ADES Holding Company Balance Sheet

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

Millions SAR. 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	2,436	2,458	744.19	432.28	190.83	232.86
Short-Term Investments	-	-	102.94	-	-	-
Cash & Short-Term Investments	2,436	2,458	847.12	432.28	190.83	232.86
Cash Growth	517.60%	190.21%	95.97%	126.53%	-18.05%	-0.63%
Accounts Receivable	1,725	1,691	1,383	1,234	490.36	434.31
Other Receivables	1.22	1.22	1.22	5.11	9.84	34.28
Receivables	1,726	1,692	1,384	1,239	500.2	468.59
Inventory	967.3	947.5	527.27	331.89	184.27	148.47
Prepaid Expenses	614.85	571.85	502.39	352.32	644.26	300.93
Other Current Assets	-	-	-	-	49.66	-
Total Current Assets	5,744	5,670	3,261	2,356	1,569	1,151
Property, Plant & Equipment	25,633	25,492	18,062	16,793	12,579	5,423
Long-Term Investments	59.98	40.32	87.27	51.52	32.42	6.92
Other Intangible Assets	6.1	6.16	3.96	0.35	0.55	1.04
Long-Term Accounts Receivable	12.62	11.98	-	-	-	105.65
Long-Term Deferred Tax Assets	-	-	-	-	-	3.11
Other Long-Term Assets	190.54	191.52	215.19	221.37	319.99	1.8
Total Assets	31,646	31,412	21,629	19,422	14,501	6,692
Accounts Payable	2,218	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	43.58	47.09	44.9	44.94	170.07	196.49
Current Portion of Long-Term Debt	2,246	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	170.74	144.99	82.47	30.22	10.49	30.97
Current Unearned Revenue	329.87	360.21	358.98	287.75	-	-
Other Current Liabilities	588.57	834.58	113.07	88.09	97.41	99.03
Total Current Liabilities	5,596	5,256	3,050	3,147	2,160	977.22
Long-Term Debt	17,727	17,959	10,725	9,170	9,575	3,638
Long-Term Leases	472.11	262.93	352.37	487.36	270.13	38.41
Long-Term Unearned Revenue	365.14	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	150.03	144.74	94.07	61.33	44.04	-
Other Long-Term Liabilities	530.71	236.2	29.43	0.73	4.68	5.75
Total Liabilities	24,841	24,599	15,091	13,646	12,243	4,769
Common Stock	1,129	1,129	1,129	1,129	1	-
Additional Paid-In Capital	2,890	2,890	2,890	2,890	857.09	857.09
Retained Earnings	2,756	2,785	2,447	1,722	1,302	1,050
Treasury Stock	-24.91	-24.91	-28.13	-33.87	-	-
Comprehensive Income & Other	17.13	0.69	54.67	41.15	61.77	-13.13
Total Common Equity	6,768	6,780	6,493	5,748	2,222	1,894
Minority Interest	37.24	32.83	45.19	28.67	36.35	29.53
Shareholders' Equity	6,805	6,813	6,538	5,777	2,258	1,923
Total Liabilities & Equity	31,646	31,412	21,629	19,422	14,501	6,692
Total Debt	20,488	20,735	12,572	10,882	10,927	4,103
Net Cash (Debt)	-18,052	-18,276	-11,725	-10,450	-10,737	-3,871
Net Cash Per Share	-16.38	-16.59	-10.69	-13.87	-	-
Filing Date Shares Outstanding	1,104	1,104	1,101	1,095	-	-
Total Common Shares Outstanding	1,104	1,104	1,101	1,095	-	-
Working Capital	147.35	413.8	210.14	-791.66	-591.27	173.64
Book Value Per Share	6.13	6.14	5.90	5.25	-	-
Tangible Book Value	6,762	6,774	6,489	5,748	2,222	1,893
Tangible Book Value Per Share	6.12	6.14	5.89	5.25	-	-
Land	63.72	63.72	58.48	58.48	58.48	58.48
Buildings	37.2	37.2	34.45	20.08	-	-
Machinery	999.02	954.28	668.07	533.56	424.23	329.42
Construction In Progress	490.67	436.09	458.95	2,944	3,926	130.41
Leasehold Improvements	698.76	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.