AIM:ART Balance Sheet

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Cash & Equivalents	1.48	2.87	1.24	2.33	2.01
Cash & Short-Term Investments	1.48	2.87	1.24	2.33	2.01
Cash Growth	-48.47%	132.23%	-47.02%	15.86%	-7.54%
Accounts Receivable	3.06	3.3	3.56	2.58	2.46
Other Receivables	-	0.99	1.23	1.13	0.51
Receivables	3.06	4.29	4.79	3.71	2.97
Inventory	32.24	31.77	30.56	28.3	23.72
Total Current Assets	36.78	38.92	36.59	34.35	28.7
Property, Plant & Equipment	9.58	10.73	10.43	10.36	8.38
Goodwill	-	1.54	1.32	1.32	1.32
Other Intangible Assets	2.18	0.81	1.07	0.93	1.1
Other Long-Term Assets	-	0.29	0.42	0.41	0.39
Total Assets	48.54	52.29	49.82	47.36	39.89
Accounts Payable	2.76	0.93	0.55	0.26	0.99
Current Portion of Long-Term Debt	7.02	3.03	0.27	0.36	0.39
Current Portion of Leases	0.59	0.51	0.38	0.36	0.26
Current Income Taxes Payable	0.76	0.71	0.7	0.41	0.28
Current Unearned Revenue	-	0.81	1	0.89	0.74
Other Current Liabilities	-	1.72	1.67	2.55	2.25
Total Current Liabilities	11.14	7.71	4.57	4.83	4.91
Long-Term Debt	26.77	25.94	23.81	16.98	6.8
Long-Term Leases	2.29	2.92	2.58	2.96	3.33
Long-Term Deferred Tax Liabilities	-	-	-	-	0.56
Other Long-Term Liabilities	0.69	0.67	0.59	0.58	0.41
Total Liabilities	40.89	37.24	31.55	25.35	16.01
Common Stock	0.18	0.18	0.18	0.17	0.17
Additional Paid-In Capital	15.31	15.26	15.26	15	14.94
Retained Earnings	-7.66	-0.42	2.79	6.69	8.51
Comprehensive Income & Other	-0.27	-0.21	-0.14	-0.07	-0.04
Total Common Equity	7.55	14.8	18.08	21.79	23.58
Minority Interest	0.1	0.26	0.2	0.23	0.3
Shareholders' Equity	7.65	15.06	18.28	22.02	23.88
Total Liabilities & Equity	48.54	52.29	49.82	47.36	39.89
Total Debt	36.68	32.4	27.04	20.66	10.78
Net Cash (Debt)	-35.2	-29.54	-25.81	-18.33	-8.77
Net Cash Per Share	-0.50	-0.42	-0.37	-0.26	-0.14
Filing Date Shares Outstanding	70.8	70.56	70.56	69.78	69.61
Total Common Shares Outstanding	70.8	70.56	70.56	69.78	69.61
Working Capital	25.64	31.21	32.01	29.52	23.79
Book Value Per Share	0.11	0.21	0.26	0.31	0.34
Tangible Book Value	5.37	12.44	15.69	19.54	21.16
Tangible Book Value Per Share	0.08	0.18	0.22	0.28	0.30
Land	2.15	2.12	2.12	2.12	2.12
Machinery	5.07	5.09	4.96	4.17	1.97
Leasehold Improvements	0.53	0.53	0.5	0.5	0.5

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