KWSE:EMIRATES Balance Sheet

Financials in millions KWD. Fiscal year is January - December.

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Cash & Equivalents	0.53	0.43	0.41	0.27	0.25	Upgrade
Cash & Short-Term Investments	0.53	0.43	0.41	0.27	0.25	Upgrade
Cash Growth	24.67%	3.83%	51.97%	9.97%	-47.83%	Upgrade
Receivables	0.12	0.11	0.1	0.32	0.3	Upgrade
Inventory	3.95	3.95	3.95	3.95	3.95	Upgrade
Total Current Assets	4.61	4.49	4.46	4.54	4.5	Upgrade
Property, Plant & Equipment	-	-	-	-	0	Upgrade
Long-Term Investments	4.84	2.91	2.11	7.55	2.9	Upgrade
Other Long-Term Assets	9.01	8.59	7.5	12.73	12.57	Upgrade
Total Assets	18.46	16	14.08	24.82	19.96	Upgrade
Accounts Payable	0.22	0.22	0.32	0.33	0.35	Upgrade
Current Income Taxes Payable	0.02	0.03	0.02	0	0.04	Upgrade
Other Current Liabilities	0.03	0.04	0.04	0.03	0.03	Upgrade
Total Current Liabilities	0.28	0.29	0.38	0.36	0.41	Upgrade
Pension & Post-Retirement Benefits	0.01	0.01	0.02	0.02	0.01	Upgrade
Total Liabilities	0.29	0.31	0.4	0.37	0.43	Upgrade
Common Stock	17.63	17.63	17.63	17.63	17.63	Upgrade
Retained Earnings	-0.43	-0.62	-1.11	-1.36	-1.39	Upgrade
Comprehensive Income & Other	-3.46	-5.53	-6.65	4.91	0.13	Upgrade
Total Common Equity	13.73	11.48	9.87	21.19	16.37	Upgrade
Minority Interest	4.43	4.21	3.8	3.26	3.17	Upgrade
Shareholders' Equity	18.16	15.69	13.68	24.45	19.54	Upgrade
Total Liabilities & Equity	18.46	16	14.08	24.82	19.96	Upgrade
Net Cash (Debt)	0.53	0.43	0.41	0.27	0.25	Upgrade
Net Cash Growth	24.67%	3.83%	51.97%	9.97%	-24.59%	Upgrade
Net Cash Per Share	0.00	0.00	0.00	0.00	0.00	Upgrade
Filing Date Shares Outstanding	176.28	176.28	176.28	176.28	176.28	Upgrade
Total Common Shares Outstanding	176.28	176.28	176.28	176.28	176.28	Upgrade
Working Capital	4.33	4.19	4.09	4.19	4.08	Upgrade
Book Value Per Share	0.08	0.07	0.06	0.12	0.09	Upgrade
Tangible Book Value	13.73	11.48	9.87	21.19	16.37	Upgrade
Tangible Book Value Per Share	0.08	0.07	0.06	0.12	0.09	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.