BELEX:AERO Balance Sheet

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	622.55	1,768	546.95	770.85	612.13	725.32
Short-Term Investments	3,457	1,397	457.83	45.65	46.38	46.41
Cash & Short-Term Investments	4,080	3,165	1,005	816.51	658.51	771.73
Cash Growth	31.97%	215.03%	23.06%	23.99%	-14.67%	-16.43%
Accounts Receivable	186.71	307.94	280.77	187.65	9.21	167.45
Other Receivables	12.07	49.04	1,745	1,717	1,689	1,668
Receivables	198.78	356.98	2,026	1,905	1,698	1,835
Inventory	2.79	1.39	1.3	2.95	1.72	2
Other Current Assets	1.49	0.13	0.2	0.23	0.22	1.65
Total Current Assets	4,283	3,524	3,032	2,724	2,359	2,610
Property, Plant & Equipment	49,856	50,391	38,489	28,773	27,812	28,228
Long-Term Investments	-	-	-	-	-	127.12
Other Intangible Assets	7.24	11.98	19.25	8.47	20.46	34.08
Other Long-Term Assets	1,093	1,664	1,862	2,004	2,082	1,586
Total Assets	55,328	55,591	43,402	33,509	32,274	32,586
Accounts Payable	9.78	16.88	27.13	19.1	14.43	25.63
Accrued Expenses	8.11	0.88	0.91	0.79	0.89	0.81
Current Portion of Leases	7.15	15.86	13.22	24.28	24.61	-
Current Unearned Revenue	282.32	921.32	706.27	216.59	159.92	164.41
Other Current Liabilities	19.24	18.67	20.31	20.33	20.35	22.26
Total Current Liabilities	326.6	973.6	767.83	281.1	220.21	213.1
Long-Term Leases	64.86	50.83	-	11.87	30.82	-
Long-Term Unearned Revenue	16,685	16,685	12,827	3,685	2,509	2,628
Pension & Post-Retirement Benefits	11.25	4.07	2.87	2.22	1.95	6.87
Long-Term Deferred Tax Liabilities	1,998	1,998	827.67	795.57	769.92	732.64
Other Long-Term Liabilities	92.37	97.16	97.34	93.18	124.38	97.41
Total Liabilities	19,179	19,809	14,523	4,869	3,656	3,678
Common Stock	21,016	21,016	21,016	21,016	21,016	21,016
Additional Paid-In Capital	306.86	306.86	306.86	306.86	306.86	306.86
Retained Earnings	6,179	5,811	5,369	5,119	5,081	5,371
Comprehensive Income & Other	8,648	8,648	2,188	2,199	2,214	2,214
Shareholders' Equity	36,149	35,781	28,879	28,640	28,617	28,907
Total Liabilities & Equity	55,328	55,591	43,402	33,509	32,274	32,586
Total Debt	72.01	66.69	13.22	36.16	55.43	-
Net Cash (Debt)	4,008	3,099	991.56	780.35	603.09	771.73
Net Cash Growth	32.62%	212.51%	27.07%	29.39%	-21.85%	-16.43%
Net Cash Per Share	114.42	88.47	28.31	22.28	17.22	22.03
Filing Date Shares Outstanding	34.97	34.97	34.97	34.97	35.03	35.03
Total Common Shares Outstanding	34.97	34.97	34.97	34.97	35.03	35.03
Working Capital	3,956	2,550	2,264	2,443	2,139	2,397
Book Value Per Share	1033.70	1023.18	825.82	818.98	817.03	825.31
Tangible Book Value	36,142	35,769	28,860	28,632	28,597	28,873
Tangible Book Value Per Share	1033.50	1022.84	825.27	818.74	816.45	824.34
Land	21,551	21,551	14,180	14,180	14,180	14,180
Buildings	26,386	26,386	22,909	12,528	11,225	11,220
Machinery	2,815	2,757	4,077	4,112	4,112	4,119
Construction In Progress	244.06	285.49	258.58	249.36	141.32	61.16

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