Etihad Etisalat Company Balance Sheet

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

Millions SAR. 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	1,935	1,400	1,641	827.73	1,051	929.5
Short-Term Investments	1,171	1,786	2,128	2,014	1,000	300
Cash & Short-Term Investments	3,106	3,186	3,769	2,841	2,051	1,229
Cash Growth	11.93%	-15.47%	32.66%	38.55%	66.79%	-41.19%
Receivables	5,471	5,040	4,482	4,338	5,232	4,493
Inventory	134.82	212.99	150.76	109.05	107.73	73.33
Prepaid Expenses	-	58.53	69.49	46.06	39.99	41.31
Other Current Assets	810.03	998.33	1,103	791.3	654.31	639.67
Total Current Assets	9,692	9,496	9,574	8,125	8,085	6,476
Property, Plant & Equipment	21,693	18,851	19,012	22,211	23,110	23,642
Long-Term Investments	118.79	52.42	11.15	9.47	38.41	7.1
Goodwill	-	1,467	1,467	1,467	1,467	1,467
Other Intangible Assets	8,390	8,250	8,579	6,141	6,444	6,773
Long-Term Accounts Receivable	74.17	89.96	103.4	80.13	71.01	-
Long-Term Deferred Charges	4.35	4.28	28.67	29.16	116.93	-
Other Long-Term Assets	21.17	304.72	116.11	115.81	32.33	43.04
Total Assets	39,994	38,515	38,891	38,178	39,364	38,408
Accounts Payable	3,087	1,783	1,731	1,564	3,030	2,869
Accrued Expenses	3,634	3,282	3,078	2,873	2,561	1,714
Current Portion of Long-Term Debt	496.66	459.59	1,611	1,313	1,211	1,349
Current Portion of Leases	1,305	1,213	1,179	1,010	927.51	769.1
Current Income Taxes Payable	102.71	117.01	187.01	152.56	127.21	73.62
Current Unearned Revenue	868.25	831.15	785.83	694.96	737.61	1,086
Other Current Liabilities	768.21	2,726	2,699	2,457	2,488	3,123
Total Current Liabilities	10,262	10,412	11,271	10,065	11,083	10,985
Long-Term Debt	5,343	5,725	6,700	8,310	9,624	10,134
Long-Term Leases	2,202	2,062	2,045	2,211	2,193	1,836
Long-Term Unearned Revenue	349.06	321.51	280.65	280.52	216.56	103.14
Pension & Post-Retirement Benefits	659.37	601.5	554.39	501.8	513.05	484.76
Other Long-Term Liabilities	1,893	517.99	418.16	450.97	538.68	420.34
Total Liabilities	20,709	19,640	21,268	21,820	24,168	23,963
Common Stock	7,700	7,700	7,700	7,700	7,700	7,700
Retained Earnings	11,773	11,198	9,896	8,568	7,533	6,855
Comprehensive Income & Other	-27.92	-22.67	26.31	90.08	-36.99	-109.46
Total Common Equity	19,285	18,875	17,623	16,359	15,196	14,445
Shareholders' Equity	19,285	18,875	17,623	16,359	15,196	14,445
Total Liabilities & Equity	39,994	38,515	38,891	38,178	39,364	38,408
Total Debt	9,347	9,460	11,534	12,845	13,955	14,089
Net Cash (Debt)	-6,240	-6,274	-7,765	-10,004	-11,904	-12,859
Net Cash Per Share	-8.10	-8.15	-10.08	-12.99	-15.46	-16.70
Filing Date Shares Outstanding	770	770	770	770	770	770
Total Common Shares Outstanding	770	770	770	770	770	770
Working Capital	-569.29	-915.47	-1,697	-1,939	-2,998	-4,508
Book Value Per Share	25.05	24.51	22.89	21.24	19.74	18.76
Tangible Book Value	10,896	9,159	7,577	8,751	7,286	6,205
Tangible Book Value Per Share	14.15	11.89	9.84	11.36	9.46	8.06
Land	-	1,476	1,481	1,481	1,453	267.42
Buildings	-	-	-	-	-	1,207
Machinery	-	52,867	50,879	54,102	52,387	51,128
Construction In Progress	-	712.75	284.98	168.11	59.55	0.64
Leasehold Improvements	-	-	-	-	-	889.84

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