BELEX:NIIS Balance Sheet

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	37,095	30,520	40,736	21,484	88,131	21,283
Short-Term Investments	-	-	214.94	32,608	6,064	28.28
Cash & Short-Term Investments	37,095	30,520	40,951	54,092	94,195	21,312
Cash Growth	41.76%	-25.47%	-24.29%	-42.57%	341.99%	141.32%
Accounts Receivable	19,141	20,621	32,264	33,377	35,913	28,593
Other Receivables	140.45	171.81	444.84	722.96	657.93	427.47
Receivables	19,306	20,828	32,738	34,132	36,612	29,020
Inventory	51,764	39,147	52,187	67,681	58,235	36,951
Prepaid Expenses	4,690	3,460	7,292	4,708	4,853	2,564
Other Current Assets	3,057	7,913	14,339	13,324	6,601	5,381
Total Current Assets	115,911	101,869	147,508	173,937	200,496	95,228
Property, Plant & Equipment	338,054	340,175	340,835	311,946	299,486	303,655
Long-Term Investments	3,482	3,499	2,728	2,836	2,975	1,846
Goodwill	-	-	1,259	1,261	1,264	1,293
Other Intangible Assets	6,223	6,250	4,769	4,145	3,965	3,529
Long-Term Accounts Receivable	1,135	1,164	826.12	669.62	2.82	2.82
Long-Term Deferred Tax Assets	5,570	5,337	4,102	3,245	2,767	2,343
Other Long-Term Assets	3,630	3,714	5,022	8,671	3,861	3,100
Total Assets	474,006	462,008	507,050	506,711	514,816	410,996
Accounts Payable	12,223	11,241	18,142	16,880	24,568	25,024
Accrued Expenses	19,634	10,961	20,871	18,971	20,757	16,107
Short-Term Debt	-	-	-	820.17	1,308	-
Current Portion of Long-Term Debt	17,921	19,374	9,027	11,005	5,952	7,129
Current Portion of Leases	999.83	1,150	934.14	924.03	735.92	640.66
Current Income Taxes Payable	864.9	12.88	13.61	-	14,013	4,209
Current Unearned Revenue	4,922	2,973	6,610	6,151	12,170	4,004
Other Current Liabilities	10,146	10,513	5,466	8,470	5,954	5,543
Total Current Liabilities	66,710	56,224	61,063	63,221	85,459	62,656
Long-Term Debt	26,916	28,045	57,216	54,612	62,054	70,536
Long-Term Leases	1,773	2,064	2,621	3,011	2,414	1,695
Long-Term Deferred Tax Liabilities	3.98	3.98	3.68	-	-	-
Other Long-Term Liabilities	15,225	15,065	15,591	14,779	15,662	13,273
Total Liabilities	110,628	101,402	136,494	135,623	165,589	148,160
Common Stock	81,530	81,530	81,530	81,530	81,530	81,530
Retained Earnings	282,287	279,324	288,538	288,345	267,125	180,798
Comprehensive Income & Other	1,014	1,034	741.83	694.6	572.22	488.74
Total Common Equity	364,832	361,888	370,810	370,570	349,228	262,817
Minority Interest	-1,454	-1,282	-254.22	517.61	-	19.68
Shareholders' Equity	363,378	360,606	370,556	371,088	349,228	262,836
Total Liabilities & Equity	474,006	462,008	507,050	506,711	514,816	410,996
Total Debt	47,610	50,633	69,797	70,372	72,464	80,001
Net Cash (Debt)	-10,515	-20,113	-28,846	-16,280	21,731	-58,689
Net Cash Per Share	-64.51	-123.39	-176.90	-99.84	133.27	-359.92
Filing Date Shares Outstanding	163.06	163.06	163.06	163.06	163.06	163.06
Total Common Shares Outstanding	163.06	163.06	163.06	163.06	163.06	163.06
Working Capital	49,202	45,645	86,445	110,716	115,036	32,571
Book Value Per Share	2237.40	2219.35	2274.07	2272.59	2141.71	1611.77
Tangible Book Value	358,608	355,638	364,783	365,164	343,999	257,995
Tangible Book Value Per Share	2199.24	2181.02	2237.10	2239.44	2109.64	1582.20
Construction In Progress	33,241	35,444	37,716	36,978	24,563	25,794