ASX:AR1 Balance Sheet

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

Millions AUD. 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	19.3	0.08	1.15	1.54	13.33
Cash & Short-Term Investments	19.3	0.08	1.15	1.54	13.33
Cash Growth	24335.44%	-93.10%	-25.41%	-88.49%	2210.92%
Accounts Receivable	5.73	0.64	3.6	6.75	0.96
Other Receivables	1.03	0.84	0.28	1.11	0.48
Receivables	6.77	1.48	3.88	7.85	1.44
Inventory	2.18	50.66	40.13	26.88	3.23
Prepaid Expenses	1.24	0.68	0.89	0.84	0.45
Other Current Assets	0.58	1.42	1.18	0.11	0.05
Total Current Assets	30.07	54.32	47.21	37.21	18.5
Property, Plant & Equipment	34.15	57.1	71.46	59.28	13.6
Other Long-Term Assets	50.78	37.21	37.81	37.81	37.89
Total Assets	115	148.64	156.48	134.3	69.99
Accounts Payable	2.48	54.09	57.08	43.48	9.14
Accrued Expenses	1.34	4.24	1.61	1.49	0.31
Short-Term Debt	-	29.41	12.82	11.04	-
Current Portion of Long-Term Debt	10.16	51.98	50.64	48.08	6.39
Current Portion of Leases	0.07	1.71	1.77	1.56	1.17
Other Current Liabilities	-	-	-	0.1	4.03
Total Current Liabilities	14.04	141.44	123.91	105.74	21.04
Long-Term Debt	12.49	-	-	-	21.06
Long-Term Leases	-	1.5	3.22	4.85	5.36
Pension & Post-Retirement Benefits	0.06	-	-	-	-
Other Long-Term Liabilities	52.09	36.91	37.62	42.39	35.15
Total Liabilities	78.69	179.85	164.75	152.98	82.61
Common Stock	128.2	71.55	71.55	71.55	47.93
Retained Earnings	-92.21	-104.69	-82.07	-91.52	-61.72
Comprehensive Income & Other	0.32	1.92	2.25	1.3	1.18
Shareholders' Equity	36.31	-31.22	-8.27	-18.68	-12.62
Total Liabilities & Equity	115	148.64	156.48	134.3	69.99
Total Debt	22.72	84.61	68.44	65.52	33.98
Net Cash (Debt)	-3.42	-84.53	-67.29	-63.99	-20.64
Net Cash Per Share	-0.01	-0.15	-0.12	-0.14	-0.13
Filing Date Shares Outstanding	1,699	527.17	527.17	527.17	445.38
Total Common Shares Outstanding	1,699	527.17	527.17	527.17	445.38
Working Capital	16.02	-87.12	-76.7	-68.53	-2.54
Book Value Per Share	0.02	-0.06	-0.02	-0.04	-0.03
Tangible Book Value	36.31	-31.22	-8.27	-18.68	-12.62
Tangible Book Value Per Share	0.02	-0.06	-0.02	-0.04	-0.03
Land	6.98	6.98	6.29	6.29	6.29
Machinery	71.29	42.72	37.04	36.92	36.54
Construction In Progress	0.05	0.25	10.53	9.92	3.12

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