Mercia Asset Management Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	34.47	40.09	46.94	37.56	56.05	54.49
Short-Term Investments	-	-	-	0.28	5.24	0.23
Cash & Short-Term Investments	34.47	40.09	46.94	37.83	61.28	54.73
Cash Growth	-25.41%	-14.59%	24.07%	-38.26%	11.98%	81.29%
Accounts Receivable	3.08	0.98	0.89	1.65	0.35	0.31
Other Receivables	-	1.34	2	1.16	0.19	0.07
Receivables	3.08	2.32	2.89	2.81	0.54	0.38
Prepaid Expenses	-	0.93	1.09	0.98	0.53	3.68
Restricted Cash	-	-	-	-	-	2.48
Total Current Assets	37.55	43.34	50.91	41.62	62.36	61.27
Property, Plant & Equipment	1.42	0.88	0.84	0.96	0.53	0.56
Long-Term Investments	131.1	125.96	116.86	136.55	119.56	96.22
Goodwill	21.13	21.13	21.13	21.13	16.64	16.64
Other Intangible Assets	10.69	12.18	15.17	18.16	15.71	17.75
Total Assets	201.89	203.49	204.91	218.42	214.8	192.44
Accounts Payable	0.22	0.25	0.27	0.28	0.41	0.33
Accrued Expenses	6.39	8.87	7.26	5.04	5.11	4.57
Current Portion of Leases	0.52	0.43	0.38	0.33	0.16	0.12
Current Income Taxes Payable	0.03	0.4	-	-	0.71	-
Other Current Liabilities	4.32	2.26	3.64	2.72	3.6	4.81
Total Current Liabilities	11.47	12.21	11.55	8.37	9.99	9.83
Long-Term Leases	0.64	0.33	0.33	0.57	0.3	0.35
Long-Term Deferred Tax Liabilities	2.67	3.04	3.79	4.54	3.93	3.37
Other Long-Term Liabilities	-	-	-	2.01	-	2.87
Total Liabilities	14.77	15.58	15.67	15.5	14.21	16.42
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	83.78	83.78	83.78	83.74	81.64	81.64
Retained Earnings	100.79	102.58	103.09	114.61	115.42	91.97
Treasury Stock	-3.96	-4.91	-3.19	-	-	-
Comprehensive Income & Other	6.5	6.46	5.56	4.57	3.52	2.41
Shareholders' Equity	187.11	187.91	189.24	202.92	200.59	176.02
Total Liabilities & Equity	201.89	203.49	204.91	218.42	214.8	192.44
Total Debt	1.15	0.76	0.7	0.91	0.45	0.47
Net Cash (Debt)	33.32	39.34	46.24	36.93	60.83	54.25
Net Cash Growth	-26.56%	-14.93%	25.21%	-39.30%	12.13%	83.31%
Net Cash Per Share	0.08	0.09	0.10	0.08	0.14	0.12
Filing Date Shares Outstanding	431.32	432.44	431.1	446.58	440.11	440.11
Total Common Shares Outstanding	431.32	431.34	436.32	446.58	440.11	440.11
Working Capital	26.09	31.14	39.36	33.25	52.37	51.44
Book Value Per Share	0.43	0.44	0.43	0.45	0.46	0.40
Tangible Book Value	155.3	154.6	152.95	163.64	168.23	141.63
Tangible Book Value Per Share	0.36	0.36	0.35	0.37	0.38	0.32
Machinery	-	0.66	0.86	0.76	0.69	0.62
Leasehold Improvements	-	0.07	0.06	0.05	0.04	0.04

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.