MiniMax Group 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	362.65	288.91	206.3	4.69
Short-Term Investments	9.44	179.7	92.1	0.13
Trading Asset Securities	644.15	295.22	15.8	65.79
Cash & Short-Term Investments	1,016	763.84	314.2	70.61
Cash Growth	-	143.10%	344.99%	-
Accounts Receivable	8.06	6.98	1.34	-
Other Receivables	1.5	7.14	3.85	0.39
Receivables	9.56	14.13	5.19	0.39
Prepaid Expenses	0.45	0.39	0.12	0.06
Restricted Cash	25.1	27.29	-	2.22
Total Current Assets	1,052	805.65	319.51	73.27
Property, Plant & Equipment	3.88	4.17	4.02	0.69
Long-Term Investments	76.67	100.17	-	-
Other Long-Term Assets	0.77	0.6	0.47	-
Total Assets	1,133	910.58	324.01	73.96
Accounts Payable	70.22	51.21	17.24	2.39
Accrued Expenses	9.05	10.6	5.47	1.98
Short-Term Debt	2,340	1,616	629	145.18
Current Portion of Leases	1.69	1.96	1.25	0.35
Current Income Taxes Payable	1.21	0.64	0.3	0.08
Current Unearned Revenue	4.66	1.55	0.56	-
Other Current Liabilities	7.06	25.55	8.97	0.27
Total Current Liabilities	2,434	1,708	662.79	150.24
Long-Term Leases	0.94	1.06	1.91	0.09
Long-Term Unearned Revenue	1.47	1.2	1.22	-
Total Liabilities	2,437	1,710	665.92	150.34
Retained Earnings	-1,325	-812.03	-346.79	-77.54
Comprehensive Income & Other	21.64	12.71	4.87	1.17
Shareholders' Equity	-1,303	-799.32	-341.91	-76.37
Total Liabilities & Equity	1,133	910.58	324.01	73.96
Total Debt	2,343	1,619	632.16	145.62
Net Cash (Debt)	-1,327	-855.31	-317.96	-75.01
Net Cash Per Share	-12.21	-7.87	-3.02	-0.75
Filing Date Shares Outstanding	108.65	103.31	105.33	100
Total Common Shares Outstanding	108.65	103.31	105.33	100
Working Capital	-1,382	-902	-343.28	-76.97
Book Value Per Share	-12.00	-7.74	-3.25	-0.76
Tangible Book Value	-1,303	-799.32	-341.91	-76.37
Tangible Book Value Per Share	-12.00	-7.74	-3.25	-0.76
Machinery	1.32	1.14	0.66	0.26
Leasehold Improvements	1.05	0.61	0.26	-

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