Bell Equipment Balance Sheet

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	512	283.37	251.79	228.6	156.33	82.75
Cash & Short-Term Investments	512	283.37	251.79	228.6	156.33	82.75
Cash Growth	109.00%	12.54%	10.14%	46.23%	88.92%	-9.23%
Accounts Receivable	1,740	1,120	1,604	1,010	837.7	691.06
Other Receivables	45.93	254.58	429.06	303.89	215.73	245.18
Receivables	1,978	1,561	2,212	1,545	1,272	1,083
Inventory	4,489	5,149	5,963	4,925	3,655	3,595
Prepaid Expenses	144.12	52.73	55.1	39.72	33.6	22.77
Other Current Assets	-	6.83	27.73	18.15	14.55	10.23
Total Current Assets	7,123	7,054	8,509	6,757	5,131	4,794
Property, Plant & Equipment	1,473	1,383	1,421	1,312	1,170	1,223
Long-Term Investments	27.84	23.94	35.73	62.94	58.72	33.62
Other Intangible Assets	296.36	58.27	40.82	35.09	47.04	44.15
Long-Term Deferred Tax Assets	256.6	283.12	274.22	214.42	231.6	221.19
Long-Term Deferred Charges	-	262.68	238.61	225.13	235.2	233.64
Total Assets	9,198	9,092	10,535	8,651	6,924	6,640
Accounts Payable	1,530	813.06	1,620	1,288	952.19	708.06
Accrued Expenses	-	179.13	224.12	289.34	213.31	162.39
Short-Term Debt	54.08	422.91	992.02	531.36	473.33	481.39
Current Portion of Long-Term Debt	49.09	250.85	637.91	652.05	202.81	547.38
Current Portion of Leases	98.24	93.43	76.4	50.28	42.8	49.67
Current Income Taxes Payable	34.99	53.12	62.79	46.92	31.93	3.12
Current Unearned Revenue	272.16	276.04	281.45	319.89	243.83	209.56
Other Current Liabilities	293.42	357.61	323.89	237.43	220.65	215.27
Total Current Liabilities	2,332	2,446	4,219	3,415	2,381	2,377
Long-Term Debt	139.05	151.44	157.47	193.07	175.84	204.32
Long-Term Leases	366.74	358.78	433.45	388.94	266.73	282.54
Long-Term Unearned Revenue	200.57	189.71	226.53	116.16	98.36	125.83
Long-Term Deferred Tax Liabilities	78.96	75.21	81.57	70.63	73.09	62.68
Other Long-Term Liabilities	183.33	193.89	131.68	101.88	67.4	83.95
Total Liabilities	3,301	3,415	5,250	4,286	3,062	3,136
Common Stock	235.54	235.54	235.54	235.54	235.54	235.54
Retained Earnings	4,240	4,192	3,753	3,076	2,661	2,360
Comprehensive Income & Other	1,307	1,146	1,223	1,008	940.67	891.36
Total Common Equity	5,783	5,574	5,211	4,320	3,838	3,487
Minority Interest	114.6	102.81	73.54	44.87	24.06	16.57
Shareholders' Equity	5,897	5,677	5,285	4,365	3,862	3,504
Total Liabilities & Equity	9,198	9,092	10,535	8,651	6,924	6,640
Total Debt	707.21	1,277	2,297	1,816	1,162	1,565
Net Cash (Debt)	-195.21	-994.03	-2,045	-1,587	-1,005	-1,483
Net Cash Per Share	-1.81	-9.33	-19.93	-12.42	-9.12	-15.50
Filing Date Shares Outstanding	95.63	95.6	95.63	95.63	95.63	95.63
Total Common Shares Outstanding	95.63	95.6	95.63	95.63	95.63	95.63
Working Capital	4,791	4,608	4,291	3,342	2,750	2,417
Book Value Per Share	60.47	58.31	54.50	45.18	40.13	36.47
Tangible Book Value	5,486	5,516	5,171	4,285	3,791	3,443
Tangible Book Value Per Share	57.37	57.70	54.07	44.81	39.64	36.00
Land	-	741.95	758.21	679.19	649.55	642.94
Buildings	-	14.82	12.6	11.39	7.66	6.93
Machinery	-	1,073	981.55	933.49	978.46	930.75

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