Bell Equipment Balance Sheet

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

Millions ZAR. 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	631.45	283.37	251.79	228.6	156.33
Cash & Short-Term Investments	631.45	283.37	251.79	228.6	156.33
Cash Growth	122.84%	12.54%	10.14%	46.23%	88.92%
Accounts Receivable	1,039	1,120	1,604	1,010	837.7
Other Receivables	232.04	254.58	429.06	303.89	215.73
Receivables	1,439	1,561	2,212	1,545	1,272
Inventory	4,823	5,149	5,963	4,925	3,655
Prepaid Expenses	62.39	52.73	55.1	39.72	33.6
Other Current Assets	6.35	6.83	27.73	18.15	14.55
Total Current Assets	6,963	7,054	8,509	6,757	5,131
Property, Plant & Equipment	1,376	1,383	1,421	1,312	1,170
Long-Term Investments	26.19	23.94	35.73	62.94	58.72
Other Intangible Assets	78.62	58.27	40.82	35.09	47.04
Long-Term Deferred Tax Assets	236.6	283.12	274.22	214.42	231.6
Long-Term Deferred Charges	241.27	262.68	238.61	225.13	235.2
Total Assets	8,946	9,092	10,535	8,651	6,924
Accounts Payable	1,016	813.06	1,620	1,288	952.19
Accrued Expenses	160.51	179.13	224.12	289.34	213.31
Short-Term Debt	221.66	422.91	992.02	531.36	473.33
Current Portion of Long-Term Debt	45.51	250.85	637.91	652.05	202.81
Current Portion of Leases	97.3	93.43	76.4	50.28	42.8
Current Income Taxes Payable	9.89	53.12	62.79	46.92	31.93
Current Unearned Revenue	219.68	276.04	281.45	319.89	243.83
Other Current Liabilities	291.11	357.61	323.89	237.43	220.65
Total Current Liabilities	2,061	2,446	4,219	3,415	2,381
Long-Term Debt	204.22	151.44	157.47	193.07	175.84
Long-Term Leases	364.98	358.78	433.45	388.94	266.73
Long-Term Unearned Revenue	171.59	189.71	226.53	116.16	98.36
Long-Term Deferred Tax Liabilities	84.59	75.21	81.57	70.63	73.09
Other Long-Term Liabilities	154.75	193.89	131.68	101.88	67.4
Total Liabilities	3,041	3,415	5,250	4,286	3,062
Common Stock	235.54	235.54	235.54	235.54	235.54
Retained Earnings	4,410	4,192	3,753	3,076	2,661
Comprehensive Income & Other	1,134	1,146	1,223	1,008	940.67
Total Common Equity	5,780	5,574	5,211	4,320	3,838
Minority Interest	124.78	102.81	73.54	44.87	24.06
Shareholders' Equity	5,904	5,677	5,285	4,365	3,862
Total Liabilities & Equity	8,946	9,092	10,535	8,651	6,924
Total Debt	933.67	1,277	2,297	1,816	1,162
Net Cash (Debt)	-302.22	-994.03	-2,045	-1,587	-1,005
Net Cash Per Share	-2.92	-9.33	-19.93	-12.42	-9.12
Filing Date Shares Outstanding	95.6	95.6	95.63	95.63	95.63
Total Common Shares Outstanding	95.6	95.6	95.63	95.63	95.63
Working Capital	4,901	4,608	4,291	3,342	2,750
Book Value Per Share	60.46	58.31	54.50	45.18	40.13
Tangible Book Value	5,701	5,516	5,171	4,285	3,791
Tangible Book Value Per Share	59.64	57.70	54.07	44.81	39.64
Land	747.91	741.95	758.21	679.19	649.55
Buildings	-	-	12.6	11.39	7.66
Machinery	999.77	1,073	981.55	933.49	978.46
Leasehold Improvements	32.93	14.82	-	-	-

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