IAR S.A. 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2.39	5.03	18.13	258.29	45.3
Short-Term Investments	58.36	14.83	67.51	-	-
Cash & Short-Term Investments	60.75	19.86	85.64	258.29	45.3
Cash Growth	205.88%	-76.81%	-66.84%	470.13%	363.58%
Accounts Receivable	75.96	170.35	115.91	39.4	46.55
Other Receivables	5.96	13.09	9.68	0.67	2.06
Receivables	81.93	183.45	125.58	40.06	48.61
Inventory	430.37	489.23	294.42	256.83	222.84
Other Current Assets	-0	-	-	-	-
Total Current Assets	573.04	692.54	505.65	555.19	316.75
Property, Plant & Equipment	116.22	106.17	102.05	95.35	85.37
Long-Term Investments	5.43	5.43	5.43	5.43	5.43
Other Intangible Assets	0.13	0.02	0.02	0.03	0.43
Other Long-Term Assets	0.09	3.81	2.15	1.29	1.37
Total Assets	694.9	807.97	615.3	657.29	409.35
Accounts Payable	18.71	25.28	22.56	14.41	31.37
Short-Term Debt	-	-	-	42.73	73.02
Current Unearned Revenue	3.72	0	213.73	250.78	14.86
Other Current Liabilities	7.83	8.41	17.5	48.34	11.59
Total Current Liabilities	30.26	33.69	253.79	356.26	130.84
Long-Term Unearned Revenue	262.64	399.9	0.75	0	0.03
Pension & Post-Retirement Benefits	10.15	9.45	6.45	5.06	5.94
Other Long-Term Liabilities	82.65	97.81	107.02	67.45	52.72
Total Liabilities	385.71	540.85	368.02	428.76	189.53
Common Stock	47.2	47.2	47.2	47.2	47.2
Retained Earnings	62.12	47.74	40.16	27.15	37.42
Treasury Stock	-6.71	-6.71	-6.71	-6.71	-6.71
Comprehensive Income & Other	206.59	178.89	166.63	160.88	141.9
Shareholders' Equity	309.19	267.12	247.28	228.53	219.81
Total Liabilities & Equity	694.9	807.97	615.3	657.29	409.35
Total Debt	-	-	-	42.73	73.02
Net Cash (Debt)	60.75	19.86	85.64	215.56	-27.72
Net Cash Growth	205.88%	-76.81%	-60.27%	-	-
Net Cash Per Share	3.32	1.09	4.69	11.79	-1.52
Filing Date Shares Outstanding	18.28	18.28	18.28	18.28	18.28
Total Common Shares Outstanding	18.28	18.28	18.28	18.28	18.28
Working Capital	542.78	658.86	251.86	198.93	185.91
Book Value Per Share	16.92	14.61	13.53	12.50	12.03
Tangible Book Value	309.07	267.11	247.26	228.49	219.39
Tangible Book Value Per Share	16.91	14.61	13.53	12.50	12.00
Land	27.66	27.66	27.66	27.66	27.66
Buildings	44.09	44.07	44.07	44.04	42.83
Machinery	31.7	25.9	24.53	23.55	19.08
Construction In Progress	54.85	46.65	40.2	31.97	23.98

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