Bell Equipment Limited (JSE:BEL)

Bell Equipment Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	664.34	631.45	283.37	251.79	228.6	156.33
Cash & Short-Term Investments	664.34	631.45	283.37	251.79	228.6	156.33
Cash Growth	29.75%	122.84%	12.54%	10.14%	46.23%	88.92%
Accounts Receivable	1,603	1,039	1,120	1,604	1,010	837.7
Other Receivables	30.52	232.04	254.58	429.06	303.89	215.73
Receivables	1,873	1,439	1,561	2,212	1,545	1,272
Inventory	4,508	4,823	5,149	5,963	4,925	3,655
Prepaid Expenses	180.9	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	7,226	6,963	7,054	8,509	6,757	5,131
Property, Plant & Equipment	1,287	1,376	1,383	1,421	1,312	1,170
Long-Term Investments	25.22	26.19	23.94	35.73	62.94	58.72
Other Intangible Assets	321.42	78.62	58.27	40.82	35.09	47.04
Long-Term Deferred Tax Assets	265.77	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	9,146	8,946	9,092	10,535	8,651	6,924

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,567	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	340.68	221.66	422.91	992.02	531.36	473.33
Current Portion of Long-Term Debt	38.93	45.51	250.85	637.91	652.05	202.81
Current Portion of Leases	99.84	97.3	93.43	76.4	50.28	42.8
Current Income Taxes Payable	4.87	9.89	53.12	62.79	46.92	31.93
Current Unearned Revenue	228.9	219.68	276.04	281.45	319.89	243.83
Other Current Liabilities	204.71	291.11	357.61	323.89	237.43	220.65
Total Current Liabilities	2,484	2,061	2,446	4,219	3,415	2,381
Long-Term Debt	176.38	204.22	151.44	157.47	193.07	175.84
Long-Term Leases	297.95	364.98	358.78	433.45	388.94	266.73
Long-Term Unearned Revenue	169.85	171.59	189.71	226.53	116.16	98.36
Long-Term Deferred Tax Liabilities	87.57	84.59	75.21	81.57	70.63	73.09
Other Long-Term Liabilities	119.72	154.75	193.89	131.68	101.88	67.4
Total Liabilities	3,336	3,041	3,415	5,250	4,286	3,062

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	235.54	235.54	235.54	235.54	235.54	235.54
Retained Earnings	4,381	4,410	4,192	3,753	3,076	2,661
Comprehensive Income & Other	1,060	1,134	1,146	1,223	1,008	940.67
Total Common Equity	5,677	5,780	5,574	5,211	4,320	3,838
Minority Interest	133.89	124.78	102.81	73.54	44.87	24.06
Shareholders' Equity	5,811	5,904	5,677	5,285	4,365	3,862
Total Liabilities & Equity	9,146	8,946	9,092	10,535	8,651	6,924

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	953.78	933.67	1,277	2,297	1,816	1,162
Net Cash (Debt)	-289.44	-302.22	-994.03	-2,045	-1,587	-1,005
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.51	-2.92	-9.33	-19.93	-12.42	-9.12
Filing Date Shares Outstanding	95.77	95.6	95.6	95.63	95.63	95.63
Total Common Shares Outstanding	95.77	95.6	95.6	95.63	95.63	95.63
Working Capital	4,742	4,901	4,608	4,291	3,342	2,750
Book Value Per Share	59.27	60.46	58.31	54.50	45.18	40.13
Tangible Book Value	5,355	5,701	5,516	5,171	4,285	3,791
Tangible Book Value Per Share	55.92	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	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Mar 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 9, 2026

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