SED Energy Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Cash & Equivalents	34.15	21.04	18.36
Cash & Short-Term Investments	34.15	21.04	18.36
Cash Growth	86.02%	14.59%	-
Receivables	39.49	30.42	17.56
Inventory	28.64	25.81	23.38
Prepaid Expenses	-	6.12	6.99
Restricted Cash	11.53	14.21	13.51
Other Current Assets	4.53	18.12	11.06
Total Current Assets	118.34	115.71	90.86
Property, Plant & Equipment	329.19	337.86	308.49
Goodwill	14.56	14.56	-
Total Assets	462.1	468.13	399.35
Accounts Payable	4.56	5.54	14.24
Accrued Expenses	30.65	35.53	29.87
Current Portion of Long-Term Debt	8.86	20.96	38.6
Current Portion of Leases	10.91	10.77	1.05
Current Income Taxes Payable	5.28	1.39	0.2
Current Unearned Revenue	9.73	10.58	5.98
Total Current Liabilities	69.98	84.76	89.94
Long-Term Debt	54.53	44.97	24.4
Long-Term Leases	1.89	4.62	0.19
Long-Term Unearned Revenue	2.77	4.6	7.06
Pension & Post-Retirement Benefits	2.41	2.07	1.6
Total Liabilities	131.58	141.03	123.18
Additional Paid-In Capital	292.88	310.66	304.4
Retained Earnings	30.43	7.67	-28.84
Comprehensive Income & Other	7.22	8.78	0.61
Shareholders' Equity	330.52	327.11	276.16
Total Liabilities & Equity	462.1	468.13	399.35
Total Debt	76.18	81.32	64.24
Net Cash (Debt)	-42.03	-60.28	-45.88
Net Cash Per Share	-0.06	-0.08	-0.07
Filing Date Shares Outstanding	731.25	725.98	645.06
Total Common Shares Outstanding	731.25	725.98	645.06
Working Capital	48.36	30.95	0.92
Book Value Per Share	0.45	0.45	0.43
Tangible Book Value	315.96	312.55	276.16
Tangible Book Value Per Share	0.43	0.43	0.43
Machinery	515.73	505.56	430.15
Order Backlog	-	446	-