Financials

1-5

	CurrentMar 10, 2026	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Market & Price
Market Capitalization	0.63B	0.82B	0.91B	1.03B	1.36B
Market Cap Growth	-23.3%	-9.4%	-11.4%	-24.6%	+49.7%
Enterprise Value	1.99B	2.22B	2.42B	2.56B	2.75B
Last Close Price	0.24	0.32	0.35	0.40	0.52
Valuation Multiples
PE Ratio	9.42	100.26	—	—	66.59
PS Ratio	4.71	6.10	2.62	7.02	12.47
PB Ratio	0.22	0.28	0.31	0.33	0.42
P/TBV Ratio	0.22	0.28	0.31	0.33	0.42
P/FCF Ratio	2.37	—	6.50	9.84	9.02
P/OCF Ratio	2.36	—	6.50	9.80	9.02
EV/Sales Ratio	14.76	16.44	6.94	17.48	25.13
EV/EBITDA Ratio	64.39	—	—	—	—
EV/FCF Ratio	7.42	—	17.26	24.50	18.18
Leverage & Capital
Debt / Equity Ratio	0.47	0.48	0.50	0.50	0.46
Debt / EBITDA Ratio	44.58	—	—	—	—
Debt / FCF Ratio	5.14	—	10.44	14.86	10.03
Net Debt / Equity Ratio	0.46	0.47	0.50	0.49	0.45
Net Debt / EBITDA Ratio	45.78	-115.61	-11.40	-23.78	-28.50
Net Debt / FCF Ratio	5.05	-281.84	10.37	14.71	9.65
Efficiency & Liquidity
Asset Turnover	0.03	0.03	0.07	0.03	0.02
Inventory Turnover	0.16	0.17	1.76	0.53	0.39
Quick Ratio	0.82	0.50	0.93	1.30	3.35
Current Ratio	1.59	1.07	1.21	1.47	3.68
Returns & Yields
Return on Equity (ROE)	+2.3%	+0.3%	-6.6%	-4.8%	+0.6%
Return on Assets (ROA)	+0.3%	-0.2%	-1.6%	-0.8%	-0.6%
Return on Capital Employed (ROCE)	+0.6%	-0.5%	-3.5%	-1.8%	-1.1%
Earnings Yield	+10.6%	+1.0%	-21.8%	-14.9%	+1.5%
FCF Yield	+42.2%	-0.6%	+15.4%	+10.2%	+11.1%

Manazel

Manazel PJSC

MANAZELStocksAbu Dhabi Securities ExchangeReal EstateMarket closed

AED 0.24

Official close

+0.4%

Price as of March 27, 2026 · Market close

Prices may be delayed by up to 30 minutes.

1-5

	CurrentMar 10, 2026	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Market & Price
Market Capitalization	0.63B	0.82B	0.91B	1.03B	1.36B
Market Cap Growth	-23.3%	-9.4%	-11.4%	-24.6%	+49.7%
Enterprise Value	1.99B	2.22B	2.42B	2.56B	2.75B
Last Close Price	0.24	0.32	0.35	0.40	0.52
Valuation Multiples
PE Ratio	9.42	100.26	—	—	66.59
PS Ratio	4.71	6.10	2.62	7.02	12.47
PB Ratio	0.22	0.28	0.31	0.33	0.42
P/TBV Ratio	0.22	0.28	0.31	0.33	0.42
P/FCF Ratio	2.37	—	6.50	9.84	9.02
P/OCF Ratio	2.36	—	6.50	9.80	9.02
EV/Sales Ratio	14.76	16.44	6.94	17.48	25.13
EV/EBITDA Ratio	64.39	—	—	—	—
EV/FCF Ratio	7.42	—	17.26	24.50	18.18
Leverage & Capital
Debt / Equity Ratio	0.47	0.48	0.50	0.50	0.46
Debt / EBITDA Ratio	44.58	—	—	—	—
Debt / FCF Ratio	5.14	—	10.44	14.86	10.03
Net Debt / Equity Ratio	0.46	0.47	0.50	0.49	0.45
Net Debt / EBITDA Ratio	45.78	-115.61	-11.40	-23.78	-28.50
Net Debt / FCF Ratio	5.05	-281.84	10.37	14.71	9.65
Efficiency & Liquidity
Asset Turnover	0.03	0.03	0.07	0.03	0.02
Inventory Turnover	0.16	0.17	1.76	0.53	0.39
Quick Ratio	0.82	0.50	0.93	1.30	3.35
Current Ratio	1.59	1.07	1.21	1.47	3.68
Returns & Yields
Return on Equity (ROE)	+2.3%	+0.3%	-6.6%	-4.8%	+0.6%
Return on Assets (ROA)	+0.3%	-0.2%	-1.6%	-0.8%	-0.6%
Return on Capital Employed (ROCE)	+0.6%	-0.5%	-3.5%	-1.8%	-1.1%
Earnings Yield	+10.6%	+1.0%	-21.8%	-14.9%	+1.5%
FCF Yield	+42.2%	-0.6%	+15.4%	+10.2%	+11.1%