IAR S.A. Balance Sheet

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

Millions RON. 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	2.28	2.39	5.03	18.13	258.29	45.3
Short-Term Investments	3.04	58.36	14.83	67.51	-	-
Cash & Short-Term Investments	5.32	60.75	19.86	85.64	258.29	45.3
Cash Growth	-87.30%	205.88%	-76.81%	-66.84%	470.13%	363.58%
Accounts Receivable	220.32	75.96	170.35	115.91	39.4	46.55
Other Receivables	-	5.96	13.09	9.68	0.67	2.06
Receivables	220.32	81.93	183.45	125.58	40.06	48.61
Inventory	407.71	430.37	489.23	294.42	256.83	222.84
Other Current Assets	-	-0	-	-	-	-
Total Current Assets	633.34	573.04	692.54	505.65	555.19	316.75
Property, Plant & Equipment	115.65	116.22	106.17	102.05	95.35	85.37
Long-Term Investments	5.43	5.43	5.43	5.43	5.43	5.43
Other Intangible Assets	0.12	0.13	0.02	0.02	0.03	0.43
Other Long-Term Assets	0.3	0.09	3.81	2.15	1.29	1.37
Total Assets	754.84	694.9	807.97	615.3	657.29	409.35
Accounts Payable	32.36	18.71	25.28	22.56	14.41	31.37
Accrued Expenses	20.23	-	-	-	-	-
Short-Term Debt	-	-	-	-	42.73	73.02
Current Unearned Revenue	3.94	3.72	0	213.73	250.78	14.86
Other Current Liabilities	3.01	7.83	8.41	17.5	48.34	11.59
Total Current Liabilities	59.55	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	355.45	82.65	97.81	107.02	67.45	52.72
Total Liabilities	415	385.71	540.85	368.02	428.76	189.53
Common Stock	47.2	47.2	47.2	47.2	47.2	47.2
Retained Earnings	115.15	62.12	47.74	40.16	27.15	37.42
Treasury Stock	-6.71	-6.71	-6.71	-6.71	-6.71	-6.71
Comprehensive Income & Other	184.2	206.59	178.89	166.63	160.88	141.9
Shareholders' Equity	339.84	309.19	267.12	247.28	228.53	219.81
Total Liabilities & Equity	754.84	694.9	807.97	615.3	657.29	409.35
Total Debt	-	-	-	-	42.73	73.02
Net Cash (Debt)	5.32	60.75	19.86	85.64	215.56	-27.72
Net Cash Growth	-87.30%	205.88%	-76.81%	-60.27%	-	-
Net Cash Per Share	0.29	3.32	1.09	4.69	11.79	-1.52
Filing Date Shares Outstanding	18.28	18.28	18.28	18.28	18.28	18.28
Total Common Shares Outstanding	18.28	18.28	18.28	18.28	18.28	18.28
Working Capital	573.79	542.78	658.86	251.86	198.93	185.91
Book Value Per Share	18.59	16.92	14.61	13.53	12.50	12.03
Tangible Book Value	339.72	309.07	267.11	247.26	228.49	219.39
Tangible Book Value Per Share	18.59	16.91	14.61	13.53	12.50	12.00
Land	27.66	27.66	27.66	27.66	27.66	27.66
Buildings	43.35	44.09	44.07	44.07	44.04	42.83
Machinery	31.76	31.7	25.9	24.53	23.55	19.08
Construction In Progress	55.17	54.85	46.65	40.2	31.97	23.98