Cadogan Energy Solutions 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	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	20.09	14.38	14.16	13.93	15.01	13.25
Cash & Short-Term Investments	20.09	14.38	14.16	13.93	15.01	13.25
Cash Growth	32.69%	1.60%	1.59%	-7.17%	13.26%	3.26%
Accounts Receivable	0.02	0.03	0.02	0.14	0.04	-
Other Receivables	0.09	0.07	0.21	0.12	0.09	1.63
Receivables	0.11	10.49	17.3	16.08	16.85	18.44
Inventory	0.29	0.52	0.36	0.3	0.18	2.16
Prepaid Expenses	0.28	0.26	0.08	0.06	0.09	-
Total Current Assets	20.76	25.64	31.9	30.37	32.13	33.85
Property, Plant & Equipment	9.89	5.49	6.01	6.74	9.8	10.26
Other Intangible Assets	-	-	-	-	-	2.38
Long-Term Deferred Tax Assets	-	-	0.37	0.32	0.43	0.42
Other Long-Term Assets	1.44	-	-	-	-	-
Total Assets	32.09	31.13	38.29	37.43	42.36	46.91
Accounts Payable	0.87	0.09	0.14	0.57	0.48	0.61
Accrued Expenses	0.44	1.45	1.04	0.78	0.88	0.21
Current Portion of Leases	0.1	0.1	0.09	0.08	0.1	0.1
Other Current Liabilities	0.15	0.25	0.32	0.19	0.11	0.57
Total Current Liabilities	1.56	1.88	1.58	1.62	1.58	1.48
Long-Term Leases	0.04	0.08	0.15	0.03	0.1	0.2
Other Long-Term Liabilities	0.1	0.11	0.11	0.26	0.3	0.22
Total Liabilities	1.7	2.06	1.85	1.91	1.99	1.9
Common Stock	14.09	13.83	13.83	13.83	13.83	13.83
Additional Paid-In Capital	0.51	0.51	0.51	0.51	0.51	0.51
Retained Earnings	180.48	179.57	185.8	184.33	185.89	190.96
Comprehensive Income & Other	-164.69	-164.85	-163.71	-163.39	-160.1	-160.57
Total Common Equity	30.39	29.07	36.44	35.29	40.14	44.74
Minority Interest	-	-	-	0.24	0.24	0.26
Shareholders' Equity	30.39	29.07	36.44	35.53	40.37	45.01
Total Liabilities & Equity	32.09	31.13	38.29	37.43	42.36	46.91
Total Debt	0.14	0.17	0.24	0.11	0.21	0.29
Net Cash (Debt)	19.95	14.21	13.92	13.83	14.81	12.96
Net Cash Growth	33.52%	2.07%	0.67%	-6.61%	14.23%	0.99%
Net Cash Per Share	0.08	0.06	0.06	0.06	0.06	0.05
Filing Date Shares Outstanding	251.13	244.13	244.13	244.13	244.13	244.13
Total Common Shares Outstanding	251.13	244.13	244.13	244.13	244.13	244.13
Working Capital	19.21	23.76	30.32	28.76	30.55	32.37
Book Value Per Share	0.12	0.12	0.15	0.14	0.16	0.18
Tangible Book Value	30.39	29.07	36.44	35.29	40.14	42.36
Tangible Book Value Per Share	0.12	0.12	0.15	0.14	0.16	0.17
Construction In Progress	-	0.68	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.