Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	694.59M	468.32M	577.94M	432.03M	253.75M
Cash & Short-Term Investments	695.26M	473.10M	623.80M	470.58M	303.33M
Receivables	930.55M	816.77M	433.12M	435.76M	315.62M
Inventory	409.70M	354.60M	195.87M	3.56M	1.06M
Current Assets	2.04B	1.64B	1.25B	0.91B	0.62B
PP&E	501.73M	532.59M	365.87M	87.47M	71.62M
Goodwill	64.58M	64.58M	33.84M	—	—
Intangible Assets	23.02M	31.56M	6.65M	0.20M	0.04M
Total Assets	4.32B	3.68B	3.06B	1.14B	0.80B
Liabilities
Accounts Payable	581.09M	549.05M	564.46M	340.57M	234.38M
Current Liabilities	1.17B	0.88B	0.63B	0.34B	0.24B
Long-Term Debt	4.38M	21.88M	49.34M	—	—
Short-Term Debt	—	—	246.00K	—	—
Total Debt	219.15M	245.92M	161.00M	5.42M	1.30M
Total Liabilities	1.40B	1.18B	0.77B	0.39B	0.27B
Equity & Ownership
Retained Earnings	1.45B	1.15B	0.90B	0.22B	0.08B
Total Equity	2.92B	2.50B	2.29B	0.76B	0.54B
Net Debt	-476.11M	-227.18M	-462.81M	-465.17M	-302.03M
Shares Outstanding	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000
Cash & Assets
Total Assets	4.32B	3.68B	3.06B	1.14B	0.80B
Total Current Assets	2.04B	1.64B	1.25B	0.91B	0.62B
Cash & Equivalents	694.59M	468.32M	577.94M	432.03M	253.75M
Cash & Short-Term Investments	695.26M	473.10M	623.80M	470.58M	303.33M
Net Cash (Debt)	476.11M	227.18M	462.81M	465.17M	302.03M
Net Cash Per Share	1.90	0.91	1.85	1.86	1.21
Cash Growth	+47.0%	-24.2%	+32.6%	+55.1%	+95.3%
Net Cash Growth	+109.6%	-50.9%	-0.5%	+54.0%	+94.5%
Receivables	930.55M	816.77M	433.12M	435.76M	315.62M
Inventory	409.70M	354.60M	195.87M	3.56M	1.06M
Construction In Progress	114.56M	82.02M	13.14M	3.05M	61.37M
Land	49.58M	127.77M	126.57M	0.04M	—
Buildings	212.05M	187.96M	226.34M	81.65M	5.50M
Machinery	162.76M	151.97M	120.61M	67.91M	38.69M
Property, Plant & Equipment	501.73M	532.59M	365.87M	87.47M	71.62M
Goodwill	64.58M	64.58M	33.84M	—	—
Other Intangible Assets	23.02M	31.56M	6.65M	0.20M	0.04M
Other Long-Term Assets	436.13M	168.96M	83.54M	—	0.85M
Long-Term Deferred Tax Assets	4.50M	4.48M	0.40M	—	—
Long-Term Accounts Receivable	32.41M	31.03M	31.03M	38.37M	37.78M
Long-Term Leases	148.58M	154.89M	46.80M	4.09M	0.64M
Current Portion of Leases	48.69M	40.89M	32.35M	1.32M	0.66M
Loans & Investments
Trading Asset Securities	0.67M	4.78M	45.86M	38.55M	49.57M
Long-Term Investments	1.23B	1.21B	1.29B	0.11B	0.07B
Liabilities & Obligations
Total Liabilities	1.40B	1.18B	0.77B	0.39B	0.27B
Total Liabilities & Equity	4.32B	3.68B	3.06B	1.14B	0.80B
Total Current Liabilities	1.17B	0.88B	0.63B	0.34B	0.24B
Accounts Payable	581.09M	549.05M	564.46M	340.57M	234.38M
Current Income Taxes Payable	47.91M	21.74M	—	—	—
Current Unearned Revenue	474.77M	235.87M	—	—	—
Pension & Post-Retirement Benefits	73.55M	65.64M	41.20M	34.72M	25.95M
Long-Term Deferred Tax Liabilities	2.00M	2.80M	0.59M	—	—
Other Long-Term Liabilities	5.24M	59.51M	5.31M	5.85M	6.35M
Debt & Funding
Long-Term Debt	4.38M	21.88M	49.34M	—	—
Short-Term Debt	—	—	246.00K	—	—
Total Debt	219.15M	245.92M	161.00M	5.42M	1.30M
Current Portion of Long-Term Debt	17.50M	28.27M	32.26M	—	—
Equity & Book Value
Shareholders' Equity	2.92B	2.50B	2.29B	0.76B	0.54B
Total Common Equity	2.48B	2.18B	2.00B	0.68B	0.49B
Common Stock	250.00M	250.00M	250.00M	250.00M	250.00M
Retained Earnings	1.45B	1.15B	0.90B	0.22B	0.08B
Comprehensive Income & Other	778.90M	782.73M	857.05M	209.32M	165.35M
Minority Interest	440.75M	319.21M	284.95M	74.06M	45.16M
Book Value Per Share	9.92	8.73	8.01	2.74	1.97
Tangible Book Value	2.39B	2.09B	1.96B	0.68B	0.49B
Tangible Book Value Per Share	9.57	8.35	7.85	2.73	1.97
Filing Date Shares Outstanding	250.00M	250.00M	250.00M	250.00M	250.00M
Total Common Shares Outstanding	250.00M	250.00M	250.00M	250.00M	250.00M
Working Capital	865.55M	768.66M	623.48M	568.01M	384.97M

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	694.59M	468.32M	577.94M	432.03M	253.75M
Cash & Short-Term Investments	695.26M	473.10M	623.80M	470.58M	303.33M
Receivables	930.55M	816.77M	433.12M	435.76M	315.62M
Inventory	409.70M	354.60M	195.87M	3.56M	1.06M
Current Assets	2.04B	1.64B	1.25B	0.91B	0.62B
PP&E	501.73M	532.59M	365.87M	87.47M	71.62M
Goodwill	64.58M	64.58M	33.84M	—	—
Intangible Assets	23.02M	31.56M	6.65M	0.20M	0.04M
Total Assets	4.32B	3.68B	3.06B	1.14B	0.80B
Liabilities
Accounts Payable	581.09M	549.05M	564.46M	340.57M	234.38M
Current Liabilities	1.17B	0.88B	0.63B	0.34B	0.24B
Long-Term Debt	4.38M	21.88M	49.34M	—	—
Short-Term Debt	—	—	246.00K	—	—
Total Debt	219.15M	245.92M	161.00M	5.42M	1.30M
Total Liabilities	1.40B	1.18B	0.77B	0.39B	0.27B
Equity & Ownership
Retained Earnings	1.45B	1.15B	0.90B	0.22B	0.08B
Total Equity	2.92B	2.50B	2.29B	0.76B	0.54B
Net Debt	-476.11M	-227.18M	-462.81M	-465.17M	-302.03M
Shares Outstanding	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000
Cash & Assets
Total Assets	4.32B	3.68B	3.06B	1.14B	0.80B
Total Current Assets	2.04B	1.64B	1.25B	0.91B	0.62B
Cash & Equivalents	694.59M	468.32M	577.94M	432.03M	253.75M
Cash & Short-Term Investments	695.26M	473.10M	623.80M	470.58M	303.33M
Net Cash (Debt)	476.11M	227.18M	462.81M	465.17M	302.03M
Net Cash Per Share	1.90	0.91	1.85	1.86	1.21
Cash Growth	+47.0%	-24.2%	+32.6%	+55.1%	+95.3%
Net Cash Growth	+109.6%	-50.9%	-0.5%	+54.0%	+94.5%
Receivables	930.55M	816.77M	433.12M	435.76M	315.62M
Inventory	409.70M	354.60M	195.87M	3.56M	1.06M
Construction In Progress	114.56M	82.02M	13.14M	3.05M	61.37M
Land	49.58M	127.77M	126.57M	0.04M	—
Buildings	212.05M	187.96M	226.34M	81.65M	5.50M
Machinery	162.76M	151.97M	120.61M	67.91M	38.69M
Property, Plant & Equipment	501.73M	532.59M	365.87M	87.47M	71.62M
Goodwill	64.58M	64.58M	33.84M	—	—
Other Intangible Assets	23.02M	31.56M	6.65M	0.20M	0.04M
Other Long-Term Assets	436.13M	168.96M	83.54M	—	0.85M
Long-Term Deferred Tax Assets	4.50M	4.48M	0.40M	—	—
Long-Term Accounts Receivable	32.41M	31.03M	31.03M	38.37M	37.78M
Long-Term Leases	148.58M	154.89M	46.80M	4.09M	0.64M
Current Portion of Leases	48.69M	40.89M	32.35M	1.32M	0.66M
Loans & Investments
Trading Asset Securities	0.67M	4.78M	45.86M	38.55M	49.57M
Long-Term Investments	1.23B	1.21B	1.29B	0.11B	0.07B
Liabilities & Obligations
Total Liabilities	1.40B	1.18B	0.77B	0.39B	0.27B
Total Liabilities & Equity	4.32B	3.68B	3.06B	1.14B	0.80B
Total Current Liabilities	1.17B	0.88B	0.63B	0.34B	0.24B
Accounts Payable	581.09M	549.05M	564.46M	340.57M	234.38M
Current Income Taxes Payable	47.91M	21.74M	—	—	—
Current Unearned Revenue	474.77M	235.87M	—	—	—
Pension & Post-Retirement Benefits	73.55M	65.64M	41.20M	34.72M	25.95M
Long-Term Deferred Tax Liabilities	2.00M	2.80M	0.59M	—	—
Other Long-Term Liabilities	5.24M	59.51M	5.31M	5.85M	6.35M
Debt & Funding
Long-Term Debt	4.38M	21.88M	49.34M	—	—
Short-Term Debt	—	—	246.00K	—	—
Total Debt	219.15M	245.92M	161.00M	5.42M	1.30M
Current Portion of Long-Term Debt	17.50M	28.27M	32.26M	—	—
Equity & Book Value
Shareholders' Equity	2.92B	2.50B	2.29B	0.76B	0.54B
Total Common Equity	2.48B	2.18B	2.00B	0.68B	0.49B
Common Stock	250.00M	250.00M	250.00M	250.00M	250.00M
Retained Earnings	1.45B	1.15B	0.90B	0.22B	0.08B
Comprehensive Income & Other	778.90M	782.73M	857.05M	209.32M	165.35M
Minority Interest	440.75M	319.21M	284.95M	74.06M	45.16M
Book Value Per Share	9.92	8.73	8.01	2.74	1.97
Tangible Book Value	2.39B	2.09B	1.96B	0.68B	0.49B
Tangible Book Value Per Share	9.57	8.35	7.85	2.73	1.97
Filing Date Shares Outstanding	250.00M	250.00M	250.00M	250.00M	250.00M
Total Common Shares Outstanding	250.00M	250.00M	250.00M	250.00M	250.00M
Working Capital	865.55M	768.66M	623.48M	568.01M	384.97M

Financials

Annual (AED)

ESG EMIRATES STALLIONS GROUP

Annual (AED)