S.C. IOR 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	79.62	62.09	29.2	17.13	13.78
Cash & Short-Term Investments	79.62	62.09	29.2	17.13	13.78
Cash Growth	28.23%	112.68%	70.42%	24.34%	14.12%
Accounts Receivable	3.87	3.35	3.55	5.22	5.24
Other Receivables	3.1	3.6	4	4.69	5.02
Receivables	6.97	6.95	7.55	9.9	10.26
Inventory	82.68	62.5	33.67	24.13	21.87
Prepaid Expenses	0.01	0	0	0.01	0.02
Total Current Assets	169.27	131.55	70.42	51.18	45.93
Property, Plant & Equipment	113.02	115.05	120.73	123.76	126.18
Other Intangible Assets	0.13	0.08	0.06	0.07	0.03
Other Long-Term Assets	0.38	0.27	0.01	-	0.1
Total Assets	282.91	247.1	191.3	175.07	172.36
Accounts Payable	21.95	8.42	1.08	1.81	1.35
Accrued Expenses	-	-	-	29.38	29.55
Short-Term Debt	-	-	-	-	0
Current Income Taxes Payable	-	-	-	6.42	5.72
Current Unearned Revenue	30.08	31.17	0.81	0.29	0.37
Other Current Liabilities	33.93	34.37	34.2	0.21	0.24
Total Current Liabilities	85.95	73.96	36.09	38.12	37.24
Long-Term Debt	16.09	15.7	15.7	15.62	19.8
Total Liabilities	102.04	89.66	51.79	53.74	57.05
Common Stock	72.28	72.25	55.23	37.71	31.66
Retained Earnings	8.27	6.86	-0.31	-4.25	-12.84
Comprehensive Income & Other	100.33	78.33	84.58	87.87	96.5
Shareholders' Equity	180.87	157.44	139.5	121.33	115.32
Total Liabilities & Equity	282.91	247.1	191.3	175.07	172.36
Total Debt	16.09	15.7	15.7	15.62	19.81
Net Cash (Debt)	63.53	46.39	13.5	1.51	-6.03
Net Cash Growth	36.94%	243.79%	792.48%	-	-
Net Cash Per Share	0.09	0.06	0.02	0.00	-0.02
Filing Date Shares Outstanding	722.79	722.5	552.29	377.14	316.63
Total Common Shares Outstanding	722.79	722.5	552.29	377.14	316.63
Working Capital	83.32	57.59	34.32	13.06	8.69
Book Value Per Share	0.25	0.22	0.25	0.32	0.36
Tangible Book Value	180.74	157.36	139.45	121.26	115.29
Tangible Book Value Per Share	0.25	0.22	0.25	0.32	0.36
Land	89.78	89.78	95.38	96.67	98.58
Buildings	87.84	87.84	99.99	108.88	115.41
Machinery	28.67	28.49	27.07	26.5	24.78
Construction In Progress	3.74	2.33	0.59	0.22	0.44

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