TABREED

National Central Cooling Co. (P.S.C.) (Tabreed)

TABREEDStocksDubai Financial MarketUtilities

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	0.65B	1.02B	1.51B	1.77B	1.20B
Inventory	84.95M	74.20M	69.69M	60.03M	50.84M
Current Assets	1.66B	2.05B	2.63B	3.07B	2.26B
Total Assets	14.58B	14.12B	14.84B	15.45B	14.83B
Liabilities
Current Liabilities	0.90B	4.29B	0.90B	0.82B	0.86B
Long-Term Debt	6.13B	1.96B	6.15B	7.05B	7.07B
Total Debt	6.50B	5.65B	6.44B	7.31B	7.38B
Total Liabilities	7.91B	7.15B	7.90B	8.30B	8.39B
Equity & Ownership
Total Equity	6.67B	6.96B	6.94B	7.15B	6.45B
Shares Outstanding	2,829,808,000	2,841,956,000	2,841,965,000	2,841,965,000	2,841,965,000
Cash & Assets
Total Assets	14.58B	14.12B	14.84B	15.45B	14.83B
Total Current Assets	1.66B	2.05B	2.63B	3.07B	2.26B
Cash & Equivalents	0.65B	1.02B	1.51B	1.77B	1.20B
Net Cash (Debt)	-5.79B	-4.50B	-4.83B	-5.43B	-6.08B
Net Cash Per Share	-2.04	-1.58	-1.70	-1.91	-2.14
Accounts Receivable	837.93M	753.49M	749.29M	834.34M	882.05M
Inventory	84.95M	74.20M	69.69M	60.03M	50.84M
Prepaid Expenses	27.11M	20.59M	17.03M	15.18M	14.33M
Construction In Progress	244.90M	306.58M	258.28M	252.04M	201.66M
Land	4.59B	4.45B	4.32B	4.33B	4.27B
Machinery	2.34B	2.29B	2.23B	2.35B	2.27B
Property, Plant & Equipment	4.97B	5.01B	5.00B	5.20B	5.22B
Goodwill	319.21M	319.21M	319.21M	319.21M	347.73M
Other Intangible Assets	3.56B	3.66B	3.73B	3.83B	3.94B
Other Current Assets	5.21M	56.88M	181.95M	274.33M	20.54M
Long-Term Accounts Receivable	2.33B	2.44B	2.52B	2.58B	2.69B
Long-Term Leases	126.44M	139.94M	177.00M	170.49M	200.58M
Current Portion of Leases	51.73M	51.91M	53.05M	46.32M	46.69M
Loans & Investments
Long-Term Investments	1.73B	0.63B	0.64B	0.46B	0.37B
Short-Term Investments	54.35M	121.12M	102.37M	108.91M	97.68M
Liabilities & Obligations
Total Liabilities	7.91B	7.15B	7.90B	8.30B	8.39B
Total Liabilities & Equity	14.58B	14.12B	14.84B	15.45B	14.83B
Total Current Liabilities	0.90B	4.29B	0.90B	0.82B	0.86B
Accounts Payable	103.86M	86.68M	80.72M	61.12M	54.17M
Accrued Expenses	279.66M	288.40M	347.81M	257.17M	322.97M
Current Income Taxes Payable	57.57M	63.91M	—	—	—
Current Unearned Revenue	33.08M	22.34M	81.17M	103.67M	100.78M
Long-Term Unearned Revenue	317.18M	318.03M	255.11M	207.99M	204.99M
Other Current Liabilities	175.28M	281.60M	275.84M	304.64M	274.62M
Other Long-Term Liabilities	36.90M	34.33M	13.56M	10.57M	10.07M
Pension & Post-Retirement Benefits	53.60M	50.18M	45.26M	42.71M	41.29M
Long-Term Deferred Tax Liabilities	351.18M	360.94M	358.80M	—	—
Debt & Funding
Total Debt	6.50B	5.65B	6.44B	7.31B	7.38B
Current Portion of Long-Term Debt	0.20B	3.50B	0.06B	0.05B	0.06B
Long-Term Debt	6.13B	1.96B	6.15B	7.05B	7.07B
Equity & Book Value
Shareholders' Equity	6.67B	6.96B	6.94B	7.15B	6.45B
Total Common Equity	6.08B	6.34B	6.32B	6.47B	5.75B
Common Stock	2.85B	2.85B	2.85B	2.85B	2.78B
Retained Earnings	3.28B	3.46B	3.33B	3.28B	2.92B
Treasury Stock	-6.35M	-3.31M	-3.30M	-3.30M	-3.22M
Comprehensive Income & Other	-44.85M	44.86M	148.03M	352.64M	56.69M
Minority Interest	593.30M	618.31M	625.72M	679.27M	700.25M
Book Value Per Share	2.15	2.23	2.22	2.28	2.02
Tangible Book Value	2.20B	2.36B	2.27B	2.32B	1.46B
Tangible Book Value Per Share	0.78	0.83	0.80	0.82	0.51
Filing Date Shares Outstanding	2.83B	2.84B	2.84B	2.84B	2.84B
Total Common Shares Outstanding	2.83B	2.84B	2.84B	2.84B	2.84B
Working Capital	0.77B	-2.24B	1.73B	2.25B	1.40B

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	0.65B	1.02B	1.51B	1.77B	1.20B
Inventory	84.95M	74.20M	69.69M	60.03M	50.84M
Current Assets	1.66B	2.05B	2.63B	3.07B	2.26B
Total Assets	14.58B	14.12B	14.84B	15.45B	14.83B
Liabilities
Current Liabilities	0.90B	4.29B	0.90B	0.82B	0.86B
Long-Term Debt	6.13B	1.96B	6.15B	7.05B	7.07B
Total Debt	6.50B	5.65B	6.44B	7.31B	7.38B
Total Liabilities	7.91B	7.15B	7.90B	8.30B	8.39B
Equity & Ownership
Total Equity	6.67B	6.96B	6.94B	7.15B	6.45B
Shares Outstanding	2,829,808,000	2,841,956,000	2,841,965,000	2,841,965,000	2,841,965,000
Cash & Assets
Total Assets	14.58B	14.12B	14.84B	15.45B	14.83B
Total Current Assets	1.66B	2.05B	2.63B	3.07B	2.26B
Cash & Equivalents	0.65B	1.02B	1.51B	1.77B	1.20B
Net Cash (Debt)	-5.79B	-4.50B	-4.83B	-5.43B	-6.08B
Net Cash Per Share	-2.04	-1.58	-1.70	-1.91	-2.14
Accounts Receivable	837.93M	753.49M	749.29M	834.34M	882.05M
Inventory	84.95M	74.20M	69.69M	60.03M	50.84M
Prepaid Expenses	27.11M	20.59M	17.03M	15.18M	14.33M
Construction In Progress	244.90M	306.58M	258.28M	252.04M	201.66M
Land	4.59B	4.45B	4.32B	4.33B	4.27B
Machinery	2.34B	2.29B	2.23B	2.35B	2.27B
Property, Plant & Equipment	4.97B	5.01B	5.00B	5.20B	5.22B
Goodwill	319.21M	319.21M	319.21M	319.21M	347.73M
Other Intangible Assets	3.56B	3.66B	3.73B	3.83B	3.94B
Other Current Assets	5.21M	56.88M	181.95M	274.33M	20.54M
Long-Term Accounts Receivable	2.33B	2.44B	2.52B	2.58B	2.69B
Long-Term Leases	126.44M	139.94M	177.00M	170.49M	200.58M
Current Portion of Leases	51.73M	51.91M	53.05M	46.32M	46.69M
Loans & Investments
Long-Term Investments	1.73B	0.63B	0.64B	0.46B	0.37B
Short-Term Investments	54.35M	121.12M	102.37M	108.91M	97.68M
Liabilities & Obligations
Total Liabilities	7.91B	7.15B	7.90B	8.30B	8.39B
Total Liabilities & Equity	14.58B	14.12B	14.84B	15.45B	14.83B
Total Current Liabilities	0.90B	4.29B	0.90B	0.82B	0.86B
Accounts Payable	103.86M	86.68M	80.72M	61.12M	54.17M
Accrued Expenses	279.66M	288.40M	347.81M	257.17M	322.97M
Current Income Taxes Payable	57.57M	63.91M	—	—	—
Current Unearned Revenue	33.08M	22.34M	81.17M	103.67M	100.78M
Long-Term Unearned Revenue	317.18M	318.03M	255.11M	207.99M	204.99M
Other Current Liabilities	175.28M	281.60M	275.84M	304.64M	274.62M
Other Long-Term Liabilities	36.90M	34.33M	13.56M	10.57M	10.07M
Pension & Post-Retirement Benefits	53.60M	50.18M	45.26M	42.71M	41.29M
Long-Term Deferred Tax Liabilities	351.18M	360.94M	358.80M	—	—
Debt & Funding
Total Debt	6.50B	5.65B	6.44B	7.31B	7.38B
Current Portion of Long-Term Debt	0.20B	3.50B	0.06B	0.05B	0.06B
Long-Term Debt	6.13B	1.96B	6.15B	7.05B	7.07B
Equity & Book Value
Shareholders' Equity	6.67B	6.96B	6.94B	7.15B	6.45B
Total Common Equity	6.08B	6.34B	6.32B	6.47B	5.75B
Common Stock	2.85B	2.85B	2.85B	2.85B	2.78B
Retained Earnings	3.28B	3.46B	3.33B	3.28B	2.92B
Treasury Stock	-6.35M	-3.31M	-3.30M	-3.30M	-3.22M
Comprehensive Income & Other	-44.85M	44.86M	148.03M	352.64M	56.69M
Minority Interest	593.30M	618.31M	625.72M	679.27M	700.25M
Book Value Per Share	2.15	2.23	2.22	2.28	2.02
Tangible Book Value	2.20B	2.36B	2.27B	2.32B	1.46B
Tangible Book Value Per Share	0.78	0.83	0.80	0.82	0.51
Filing Date Shares Outstanding	2.83B	2.84B	2.84B	2.84B	2.84B
Total Common Shares Outstanding	2.83B	2.84B	2.84B	2.84B	2.84B
Working Capital	0.77B	-2.24B	1.73B	2.25B	1.40B