MAIR Group - P.J.S.C. Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	292.16	504.3	776.62	200.79	179.54
Short-Term Investments	12.6	12.77	11.51	47.34	78.77
Trading Asset Securities	48.3	65.63	89.14	83.74	78.47
Cash & Short-Term Investments	353.06	582.7	877.26	331.88	336.78
Cash Growth	-63.87%	-33.58%	164.34%	-1.46%	-
Accounts Receivable	69.89	58.49	84.34	8.8	1.59
Other Receivables	127.08	172.03	67.09	-	-
Receivables	196.97	230.51	151.42	8.8	1.59
Inventory	259.8	204.43	247.58	144.62	139.04
Prepaid Expenses	21.18	23.96	40.43	9.49	27.3
Other Current Assets	56.05	124.89	258.72	-	-
Total Current Assets	887.07	1,166	1,575	494.79	504.7
Property, Plant & Equipment	1,551	1,444	1,360	571.92	460.96
Long-Term Investments	225.27	246.44	310.53	56.82	52.77
Goodwill	930.01	930.01	1,009	50	50
Other Intangible Assets	30.88	28.98	77.55	-	-
Other Long-Term Assets	1,885	1,857	1,770	1,454	369.68
Total Assets	5,509	5,673	6,103	2,628	1,438
Accounts Payable	220.95	233.7	240.8	122.15	160.28
Accrued Expenses	7.32	9.77	13.42	4.96	12.83
Short-Term Debt	-	-	43.43	-	-
Current Portion of Long-Term Debt	-	13	2.05	51.49	-
Current Portion of Leases	85.75	86.37	65.56	74.33	58.2
Current Unearned Revenue	44.19	42.62	42.55	-	-
Other Current Liabilities	215.61	239.9	215.07	72.01	79.46
Total Current Liabilities	585.36	625.35	622.87	324.93	310.77
Long-Term Debt	-	157.79	723.05	687.34	-
Long-Term Leases	667.1	608.53	560.38	132.91	197.59
Pension & Post-Retirement Benefits	25.25	27.47	33.5	17.38	20.3
Total Liabilities	1,278	1,419	1,940	1,163	528.65
Common Stock	1,115	1,115	899.19	381.4	256.4
Additional Paid-In Capital	2,300	2,300	1,593	289.5	-
Retained Earnings	738.43	770.03	867.47	921.82	787.44
Comprehensive Income & Other	77.18	68.6	803.7	-127.29	-134.39
Shareholders' Equity	4,231	4,254	4,163	1,465	909.46
Total Liabilities & Equity	5,509	5,673	6,103	2,628	1,438
Total Debt	752.85	865.69	1,394	946.06	255.79
Net Cash (Debt)	-399.79	-282.99	-517.2	-614.19	80.99
Net Cash Per Share	-0.18	-0.13	-0.53	-0.81	-
Filing Date Shares Outstanding	2,231	2,231	1,798	762.81	-
Total Common Shares Outstanding	2,231	2,231	1,798	762.81	-
Working Capital	301.71	541.14	952.54	169.86	193.93
Book Value Per Share	1.90	1.91	2.32	1.92	-
Tangible Book Value	3,270	3,295	3,077	1,415	859.46
Tangible Book Value Per Share	1.47	1.48	1.71	1.86	-
Land	-	509.36	453.5	167.46	103.38
Machinery	-	203.5	219.16	121.62	107.95
Construction In Progress	-	151.01	151.43	110.19	26.87
Leasehold Improvements	-	292.88	290.48	249.46	243.71

Source: S&P Global Market Intelligence. Standard template. Financial Sources.