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 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	3,108	3,162	1,400	1,641	827.73	1,051
Short-Term Investments	126.75	614.8	1,786	2,128	2,014	1,000
Cash & Short-Term Investments	3,235	3,776	3,186	3,769	2,841	2,051
Cash Growth	-20.21%	18.54%	-15.47%	32.66%	38.55%	66.79%
Accounts Receivable	5,636	5,226	5,171	4,482	4,338	5,232
Other Receivables	-	-	72.18	-	-	-
Receivables	5,636	5,226	5,243	4,482	4,338	5,232
Inventory	234.31	132.33	212.99	150.76	109.05	107.73
Prepaid Expenses	-	-	58.53	69.49	46.06	39.99
Restricted Cash	-	-	250.07	-	-	-
Other Current Assets	1,690	1,293	676.08	1,103	791.3	654.31
Total Current Assets	10,795	10,428	9,627	9,574	8,125	8,085
Property, Plant & Equipment	23,022	23,482	21,570	19,012	22,211	23,110
Long-Term Investments	96	118.87	56.48	11.15	9.47	38.41
Goodwill	-	1,467	1,467	1,467	1,467	1,467
Other Intangible Assets	8,172	6,825	5,531	8,579	6,141	6,444
Long-Term Accounts Receivable	86.78	96.79	89.96	103.4	80.13	71.01
Long-Term Deferred Charges	17.87	18.04	4.28	28.67	29.16	116.93
Other Long-Term Assets	27.8	19.25	300.66	116.11	115.81	32.33
Total Assets	42,217	42,455	38,646	38,891	38,178	39,364
Accounts Payable	4,242	1,796	1,783	1,731	1,564	3,030
Accrued Expenses	3,919	3,288	3,235	3,078	2,873	2,561
Current Portion of Long-Term Debt	640.09	529.16	459.59	1,611	1,313	1,211
Current Portion of Leases	1,363	1,151	1,213	1,179	1,010	927.51
Current Income Taxes Payable	147.62	122.82	117.01	187.01	152.56	127.21
Current Unearned Revenue	743.84	774.74	971.29	785.83	694.96	737.61
Other Current Liabilities	859.66	3,577	2,763	2,699	2,457	2,488
Total Current Liabilities	11,916	11,239	10,542	11,271	10,065	11,083
Long-Term Debt	4,967	5,196	5,725	6,700	8,310	9,624
Long-Term Leases	2,312	2,544	2,062	2,045	2,211	2,193
Long-Term Unearned Revenue	326.6	337.83	321.51	280.65	280.52	216.56
Pension & Post-Retirement Benefits	705.86	673.18	601.5	554.39	501.8	513.05
Other Long-Term Liabilities	2,026	2,138	517.99	418.16	450.97	538.68
Total Liabilities	22,254	22,128	19,770	21,268	21,820	24,168
Common Stock	7,700	7,700	7,700	7,700	7,700	7,700
Retained Earnings	12,363	12,733	11,198	9,896	8,568	7,533
Treasury Stock	-159.22	-159.22	-	-	-	-
Comprehensive Income & Other	59.23	54.3	-22.67	26.31	90.08	-36.99
Total Common Equity	19,963	20,328	18,875	17,623	16,359	15,196
Shareholders' Equity	19,963	20,328	18,875	17,623	16,359	15,196
Total Liabilities & Equity	42,217	42,455	38,646	38,891	38,178	39,364
Total Debt	9,282	9,420	9,460	11,534	12,845	13,955
Net Cash (Debt)	-6,048	-5,643	-6,274	-7,765	-10,004	-11,904
Net Cash Per Share	-7.84	-7.33	-8.15	-10.08	-12.99	-15.46
Filing Date Shares Outstanding	767.5	767.5	770	770	770	770
Total Common Shares Outstanding	767.5	767.5	770	770	770	770
Working Capital	-1,121	-810.52	-915.47	-1,697	-1,939	-2,998
Book Value Per Share	26.01	26.49	24.51	22.89	21.24	19.74
Tangible Book Value	11,791	12,035	11,878	7,577	8,751	7,286
Tangible Book Value Per Share	15.36	15.68	15.43	9.84	11.36	9.46
Land	-	1,707	1,476	1,481	1,481	1,453
Machinery	-	56,916	52,867	50,879	54,102	52,387
Construction In Progress	-	330.98	712.75	284.98	168.11	59.55

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