Abu Dhabi National Co. for Building Materials Report of accumulated losses for the year December 31,2025 | premargin
Abu Dhabi National Co. for Building Materials Report of accumulated losses for the year December 31,2025
·ADX·Financial Reports | Report of accumulated losses·February 23, 2026·View on exchange
AI Summary
Abu Dhabi National Co. for Building Materials (BILDCO) reported accumulated losses of AED 364,109,013 for the fiscal year 2025, representing 120.37% of its paid-up capital.
The company implemented a major capital increase through the issuance of 1.2 billion new shares, resulting in a strategic partner holding an 80% ownership stake.
Recovery measures include a preliminary debt settlement with First Abu Dhabi Bank and the successful cancellation of judicial orders related to bank account seizures and lawsuits.
Operational actions involve increasing steel production capacity to 700 tons per day and expanding exports to Oman and Kuwait, despite FY 2025 revenues declining to AED 46.1 million from AED 52.5 million the previous year.