Mears Group Balance Sheet

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

Millions GBP. 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	48.48	91.4	138.76	98.14	54.63
Short-Term Investments	-	-	7.09	1.96	-
Cash & Short-Term Investments	48.48	91.4	145.85	100.1	54.63
Cash Growth	-46.96%	-37.33%	45.70%	83.23%	-43.22%
Accounts Receivable	122.61	105.28	102.93	106.28	126.25
Other Receivables	6.5	4.04	4.06	7.97	7.16
Receivables	129.12	109.32	106.99	114.25	133.41
Inventory	0.82	1.17	1.46	6.88	22.87
Prepaid Expenses	26.1	24.47	18.93	13.26	9.28
Other Current Assets	18.38	0.15	0.77	1.28	7.77
Total Current Assets	222.9	226.51	274	235.77	227.96
Property, Plant & Equipment	341.23	311.01	272.18	233.62	225.66
Long-Term Investments	3.79	2.27	0.62	1.27	0.71
Goodwill	118.21	121.87	121.87	121.87	118.87
Other Intangible Assets	6.05	2.57	3.1	3.13	2.65
Long-Term Deferred Charges	3.65	3.67	3.95	4.32	3.96
Other Long-Term Assets	24.1	23.25	19.84	26.81	50.63
Total Assets	740.11	701.35	700.01	630.87	633.92
Accounts Payable	58.69	51.72	58.65	55.85	69.56
Accrued Expenses	78.11	76.09	72.24	86.62	81.07
Short-Term Debt	-	-	36.7	-	-
Current Portion of Leases	80.65	66.86	54.49	44.38	41.6
Current Income Taxes Payable	-	-	0.11	-	-
Current Unearned Revenue	22.21	20.84	50.61	23.67	27.84
Other Current Liabilities	41.21	54.45	13.95	13.65	10.06
Total Current Liabilities	280.87	269.96	286.74	224.17	230.12
Long-Term Leases	238.07	230.64	199.95	181.05	175.29
Pension & Post-Retirement Benefits	-	-	0.17	3.14	17
Long-Term Deferred Tax Liabilities	5.61	3.52	2.91	4.9	6.68
Other Long-Term Liabilities	10.74	9.77	9.79	3.79	3.8
Total Liabilities	535.29	513.88	499.55	417.04	432.88
Common Stock	3.51	3.49	1.02	1.11	1.11
Additional Paid-In Capital	-	-	2.33	82.35	82.27
Retained Earnings	199.25	183.8	189.43	119.1	107.58
Treasury Stock	-13.9	-14.99	-5.12	-	-
Comprehensive Income & Other	12.88	11.81	9.85	9.77	9.28
Total Common Equity	201.75	184.11	197.51	212.33	200.24
Minority Interest	3.08	3.36	2.95	1.49	0.8
Shareholders' Equity	204.82	187.47	200.46	213.83	201.04
Total Liabilities & Equity	740.11	701.35	700.01	630.87	633.92
Total Debt	318.72	297.5	291.14	225.42	216.89
Net Cash (Debt)	-270.24	-206.1	-145.29	-125.32	-162.26
Net Cash Per Share	-3.15	-2.16	-1.32	-1.10	-1.44
Filing Date Shares Outstanding	86.47	90.76	99.66	111	110.93
Total Common Shares Outstanding	86.47	90.76	99.66	111	110.93
Working Capital	-57.97	-43.44	-12.75	11.6	-2.16
Book Value Per Share	2.33	2.03	1.98	1.91	1.81
Tangible Book Value	77.49	59.67	72.54	87.33	78.71
Tangible Book Value Per Share	0.90	0.66	0.73	0.79	0.71
Machinery	9.2	10.2	16.14	15.79	31.9
Leasehold Improvements	6.71	10.99	26.74	28.9	24.4
Order Backlog	-	-	2,500	2,900	2,400

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.