ESG EMIRATES STALLIONS GROUP

ESG EMIRATES STALLIONS GROUP P.J.S.C

ESGStocksAbu Dhabi Securities ExchangeIndustrials

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
Operations
Operating Cash Flow	441.74M	85.17M	188.99M	95.38M	25.50M
Free Cash Flow	295.24M	0.95M	-74.64M	82.54M	17.95M
Capital Expenditures	-146.50M	-84.23M	-263.64M	-12.84M	-7.55M
Investing & Financing
Investing Cash Flow	-340.52M	-2.44M	-333.26M	93.98M	8.10M
Financing Cash Flow	-12.69M	-73.48M	-24.30M	-2.54M	-0.68M
Operating Activities
Operating Cash Flow	441.74M	85.17M	188.99M	95.38M	25.50M
Net Income	300.15M	225.16M	671.42M	148.21M	63.09M
Change in Accounts Payable	132.68M	-157.48M	160.34M	73.06M	-21.50M
Change in Accounts Receivable	-177.05M	-57.37M	-23.67M	-66.62M	16.74M
Change in Inventory	80.21M	-22.10M	-24.95M	2.68M	1.17M
Change in Other Net Operating Assets	-79.35M	-84.31M	-36.36M	-14.30M	-15.55M
Change in Unearned Revenue	76.37M	110.96M	—	—	—
Change in Working Capital	32.86M	-210.31M	75.36M	-5.18M	-19.13M
Other Operating Activities	78.64M	27.43M	5.00M	19.97M	2.20M
Provision & Write-off of Bad Debts	-10.32M	-0.98M	-1.04M	-2.90M	5.37M
Depreciation & Amortization	95.41M	84.20M	21.62M	5.89M	2.11M
Other Amortization	233.00K	63.00K	34.00K	366.00K	27.00K
Cash Interest Paid	5.21M	5.78M	2.29M	0.88M	0.57M
Cash Income Tax Paid	17.64M	—	—	—	—
Loss (Gain) on Equity Investments	-49.08M	-36.84M	-28.00M	-10.74M	-3.16M
Asset Writedown & Restructuring Costs	-1.47M	-0.82M	-8.78M	—	—
Investing Activities
Investing Cash Flow	-340.52M	-2.44M	-333.26M	93.98M	8.10M
Capital Expenditures	-146.50M	-84.23M	-263.64M	-12.84M	-7.55M
Cash Acquisitions	—	-143.68M	21.74M	14.40M	103.75M
Divestitures	—	—	209.62M	—	—
Investment in Securities	33.69M	215.64M	-238.87M	77.29M	-90.23M
Other Investing Activities	-136.88M	9.20M	-63.70M	9.98M	2.15M
Sale (Purchase) of Intangibles	-550.00K	-407.00K	-71.00K	-544.00K	-28.00K
Sale (Purchase) of Real Estate	-90.59M	—	—	5.70M	—
Sale of Property, Plant & Equipment	0.31M	1.03M	1.66M	—	0.01M
Loss (Gain) From Sale of Assets	-0.27M	3.77M	-137.04M	-5.70M	—
Loss (Gain) on Sale of Investments	-0.06M	-18.66M	-417.48M	-58.08M	-25.00M
Financing Activities
Financing Cash Flow	-12.69M	-73.48M	-24.30M	-2.54M	-0.68M
Long-Term Debt Issued	—	—	141.00K	—	—
Long-Term Debt Repaid	-91.94M	-89.92M	-20.44M	-1.46M	-0.68M
Total Debt Repaid	-91.94M	-89.92M	-20.44M	-1.46M	-0.68M
Net Debt Issued (Repaid)	-91.94M	-89.92M	-20.30M	-1.46M	-0.68M
Other Financing Activities	79.25M	16.44M	-4.00M	-1.08M	—
Free Cash Flow & Returns
Free Cash Flow	295.24M	0.95M	-74.64M	82.54M	17.95M
Free Cash Flow Growth	+31,141.9%	—	—	+359.9%	-73.2%
Free Cash Flow Margin	+16.7%	+0.1%	-12.3%	+23.1%	+5.1%
Free Cash Flow Per Share	1.18	0.00	-0.30	0.33	0.07
Levered Free Cash Flow	264.15M	-196.27M	-158.45M	6.16M	20.73M
Unlevered Free Cash Flow	273.15M	-188.96M	-156.44M	6.26M	21.11M
Operating Cash Flow Growth	+418.6%	-54.9%	+98.1%	+274.1%	-62.4%
Net Cash Flow	87.70M	9.61M	-168.95M	186.47M	32.79M
Foreign Exchange Rate Adjustments	-831.00K	363.00K	-386.00K	-351.00K	-134.00K

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
Operations
Operating Cash Flow	441.74M	85.17M	188.99M	95.38M	25.50M
Free Cash Flow	295.24M	0.95M	-74.64M	82.54M	17.95M
Capital Expenditures	-146.50M	-84.23M	-263.64M	-12.84M	-7.55M
Investing & Financing
Investing Cash Flow	-340.52M	-2.44M	-333.26M	93.98M	8.10M
Financing Cash Flow	-12.69M	-73.48M	-24.30M	-2.54M	-0.68M
Operating Activities
Operating Cash Flow	441.74M	85.17M	188.99M	95.38M	25.50M
Net Income	300.15M	225.16M	671.42M	148.21M	63.09M
Change in Accounts Payable	132.68M	-157.48M	160.34M	73.06M	-21.50M
Change in Accounts Receivable	-177.05M	-57.37M	-23.67M	-66.62M	16.74M
Change in Inventory	80.21M	-22.10M	-24.95M	2.68M	1.17M
Change in Other Net Operating Assets	-79.35M	-84.31M	-36.36M	-14.30M	-15.55M
Change in Unearned Revenue	76.37M	110.96M	—	—	—
Change in Working Capital	32.86M	-210.31M	75.36M	-5.18M	-19.13M
Other Operating Activities	78.64M	27.43M	5.00M	19.97M	2.20M
Provision & Write-off of Bad Debts	-10.32M	-0.98M	-1.04M	-2.90M	5.37M
Depreciation & Amortization	95.41M	84.20M	21.62M	5.89M	2.11M
Other Amortization	233.00K	63.00K	34.00K	366.00K	27.00K
Cash Interest Paid	5.21M	5.78M	2.29M	0.88M	0.57M
Cash Income Tax Paid	17.64M	—	—	—	—
Loss (Gain) on Equity Investments	-49.08M	-36.84M	-28.00M	-10.74M	-3.16M
Asset Writedown & Restructuring Costs	-1.47M	-0.82M	-8.78M	—	—
Investing Activities
Investing Cash Flow	-340.52M	-2.44M	-333.26M	93.98M	8.10M
Capital Expenditures	-146.50M	-84.23M	-263.64M	-12.84M	-7.55M
Cash Acquisitions	—	-143.68M	21.74M	14.40M	103.75M
Divestitures	—	—	209.62M	—	—
Investment in Securities	33.69M	215.64M	-238.87M	77.29M	-90.23M
Other Investing Activities	-136.88M	9.20M	-63.70M	9.98M	2.15M
Sale (Purchase) of Intangibles	-550.00K	-407.00K	-71.00K	-544.00K	-28.00K
Sale (Purchase) of Real Estate	-90.59M	—	—	5.70M	—
Sale of Property, Plant & Equipment	0.31M	1.03M	1.66M	—	0.01M
Loss (Gain) From Sale of Assets	-0.27M	3.77M	-137.04M	-5.70M	—
Loss (Gain) on Sale of Investments	-0.06M	-18.66M	-417.48M	-58.08M	-25.00M
Financing Activities
Financing Cash Flow	-12.69M	-73.48M	-24.30M	-2.54M	-0.68M
Long-Term Debt Issued	—	—	141.00K	—	—
Long-Term Debt Repaid	-91.94M	-89.92M	-20.44M	-1.46M	-0.68M
Total Debt Repaid	-91.94M	-89.92M	-20.44M	-1.46M	-0.68M
Net Debt Issued (Repaid)	-91.94M	-89.92M	-20.30M	-1.46M	-0.68M
Other Financing Activities	79.25M	16.44M	-4.00M	-1.08M	—
Free Cash Flow & Returns
Free Cash Flow	295.24M	0.95M	-74.64M	82.54M	17.95M
Free Cash Flow Growth	+31,141.9%	—	—	+359.9%	-73.2%
Free Cash Flow Margin	+16.7%	+0.1%	-12.3%	+23.1%	+5.1%
Free Cash Flow Per Share	1.18	0.00	-0.30	0.33	0.07
Levered Free Cash Flow	264.15M	-196.27M	-158.45M	6.16M	20.73M
Unlevered Free Cash Flow	273.15M	-188.96M	-156.44M	6.26M	21.11M
Operating Cash Flow Growth	+418.6%	-54.9%	+98.1%	+274.1%	-62.4%
Net Cash Flow	87.70M	9.61M	-168.95M	186.47M	32.79M
Foreign Exchange Rate Adjustments	-831.00K	363.00K	-386.00K	-351.00K	-134.00K