Watani Iron Steel 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	10.44	18.9	12.06	9.51	11.86	4.7
Cash & Short-Term Investments	10.44	18.9	12.06	9.51	11.86	4.7
Cash Growth	22.19%	56.69%	26.81%	-19.84%	152.34%	-44.33%
Accounts Receivable	15.59	4.96	2.68	-	-	-
Other Receivables	0.32	1.75	0.34	2.88	2.25	4.37
Receivables	15.91	6.71	3.02	2.88	2.25	4.37
Inventory	81.94	71.32	64.82	63.54	67.82	50.02
Prepaid Expenses	0.9	1.16	0.8	0.77	0.86	0.86
Other Current Assets	2.72	0.97	0.62	0.64	2.14	2.45
Total Current Assets	111.92	99.06	81.32	77.34	84.94	62.4
Property, Plant & Equipment	246.6	249.56	262.78	276.27	264.74	282.67
Other Intangible Assets	25.94	25.94	25.94	25.94	25.94	25.94
Total Assets	384.46	374.57	370.04	379.55	375.63	371.02
Accounts Payable	36.92	47.7	37.03	32.78	37.49	27.44
Accrued Expenses	4.66	3.74	3.87	3.05	3.74	4.32
Short-Term Debt	91.09	71.15	64.16	91.16	76.9	76.23
Current Portion of Long-Term Debt	-	-	-	-	-	45.4
Current Income Taxes Payable	0.02	-	0.26	0.13	1.3	1.25
Other Current Liabilities	2.6	5.94	5.12	3.88	13	23.67
Total Current Liabilities	135.29	128.52	110.44	131	132.42	178.31
Pension & Post-Retirement Benefits	10.65	9.9	8.24	6.11	5.63	5.49
Total Liabilities	145.94	138.42	118.69	137.11	138.05	183.79
Common Stock	181.65	181.65	181.65	181.65	121.1	121.1
Retained Earnings	57.28	54.91	69.77	59.91	116.21	66.66
Comprehensive Income & Other	-0.41	-0.41	-0.07	0.88	0.27	-0.53
Shareholders' Equity	238.52	236.15	251.36	242.44	237.58	187.23
Total Liabilities & Equity	384.46	374.57	370.04	379.55	375.63	371.02
Total Debt	91.09	71.15	64.16	91.16	76.9	121.63
Net Cash (Debt)	-80.65	-52.25	-52.1	-81.65	-65.04	-116.92
Net Cash Per Share	-0.44	-0.29	-0.29	-0.45	-0.36	-0.64
Filing Date Shares Outstanding	181.65	181.65	181.65	181.65	181.65	181.65
Total Common Shares Outstanding	181.65	181.65	181.65	181.65	181.65	181.65
Working Capital	-23.37	-29.46	-29.13	-53.67	-47.48	-115.9
Book Value Per Share	1.31	1.30	1.38	1.33	1.31	1.03
Tangible Book Value	212.58	210.2	225.41	216.5	211.64	161.28
Tangible Book Value Per Share	1.17	1.16	1.24	1.19	1.17	0.89
Land	17.43	17.43	17.43	17.43	9.69	9.69
Buildings	52.07	52.07	44.87	44.41	34.05	34.05
Machinery	368.32	368.32	365.67	363.73	352.83	351.2
Construction In Progress	-	-	6.88	2.37	-	-

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