LON:PINE 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 2024	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	34.1	9.3	47.4	171.9	200.1
Cash & Short-Term Investments	34.1	9.3	47.4	171.9	200.1
Cash Growth	266.67%	-80.38%	-72.43%	-14.09%	257.32%
Accounts Receivable	11.1	8.6	3.1	61	47.5
Other Receivables	-	12.8	419	50.9	56.6
Receivables	11.1	21.4	422.1	111.9	104.1
Inventory	-	-	-	620.3	512.8
Prepaid Expenses	-	-	-	9.5	3.8
Other Current Assets	-	-	-	6.1	10.4
Total Current Assets	45.2	30.7	469.5	919.7	831.2
Property, Plant & Equipment	2.3	1.7	1.1	515.9	499.5
Long-Term Investments	-	12.8	-	-	-
Goodwill	51.5	0.3	0.3	144.6	150.3
Other Intangible Assets	161.7	16.3	13.8	0.2	0.4
Long-Term Accounts Receivable	6.3	-	-	14.8	15.5
Long-Term Deferred Tax Assets	-	-	-	11.6	22.1
Long-Term Deferred Charges	-	-	-	12.2	10.7
Total Assets	267	61.8	484.7	1,619	1,530
Accounts Payable	10.7	2.1	0.5	812	56.4
Accrued Expenses	-	8.9	22.5	-	117.5
Short-Term Debt	-	-	93	102.5	583.1
Current Portion of Long-Term Debt	-	-	-	1.7	-
Current Portion of Leases	0.7	0.7	0.4	20	26.7
Current Income Taxes Payable	0.2	0.1	-	-	24.7
Current Unearned Revenue	7.5	7.6	6.5	38.2	63.4
Other Current Liabilities	-	-	-	-	47.3
Total Current Liabilities	19.1	19.4	122.9	974.4	919.1
Long-Term Debt	0.2	0.2	0.2	91	87.3
Long-Term Leases	0.6	0.7	0.6	197.9	195.4
Long-Term Unearned Revenue	-	-	-	36.4	36.8
Pension & Post-Retirement Benefits	-	-	-	2.6	23.6
Long-Term Deferred Tax Liabilities	35	2.5	0.6	-	-
Other Long-Term Liabilities	7.9	-	-	35.7	41.9
Total Liabilities	62.8	22.8	124.3	1,338	1,304
Common Stock	115.1	87.1	73.2	69.9	69.9
Additional Paid-In Capital	95.7	72.9	56.8	56.8	56.8
Retained Earnings	-73	-127.1	224.4	135.6	80.7
Comprehensive Income & Other	66.4	6.1	6	18.7	18.2
Shareholders' Equity	204.2	39	360.4	281	225.6
Total Liabilities & Equity	267	61.8	484.7	1,619	1,530
Total Debt	1.5	1.6	94.2	413.1	892.5
Net Cash (Debt)	32.6	7.7	-46.8	-241.2	-692.4
Net Cash Growth	323.38%	-	-	-	-
Net Cash Per Share	0.31	0.07	-0.32	-3.34	-9.78
Filing Date Shares Outstanding	112.8	87.11	72.53	69.77	69.55
Total Common Shares Outstanding	112.8	87.11	72.53	69.77	69.55
Working Capital	26.1	11.3	346.6	-54.7	-87.9
Book Value Per Share	1.81	0.45	4.97	4.03	3.24
Tangible Book Value	-9	22.4	346.3	136.2	74.9
Tangible Book Value Per Share	-0.08	0.26	4.77	1.95	1.08
Land	-	1.7	1.7	692.3	674.6
Machinery	-	1.5	2.1	87.5	89.1
Construction In Progress	-	-	-	-	8.7

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