Statement of Financial Position

		2025	2024
	Notes	AED ‘000	AED ‘000
Assets
Non‑current assets
Property and equipment	18	5,610	5,947
Intangibles	15	6,387,627	6,526,870
Right‑of‑use assets	17	5,178	7,454
Other asset		240	400
		6,398,655	6,540,671
Current assets
Inventories	20	30,420	16,904
Trade and other receivables	21	202,423	209,139
Contract asset		2,814	24,437
Due from related parties	23	221,996	231,058
Short‑term deposits with banks	22	502,207	‑
Cash and cash equivalents	22	512,985	963,692
		1,472,845	1,445,230
Total assets		7,871,500	7,985,901
Liabilities and equity
Liabilities
Non‑current liabilities
Long‑term borrowings	24	3,995,191	3,991,985
Due to a related party	23	1,446,241	1,813,538
Lease liabilities	17	3,223	5,697
Provision for employees’ end‑of‑service benefits	25	4,589	3,339
Contract liabilities	27	73,099	65,037
		5,522,343	5,879,596
Current liabilities
Due to a related party	23	539,236	483,623
Lease liabilities	17	2,473	2,290
Trade and other payables	26	83,022	100,020
Current tax liabilities	28	153,558	115,138
Contract liabilities	27	352,202	317,225
		1,130,491	1,018,296
Total liabilities		6,652,834	6,897,892
Equity
Share capital	29	75,000	75,000
Statutory reserve	30	37,500	37,500
Retained earnings		1,106,166	975,509
Total equity		1,218,666	1,088,009
Total equity and liabilities		7,871,500	7,985,901

To the best of our knowledge, the financial statements fairly present, in all material respects, the financial position, results of operations and cash flows of the Company. These financial statements were approved by the Board of Directors on 4th March 2026 and signed on their behalf by:

The accompanying notes 1 to 37 form an integral part of these financial statements.