Mears Group plc (LON:MER)

Mears Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	81.14	91.4	138.76	98.14	54.63	96.22
Short-Term Investments	-	-	7.09	1.96	-	-
Cash & Short-Term Investments	81.14	91.4	145.85	100.1	54.63	96.22
Cash Growth	-24.36%	-37.33%	45.70%	83.23%	-43.22%	31.97%
Accounts Receivable	149.8	105.28	102.93	106.28	126.25	128.43
Other Receivables	0.5	4.04	4.06	7.97	7.16	3.39
Receivables	150.31	109.32	106.99	114.25	133.41	131.82
Inventory	1.45	1.17	1.46	6.88	22.87	31.26
Prepaid Expenses	-	24.47	18.93	13.26	9.28	6.52
Other Current Assets	-	0.15	0.77	1.28	7.77	1.91
Total Current Assets	232.9	226.51	274	235.77	227.96	267.72
Property, Plant & Equipment	335.38	311.01	272.18	233.62	225.66	223.64
Long-Term Investments	3.38	2.27	0.62	1.27	0.71	0.97
Goodwill	121.87	121.87	121.87	121.87	118.87	118.87
Other Intangible Assets	5.87	2.57	3.1	3.13	2.65	10.3
Long-Term Deferred Tax Assets	-	-	-	-	-	3.32
Long-Term Deferred Charges	-	3.67	3.95	4.32	3.96	4.9
Other Long-Term Assets	24.5	23.25	19.84	26.81	50.63	43.2
Total Assets	734.31	701.35	700.01	630.87	633.92	676.09
Accounts Payable	226.73	51.72	58.65	55.85	69.56	114.71
Accrued Expenses	-	76.09	72.24	86.62	81.07	77.78
Short-Term Debt	-	-	36.7	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	0.46
Current Portion of Leases	67.13	66.86	54.49	44.38	41.6	42.89
Current Income Taxes Payable	-	-	0.11	-	-	-
Current Unearned Revenue	-	61.98	50.61	23.67	27.84	25.33
Other Current Liabilities	6.73	13.31	13.95	13.65	10.06	3.55
Total Current Liabilities	300.59	269.96	286.74	224.17	230.12	264.72
Long-Term Debt	-	-	-	-	-	39.82
Long-Term Leases	232.84	230.64	199.95	181.05	175.29	166.18
Long-Term Deferred Tax Liabilities	3.66	3.52	2.91	4.9	6.68	-
Other Long-Term Liabilities	9.53	9.77	9.79	3.79	3.8	3.67
Total Liabilities	546.62	513.88	499.55	417.04	432.88	520.04
Common Stock	0.87	0.91	1.02	1.11	1.11	1.11
Additional Paid-In Capital	2.64	2.58	2.33	82.35	82.27	82.23
Retained Earnings	183.27	184.03	189.43	119.1	107.58	63.54
Treasury Stock	-13.9	-14.99	-5.12	-	-	-
Comprehensive Income & Other	11.58	11.58	9.85	9.77	9.28	8.52
Total Common Equity	184.46	184.11	197.51	212.33	200.24	155.39
Minority Interest	3.23	3.36	2.95	1.49	0.8	0.66
Shareholders' Equity	187.69	187.47	200.46	213.83	201.04	156.05
Total Liabilities & Equity	734.31	701.35	700.01	630.87	633.92	676.09
Total Debt	299.97	297.5	291.14	225.42	216.89	249.35
Net Cash (Debt)	-218.83	-206.1	-145.29	-125.32	-162.26	-153.13
Net Cash Per Share	-2.46	-2.16	-1.32	-1.10	-1.44	-1.38
Filing Date Shares Outstanding	83	90.76	99.66	111	110.93	110.88
Total Common Shares Outstanding	83	90.76	99.66	111	110.93	110.88
Working Capital	-67.69	-43.44	-12.75	11.6	-2.16	3
Book Value Per Share	2.22	2.03	1.98	1.91	1.81	1.40
Tangible Book Value	56.72	59.67	72.54	87.33	78.71	26.22
Tangible Book Value Per Share	0.68	0.66	0.73	0.79	0.71	0.24
Machinery	-	10.2	16.14	15.79	31.9	38.68
Construction In Progress	-	-	-	-	-	5.84
Leasehold Improvements	-	10.99	26.74	28.9	24.4	19.17
Order Backlog	-	3,000	2,500	2,900	2,400	2,600

Updated Aug 8, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.