ADES

Ades Holding Company

2382StocksTadawulEnergy

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Assets
Cash & Equivalents	2.44B	2.46B	0.94B	0.80B	0.30B
Cash & Short-Term Investments	2.44B	2.46B	1.35B	0.89B	0.39B
Receivables	1.73B	1.69B	1.24B	1.43B	1.26B
Inventory	967.30M	947.50M	608.29M	587.04M	562.58M
Current Assets	5.74B	5.67B	3.68B	3.37B	2.83B
PP&E	25.63B	25.49B	18.80B	18.76B	18.19B
Intangible Assets	6.10M	6.16M	3.39M	3.52M	3.70M
Total Assets	31.65B	31.41B	22.64B	22.30B	21.33B
Liabilities
Accounts Payable	2.22B	0.96B	1.37B	1.37B	1.25B
Current Liabilities	5.60B	5.26B	3.38B	3.27B	2.94B
Long-Term Debt	17.73B	17.96B	11.55B	11.20B	10.56B
Short-Term Debt	—	47.09M	48.00M	48.41M	51.63M
Total Debt	20.49B	20.73B	13.44B	13.01B	12.25B
Total Liabilities	24.84B	24.60B	16.01B	15.66B	14.86B
Equity & Ownership
Retained Earnings	2.76B	2.78B	2.57B	2.59B	2.40B
Total Equity	6.81B	6.81B	6.63B	6.64B	6.47B
Net Debt	18.05B	18.28B	12.10B	12.12B	11.86B
Shares Outstanding	1,125,914,285	1,104,150,000	1,100,936,000	1,100,936,000	1,100,936,000
Cash & Assets
Total Assets	31.65B	31.41B	22.64B	22.30B	21.33B
Total Current Assets	5.74B	5.67B	3.68B	3.37B	2.83B
Cash & Equivalents	2.44B	2.46B	0.94B	0.80B	0.30B
Cash & Short-Term Investments	2.44B	2.46B	1.35B	0.89B	0.39B
Net Cash (Debt)	-18.05B	-18.28B	-12.10B	-12.12B	-11.86B
Net Cash Per Share	-16.03	-16.57	-10.99	-11.01	-10.77
Cash Growth	+517.6%	+190.2%	+37.1%	+1.8%	-16.9%
Accounts Receivable	1.72B	1.69B	1.24B	1.43B	1.26B
Other Receivables	1.22M	1.22M	1.22M	1.22M	1.22M
Receivables	1.73B	1.69B	1.24B	1.43B	1.26B
Inventory	967.30M	947.50M	608.29M	587.04M	562.58M
Prepaid Expenses	614.85M	571.85M	487.43M	462.90M	608.68M
Construction In Progress	—	0.44B	0.37B	0.59B	0.72B
Land	—	63.72M	58.48M	58.48M	58.48M
Buildings	—	37.20M	34.45M	34.45M	34.45M
Machinery	—	954.28M	862.48M	777.51M	703.82M
Leasehold Improvements	—	697.85M	697.56M	696.05M	695.03M
Property, Plant & Equipment	25.63B	25.49B	18.80B	18.76B	18.19B
Other Intangible Assets	6.10M	6.16M	3.39M	3.52M	3.70M
Other Current Assets	—	—	—	—	—
Other Long-Term Assets	214.58M	191.52M	112.86M	114.26M	238.52M
Long-Term Accounts Receivable	12.62M	11.98M	—	—	—
Order Backlog	—	—	—	—	—
Long-Term Leases	472.11M	262.93M	289.08M	314.06M	376.42M
Current Portion of Leases	—	222.01M	—	—	—
Loans & Investments
Trading Asset Securities	—	—	317.10M	—	—
Short-Term Investments	—	—	90.35M	89.25M	98.17M
Long-Term Investments	35.95M	40.32M	45.41M	54.78M	68.05M
Liabilities & Obligations
Total Liabilities	24.84B	24.60B	16.01B	15.66B	14.86B
Total Liabilities & Equity	31.65B	31.41B	22.64B	22.30B	21.33B
Total Current Liabilities	5.60B	5.26B	3.38B	3.27B	2.94B
Accounts Payable	2.22B	0.96B	1.37B	1.37B	1.25B
Accrued Expenses	—	446.78M	—	—	—
Current Income Taxes Payable	170.74M	144.99M	58.12M	43.25M	96.67M
Current Unearned Revenue	329.87M	360.21M	328.66M	352.37M	262.78M
Long-Term Unearned Revenue	365.14M	436.25M	447.33M	552.57M	687.25M
Other Current Liabilities	588.57M	834.58M	19.22M	7.19M	7.19M
Pension & Post-Retirement Benefits	—	303.07M	—	—	—
Long-Term Deferred Tax Liabilities	150.03M	144.74M	131.35M	116.40M	103.25M
Other Long-Term Liabilities	530.71M	236.20M	212.35M	208.15M	195.57M
Debt & Funding
Long-Term Debt	17.73B	17.96B	11.55B	11.20B	10.56B
Short-Term Debt	—	47.09M	48.00M	48.41M	51.63M
Total Debt	20.49B	20.73B	13.44B	13.01B	12.25B
Current Portion of Long-Term Debt	2.29B	2.24B	1.55B	1.45B	1.27B
Equity & Book Value
Shareholders' Equity	6.81B	6.81B	6.63B	6.64B	6.47B
Total Common Equity	6.77B	6.78B	6.59B	6.59B	6.42B
Common Stock	1.13B	1.13B	1.13B	1.13B	1.13B
Additional Paid-In Capital	2.89B	2.89B	2.89B	2.89B	2.89B
Retained Earnings	2.76B	2.78B	2.57B	2.59B	2.40B
Treasury Stock	-24.91M	-24.91M	-28.13M	-28.13M	-28.13M
Comprehensive Income & Other	17.13M	0.69M	26.67M	6.52M	28.83M
Minority Interest	37.24M	32.83M	41.67M	50.80M	47.72M
Book Value Per Share	6.01	6.14	5.98	5.98	5.83
Tangible Book Value	6.76B	6.77B	6.59B	6.58B	6.42B
Tangible Book Value Per Share	6.01	6.14	5.98	5.98	5.83
Filing Date Shares Outstanding	1.13B	1.10B	1.10B	1.10B	1.10B
Total Common Shares Outstanding	1.13B	1.10B	1.10B	1.10B	1.10B
Working Capital	147.35M	413.80M	304.63M	94.32M	-107.28M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Assets
Cash & Equivalents	2.44B	2.46B	0.94B	0.80B	0.30B
Cash & Short-Term Investments	2.44B	2.46B	1.35B	0.89B	0.39B
Receivables	1.73B	1.69B	1.24B	1.43B	1.26B
Inventory	967.30M	947.50M	608.29M	587.04M	562.58M
Current Assets	5.74B	5.67B	3.68B	3.37B	2.83B
PP&E	25.63B	25.49B	18.80B	18.76B	18.19B
Intangible Assets	6.10M	6.16M	3.39M	3.52M	3.70M
Total Assets	31.65B	31.41B	22.64B	22.30B	21.33B
Liabilities
Accounts Payable	2.22B	0.96B	1.37B	1.37B	1.25B
Current Liabilities	5.60B	5.26B	3.38B	3.27B	2.94B
Long-Term Debt	17.73B	17.96B	11.55B	11.20B	10.56B
Short-Term Debt	—	47.09M	48.00M	48.41M	51.63M
Total Debt	20.49B	20.73B	13.44B	13.01B	12.25B
Total Liabilities	24.84B	24.60B	16.01B	15.66B	14.86B
Equity & Ownership
Retained Earnings	2.76B	2.78B	2.57B	2.59B	2.40B
Total Equity	6.81B	6.81B	6.63B	6.64B	6.47B
Net Debt	18.05B	18.28B	12.10B	12.12B	11.86B
Shares Outstanding	1,125,914,285	1,104,150,000	1,100,936,000	1,100,936,000	1,100,936,000
Cash & Assets
Total Assets	31.65B	31.41B	22.64B	22.30B	21.33B
Total Current Assets	5.74B	5.67B	3.68B	3.37B	2.83B
Cash & Equivalents	2.44B	2.46B	0.94B	0.80B	0.30B
Cash & Short-Term Investments	2.44B	2.46B	1.35B	0.89B	0.39B
Net Cash (Debt)	-18.05B	-18.28B	-12.10B	-12.12B	-11.86B
Net Cash Per Share	-16.03	-16.57	-10.99	-11.01	-10.77
Cash Growth	+517.6%	+190.2%	+37.1%	+1.8%	-16.9%
Accounts Receivable	1.72B	1.69B	1.24B	1.43B	1.26B
Other Receivables	1.22M	1.22M	1.22M	1.22M	1.22M
Receivables	1.73B	1.69B	1.24B	1.43B	1.26B
Inventory	967.30M	947.50M	608.29M	587.04M	562.58M
Prepaid Expenses	614.85M	571.85M	487.43M	462.90M	608.68M
Construction In Progress	—	0.44B	0.37B	0.59B	0.72B
Land	—	63.72M	58.48M	58.48M	58.48M
Buildings	—	37.20M	34.45M	34.45M	34.45M
Machinery	—	954.28M	862.48M	777.51M	703.82M
Leasehold Improvements	—	697.85M	697.56M	696.05M	695.03M
Property, Plant & Equipment	25.63B	25.49B	18.80B	18.76B	18.19B
Other Intangible Assets	6.10M	6.16M	3.39M	3.52M	3.70M
Other Current Assets	—	—	—	—	—
Other Long-Term Assets	214.58M	191.52M	112.86M	114.26M	238.52M
Long-Term Accounts Receivable	12.62M	11.98M	—	—	—
Order Backlog	—	—	—	—	—
Long-Term Leases	472.11M	262.93M	289.08M	314.06M	376.42M
Current Portion of Leases	—	222.01M	—	—	—
Loans & Investments
Trading Asset Securities	—	—	317.10M	—	—
Short-Term Investments	—	—	90.35M	89.25M	98.17M
Long-Term Investments	35.95M	40.32M	45.41M	54.78M	68.05M
Liabilities & Obligations
Total Liabilities	24.84B	24.60B	16.01B	15.66B	14.86B
Total Liabilities & Equity	31.65B	31.41B	22.64B	22.30B	21.33B
Total Current Liabilities	5.60B	5.26B	3.38B	3.27B	2.94B
Accounts Payable	2.22B	0.96B	1.37B	1.37B	1.25B
Accrued Expenses	—	446.78M	—	—	—
Current Income Taxes Payable	170.74M	144.99M	58.12M	43.25M	96.67M
Current Unearned Revenue	329.87M	360.21M	328.66M	352.37M	262.78M
Long-Term Unearned Revenue	365.14M	436.25M	447.33M	552.57M	687.25M
Other Current Liabilities	588.57M	834.58M	19.22M	7.19M	7.19M
Pension & Post-Retirement Benefits	—	303.07M	—	—	—
Long-Term Deferred Tax Liabilities	150.03M	144.74M	131.35M	116.40M	103.25M
Other Long-Term Liabilities	530.71M	236.20M	212.35M	208.15M	195.57M
Debt & Funding
Long-Term Debt	17.73B	17.96B	11.55B	11.20B	10.56B
Short-Term Debt	—	47.09M	48.00M	48.41M	51.63M
Total Debt	20.49B	20.73B	13.44B	13.01B	12.25B
Current Portion of Long-Term Debt	2.29B	2.24B	1.55B	1.45B	1.27B
Equity & Book Value
Shareholders' Equity	6.81B	6.81B	6.63B	6.64B	6.47B
Total Common Equity	6.77B	6.78B	6.59B	6.59B	6.42B
Common Stock	1.13B	1.13B	1.13B	1.13B	1.13B
Additional Paid-In Capital	2.89B	2.89B	2.89B	2.89B	2.89B
Retained Earnings	2.76B	2.78B	2.57B	2.59B	2.40B
Treasury Stock	-24.91M	-24.91M	-28.13M	-28.13M	-28.13M
Comprehensive Income & Other	17.13M	0.69M	26.67M	6.52M	28.83M
Minority Interest	37.24M	32.83M	41.67M	50.80M	47.72M
Book Value Per Share	6.01	6.14	5.98	5.98	5.83
Tangible Book Value	6.76B	6.77B	6.59B	6.58B	6.42B
Tangible Book Value Per Share	6.01	6.14	5.98	5.98	5.83
Filing Date Shares Outstanding	1.13B	1.10B	1.10B	1.10B	1.10B
Total Common Shares Outstanding	1.13B	1.10B	1.10B	1.10B	1.10B
Working Capital	147.35M	413.80M	304.63M	94.32M	-107.28M