Middle East Specialized Cables Company (TADAWUL:2370)

TADAWUL:2370 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	55.38	39.54	19.28	20.98	43.5	68.03
Cash & Short-Term Investments	55.38	39.54	19.28	20.98	43.5	68.03
Cash Growth	122.69%	105.13%	-8.12%	-51.77%	-36.06%	37.83%
Accounts Receivable	815.46	587.99	457.54	386.1	339.72	275.05
Other Receivables	0.5	0.3	0.07	-	1.45	1.45
Receivables	815.96	588.29	457.61	386.1	341.17	276.5
Inventory	426.3	340.94	260.95	207.39	205.69	134.27
Other Current Assets	-	10.79	-	6.49	6.49	6.77
Total Current Assets	1,298	979.56	737.84	620.96	596.84	485.57
Property, Plant & Equipment	143.64	139.19	138.54	133.44	138.78	153.01
Other Intangible Assets	9.4	8.92	4.99	3.2	3.35	3.62
Long-Term Accounts Receivable	58.18	47.2	40.81	13.53	29.1	23.95
Other Long-Term Assets	5.81	5.96	6.28	-	-	-
Total Assets	1,515	1,181	928.46	771.13	768.08	666.15

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	582.48	298.07	209.72	209.07	197.4	132.8
Accrued Expenses	-	65.15	52.31	45.96	36.28	29.9
Short-Term Debt	257.28	124.48	85.69	8.97	61.2	-
Current Portion of Long-Term Debt	11.24	11.24	-	-	37.64	37.64
Current Portion of Leases	1.27	1.35	0.94	0.7	0.9	0.87
Current Income Taxes Payable	16.04	27.51	31.69	28.13	47.16	27.23
Other Current Liabilities	5.43	39.92	41.78	50.23	30.33	32.71
Total Current Liabilities	873.74	567.73	422.12	343.05	410.91	261.15
Long-Term Debt	36.04	40.29	-	-	-	37.64
Long-Term Leases	8.99	6.31	5.73	6.44	6.8	7.25
Pension & Post-Retirement Benefits	30.39	27.01	27.77	22.56	22.07	21.75
Long-Term Deferred Tax Liabilities	-	0.68	-	-	-	-
Other Long-Term Liabilities	-	-	8.58	21.44	-	-
Total Liabilities	949.17	642.03	464.2	393.5	439.78	327.78

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	400	400	400	400	400	400
Retained Earnings	168.37	127.53	65.87	-25.13	-74.07	-62.28
Comprehensive Income & Other	-2.51	11.27	-1.61	2.77	2.36	0.65
Total Common Equity	565.86	538.8	464.25	377.64	328.3	338.37
Shareholders' Equity	565.86	538.8	464.25	377.64	328.3	338.37
Total Liabilities & Equity	1,515	1,181	928.46	771.13	768.08	666.15

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	314.83	183.69	92.36	16.11	106.54	83.4
Net Cash (Debt)	-259.45	-144.14	-73.08	4.87	-63.04	-15.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.49	-3.60	-1.83	0.12	-1.58	-0.38
Filing Date Shares Outstanding	40	40	40	40	40	40
Total Common Shares Outstanding	40	40	40	40	40	40
Working Capital	423.9	411.82	315.72	277.91	185.93	224.42
Book Value Per Share	14.15	13.47	11.61	9.44	8.21	8.46
Tangible Book Value	556.46	529.88	459.26	374.43	324.95	334.75
Tangible Book Value Per Share	13.91	13.25	11.48	9.36	8.12	8.37
Land	-	6.1	6.1	8.46	8.46	8.46
Buildings	-	137.91	137.13	135.6	134.1	133.6
Machinery	-	425.28	404.85	387.48	382.32	379.15
Construction In Progress	-	17.87	19.59	11.95	6.54	7.66

Data Source: S&P Global Market Intelligence Last updated: Aug 17, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

Data Sources Report a data error