Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Assets
Cash & Equivalents	4.98B	3.99B	5.37B	4.84B	4.99B
Cash & Short-Term Investments	6.39B	5.33B	6.59B	6.03B	6.05B
Receivables	18.87B	20.65B	16.75B	14.00B	14.90B
Inventory	885.90M	901.52M	837.65M	758.88M	718.48M
Current Assets	29.40B	30.02B	27.07B	23.20B	23.94B
PP&E	8.04B	7.76B	7.72B	7.63B	7.28B
Goodwill	154.30M	169.52M	169.58M	5.06M	5.06M
Total Assets	39.68B	39.79B	36.70B	32.73B	33.20B
Liabilities
Accounts Payable	3.44B	3.12B	2.19B	3.20B	2.36B
Current Liabilities	22.27B	23.47B	21.30B	18.58B	18.91B
Long-Term Debt	0.47B	0.68B	0.77B	0.65B	0.74B
Short-Term Debt	—	1.31B	0.51B	—	—
Total Debt	1.63B	2.97B	2.28B	1.54B	1.56B
Total Liabilities	23.80B	25.14B	23.07B	20.17B	20.57B
Equity & Ownership
Retained Earnings	12.69B	11.61B	10.69B	9.80B	9.77B
Total Equity	15.88B	14.65B	13.64B	12.57B	12.63B
Net Debt	-4.76B	-2.36B	-4.31B	-4.49B	-4.49B
Shares Outstanding	844,379,653	844,379,000	844,379,000	844,379,653	844,379,653
Cash & Assets
Total Assets	39.68B	39.79B	36.70B	32.73B	33.20B
Total Current Assets	29.40B	30.02B	27.07B	23.20B	23.94B
Cash & Equivalents	4.98B	3.99B	5.37B	4.84B	4.99B
Cash & Short-Term Investments	6.39B	5.33B	6.59B	6.03B	6.05B
Net Cash (Debt)	4.76B	2.36B	4.31B	4.49B	4.49B
Net Cash Per Share	5.64	2.79	5.11	5.32	5.31
Cash Growth	+5.7%	-13.1%	+71.8%	+44.1%	+26.5%
Net Cash Growth	+6.2%	-48.2%	+2,196.6%	+105.8%	+48.6%
Accounts Receivable	17.80B	19.26B	15.90B	13.37B	14.20B
Other Receivables	1.07B	1.39B	0.85B	0.64B	0.70B
Receivables	18.87B	20.65B	16.75B	14.00B	14.90B
Inventory	885.90M	901.52M	837.65M	758.88M	718.48M
Construction In Progress	0.86B	0.87B	1.22B	1.15B	1.07B
Buildings	922.10M	886.68M	663.89M	661.55M	644.51M
Machinery	11.42B	11.03B	10.61B	10.26B	9.94B
Property, Plant & Equipment	8.04B	7.76B	7.72B	7.63B	7.28B
Goodwill	154.30M	169.52M	169.58M	5.06M	5.06M
Other Current Assets	3.25B	3.13B	2.89B	2.41B	2.28B
Other Long-Term Assets	322.00M	322.00M	322.00M	322.00M	322.00M
Long-Term Deferred Tax Assets	3.28M	3.62M	3.50M	3.49M	3.75M
Long-Term Accounts Receivable	1.19B	0.94B	0.88B	1.04B	1.14B
Long-Term Leases	475.70M	409.55M	430.21M	412.66M	394.59M
Current Portion of Leases	202.22M	184.53M	159.80M	134.83M	87.40M
Loans & Investments
Trading Asset Securities	700.68M	683.24M	565.50M	587.42M	640.86M
Short-Term Investments	711.47M	656.24M	653.65M	603.55M	412.08M
Long-Term Investments	575.58M	569.21M	549.26M	529.51M	507.12M
Liabilities & Obligations
Total Liabilities	23.80B	25.14B	23.07B	20.17B	20.57B
Total Liabilities & Equity	39.68B	39.79B	36.70B	32.73B	33.20B
Total Current Liabilities	22.27B	23.47B	21.30B	18.58B	18.91B
Accounts Payable	3.44B	3.12B	2.19B	3.20B	2.36B
Accrued Expenses	736.00M	337.72M	221.28M	121.35M	775.15M
Current Income Taxes Payable	652.90M	452.52M	611.51M	485.49M	358.11M
Current Unearned Revenue	8.37B	4.60B	8.56B	6.17B	7.69B
Other Current Liabilities	8.39B	13.07B	8.63B	8.13B	7.29B
Pension & Post-Retirement Benefits	590.84M	577.49M	565.37M	519.26M	507.58M
Long-Term Deferred Tax Liabilities	—	0.78M	0.78M	—	16.12M
Other Long-Term Liabilities	—	—	—	3.52M	15.22M
Debt & Funding
Long-Term Debt	0.47B	0.68B	0.77B	0.65B	0.74B
Short-Term Debt	—	1.31B	0.51B	—	—
Total Debt	1.63B	2.97B	2.28B	1.54B	1.56B
Current Portion of Long-Term Debt	480.27M	385.85M	406.42M	342.35M	342.35M
Equity & Book Value
Shareholders' Equity	15.88B	14.65B	13.64B	12.57B	12.63B
Total Common Equity	14.39B	13.31B	12.39B	11.47B	11.42B
Common Stock	844.38M	844.38M	844.38M	844.38M	844.38M
Additional Paid-In Capital	605.42M	605.42M	605.42M	605.42M	605.42M
Retained Earnings	12.69B	11.61B	10.69B	9.80B	9.77B
Comprehensive Income & Other	248.83M	251.40M	248.35M	215.47M	200.33M
Minority Interest	1.49B	1.34B	1.25B	1.10B	1.21B
Book Value Per Share	17.05	15.76	14.67	13.58	13.52
Tangible Book Value	14.24B	13.14B	12.22B	11.46B	11.41B
Tangible Book Value Per Share	16.86	15.56	14.47	13.58	13.52
Filing Date Shares Outstanding	844.38M	844.38M	844.38M	844.38M	844.38M
Total Common Shares Outstanding	844.38M	844.38M	844.38M	844.38M	844.38M
Working Capital	7.13B	6.55B	5.77B	4.62B	5.04B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Assets
Cash & Equivalents	4.98B	3.99B	5.37B	4.84B	4.99B
Cash & Short-Term Investments	6.39B	5.33B	6.59B	6.03B	6.05B
Receivables	18.87B	20.65B	16.75B	14.00B	14.90B
Inventory	885.90M	901.52M	837.65M	758.88M	718.48M
Current Assets	29.40B	30.02B	27.07B	23.20B	23.94B
PP&E	8.04B	7.76B	7.72B	7.63B	7.28B
Goodwill	154.30M	169.52M	169.58M	5.06M	5.06M
Total Assets	39.68B	39.79B	36.70B	32.73B	33.20B
Liabilities
Accounts Payable	3.44B	3.12B	2.19B	3.20B	2.36B
Current Liabilities	22.27B	23.47B	21.30B	18.58B	18.91B
Long-Term Debt	0.47B	0.68B	0.77B	0.65B	0.74B
Short-Term Debt	—	1.31B	0.51B	—	—
Total Debt	1.63B	2.97B	2.28B	1.54B	1.56B
Total Liabilities	23.80B	25.14B	23.07B	20.17B	20.57B
Equity & Ownership
Retained Earnings	12.69B	11.61B	10.69B	9.80B	9.77B
Total Equity	15.88B	14.65B	13.64B	12.57B	12.63B
Net Debt	-4.76B	-2.36B	-4.31B	-4.49B	-4.49B
Shares Outstanding	844,379,653	844,379,000	844,379,000	844,379,653	844,379,653
Cash & Assets
Total Assets	39.68B	39.79B	36.70B	32.73B	33.20B
Total Current Assets	29.40B	30.02B	27.07B	23.20B	23.94B
Cash & Equivalents	4.98B	3.99B	5.37B	4.84B	4.99B
Cash & Short-Term Investments	6.39B	5.33B	6.59B	6.03B	6.05B
Net Cash (Debt)	4.76B	2.36B	4.31B	4.49B	4.49B
Net Cash Per Share	5.64	2.79	5.11	5.32	5.31
Cash Growth	+5.7%	-13.1%	+71.8%	+44.1%	+26.5%
Net Cash Growth	+6.2%	-48.2%	+2,196.6%	+105.8%	+48.6%
Accounts Receivable	17.80B	19.26B	15.90B	13.37B	14.20B
Other Receivables	1.07B	1.39B	0.85B	0.64B	0.70B
Receivables	18.87B	20.65B	16.75B	14.00B	14.90B
Inventory	885.90M	901.52M	837.65M	758.88M	718.48M
Construction In Progress	0.86B	0.87B	1.22B	1.15B	1.07B
Buildings	922.10M	886.68M	663.89M	661.55M	644.51M
Machinery	11.42B	11.03B	10.61B	10.26B	9.94B
Property, Plant & Equipment	8.04B	7.76B	7.72B	7.63B	7.28B
Goodwill	154.30M	169.52M	169.58M	5.06M	5.06M
Other Current Assets	3.25B	3.13B	2.89B	2.41B	2.28B
Other Long-Term Assets	322.00M	322.00M	322.00M	322.00M	322.00M
Long-Term Deferred Tax Assets	3.28M	3.62M	3.50M	3.49M	3.75M
Long-Term Accounts Receivable	1.19B	0.94B	0.88B	1.04B	1.14B
Long-Term Leases	475.70M	409.55M	430.21M	412.66M	394.59M
Current Portion of Leases	202.22M	184.53M	159.80M	134.83M	87.40M
Loans & Investments
Trading Asset Securities	700.68M	683.24M	565.50M	587.42M	640.86M
Short-Term Investments	711.47M	656.24M	653.65M	603.55M	412.08M
Long-Term Investments	575.58M	569.21M	549.26M	529.51M	507.12M
Liabilities & Obligations
Total Liabilities	23.80B	25.14B	23.07B	20.17B	20.57B
Total Liabilities & Equity	39.68B	39.79B	36.70B	32.73B	33.20B
Total Current Liabilities	22.27B	23.47B	21.30B	18.58B	18.91B
Accounts Payable	3.44B	3.12B	2.19B	3.20B	2.36B
Accrued Expenses	736.00M	337.72M	221.28M	121.35M	775.15M
Current Income Taxes Payable	652.90M	452.52M	611.51M	485.49M	358.11M
Current Unearned Revenue	8.37B	4.60B	8.56B	6.17B	7.69B
Other Current Liabilities	8.39B	13.07B	8.63B	8.13B	7.29B
Pension & Post-Retirement Benefits	590.84M	577.49M	565.37M	519.26M	507.58M
Long-Term Deferred Tax Liabilities	—	0.78M	0.78M	—	16.12M
Other Long-Term Liabilities	—	—	—	3.52M	15.22M
Debt & Funding
Long-Term Debt	0.47B	0.68B	0.77B	0.65B	0.74B
Short-Term Debt	—	1.31B	0.51B	—	—
Total Debt	1.63B	2.97B	2.28B	1.54B	1.56B
Current Portion of Long-Term Debt	480.27M	385.85M	406.42M	342.35M	342.35M
Equity & Book Value
Shareholders' Equity	15.88B	14.65B	13.64B	12.57B	12.63B
Total Common Equity	14.39B	13.31B	12.39B	11.47B	11.42B
Common Stock	844.38M	844.38M	844.38M	844.38M	844.38M
Additional Paid-In Capital	605.42M	605.42M	605.42M	605.42M	605.42M
Retained Earnings	12.69B	11.61B	10.69B	9.80B	9.77B
Comprehensive Income & Other	248.83M	251.40M	248.35M	215.47M	200.33M
Minority Interest	1.49B	1.34B	1.25B	1.10B	1.21B
Book Value Per Share	17.05	15.76	14.67	13.58	13.52
Tangible Book Value	14.24B	13.14B	12.22B	11.46B	11.41B
Tangible Book Value Per Share	16.86	15.56	14.47	13.58	13.52
Filing Date Shares Outstanding	844.38M	844.38M	844.38M	844.38M	844.38M
Total Common Shares Outstanding	844.38M	844.38M	844.38M	844.38M	844.38M
Working Capital	7.13B	6.55B	5.77B	4.62B	5.04B

Financials

Quarterly (AED)

National Marine Dredging

Quarterly (AED)