National Drilling Company Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	7.67	1.63	1.34	0.63	0.52	0.16
Cash & Short-Term Investments	7.67	1.63	1.34	0.63	0.52	0.16
Cash Growth	570.23%	22.46%	113.49%	19.54%	231.88%	-56.84%
Receivables	11.26	10.54	9.19	4.61	1.91	1.64
Inventory	10.12	9.7	7.89	6.48	6.01	5.77
Prepaid Expenses	5.08	6.66	3.51	3.09	2.95	0.67
Other Current Assets	0.96	1	1.34	1.71	0.42	0.5
Total Current Assets	35.1	29.54	23.26	16.51	11.81	8.75
Property, Plant & Equipment	40.68	40.78	38.4	38.03	36.2	32.67
Other Intangible Assets	0	0.02	0.03	0.05	0.07	0.09
Total Assets	75.79	70.33	61.69	54.59	48.08	41.5
Accounts Payable	2.35	2.2	1.53	2.64	1.66	2.47
Accrued Expenses	2.86	2.92	1.4	1.53	0.96	0.59
Current Income Taxes Payable	0.05	0.15	0.34	0.34	0.34	0.34
Other Current Liabilities	0.06	0.06	0.06	0.06	0.06	0.06
Total Current Liabilities	5.33	5.34	3.34	4.57	3.03	3.47
Long-Term Debt	17.09	18.24	17.99	20.97	20.83	11.72
Total Liabilities	22.42	23.58	21.33	25.54	23.86	15.19
Common Stock	8	8	8	8	8	8
Retained Earnings	45.36	38.75	32.37	21.06	16.21	18.31
Shareholders' Equity	53.36	46.75	40.37	29.06	24.21	26.31
Total Liabilities & Equity	75.79	70.33	61.69	54.59	48.08	41.5
Total Debt	17.09	18.24	17.99	20.97	20.83	11.72
Net Cash (Debt)	-9.42	-16.6	-16.65	-20.34	-20.31	-11.57
Net Cash Per Share	-1.88	-3.32	-3.33	-4.07	-4.06	-2.31
Filing Date Shares Outstanding	5	5	5	5	5	5
Total Common Shares Outstanding	5	5	5	5	5	5
Working Capital	29.77	24.19	19.92	11.94	8.78	5.28
Book Value Per Share	10.67	9.35	8.07	5.81	4.84	5.26
Tangible Book Value	53.36	46.74	40.33	29	24.14	26.22
Tangible Book Value Per Share	10.67	9.35	8.07	5.80	4.83	5.24
Buildings	0.33	0.33	0.33	0.26	0.26	0.26
Machinery	84.63	83.98	81.09	80.1	77.58	73.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.