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 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	535.77	272.13	188	414.41	230.05	304.79
Short-Term Investments	1,857	1,562	514.86	633	1,237	350.1
Trading Asset Securities	-	655.88	646.69	510.48	536.72	505.05
Cash & Short-Term Investments	2,393	2,490	1,350	1,558	2,004	1,160
Cash Growth	74.30%	84.52%	-13.37%	-22.27%	72.79%	135.02%
Accounts Receivable	1,074	683.51	666.26	697.48	701.96	592.25
Other Receivables	-	152.03	176.64	82.92	155.6	139.87
Receivables	1,074	895.82	896.64	830.62	910.91	782.01
Inventory	67.07	62.03	62.18	92.01	114.95	102.82
Prepaid Expenses	-	47.2	38.48	52.29	50.59	54.14
Other Current Assets	-	72.03	133.18	78.76	39.85	42.97
Total Current Assets	3,534	3,567	2,480	2,612	3,121	2,142
Property, Plant & Equipment	3,406	3,489	3,214	2,891	3,051	3,149
Long-Term Investments	12,018	12,017	12,152	11,713	11,101	11,119
Other Intangible Assets	9.86	8.72	4.42	13.27	15.63	90.79
Long-Term Deferred Tax Assets	8.66	7.94	3.86	-	-	-
Other Long-Term Assets	1,220	1,380	1,275	897.54	923.36	843.25
Total Assets	20,267	20,540	19,207	18,216	18,313	17,469
Accounts Payable	1,395	149.09	121.47	148.65	199.59	107.73
Accrued Expenses	-	458.29	409.7	364.35	327.43	345.19
Short-Term Debt	45.92	-	-	118.63	-	-
Current Portion of Long-Term Debt	-	51.55	174.56	299.66	757	513.31
Current Portion of Leases	118.51	135.78	63.84	79.98	81.21	93.81
Current Income Taxes Payable	-	61.89	27.88	-	-	-
Other Current Liabilities	-	648.72	204.48	179.48	227.49	329.13
Total Current Liabilities	1,560	1,505	1,002	1,191	1,593	1,389
Long-Term Debt	418.35	429.83	475.36	63.88	299.35	1,057
Long-Term Leases	113.36	134.41	61.98	46.86	139.47	62.99
Pension & Post-Retirement Benefits	137.69	134.85	122.83	117.36	115.05	110.01
Long-Term Deferred Tax Liabilities	24.3	22.4	0.13	-	-	-
Other Long-Term Liabilities	56.93	58.84	66.78	74.71	82.86	90.82
Total Liabilities	2,310	2,286	1,729	1,494	2,229	2,710
Common Stock	1,136	1,136	1,136	1,136	1,136	1,145
Retained Earnings	13,118	13,270	12,766	12,098	11,440	9,961
Treasury Stock	-	-	-	-	-	-73.52
Comprehensive Income & Other	3,702	3,847	3,573	3,447	3,466	3,687
Total Common Equity	17,957	18,253	17,475	16,681	16,042	14,720
Minority Interest	-0	0.4	2.94	41.57	42.2	40.09
Shareholders' Equity	17,957	18,254	17,478	16,723	16,084	14,760
Total Liabilities & Equity	20,267	20,540	19,207	18,216	18,313	17,469
Total Debt	696.15	751.57	775.74	609	1,277	1,727
Net Cash (Debt)	1,697	1,739	573.8	948.89	727.19	-566.83
Net Cash Growth	299.50%	203.01%	-39.53%	30.49%	-	-
Net Cash Per Share	1.49	1.53	0.51	0.84	0.64	-0.50
Filing Date Shares Outstanding	1,140	1,136	1,136	1,136	1,136	1,136
Total Common Shares Outstanding	1,140	1,136	1,136	1,136	1,136	1,136
Working Capital	1,974	2,062	1,478	1,421	1,528	752.71
Book Value Per Share	15.74	16.07	15.38	14.68	14.12	12.96
Tangible Book Value	17,947	18,245	17,470	16,668	16,026	14,629
Tangible Book Value Per Share	15.74	16.06	15.38	14.67	14.11	12.88
Buildings	-	637.46	560.14	560.91	557.44	567.12
Machinery	-	6,197	5,779	5,252	5,305	5,303
Construction In Progress	-	215.87	294.13	212.57	220.98	180.84

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