Armax Gaz Balance Sheet

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

Millions RON. 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	0.9	0.87	0.65	0.41	0.23
Cash & Short-Term Investments	0.9	0.87	0.65	0.41	0.23
Cash Growth	3.39%	33.91%	56.77%	82.51%	-71.05%
Accounts Receivable	11.47	6.79	11.51	13.45	1.74
Other Receivables	0.95	0.65	0.71	0.37	0.29
Receivables	12.42	7.44	12.22	13.81	2.04
Inventory	46.91	40.93	18.41	8.07	5.49
Prepaid Expenses	-	0	0	0	0
Other Current Assets	0	-	-	-	-
Total Current Assets	60.24	49.24	31.27	22.3	7.76
Property, Plant & Equipment	24.31	17.34	16.26	16.51	16.61
Other Intangible Assets	0.04	0.06	0.1	0.13	0.18
Total Assets	88.73	66.74	47.64	38.95	24.55
Accounts Payable	11.73	14.16	11.62	7.29	3.2
Accrued Expenses	2.05	1.19	-	-	-
Current Portion of Long-Term Debt	-	-	-	0.99	1.35
Current Unearned Revenue	23.19	17.13	9.86	9.38	3.16
Other Current Liabilities	40.35	24.91	18.34	14.83	10.55
Total Current Liabilities	77.32	57.39	39.82	32.49	18.27
Long-Term Debt	-	-	-	-	0.41
Long-Term Unearned Revenue	0	0	0	0	0
Other Long-Term Liabilities	0.69	0.69	0.72	0.66	0.76
Total Liabilities	78.01	58.08	40.54	33.16	19.44
Common Stock	61.42	61.42	61.42	61.42	61.42
Additional Paid-In Capital	0.48	0.48	0.48	0.48	0.48
Retained Earnings	-65.12	-67.18	-68.75	-70.57	-71.26
Comprehensive Income & Other	13.95	13.95	13.95	14.46	14.46
Shareholders' Equity	10.73	8.67	7.1	5.79	5.1
Total Liabilities & Equity	88.73	66.74	47.64	38.95	24.55
Total Debt	-	-	-	0.99	1.77
Net Cash (Debt)	0.9	0.87	0.65	-0.57	-1.54
Net Cash Growth	3.39%	33.91%	-	-	-
Net Cash Per Share	0.15	0.14	0.11	-0.09	-0.25
Filing Date Shares Outstanding	6.14	6.14	6.14	6.14	6.14
Total Common Shares Outstanding	6.14	6.14	6.14	6.14	6.14
Working Capital	-17.09	-8.15	-8.55	-10.19	-10.51
Book Value Per Share	1.75	1.41	1.16	0.94	0.83
Tangible Book Value	10.69	8.61	7	5.67	4.93
Tangible Book Value Per Share	1.74	1.40	1.14	0.92	0.80
Land	2.84	2.84	2.84	2.84	2.84
Buildings	15.11	15.11	15.11	15.11	15.08
Machinery	18.46	17.11	16.51	16	15.69
Construction In Progress	10.04	2.9	0.96	0.32	-

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