ADES Holding Company Balance Sheet

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

Millions SAR. 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	2,458	744.19	432.28	190.83	232.86
Short-Term Investments	-	102.94	-	-	-
Cash & Short-Term Investments	2,458	847.12	432.28	190.83	232.86
Cash Growth	190.21%	95.97%	126.53%	-18.05%	-0.63%
Accounts Receivable	1,691	1,383	1,234	490.36	434.31
Other Receivables	1.22	1.22	5.11	9.84	34.28
Receivables	1,692	1,384	1,239	500.2	468.59
Inventory	947.5	527.27	331.89	184.27	148.47
Prepaid Expenses	571.85	502.39	352.32	644.26	300.93
Other Current Assets	-	-	-	49.66	-
Total Current Assets	5,670	3,261	2,356	1,569	1,151
Property, Plant & Equipment	25,492	18,062	16,793	12,579	5,423
Long-Term Investments	40.32	87.27	51.52	32.42	6.92
Other Intangible Assets	6.16	3.96	0.35	0.55	1.04
Long-Term Accounts Receivable	11.98	-	-	-	105.65
Long-Term Deferred Tax Assets	-	-	-	-	3.11
Other Long-Term Assets	191.52	215.19	221.37	319.99	1.8
Total Assets	31,412	21,629	19,422	14,501	6,692
Accounts Payable	957.3	736.58	1,092	742.61	262.44
Accrued Expenses	446.78	264.83	424.5	228.17	157.54
Short-Term Debt	47.09	44.9	44.94	170.07	196.49
Current Portion of Long-Term Debt	2,243	1,286	1,135	805.19	212.3
Current Portion of Leases	222.01	163.12	44.82	106.55	18.45
Current Income Taxes Payable	144.99	82.47	30.22	10.49	30.97
Current Unearned Revenue	360.21	358.98	287.75	-	-
Other Current Liabilities	834.58	113.07	88.09	97.41	99.03
Total Current Liabilities	5,256	3,050	3,147	2,160	977.22
Long-Term Debt	17,959	10,725	9,170	9,575	3,638
Long-Term Leases	262.93	352.37	487.36	270.13	38.41
Long-Term Unearned Revenue	436.25	679.96	579.91	70.17	26.73
Pension & Post-Retirement Benefits	303.07	159.14	199.14	117.98	83.15
Long-Term Deferred Tax Liabilities	144.74	94.07	61.33	44.04	-
Other Long-Term Liabilities	236.2	29.43	0.73	4.68	5.75
Total Liabilities	24,599	15,091	13,646	12,243	4,769
Common Stock	1,129	1,129	1,129	1	-
Additional Paid-In Capital	2,890	2,890	2,890	857.09	857.09
Retained Earnings	2,785	2,447	1,722	1,302	1,050
Treasury Stock	-24.91	-28.13	-33.87	-	-
Comprehensive Income & Other	0.69	54.67	41.15	61.77	-13.13
Total Common Equity	6,780	6,493	5,748	2,222	1,894
Minority Interest	32.83	45.19	28.67	36.35	29.53
Shareholders' Equity	6,813	6,538	5,777	2,258	1,923
Total Liabilities & Equity	31,412	21,629	19,422	14,501	6,692
Total Debt	20,735	12,572	10,882	10,927	4,103
Net Cash (Debt)	-18,276	-11,725	-10,450	-10,737	-3,871
Net Cash Per Share	-16.59	-10.69	-13.87	-	-
Filing Date Shares Outstanding	1,104	1,101	1,095	-	-
Total Common Shares Outstanding	1,104	1,101	1,095	-	-
Working Capital	413.8	210.14	-791.66	-591.27	173.64
Book Value Per Share	6.14	5.90	5.25	-	-
Tangible Book Value	6,774	6,489	5,748	2,222	1,893
Tangible Book Value Per Share	6.14	5.89	5.25	-	-
Land	63.72	58.48	58.48	58.48	58.48
Buildings	37.2	34.45	20.08	-	-
Machinery	954.28	668.07	533.56	424.23	329.42
Construction In Progress	436.09	458.95	2,944	3,926	130.41
Leasehold Improvements	697.85	694.33	636.23	2.6	2.6
Order Backlog	-	-	-	27,400	6,700

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