Propel Holdings 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	27.62	20.5	13.75	7.66	7.24	5.25
Cash & Short-Term Investments	27.62	20.5	13.75	7.66	7.24	5.25
Cash Growth	62.48%	49.10%	79.54%	5.80%	37.99%	-15.43%
Accounts Receivable	-	4.19	2.41	1.42	2.27	-
Other Receivables	78.55	60.49	40.38	24.6	14.13	7.05
Receivables	428.61	371.8	260.46	199.59	105.51	50.49
Prepaid Expenses	3.07	3.28	1.91	1.7	1.49	0.45
Restricted Cash	44.56	42.23	29.29	22.62	16.29	7.88
Other Current Assets	-	-	0.57	-	0.04	0.35
Total Current Assets	503.87	437.81	305.99	231.56	130.56	64.41
Property, Plant & Equipment	9.1	2.45	2.22	2.64	2.98	3.49
Goodwill	46.48	42.98	-	-	-	-
Other Intangible Assets	31.8	26.94	13.44	11.47	7.91	6.87
Long-Term Deferred Tax Assets	30.1	25.38	17.04	8.21	5.33	3.2
Long-Term Deferred Charges	19.72	15.45	5.58	2.8	2.72	1.08
Total Assets	641.07	551.01	344.26	256.68	149.5	79.05
Accounts Payable	8.83	10.56	4.32	2.3	2.73	2.74
Accrued Expenses	17.66	21.15	15.06	14.1	16.97	4.19
Current Portion of Long-Term Debt	-	-	-	-	4.65	15.6
Current Portion of Leases	1.18	0.87	0.85	0.7	0.59	0.52
Current Income Taxes Payable	17.7	16.02	10.87	3.94	4.34	5.14
Other Current Liabilities	17.38	16.67	9.05	2.08	-	4.57
Total Current Liabilities	62.75	65.27	40.15	23.12	29.28	32.74
Long-Term Debt	306.65	271.96	199.17	148.9	42.22	33.7
Long-Term Leases	8.14	1.46	1.5	1.97	2.59	3.02
Long-Term Deferred Tax Liabilities	3.36	2.2	1.93	1.04	0.08	1.18
Total Liabilities	380.9	340.89	242.74	175.04	74.17	70.64
Common Stock	161.59	157.63	78.96	78.95	78.95	4.88
Additional Paid-In Capital	6.34	4.82	3.66	1.66	0.42	0.06
Retained Earnings	89.54	51.06	18.67	1.03	-4.04	3.47
Comprehensive Income & Other	2.7	-3.39	0.22	-	-	-
Shareholders' Equity	260.17	210.11	101.52	81.64	75.33	8.42
Total Liabilities & Equity	641.07	551.01	344.26	256.68	149.5	79.05
Total Debt	315.98	274.29	201.52	151.57	50.05	52.83
Net Cash (Debt)	-288.36	-253.79	-187.77	-143.91	-42.81	-47.59
Net Cash Per Share	-6.91	-6.68	-5.11	-4.03	-1.52	-1.96
Filing Date Shares Outstanding	39.35	38.84	34.33	34.33	34.33	11.87
Total Common Shares Outstanding	39.35	38.84	34.33	34.33	34.33	11.87
Working Capital	441.12	372.54	265.84	208.44	101.28	31.67
Book Value Per Share	6.61	5.41	2.96	2.38	2.19	0.71
Tangible Book Value	181.89	140.19	88.08	70.17	67.42	1.54
Tangible Book Value Per Share	4.62	3.61	2.57	2.04	1.96	0.13
Machinery	-	0.98	0.96	0.87	1.39	1.2
Leasehold Improvements	-	0.56	0.4	0.4	0.39	0.5

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