IRC Limited 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	40.88	60.58	56.09	36.28	51.54
Short-Term Investments	0.7	0.15	0.47	0.63	0.59
Cash & Short-Term Investments	41.57	60.73	56.56	36.9	52.13
Cash Growth	-31.55%	7.38%	53.27%	-29.21%	155.90%
Accounts Receivable	31.51	30.68	27.39	20.54	2.43
Other Receivables	-	10.84	12.72	14.48	15.29
Receivables	31.51	41.52	40.11	35.01	17.72
Inventory	54.25	47.57	45.79	40.71	43.88
Other Current Assets	-	5.35	18.24	5.04	8.24
Total Current Assets	127.33	155.18	160.7	117.66	121.97
Property, Plant & Equipment	148.46	290.66	290.34	456.68	575.79
Other Long-Term Assets	0.58	-	-	19.62	11.39
Total Assets	276.37	445.84	451.04	593.95	709.15
Accounts Payable	39.34	12.11	11.42	10.73	14.91
Accrued Expenses	-	36.67	31.65	27.55	28.02
Current Portion of Long-Term Debt	28.07	19.24	17.87	10.8	19.92
Current Portion of Leases	1.49	0.12	0.06	0.13	3.68
Current Income Taxes Payable	0.31	0.13	-	0	0.25
Other Current Liabilities	-	29.73	43.97	22.77	24.26
Total Current Liabilities	69.21	98	104.97	71.98	91.04
Long-Term Debt	-	25.52	49.45	67.26	92.69
Long-Term Leases	12.25	0.05	-	0.06	-
Long-Term Deferred Tax Liabilities	4.96	5.31	4.05	1.83	2.29
Other Long-Term Liabilities	4.84	1.56	3.59	4.55	6.75
Total Liabilities	91.27	130.45	162.06	145.68	192.77
Common Stock	1,351	1,351	1,304	1,304	1,285
Retained Earnings	-1,201	-1,070	-1,049	-892.5	-804.6
Comprehensive Income & Other	36.32	35.21	34.46	36.64	35.94
Total Common Equity	185.79	316.14	289.62	448.61	516.83
Minority Interest	-0.69	-0.76	-0.64	-0.34	-0.45
Shareholders' Equity	185.1	315.39	288.98	448.27	516.38
Total Liabilities & Equity	276.37	445.84	451.04	593.95	709.15
Total Debt	41.82	44.93	67.38	78.25	116.29
Net Cash (Debt)	-0.24	15.8	-10.82	-41.35	-64.16
Net Cash Per Share	-0.00	0.02	-0.01	-0.06	-0.09
Filing Date Shares Outstanding	1,277	1,278	851.97	851.97	709.97
Total Common Shares Outstanding	1,277	1,278	851.97	851.97	709.97
Working Capital	58.11	57.18	55.73	45.68	30.92
Book Value Per Share	0.15	0.25	0.34	0.53	0.73
Tangible Book Value	185.79	316.14	289.62	448.61	516.83
Tangible Book Value Per Share	0.15	0.25	0.34	0.53	0.73
Construction In Progress	-	14.45	14.45	14.45	14.45

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