APEX INVESTMENT

APEX INVESTMENT P.S.C

APEXStocksAbu Dhabi Securities ExchangeMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	591.07M	670.23M	607.79M	142.60M	0.04M
Cash & Short-Term Investments	1.04B	1.21B	1.08B	0.74B	0.04B
Receivables	436.90M	391.59M	475.27M	845.08M	47.21M
Inventory	123.90M	59.83M	76.22M	57.79M	55.11M
Current Assets	1.63B	1.71B	1.64B	1.66B	0.15B
PP&E	673.93M	346.92M	364.96M	371.92M	327.51M
Goodwill	3.27M	4.62M	—	—	—
Intangible Assets	213.10M	—	6.91M	6.95M	0.18M
Total Assets	2.57B	2.24B	2.20B	2.26B	0.72B
Liabilities
Accounts Payable	254.89M	134.89M	147.62M	144.56M	55.92M
Current Liabilities	467.70M	217.13M	243.80M	205.07M	88.63M
Short-Term Debt	—	—	21.60M	15.46M	10.46M
Total Debt	27.11M	1.51M	23.20M	18.16M	18.57M
Total Liabilities	528.68M	230.06M	253.47M	212.21M	89.74M
Equity & Ownership
Retained Earnings	323.09M	285.09M	126.39M	184.82M	-2.37M
Total Equity	2.04B	2.01B	1.95B	2.05B	0.63B
Net Debt	-1.02B	-1.20B	-1.05B	-0.73B	-0.02B
Shares Outstanding	3,553,195,467	3,553,195,467	3,553,195,467	3,553,195,467	503,118,000
Cash & Assets
Total Assets	2.57B	2.24B	2.20B	2.26B	0.72B
Total Current Assets	1.63B	1.71B	1.64B	1.66B	0.15B
Cash & Equivalents	591.07M	670.23M	607.79M	142.60M	0.04M
Cash & Short-Term Investments	1.04B	1.21B	1.08B	0.74B	0.04B
Net Cash (Debt)	1.02B	1.20B	1.05B	0.73B	0.02B
Net Cash Per Share	0.29	0.34	0.30	0.24	0.05
Cash Growth	-13.5%	+12.1%	+44.8%	+1,697.9%	+109.5%
Net Cash Growth	-15.6%	+14.5%	+45.2%	+3,084.7%	+387.4%
Accounts Receivable	424.43M	309.02M	378.46M	767.64M	45.10M
Other Receivables	12.47M	6.60M	21.27M	2.58M	2.11M
Receivables	436.90M	391.59M	475.27M	845.08M	47.21M
Inventory	123.90M	59.83M	76.22M	57.79M	55.11M
Prepaid Expenses	13.44M	9.67M	9.16M	10.55M	2.57M
Construction In Progress	181.40M	0.58M	0.58M	1.23M	0.93M
Buildings	52.62M	37.30M	38.63M	35.18M	29.41M
Machinery	1.09B	0.95B	0.93B	0.91B	0.84B
Property, Plant & Equipment	673.93M	346.92M	364.96M	371.92M	327.51M
Goodwill	3.27M	4.62M	—	—	—
Other Intangible Assets	213.10M	—	6.91M	6.95M	0.18M
Other Current Assets	14.35M	44.59M	7.58M	3.73M	3.66M
Other Long-Term Assets	—	130.37M	—	—	—
Long-Term Deferred Tax Assets	6.52M	1.88M	—	—	—
Long-Term Leases	25.21M	1.49M	1.57M	1.53M	—
Current Portion of Leases	1.90M	0.02M	0.02M	0.02M	—
Loans & Investments
Trading Asset Securities	435.59M	516.89M	450.83M	587.15M	41.30M
Short-Term Investments	17.41M	19.29M	17.24M	13.47M	—
Long-Term Investments	43.54M	41.99M	183.13M	221.43M	246.61M
Liabilities & Obligations
Total Liabilities	528.68M	230.06M	253.47M	212.21M	89.74M
Total Liabilities & Equity	2.57B	2.24B	2.20B	2.26B	0.72B
Total Current Liabilities	467.70M	217.13M	243.80M	205.07M	88.63M
Accounts Payable	254.89M	134.89M	147.62M	144.56M	55.92M
Accrued Expenses	107.47M	58.27M	50.24M	30.73M	6.08M
Current Income Taxes Payable	14.46M	12.10M	—	—	—
Current Unearned Revenue	2.07M	2.07M	—	—	—
Other Current Liabilities	86.92M	9.80M	24.32M	13.14M	8.06M
Pension & Post-Retirement Benefits	15.53M	11.02M	8.10M	5.62M	1.11M
Long-Term Deferred Tax Liabilities	20.24M	0.42M	—	—	—
Debt & Funding
Short-Term Debt	—	—	21.60M	15.46M	10.46M
Total Debt	27.11M	1.51M	23.20M	18.16M	18.57M
Current Portion of Long-Term Debt	—	—	—	1.16M	8.11M
Equity & Book Value
Shareholders' Equity	2.04B	2.01B	1.95B	2.05B	0.63B
Common Stock	3.55B	3.55B	3.55B	3.55B	0.50B
Retained Earnings	323.09M	285.09M	126.39M	184.82M	-2.37M
Comprehensive Income & Other	-1.83B	-1.83B	-1.73B	-1.69B	0.13B
Book Value Per Share	0.58	0.57	0.55	0.58	1.26
Tangible Book Value	1.83B	2.00B	1.94B	2.04B	0.63B
Tangible Book Value Per Share	0.51	0.56	0.55	0.57	1.26
Filing Date Shares Outstanding	3.55B	3.55B	3.55B	3.55B	0.50B
Total Common Shares Outstanding	3.55B	3.55B	3.55B	3.55B	0.50B
Working Capital	1.16B	1.49B	1.40B	1.46B	0.06B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	591.07M	670.23M	607.79M	142.60M	0.04M
Cash & Short-Term Investments	1.04B	1.21B	1.08B	0.74B	0.04B
Receivables	436.90M	391.59M	475.27M	845.08M	47.21M
Inventory	123.90M	59.83M	76.22M	57.79M	55.11M
Current Assets	1.63B	1.71B	1.64B	1.66B	0.15B
PP&E	673.93M	346.92M	364.96M	371.92M	327.51M
Goodwill	3.27M	4.62M	—	—	—
Intangible Assets	213.10M	—	6.91M	6.95M	0.18M
Total Assets	2.57B	2.24B	2.20B	2.26B	0.72B
Liabilities
Accounts Payable	254.89M	134.89M	147.62M	144.56M	55.92M
Current Liabilities	467.70M	217.13M	243.80M	205.07M	88.63M
Short-Term Debt	—	—	21.60M	15.46M	10.46M
Total Debt	27.11M	1.51M	23.20M	18.16M	18.57M
Total Liabilities	528.68M	230.06M	253.47M	212.21M	89.74M
Equity & Ownership
Retained Earnings	323.09M	285.09M	126.39M	184.82M	-2.37M
Total Equity	2.04B	2.01B	1.95B	2.05B	0.63B
Net Debt	-1.02B	-1.20B	-1.05B	-0.73B	-0.02B
Shares Outstanding	3,553,195,467	3,553,195,467	3,553,195,467	3,553,195,467	503,118,000
Cash & Assets
Total Assets	2.57B	2.24B	2.20B	2.26B	0.72B
Total Current Assets	1.63B	1.71B	1.64B	1.66B	0.15B
Cash & Equivalents	591.07M	670.23M	607.79M	142.60M	0.04M
Cash & Short-Term Investments	1.04B	1.21B	1.08B	0.74B	0.04B
Net Cash (Debt)	1.02B	1.20B	1.05B	0.73B	0.02B
Net Cash Per Share	0.29	0.34	0.30	0.24	0.05
Cash Growth	-13.5%	+12.1%	+44.8%	+1,697.9%	+109.5%
Net Cash Growth	-15.6%	+14.5%	+45.2%	+3,084.7%	+387.4%
Accounts Receivable	424.43M	309.02M	378.46M	767.64M	45.10M
Other Receivables	12.47M	6.60M	21.27M	2.58M	2.11M
Receivables	436.90M	391.59M	475.27M	845.08M	47.21M
Inventory	123.90M	59.83M	76.22M	57.79M	55.11M
Prepaid Expenses	13.44M	9.67M	9.16M	10.55M	2.57M
Construction In Progress	181.40M	0.58M	0.58M	1.23M	0.93M
Buildings	52.62M	37.30M	38.63M	35.18M	29.41M
Machinery	1.09B	0.95B	0.93B	0.91B	0.84B
Property, Plant & Equipment	673.93M	346.92M	364.96M	371.92M	327.51M
Goodwill	3.27M	4.62M	—	—	—
Other Intangible Assets	213.10M	—	6.91M	6.95M	0.18M
Other Current Assets	14.35M	44.59M	7.58M	3.73M	3.66M
Other Long-Term Assets	—	130.37M	—	—	—
Long-Term Deferred Tax Assets	6.52M	1.88M	—	—	—
Long-Term Leases	25.21M	1.49M	1.57M	1.53M	—
Current Portion of Leases	1.90M	0.02M	0.02M	0.02M	—
Loans & Investments
Trading Asset Securities	435.59M	516.89M	450.83M	587.15M	41.30M
Short-Term Investments	17.41M	19.29M	17.24M	13.47M	—
Long-Term Investments	43.54M	41.99M	183.13M	221.43M	246.61M
Liabilities & Obligations
Total Liabilities	528.68M	230.06M	253.47M	212.21M	89.74M
Total Liabilities & Equity	2.57B	2.24B	2.20B	2.26B	0.72B
Total Current Liabilities	467.70M	217.13M	243.80M	205.07M	88.63M
Accounts Payable	254.89M	134.89M	147.62M	144.56M	55.92M
Accrued Expenses	107.47M	58.27M	50.24M	30.73M	6.08M
Current Income Taxes Payable	14.46M	12.10M	—	—	—
Current Unearned Revenue	2.07M	2.07M	—	—	—
Other Current Liabilities	86.92M	9.80M	24.32M	13.14M	8.06M
Pension & Post-Retirement Benefits	15.53M	11.02M	8.10M	5.62M	1.11M
Long-Term Deferred Tax Liabilities	20.24M	0.42M	—	—	—
Debt & Funding
Short-Term Debt	—	—	21.60M	15.46M	10.46M
Total Debt	27.11M	1.51M	23.20M	18.16M	18.57M
Current Portion of Long-Term Debt	—	—	—	1.16M	8.11M
Equity & Book Value
Shareholders' Equity	2.04B	2.01B	1.95B	2.05B	0.63B
Common Stock	3.55B	3.55B	3.55B	3.55B	0.50B
Retained Earnings	323.09M	285.09M	126.39M	184.82M	-2.37M
Comprehensive Income & Other	-1.83B	-1.83B	-1.73B	-1.69B	0.13B
Book Value Per Share	0.58	0.57	0.55	0.58	1.26
Tangible Book Value	1.83B	2.00B	1.94B	2.04B	0.63B
Tangible Book Value Per Share	0.51	0.56	0.55	0.57	1.26
Filing Date Shares Outstanding	3.55B	3.55B	3.55B	3.55B	0.50B
Total Common Shares Outstanding	3.55B	3.55B	3.55B	3.55B	0.50B
Working Capital	1.16B	1.49B	1.40B	1.46B	0.06B