AFC Energy Balance Sheet

Financials in millions GBP. Fiscal year is November - October.

Millions GBP. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Cash & Equivalents	14.32	15.37	27.37	40.22	55.38
Short-Term Investments	11	-	-	-	-
Cash & Short-Term Investments	25.32	15.37	27.37	40.22	55.38
Cash Growth	64.67%	-43.82%	-31.96%	-27.37%	76.91%
Accounts Receivable	-2.55	0.25	0.11	0.14	0.3
Other Receivables	6.69	5.95	2.69	4.78	1.96
Receivables	4.14	6.2	2.8	4.92	2.26
Inventory	-	1.95	0.18	0.04	0.66
Prepaid Expenses	0.94	2.05	0.52	0.31	0.33
Restricted Cash	-	0.43	0.26	0.61	0.61
Other Current Assets	-	-	-	-	-0
Total Current Assets	30.4	26.01	31.12	46.11	59.24
Property, Plant & Equipment	2.68	4.96	4.85	4.26	3.15
Long-Term Investments	0.63	0.63	-	-	-
Other Intangible Assets	0.15	0.22	0.26	0.31	0.59
Long-Term Deferred Charges	8.59	4.4	-	-	0.16
Other Long-Term Assets	-	0.35	-	-	-
Total Assets	42.45	36.57	36.24	50.68	63.14
Accounts Payable	0.65	1.83	0.93	0.45	0.35
Accrued Expenses	0.96	0.86	0.96	1.25	0.99
Current Portion of Leases	0.14	0.51	0.48	0.3	0.32
Current Unearned Revenue	3.6	1.8	1.42	1.6	0.21
Other Current Liabilities	0.59	0.69	0.42	0.35	0.14
Total Current Liabilities	5.93	5.68	4.21	3.94	2.02
Long-Term Leases	0.02	0.16	0.65	0.7	0.58
Other Long-Term Liabilities	0.1	0.47	0.3	0.3	0.65
Total Liabilities	6.05	6.3	5.15	4.94	3.26
Common Stock	1.13	0.85	0.75	0.74	0.73
Additional Paid-In Capital	159.05	133.56	118.52	116.49	116.45
Retained Earnings	-130.84	-108.77	-91.96	-75.56	-59.75
Comprehensive Income & Other	7.05	4.63	3.78	4.07	2.46
Shareholders' Equity	36.4	30.27	31.09	45.74	59.89
Total Liabilities & Equity	42.45	36.57	36.24	50.68	63.14
Total Debt	0.16	0.66	1.12	1	0.91
Net Cash (Debt)	25.16	14.71	26.24	39.22	54.47
Net Cash Growth	71.02%	-43.95%	-33.10%	-27.99%	75.47%
Net Cash Per Share	0.03	0.02	0.04	0.05	0.08
Filing Date Shares Outstanding	1,132	854.36	746.52	735.35	734.48
Total Common Shares Outstanding	1,132	854.36	746.52	735.35	734.48
Working Capital	24.47	20.33	26.92	42.17	57.23
Book Value Per Share	0.03	0.04	0.04	0.06	0.08
Tangible Book Value	36.24	30.05	30.82	45.43	59.3
Tangible Book Value Per Share	0.03	0.04	0.04	0.06	0.08
Machinery	4.54	3.38	3.87	3.56	2.18
Construction In Progress	0.1	0.67	0.69	0.41	-
Leasehold Improvements	4.2	4.02	3.55	2.57	0.96

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