MiniMax Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	507.62	288.91	206.3	4.69
Short-Term Investments	13.79	179.7	92.1	0.13
Trading Asset Securities	438.53	295.22	15.8	65.79
Cash & Short-Term Investments	959.93	763.84	314.2	70.61
Cash Growth	25.67%	143.10%	344.99%	-
Accounts Receivable	10.73	6.98	1.34	-
Other Receivables	-	7.14	3.85	0.39
Receivables	10.73	14.13	5.19	0.39
Prepaid Expenses	16.32	0.39	0.12	0.06
Restricted Cash	20.38	27.29	-	2.22
Total Current Assets	1,007	805.65	319.51	73.27
Property, Plant & Equipment	3.93	4.17	4.02	0.69
Long-Term Investments	76.19	100.17	-	-
Other Long-Term Assets	0.93	0.6	0.47	-
Total Assets	1,088	910.58	324.01	73.96
Accounts Payable	57.68	51.21	17.24	2.39
Accrued Expenses	-	10.6	5.47	1.98
Short-Term Debt	3,633	1,616	629	145.18
Current Portion of Leases	1.32	1.96	1.25	0.35
Current Income Taxes Payable	-	0.64	0.3	0.08
Current Unearned Revenue	7.54	1.55	0.56	-
Other Current Liabilities	34.07	25.55	8.97	0.27
Total Current Liabilities	3,734	1,708	662.79	150.24
Long-Term Leases	0.64	1.06	1.91	0.09
Long-Term Unearned Revenue	2.33	1.2	1.22	-
Total Liabilities	3,737	1,710	665.92	150.34
Retained Earnings	-2,648	-812.03	-346.79	-77.54
Comprehensive Income & Other	-	12.71	4.87	1.17
Shareholders' Equity	-2,648	-799.32	-341.91	-76.37
Total Liabilities & Equity	1,088	910.58	324.01	73.96
Total Debt	3,635	1,619	632.16	145.62
Net Cash (Debt)	-2,675	-855.31	-317.96	-75.01
Net Cash Per Share	-24.63	-7.87	-3.02	-0.75
Filing Date Shares Outstanding	108.55	103.31	105.33	100
Total Common Shares Outstanding	108.55	103.31	105.33	100
Working Capital	-2,726	-902	-343.28	-76.97
Book Value Per Share	-24.40	-7.74	-3.25	-0.76
Tangible Book Value	-2,648	-799.32	-341.91	-76.37
Tangible Book Value Per Share	-24.40	-7.74	-3.25	-0.76
Machinery	-	1.14	0.66	0.26
Leasehold Improvements	-	0.61	0.26	-

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