ADES

Ades Holding Company

2382StocksTadawulEnergy

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Assets
Cash & Equivalents	939.59M	797.00M	296.23M	744.19M	883.39M
Cash & Short-Term Investments	1.35B	0.89B	0.39B	0.85B	0.98B
Receivables	1.24B	1.43B	1.26B	1.38B	1.53B
Inventory	608.29M	587.04M	562.58M	527.27M	480.60M
Current Assets	3.68B	3.37B	2.83B	3.26B	3.47B
PP&E	18.80B	18.76B	18.19B	18.06B	17.32B
Intangible Assets	3.39M	3.52M	3.70M	3.96M	4.01M
Total Assets	22.64B	22.30B	21.33B	21.63B	21.06B
Liabilities
Accounts Payable	1.37B	1.37B	1.25B	0.74B	1.38B
Current Liabilities	3.38B	3.27B	2.94B	3.05B	3.22B
Long-Term Debt	11.55B	11.20B	10.56B	10.73B	10.15B
Short-Term Debt	48.00M	48.41M	51.63M	44.96M	43.24M
Total Debt	13.44B	13.01B	12.25B	12.45B	11.72B
Total Liabilities	16.01B	15.66B	14.86B	15.09B	14.83B
Equity & Ownership
Retained Earnings	2.57B	2.59B	2.40B	2.45B	2.15B
Total Equity	6.63B	6.64B	6.47B	6.54B	6.22B
Net Debt	12.10B	12.12B	11.86B	11.61B	10.74B
Shares Outstanding	1,100,936,000	1,100,936,000	1,100,936,000	1,100,936,000	1,099,007,000
Cash & Assets
Total Assets	22.64B	22.30B	21.33B	21.63B	21.06B
Total Current Assets	3.68B	3.37B	2.83B	3.26B	3.47B
Cash & Equivalents	939.59M	797.00M	296.23M	744.19M	883.39M
Cash & Short-Term Investments	1.35B	0.89B	0.39B	0.85B	0.98B
Net Cash (Debt)	-12.10B	-12.12B	-11.86B	-11.61B	-10.74B
Net Cash Per Share	-10.99	-11.01	-10.77	-10.55	-9.78
Cash Growth	+37.1%	+1.8%	-16.9%	+96.0%	+14.2%
Accounts Receivable	1.24B	1.43B	1.26B	1.38B	1.52B
Other Receivables	1.22M	1.22M	1.22M	1.22M	4.60M
Receivables	1.24B	1.43B	1.26B	1.38B	1.53B
Inventory	608.29M	587.04M	562.58M	527.27M	480.60M
Prepaid Expenses	487.43M	462.90M	608.68M	502.39M	480.92M
Construction In Progress	0.37B	0.59B	0.72B	0.46B	0.24B
Land	58.48M	58.48M	58.48M	58.48M	58.48M
Buildings	34.45M	34.45M	34.45M	34.45M	38.89M
Machinery	862.48M	777.51M	703.82M	668.07M	639.48M
Leasehold Improvements	697.56M	696.05M	695.03M	694.33M	691.68M
Property, Plant & Equipment	18.80B	18.76B	18.19B	18.06B	17.32B
Other Intangible Assets	3.39M	3.52M	3.70M	3.96M	4.01M
Other Current Assets	—	—	—	—	—
Other Long-Term Assets	112.86M	114.26M	238.52M	215.19M	236.77M
Long-Term Accounts Receivable	—	—	—	—	—
Order Backlog	—	—	—	—	—
Long-Term Leases	289.08M	314.06M	376.42M	352.37M	402.15M
Current Portion of Leases	—	—	—	43.24M	—
Loans & Investments
Trading Asset Securities	317.10M	—	—	—	—
Short-Term Investments	90.35M	89.25M	98.17M	102.94M	99.45M
Long-Term Investments	45.41M	54.78M	68.05M	87.27M	25.71M
Liabilities & Obligations
Total Liabilities	16.01B	15.66B	14.86B	15.09B	14.83B
Total Liabilities & Equity	22.64B	22.30B	21.33B	21.63B	21.06B
Total Current Liabilities	3.38B	3.27B	2.94B	3.05B	3.22B
Accounts Payable	1.37B	1.37B	1.25B	0.74B	1.38B
Accrued Expenses	—	—	—	384.71M	—
Current Income Taxes Payable	58.12M	43.25M	96.67M	82.47M	63.01M
Current Unearned Revenue	328.66M	352.37M	262.78M	358.98M	366.02M
Long-Term Unearned Revenue	447.33M	552.57M	687.25M	679.96M	752.19M
Other Current Liabilities	19.22M	7.19M	7.19M	113.07M	243.77M
Pension & Post-Retirement Benefits	—	—	—	159.14M	227.01M
Long-Term Deferred Tax Liabilities	131.35M	116.40M	103.25M	94.07M	80.42M
Other Long-Term Liabilities	212.35M	208.15M	195.57M	29.43M	—
Debt & Funding
Long-Term Debt	11.55B	11.20B	10.56B	10.73B	10.15B
Short-Term Debt	48.00M	48.41M	51.63M	44.96M	43.24M
Total Debt	13.44B	13.01B	12.25B	12.45B	11.72B
Current Portion of Long-Term Debt	1.55B	1.45B	1.27B	1.29B	1.12B
Equity & Book Value
Shareholders' Equity	6.63B	6.64B	6.47B	6.54B	6.22B
Total Common Equity	6.59B	6.59B	6.42B	6.49B	6.19B
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	2.57B	2.59B	2.40B	2.45B	2.15B
Treasury Stock	-28.13M	-28.13M	-28.13M	-28.13M	-30.06M
Comprehensive Income & Other	26.67M	6.52M	28.83M	54.67M	55.15M
Minority Interest	41.67M	50.80M	47.72M	45.19M	29.50M
Book Value Per Share	5.98	5.98	5.83	5.90	5.64
Tangible Book Value	6.59B	6.58B	6.42B	6.49B	6.19B
Tangible Book Value Per Share	5.98	5.98	5.83	5.89	5.63
Filing Date Shares Outstanding	1.10B	1.10B	1.10B	1.10B	1.10B
Total Common Shares Outstanding	1.10B	1.10B	1.10B	1.10B	1.10B
Working Capital	304.63M	94.32M	-107.28M	210.14M	252.76M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Assets
Cash & Equivalents	939.59M	797.00M	296.23M	744.19M	883.39M
Cash & Short-Term Investments	1.35B	0.89B	0.39B	0.85B	0.98B
Receivables	1.24B	1.43B	1.26B	1.38B	1.53B
Inventory	608.29M	587.04M	562.58M	527.27M	480.60M
Current Assets	3.68B	3.37B	2.83B	3.26B	3.47B
PP&E	18.80B	18.76B	18.19B	18.06B	17.32B
Intangible Assets	3.39M	3.52M	3.70M	3.96M	4.01M
Total Assets	22.64B	22.30B	21.33B	21.63B	21.06B
Liabilities
Accounts Payable	1.37B	1.37B	1.25B	0.74B	1.38B
Current Liabilities	3.38B	3.27B	2.94B	3.05B	3.22B
Long-Term Debt	11.55B	11.20B	10.56B	10.73B	10.15B
Short-Term Debt	48.00M	48.41M	51.63M	44.96M	43.24M
Total Debt	13.44B	13.01B	12.25B	12.45B	11.72B
Total Liabilities	16.01B	15.66B	14.86B	15.09B	14.83B
Equity & Ownership
Retained Earnings	2.57B	2.59B	2.40B	2.45B	2.15B
Total Equity	6.63B	6.64B	6.47B	6.54B	6.22B
Net Debt	12.10B	12.12B	11.86B	11.61B	10.74B
Shares Outstanding	1,100,936,000	1,100,936,000	1,100,936,000	1,100,936,000	1,099,007,000
Cash & Assets
Total Assets	22.64B	22.30B	21.33B	21.63B	21.06B
Total Current Assets	3.68B	3.37B	2.83B	3.26B	3.47B
Cash & Equivalents	939.59M	797.00M	296.23M	744.19M	883.39M
Cash & Short-Term Investments	1.35B	0.89B	0.39B	0.85B	0.98B
Net Cash (Debt)	-12.10B	-12.12B	-11.86B	-11.61B	-10.74B
Net Cash Per Share	-10.99	-11.01	-10.77	-10.55	-9.78
Cash Growth	+37.1%	+1.8%	-16.9%	+96.0%	+14.2%
Accounts Receivable	1.24B	1.43B	1.26B	1.38B	1.52B
Other Receivables	1.22M	1.22M	1.22M	1.22M	4.60M
Receivables	1.24B	1.43B	1.26B	1.38B	1.53B
Inventory	608.29M	587.04M	562.58M	527.27M	480.60M
Prepaid Expenses	487.43M	462.90M	608.68M	502.39M	480.92M
Construction In Progress	0.37B	0.59B	0.72B	0.46B	0.24B
Land	58.48M	58.48M	58.48M	58.48M	58.48M
Buildings	34.45M	34.45M	34.45M	34.45M	38.89M
Machinery	862.48M	777.51M	703.82M	668.07M	639.48M
Leasehold Improvements	697.56M	696.05M	695.03M	694.33M	691.68M
Property, Plant & Equipment	18.80B	18.76B	18.19B	18.06B	17.32B
Other Intangible Assets	3.39M	3.52M	3.70M	3.96M	4.01M
Other Current Assets	—	—	—	—	—
Other Long-Term Assets	112.86M	114.26M	238.52M	215.19M	236.77M
Long-Term Accounts Receivable	—	—	—	—	—
Order Backlog	—	—	—	—	—
Long-Term Leases	289.08M	314.06M	376.42M	352.37M	402.15M
Current Portion of Leases	—	—	—	43.24M	—
Loans & Investments
Trading Asset Securities	317.10M	—	—	—	—
Short-Term Investments	90.35M	89.25M	98.17M	102.94M	99.45M
Long-Term Investments	45.41M	54.78M	68.05M	87.27M	25.71M
Liabilities & Obligations
Total Liabilities	16.01B	15.66B	14.86B	15.09B	14.83B
Total Liabilities & Equity	22.64B	22.30B	21.33B	21.63B	21.06B
Total Current Liabilities	3.38B	3.27B	2.94B	3.05B	3.22B
Accounts Payable	1.37B	1.37B	1.25B	0.74B	1.38B
Accrued Expenses	—	—	—	384.71M	—
Current Income Taxes Payable	58.12M	43.25M	96.67M	82.47M	63.01M
Current Unearned Revenue	328.66M	352.37M	262.78M	358.98M	366.02M
Long-Term Unearned Revenue	447.33M	552.57M	687.25M	679.96M	752.19M
Other Current Liabilities	19.22M	7.19M	7.19M	113.07M	243.77M
Pension & Post-Retirement Benefits	—	—	—	159.14M	227.01M
Long-Term Deferred Tax Liabilities	131.35M	116.40M	103.25M	94.07M	80.42M
Other Long-Term Liabilities	212.35M	208.15M	195.57M	29.43M	—
Debt & Funding
Long-Term Debt	11.55B	11.20B	10.56B	10.73B	10.15B
Short-Term Debt	48.00M	48.41M	51.63M	44.96M	43.24M
Total Debt	13.44B	13.01B	12.25B	12.45B	11.72B
Current Portion of Long-Term Debt	1.55B	1.45B	1.27B	1.29B	1.12B
Equity & Book Value
Shareholders' Equity	6.63B	6.64B	6.47B	6.54B	6.22B
Total Common Equity	6.59B	6.59B	6.42B	6.49B	6.19B
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	2.57B	2.59B	2.40B	2.45B	2.15B
Treasury Stock	-28.13M	-28.13M	-28.13M	-28.13M	-30.06M
Comprehensive Income & Other	26.67M	6.52M	28.83M	54.67M	55.15M
Minority Interest	41.67M	50.80M	47.72M	45.19M	29.50M
Book Value Per Share	5.98	5.98	5.83	5.90	5.64
Tangible Book Value	6.59B	6.58B	6.42B	6.49B	6.19B
Tangible Book Value Per Share	5.98	5.98	5.83	5.89	5.63
Filing Date Shares Outstanding	1.10B	1.10B	1.10B	1.10B	1.10B
Total Common Shares Outstanding	1.10B	1.10B	1.10B	1.10B	1.10B
Working Capital	304.63M	94.32M	-107.28M	210.14M	252.76M