Emirates Telecom

Emirates Telecom. Group Company (Etisalat Group) PJSC

EANDStocksAbu Dhabi Securities ExchangeTelecommunications

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	34.31B	33.63B	28.99B	32.84B	28.58B
Cash & Short-Term Investments	35.74B	36.08B	29.73B	35.25B	29.01B
Receivables	21.80B	18.71B	17.41B	16.39B	14.93B
Inventory	1.30B	1.20B	1.09B	0.97B	0.75B
Current Assets	60.89B	58.77B	50.79B	54.49B	46.98B
PP&E	54.28B	47.32B	41.02B	41.71B	46.15B
Goodwill	30.07B	24.96B	12.39B	10.72B	11.35B
Intangible Assets	24.23B	18.77B	11.73B	11.62B	14.48B
Total Assets	205.06B	183.33B	147.61B	145.09B	128.20B
Liabilities
Accounts Payable	8.83B	7.66B	6.20B	6.53B	6.04B
Current Liabilities	88.43B	76.90B	51.66B	63.43B	43.67B
Long-Term Debt	30.75B	33.66B	35.85B	24.21B	19.18B
Short-Term Debt	4.08B	7.00B	5.06B	5.31B	4.70B
Total Debt	73.29B	73.59B	52.50B	51.10B	28.39B
Total Liabilities	143.30B	129.41B	95.90B	95.09B	70.63B
Equity & Ownership
Retained Earnings	54.44B	47.58B	52.52B	49.11B	45.99B
Total Equity	61.76B	53.92B	51.71B	50.00B	57.56B
Net Debt	37.55B	37.52B	22.77B	15.85B	-0.62B
Shares Outstanding	8,696,800,000	8,696,754,000	8,696,754,000	8,696,754,000	8,696,754,000
Cash & Assets
Total Assets	205.06B	183.33B	147.61B	145.09B	128.20B
Total Current Assets	60.89B	58.77B	50.79B	54.49B	46.98B
Cash & Equivalents	34.31B	33.63B	28.99B	32.84B	28.58B
Cash & Short-Term Investments	35.74B	36.08B	29.73B	35.25B	29.01B
Net Cash (Debt)	-37.55B	-37.52B	-22.77B	-15.85B	0.62B
Net Cash Per Share	-4.32	-4.31	-2.62	-1.82	0.07
Cash Growth	-0.9%	+21.3%	-15.6%	+21.5%	-10.5%
Net Cash Growth	—	—	—	—	-78.8%
Accounts Receivable	16.14B	14.72B	12.95B	12.26B	11.56B
Other Receivables	5.65B	3.99B	4.47B	4.13B	3.37B
Receivables	21.80B	18.71B	17.41B	16.39B	14.93B
Inventory	1.30B	1.20B	1.09B	0.97B	0.75B
Prepaid Expenses	326.88M	770.66M	823.84M	705.85M	627.84M
Construction In Progress	6.19B	6.12B	5.84B	5.14B	4.82B
Land	10.54B	9.33B	7.80B	7.75B	9.88B
Machinery	107.80B	93.98B	85.21B	81.91B	86.50B
Property, Plant & Equipment	54.28B	47.32B	41.02B	41.71B	46.15B
Goodwill	30.07B	24.96B	12.39B	10.72B	11.35B
Other Intangible Assets	24.23B	18.77B	11.73B	11.62B	14.48B
Other Current Assets	1.73B	2.01B	1.73B	1.17B	1.66B
Other Long-Term Assets	0.77B	1.18B	0.54B	0.65B	0.47B
Long-Term Deferred Tax Assets	691.72M	492.39M	395.95M	220.11M	136.86M
Long-Term Accounts Receivable	2.32B	2.18B	1.98B	1.69B	0.58B
Long-Term Leases	4.60B	3.59B	2.89B	2.60B	2.11B
Current Portion of Leases	1.05B	0.81B	0.57B	0.54B	0.54B
Loans & Investments
Trading Asset Securities	1.06B	0.34B	0.16B	1.63B	0.29B
Short-Term Investments	0.37B	2.10B	0.58B	0.78B	0.14B
Long-Term Investments	31.80B	29.65B	28.77B	23.98B	8.05B
Liabilities & Obligations
Total Liabilities	143.30B	129.41B	95.90B	95.09B	70.63B
Total Liabilities & Equity	205.06B	183.33B	147.61B	145.09B	128.20B
Total Current Liabilities	88.43B	76.90B	51.66B	63.43B	43.67B
Accounts Payable	8.83B	7.66B	6.20B	6.53B	6.04B
Accrued Expenses	20.68B	16.54B	16.51B	16.25B	15.64B
Current Income Taxes Payable	1.99B	1.26B	0.29B	0.42B	0.31B
Current Unearned Revenue	4.09B	3.40B	3.10B	3.18B	3.32B
Long-Term Unearned Revenue	174.76M	104.09M	91.81M	97.86M	42.43M
Other Current Liabilities	14.90B	11.69B	11.80B	12.77B	11.25B
Pension & Post-Retirement Benefits	1.48B	1.34B	1.19B	1.17B	1.22B
Long-Term Deferred Tax Liabilities	3.02B	2.49B	1.84B	1.65B	2.16B
Other Long-Term Liabilities	14.84B	11.32B	2.37B	1.93B	2.26B
Debt & Funding
Long-Term Debt	30.75B	33.66B	35.85B	24.21B	19.18B
Short-Term Debt	4.08B	7.00B	5.06B	5.31B	4.70B
Total Debt	73.29B	73.59B	52.50B	51.10B	28.39B
Current Portion of Long-Term Debt	32.81B	28.54B	8.13B	18.44B	1.85B
Equity & Book Value
Shareholders' Equity	61.76B	53.92B	51.71B	50.00B	57.56B
Total Common Equity	51.71B	45.60B	42.66B	42.26B	47.59B
Common Stock	8.70B	8.70B	8.70B	8.70B	8.70B
Retained Earnings	54.44B	47.58B	52.52B	49.11B	45.99B
Comprehensive Income & Other	-11.43B	-10.68B	-18.56B	-15.55B	-7.10B
Minority Interest	10.05B	8.32B	9.05B	7.74B	9.98B
Book Value Per Share	5.95	5.24	4.91	4.86	5.47
Tangible Book Value	-2.59B	1.87B	18.54B	19.92B	21.76B
Tangible Book Value Per Share	-0.30	0.22	2.13	2.29	2.50
Filing Date Shares Outstanding	8.70B	8.70B	8.70B	8.70B	8.70B
Total Common Shares Outstanding	8.70B	8.70B	8.70B	8.70B	8.70B
Working Capital	-27.54B	-18.14B	-0.88B	-8.95B	3.31B

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	34.31B	33.63B	28.99B	32.84B	28.58B
Cash & Short-Term Investments	35.74B	36.08B	29.73B	35.25B	29.01B
Receivables	21.80B	18.71B	17.41B	16.39B	14.93B
Inventory	1.30B	1.20B	1.09B	0.97B	0.75B
Current Assets	60.89B	58.77B	50.79B	54.49B	46.98B
PP&E	54.28B	47.32B	41.02B	41.71B	46.15B
Goodwill	30.07B	24.96B	12.39B	10.72B	11.35B
Intangible Assets	24.23B	18.77B	11.73B	11.62B	14.48B
Total Assets	205.06B	183.33B	147.61B	145.09B	128.20B
Liabilities
Accounts Payable	8.83B	7.66B	6.20B	6.53B	6.04B
Current Liabilities	88.43B	76.90B	51.66B	63.43B	43.67B
Long-Term Debt	30.75B	33.66B	35.85B	24.21B	19.18B
Short-Term Debt	4.08B	7.00B	5.06B	5.31B	4.70B
Total Debt	73.29B	73.59B	52.50B	51.10B	28.39B
Total Liabilities	143.30B	129.41B	95.90B	95.09B	70.63B
Equity & Ownership
Retained Earnings	54.44B	47.58B	52.52B	49.11B	45.99B
Total Equity	61.76B	53.92B	51.71B	50.00B	57.56B
Net Debt	37.55B	37.52B	22.77B	15.85B	-0.62B
Shares Outstanding	8,696,800,000	8,696,754,000	8,696,754,000	8,696,754,000	8,696,754,000
Cash & Assets
Total Assets	205.06B	183.33B	147.61B	145.09B	128.20B
Total Current Assets	60.89B	58.77B	50.79B	54.49B	46.98B
Cash & Equivalents	34.31B	33.63B	28.99B	32.84B	28.58B
Cash & Short-Term Investments	35.74B	36.08B	29.73B	35.25B	29.01B
Net Cash (Debt)	-37.55B	-37.52B	-22.77B	-15.85B	0.62B
Net Cash Per Share	-4.32	-4.31	-2.62	-1.82	0.07
Cash Growth	-0.9%	+21.3%	-15.6%	+21.5%	-10.5%
Net Cash Growth	—	—	—	—	-78.8%
Accounts Receivable	16.14B	14.72B	12.95B	12.26B	11.56B
Other Receivables	5.65B	3.99B	4.47B	4.13B	3.37B
Receivables	21.80B	18.71B	17.41B	16.39B	14.93B
Inventory	1.30B	1.20B	1.09B	0.97B	0.75B
Prepaid Expenses	326.88M	770.66M	823.84M	705.85M	627.84M
Construction In Progress	6.19B	6.12B	5.84B	5.14B	4.82B
Land	10.54B	9.33B	7.80B	7.75B	9.88B
Machinery	107.80B	93.98B	85.21B	81.91B	86.50B
Property, Plant & Equipment	54.28B	47.32B	41.02B	41.71B	46.15B
Goodwill	30.07B	24.96B	12.39B	10.72B	11.35B
Other Intangible Assets	24.23B	18.77B	11.73B	11.62B	14.48B
Other Current Assets	1.73B	2.01B	1.73B	1.17B	1.66B
Other Long-Term Assets	0.77B	1.18B	0.54B	0.65B	0.47B
Long-Term Deferred Tax Assets	691.72M	492.39M	395.95M	220.11M	136.86M
Long-Term Accounts Receivable	2.32B	2.18B	1.98B	1.69B	0.58B
Long-Term Leases	4.60B	3.59B	2.89B	2.60B	2.11B
Current Portion of Leases	1.05B	0.81B	0.57B	0.54B	0.54B
Loans & Investments
Trading Asset Securities	1.06B	0.34B	0.16B	1.63B	0.29B
Short-Term Investments	0.37B	2.10B	0.58B	0.78B	0.14B
Long-Term Investments	31.80B	29.65B	28.77B	23.98B	8.05B
Liabilities & Obligations
Total Liabilities	143.30B	129.41B	95.90B	95.09B	70.63B
Total Liabilities & Equity	205.06B	183.33B	147.61B	145.09B	128.20B
Total Current Liabilities	88.43B	76.90B	51.66B	63.43B	43.67B
Accounts Payable	8.83B	7.66B	6.20B	6.53B	6.04B
Accrued Expenses	20.68B	16.54B	16.51B	16.25B	15.64B
Current Income Taxes Payable	1.99B	1.26B	0.29B	0.42B	0.31B
Current Unearned Revenue	4.09B	3.40B	3.10B	3.18B	3.32B
Long-Term Unearned Revenue	174.76M	104.09M	91.81M	97.86M	42.43M
Other Current Liabilities	14.90B	11.69B	11.80B	12.77B	11.25B
Pension & Post-Retirement Benefits	1.48B	1.34B	1.19B	1.17B	1.22B
Long-Term Deferred Tax Liabilities	3.02B	2.49B	1.84B	1.65B	2.16B
Other Long-Term Liabilities	14.84B	11.32B	2.37B	1.93B	2.26B
Debt & Funding
Long-Term Debt	30.75B	33.66B	35.85B	24.21B	19.18B
Short-Term Debt	4.08B	7.00B	5.06B	5.31B	4.70B
Total Debt	73.29B	73.59B	52.50B	51.10B	28.39B
Current Portion of Long-Term Debt	32.81B	28.54B	8.13B	18.44B	1.85B
Equity & Book Value
Shareholders' Equity	61.76B	53.92B	51.71B	50.00B	57.56B
Total Common Equity	51.71B	45.60B	42.66B	42.26B	47.59B
Common Stock	8.70B	8.70B	8.70B	8.70B	8.70B
Retained Earnings	54.44B	47.58B	52.52B	49.11B	45.99B
Comprehensive Income & Other	-11.43B	-10.68B	-18.56B	-15.55B	-7.10B
Minority Interest	10.05B	8.32B	9.05B	7.74B	9.98B
Book Value Per Share	5.95	5.24	4.91	4.86	5.47
Tangible Book Value	-2.59B	1.87B	18.54B	19.92B	21.76B
Tangible Book Value Per Share	-0.30	0.22	2.13	2.29	2.50
Filing Date Shares Outstanding	8.70B	8.70B	8.70B	8.70B	8.70B
Total Common Shares Outstanding	8.70B	8.70B	8.70B	8.70B	8.70B
Working Capital	-27.54B	-18.14B	-0.88B	-8.95B	3.31B