FRA:K1L 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	13.48	59.27	75.99	46.07	83.31	38.03
Short-Term Investments	-	-	-	14.76	-	-
Cash & Short-Term Investments	13.48	59.27	75.99	60.83	83.31	38.03
Cash Growth	-75.02%	-22.00%	24.92%	-26.98%	119.08%	60.83%
Receivables	52.56	42.98	35.69	37.18	26.16	30.02
Inventory	3.09	3.05	2.95	2.62	2.72	2.39
Prepaid Expenses	8.2	4.79	5.56	4.74	4.88	3.72
Restricted Cash	-	-	4.28	4.21	-	-
Other Current Assets	-	1.15	10.2	4.56	4.56	-
Total Current Assets	77.33	111.25	134.66	114.14	121.63	74.16
Property, Plant & Equipment	328.08	266.31	156.58	117.04	114.61	103.58
Goodwill	10.74	10.74	10.74	14.54	14.54	14.54
Long-Term Deferred Tax Assets	24.81	25.36	23.22	22.31	23.71	35.72
Long-Term Deferred Charges	0.34	0.32	-	-	-	-
Other Long-Term Assets	25.64	22.57	20.05	23.55	20.82	17.2
Total Assets	466.94	436.56	345.25	291.57	295.3	245.19
Accounts Payable	35.07	37.03	18.15	10.5	12.3	15.68
Accrued Expenses	16.8	11.99	13.68	8.65	15.67	16.69
Current Portion of Long-Term Debt	-	-	-	-	-	2
Current Portion of Leases	10.52	9.5	11.81	9.63	11.48	8.5
Current Income Taxes Payable	-	1.07	2.83	2.06	1.02	0.49
Current Unearned Revenue	33.49	30.63	26.91	24.15	25.41	-
Other Current Liabilities	-	-	0.03	0.03	0.02	23.48
Total Current Liabilities	95.88	90.21	73.41	55.02	65.88	66.84
Long-Term Debt	8	-	-	-	-	15.91
Long-Term Leases	177.21	168.06	104.98	91	86.41	52.7
Pension & Post-Retirement Benefits	-	-	-	0.67	1.61	4.25
Other Long-Term Liabilities	-	0.02	0.06	-	-	2.43
Total Liabilities	281.09	258.29	178.45	146.69	153.9	142.14
Common Stock	48.18	48.18	48.18	49.07	141.38	141.38
Additional Paid-In Capital	50.93	50.64	49.38	45.54	32.44	30.51
Retained Earnings	86.47	79.17	69.28	51.23	39.7	6.2
Treasury Stock	-	-	-	-	-82.86	-82.86
Comprehensive Income & Other	0.27	0.27	-0.04	-0.96	-1.24	-4.17
Total Common Equity	185.85	178.26	166.8	144.88	129.42	91.07
Shareholders' Equity	185.85	178.26	166.8	144.88	141.4	103.05
Total Liabilities & Equity	466.94	436.56	345.25	291.57	295.3	245.19
Total Debt	195.73	177.56	116.79	100.63	97.89	79.12
Net Cash (Debt)	-182.25	-118.29	-40.79	-39.8	-14.58	-41.09
Net Cash Per Share	-5.84	-3.83	-1.34	-1.54	-0.58	-1.66
Filing Date Shares Outstanding	31.62	31.59	31.76	31.51	27.45	26.99
Total Common Shares Outstanding	31.62	31.46	31.36	31.15	27	26.48
Working Capital	-18.55	21.04	61.25	59.12	55.75	7.32
Book Value Per Share	5.88	5.67	5.32	4.65	4.79	3.44
Tangible Book Value	175.11	167.52	156.06	130.34	114.88	76.53
Tangible Book Value Per Share	5.54	5.32	4.98	4.18	4.25	2.89
Land	0.05	0.05	0.05	0.05	0.65	6.97
Buildings	157.47	104.08	101.54	86.03	88.06	134.53
Machinery	112.28	85.91	81.81	83.34	86.19	82.87
Construction In Progress	40.52	54.76	7.62	0.89	1.56	0.33

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