TABREED

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

TABREEDStocksDubai Financial MarketUtilities

Financials

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	0.65B	0.67B	0.88B	1.17B	1.02B
Inventory	84.95M	82.58M	78.31M	77.55M	74.20M
Current Assets	1.66B	3.08B	2.02B	2.18B	2.05B
Total Assets	14.58B	15.01B	14.00B	14.17B	14.12B
Liabilities
Current Liabilities	0.90B	2.90B	1.85B	2.19B	4.29B
Long-Term Debt	6.13B	4.52B	4.52B	4.52B	1.96B
Total Debt	6.50B	6.55B	5.67B	5.65B	5.65B
Total Liabilities	7.91B	8.31B	7.24B	7.58B	7.15B
Equity & Ownership
Total Equity	6.67B	6.70B	6.76B	6.59B	6.96B
Shares Outstanding	2,829,808,000	2,841,956,000	2,841,956,000	2,841,956,000	2,841,956,000
Cash & Assets
Total Assets	14.58B	15.01B	14.00B	14.17B	14.12B
Total Current Assets	1.66B	3.08B	2.02B	2.18B	2.05B
Cash & Equivalents	0.65B	0.67B	0.88B	1.17B	1.02B
Net Cash (Debt)	-5.79B	-5.88B	-4.79B	-4.48B	-4.50B
Net Cash Per Share	-2.05	-2.07	-1.69	-1.58	-1.58
Accounts Receivable	0.84B	1.14B	1.06B	0.93B	0.75B
Inventory	84.95M	82.58M	78.31M	77.55M	74.20M
Prepaid Expenses	27.11M	—	—	—	20.59M
Construction In Progress	244.90M	—	—	—	306.58M
Land	4.59B	—	—	—	4.45B
Machinery	2.34B	—	—	—	2.29B
Property, Plant & Equipment	4.97B	5.03B	5.02B	4.99B	5.01B
Goodwill	319.21M	—	—	—	319.21M
Other Intangible Assets	3.56B	3.91B	3.93B	3.95B	3.66B
Other Current Assets	0.01B	1.19B	—	—	0.06B
Other Long-Term Assets	—	—	—	—	—
Long-Term Deferred Tax Assets	—	—	—	—	—
Long-Term Deferred Tax Assets	—	—	—	—	—
Long-Term Accounts Receivable	2.33B	2.35B	2.40B	2.41B	2.44B
Long-Term Leases	126.44M	144.97M	153.32M	130.91M	139.94M
Current Portion of Leases	51.73M	48.53M	51.47M	51.47M	51.91M
Loans & Investments
Long-Term Investments	1.73B	0.64B	0.63B	0.64B	0.63B
Short-Term Investments	54.35M	—	—	—	121.12M
Liabilities & Obligations
Total Liabilities	7.91B	8.31B	7.24B	7.58B	7.15B
Total Liabilities & Equity	14.58B	15.01B	14.00B	14.17B	14.12B
Total Current Liabilities	0.90B	2.90B	1.85B	2.19B	4.29B
Accounts Payable	0.10B	0.78B	0.75B	0.67B	0.09B
Accrued Expenses	279.66M	—	—	—	288.40M
Current Income Taxes Payable	57.57M	47.95M	95.13M	77.17M	63.91M
Current Unearned Revenue	33.08M	—	—	—	22.34M
Long-Term Unearned Revenue	317.18M	—	—	—	318.03M
Other Current Liabilities	175.28M	184.73M	—	440.58M	281.60M
Other Long-Term Liabilities	36.90M	339.17M	312.82M	331.14M	34.33M
Pension & Post-Retirement Benefits	53.60M	53.07M	52.28M	51.06M	50.18M
Long-Term Deferred Tax Liabilities	351.18M	352.95M	353.42M	357.22M	360.94M
Debt & Funding
Total Debt	6.50B	6.55B	5.67B	5.65B	5.65B
Current Portion of Long-Term Debt	0.20B	1.84B	0.95B	0.95B	3.50B
Long-Term Debt	6.13B	4.52B	4.52B	4.52B	1.96B
Equity & Book Value
Shareholders' Equity	6.67B	6.70B	6.76B	6.59B	6.96B
Total Common Equity	6.08B	6.10B	6.15B	5.99B	6.34B
Common Stock	2.85B	2.85B	2.85B	2.85B	2.85B
Retained Earnings	3.28B	3.25B	3.29B	3.13B	3.46B
Treasury Stock	-6.35M	-3.31M	-3.31M	-3.31M	-3.31M
Comprehensive Income & Other	-44.85M	5.01M	17.44M	16.61M	44.86M
Minority Interest	593.30M	597.57M	608.29M	600.39M	618.31M
Book Value Per Share	2.15	2.15	2.16	2.11	2.23
Tangible Book Value	2.20B	2.19B	2.22B	2.04B	2.36B
Tangible Book Value Per Share	0.78	0.77	0.78	0.72	0.83
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	0.18B	0.17B	-0.02B	-2.24B

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	0.65B	0.67B	0.88B	1.17B	1.02B
Inventory	84.95M	82.58M	78.31M	77.55M	74.20M
Current Assets	1.66B	3.08B	2.02B	2.18B	2.05B
Total Assets	14.58B	15.01B	14.00B	14.17B	14.12B
Liabilities
Current Liabilities	0.90B	2.90B	1.85B	2.19B	4.29B
Long-Term Debt	6.13B	4.52B	4.52B	4.52B	1.96B
Total Debt	6.50B	6.55B	5.67B	5.65B	5.65B
Total Liabilities	7.91B	8.31B	7.24B	7.58B	7.15B
Equity & Ownership
Total Equity	6.67B	6.70B	6.76B	6.59B	6.96B
Shares Outstanding	2,829,808,000	2,841,956,000	2,841,956,000	2,841,956,000	2,841,956,000
Cash & Assets
Total Assets	14.58B	15.01B	14.00B	14.17B	14.12B
Total Current Assets	1.66B	3.08B	2.02B	2.18B	2.05B
Cash & Equivalents	0.65B	0.67B	0.88B	1.17B	1.02B
Net Cash (Debt)	-5.79B	-5.88B	-4.79B	-4.48B	-4.50B
Net Cash Per Share	-2.05	-2.07	-1.69	-1.58	-1.58
Accounts Receivable	0.84B	1.14B	1.06B	0.93B	0.75B
Inventory	84.95M	82.58M	78.31M	77.55M	74.20M
Prepaid Expenses	27.11M	—	—	—	20.59M
Construction In Progress	244.90M	—	—	—	306.58M
Land	4.59B	—	—	—	4.45B
Machinery	2.34B	—	—	—	2.29B
Property, Plant & Equipment	4.97B	5.03B	5.02B	4.99B	5.01B
Goodwill	319.21M	—	—	—	319.21M
Other Intangible Assets	3.56B	3.91B	3.93B	3.95B	3.66B
Other Current Assets	0.01B	1.19B	—	—	0.06B
Other Long-Term Assets	—	—	—	—	—
Long-Term Deferred Tax Assets	—	—	—	—	—
Long-Term Deferred Tax Assets	—	—	—	—	—
Long-Term Accounts Receivable	2.33B	2.35B	2.40B	2.41B	2.44B
Long-Term Leases	126.44M	144.97M	153.32M	130.91M	139.94M
Current Portion of Leases	51.73M	48.53M	51.47M	51.47M	51.91M
Loans & Investments
Long-Term Investments	1.73B	0.64B	0.63B	0.64B	0.63B
Short-Term Investments	54.35M	—	—	—	121.12M
Liabilities & Obligations
Total Liabilities	7.91B	8.31B	7.24B	7.58B	7.15B
Total Liabilities & Equity	14.58B	15.01B	14.00B	14.17B	14.12B
Total Current Liabilities	0.90B	2.90B	1.85B	2.19B	4.29B
Accounts Payable	0.10B	0.78B	0.75B	0.67B	0.09B
Accrued Expenses	279.66M	—	—	—	288.40M
Current Income Taxes Payable	57.57M	47.95M	95.13M	77.17M	63.91M
Current Unearned Revenue	33.08M	—	—	—	22.34M
Long-Term Unearned Revenue	317.18M	—	—	—	318.03M
Other Current Liabilities	175.28M	184.73M	—	440.58M	281.60M
Other Long-Term Liabilities	36.90M	339.17M	312.82M	331.14M	34.33M
Pension & Post-Retirement Benefits	53.60M	53.07M	52.28M	51.06M	50.18M
Long-Term Deferred Tax Liabilities	351.18M	352.95M	353.42M	357.22M	360.94M
Debt & Funding
Total Debt	6.50B	6.55B	5.67B	5.65B	5.65B
Current Portion of Long-Term Debt	0.20B	1.84B	0.95B	0.95B	3.50B
Long-Term Debt	6.13B	4.52B	4.52B	4.52B	1.96B
Equity & Book Value
Shareholders' Equity	6.67B	6.70B	6.76B	6.59B	6.96B
Total Common Equity	6.08B	6.10B	6.15B	5.99B	6.34B
Common Stock	2.85B	2.85B	2.85B	2.85B	2.85B
Retained Earnings	3.28B	3.25B	3.29B	3.13B	3.46B
Treasury Stock	-6.35M	-3.31M	-3.31M	-3.31M	-3.31M
Comprehensive Income & Other	-44.85M	5.01M	17.44M	16.61M	44.86M
Minority Interest	593.30M	597.57M	608.29M	600.39M	618.31M
Book Value Per Share	2.15	2.15	2.16	2.11	2.23
Tangible Book Value	2.20B	2.19B	2.22B	2.04B	2.36B
Tangible Book Value Per Share	0.78	0.77	0.78	0.72	0.83
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	0.18B	0.17B	-0.02B	-2.24B