Argan Balance Sheet

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

Millions EUR. 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
Property, Plant & Equipment	4,198	4,039	3,862	4,071	3,858
Cash & Equivalents	27.18	85.69	51.96	169.25	523.16
Accounts Receivable	60.42	58.25	38.6	46.88	23.81
Other Receivables	12.9	11.99	25.69	37.55	22.48
Goodwill	55.65	55.65	55.65	55.65	55.65
Other Intangible Assets	0.03	-	0	0	0
Other Current Assets	1.36	1	19.31	25.96	15.14
Other Long-Term Assets	7.83	11.12	18.2	32.63	2.69
Total Assets	4,363	4,262	4,071	4,439	4,501
Current Portion of Long-Term Debt	678.87	87.12	152.26	207.61	338.66
Current Portion of Leases	9.5	11.31	14.9	18.44	22.79
Long-Term Debt	1,017	1,666	1,723	1,667	1,680
Long-Term Leases	101.45	116.02	129.79	152.75	181.4
Accounts Payable	9.89	9.82	18.04	29.94	17.11
Accrued Expenses	1.27	1.47	1.24	1.04	1.22
Current Income Taxes Payable	12.35	11.81	8.78	8.38	7.76
Current Unearned Revenue	62.59	62.84	60.93	56.07	48.67
Other Current Liabilities	9.5	19.6	27.87	31.2	29.41
Other Long-Term Liabilities	11.42	11.05	12.14	11.17	10.36
Total Liabilities	1,914	1,998	2,149	2,184	2,337
Common Stock	51.48	50.81	46.16	45.9	45.18
Additional Paid-In Capital	330.14	334.91	229.42	291.27	272.44
Retained Earnings	245.2	245.7	-263.45	95.09	668.11
Treasury Stock	-0.87	-1.54	-0.88	-0.79	-0.09
Comprehensive Income & Other	1,782	1,596	1,877	1,786	1,140
Total Common Equity	2,408	2,226	1,888	2,217	2,126
Minority Interest	41.34	38.53	34.62	37.62	37.84
Shareholders' Equity	2,450	2,265	1,922	2,255	2,163
Total Liabilities & Equity	4,363	4,262	4,071	4,439	4,501
Total Debt	1,807	1,881	2,020	2,046	2,223
Net Cash (Debt)	-1,779	-1,795	-1,968	-1,877	-1,699
Net Cash Per Share	-69.35	-72.78	-85.44	-82.23	-75.24
Filing Date Shares Outstanding	25.72	25.38	23.07	22.94	22.59
Total Common Shares Outstanding	25.72	25.38	23.07	22.94	22.59
Book Value Per Share	93.62	87.72	81.83	96.66	94.11
Tangible Book Value	2,352	2,170	1,832	2,162	2,070
Tangible Book Value Per Share	91.45	85.52	79.42	94.24	91.64
Land	8.65	8.65	8.65	8.65	8.65
Buildings	3	3	3	3	3
Construction In Progress	60.85	39.94	119.14	63.83	52.84

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