FA

Statement of Financial Position (Balance Sheet)

All figures in UAE Dirhams (AED) · IFRS Standards Compliant
Consolidated Entities
Financial Statement Line Item Notes As of 10-Oct-2026 (AED) As of 31-Dec-2025 (AED) Movement %
ASSETS
Non-Current Assets
Property, Plant & Equipment (IAS 16) Note 4 33,439,600.00 28,150,000.00 +18.8%
Capital Work In Progress (CWIP) Note 5 12,400,000.00 9,200,000.00 +34.8%
Right-of-Use (ROU) Assets (IFRS 16) Note 6 16,420,000.00 14,800,000.00 +10.9%
Total Non-Current Assets 62,259,600.00 52,150,000.00 +19.4%
Current Assets
Development Properties / Inventory Under Construction Note 7 342,800,000.00 280,000,000.00 +22.4%
Trade Receivables (Milestone Invoices) Note 8 48,920,400.00 38,100,000.00 +28.4%
Post-Dated Cheques (PDC) In Hand Note 9 94,300,000.00 82,500,000.00 +14.3%
RERA Escrow Trust Bank Accounts Note 10 142,850,210.00 98,200,000.00 +45.5%
Corporate Operating Cash & Bank Balances Note 11 28,450,000.00 19,800,000.00 +43.7%
Total Current Assets 657,320,610.00 518,600,000.00 +26.8%
TOTAL ASSETS 719,580,210.00 570,750,000.00 +26.1%
LIABILITIES & EQUITY
Current Liabilities
Trade Payables & Contractor Retention Held (10%) Note 12 92,400,000.00 71,500,000.00 +29.2%
Advances Received from Customers (Unearned Revenue) Note 13 284,100,000.00 210,000,000.00 +35.3%
Federal Tax Authority (FTA) VAT Payable Note 14 4,120,000.00 3,200,000.00 +28.8%
Total Current Liabilities 380,620,000.00 284,700,000.00 +33.7%
Non-Current Liabilities & Equity
IFRS 16 Lease Liabilities (Long-Term) Note 15 14,810,000.00 13,200,000.00 +12.2%
Paid-Up Share Capital Note 16 150,000,000.00 150,000,000.00 0.0%
Retained Earnings & Development Reserve Note 17 174,150,210.00 122,850,000.00 +41.8%
TOTAL LIABILITIES & EQUITY 719,580,210.00 570,750,000.00 +26.1%