabilities	60.85	66.78	74.71	82.86	90.82	98.95
Total Liabilities	2,241	1,729	1,494	2,229	2,710	3,254
Common Stock	1,136	1,136	1,136	1,136	1,145	1,145
Retained Earnings	13,361	12,766	12,098	11,440	9,961	9,360
Treasury Stock	-	-	-	-	-73.52	-73.52
Comprehensive Income & Other	3,520	3,573	3,447	3,466	3,687	3,272
Total Common Equity	18,017	17,475	16,681	16,042	14,720	13,703
Minority Interest	0.82	2.94	41.57	42.2	40.09	55.09
Shareholders' Equity	18,018	17,478	16,723	16,084	14,760	13,758
Total Liabilities & Equity	20,260	19,207	18,216	18,313	17,469	17,012
Total Debt	741.29	775.74	609	1,277	1,727	2,434
Net Cash (Debt)	1,333	573.8	948.89	727.19	-566.83	-1,940
Net Cash Growth	125.02%	-39.53%	30.49%	-	-	-
Net Cash Per Share	1.17	0.51	0.84	0.64	-0.50	-1.71
Filing Date Shares Outstanding	1,136	1,136	1,136	1,136	1,136	1,136
Total Common Shares Outstanding	1,136	1,136	1,136	1,136	1,136	1,136
Working Capital	1,624	1,482	1,421	1,528	752.71	244.43
Book Value Per Share	15.86	15.38	14.68	14.12	12.96	12.06
Tangible Book Value	18,014	17,470	16,668	16,026	14,629	13,552
Tangible Book Value Per Share	15.86	15.38	14.67	14.11	12.88	11.93
Land	-	-	-	-	-	0.39
Buildings	-	560.14	560.91	557.44	567.12	595.07
Machinery	-	5,779	5,252	5,305	5,303	5,217
Construction In Progress	-	294.13	212.57	220.98	180.84	216.8

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.