Blue Dolphin Energy Company (BDCO)

BDCO Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2.32	0.08	18.71	0.52	0.01	0.55
Short-Term Investments	-	0.19	0.11	0.11	0.11	0.12
Cash & Short-Term Investments	2.32	0.27	18.82	0.63	0.12	0.67
Cash Growth	155.95%	-98.59%	2887.78%	429.41%	-82.32%	192.61%
Accounts Receivable	9.21	5.96	4.3	1.15	0.13	0.21
Receivables	9.21	5.96	4.3	1.15	0.13	0.21
Inventory	33.9	35.66	24.74	22.03	4.47	3.31
Prepaid Expenses	2.04	1.87	1.43	1.28	1.07	1.32
Restricted Cash	1	1	-	-	0.05	0.05
Other Current Assets	0.91	-	-	-	-	-
Total Current Assets	49.38	44.76	49.29	25.09	5.82	5.56
Property, Plant & Equipment	51.24	52.89	55.12	57.59	60.26	63
Long-Term Deferred Tax Assets	4.14	2.99	1.44	-	-	-
Other Long-Term Assets	0.35	1.26	0.24	1.23	0.23	0.74
Total Assets	105.12	101.9	106.08	83.9	66.31	69.3
Accounts Payable	13.16	11.63	1.81	2.16	2.55	3.27
Accrued Expenses	2.22	3.02	4.34	11.21	12.78	9.86
Short-Term Debt	11.93	3.25	-	-	-	8.04
Current Portion of Long-Term Debt	35.09	37.38	39.44	47.37	63	49.7
Current Portion of Leases	0.29	0.26	0.15	0.16	0.22	0.19
Current Income Taxes Payable	0.06	0.02	0.95	0.31	-	0.06
Current Unearned Revenue	0.63	2.73	3.24	4.37	4.79	3.92
Other Current Liabilities	9.08	5.62	5.49	4.77	0.95	2.79
Total Current Liabilities	72.45	63.9	55.43	70.33	84.28	77.84
Long-Term Debt	3.86	4.84	9.05	2.32	0.84	0.36
Long-Term Leases	-	0.19	-	-	0.16	0.37
Long-Term Unearned Revenue	-	-	-	0.66	1.2	1.52
Other Long-Term Liabilities	-	-	-	-	3.46	-
Total Liabilities	76.31	68.93	64.48	73.32	89.94	80.09
Common Stock	0.15	0.15	0.15	0.15	0.13	0.13
Additional Paid-In Capital	39.76	39.76	39.76	39.76	38.46	38.46
Retained Earnings	-11.1	-6.94	1.69	-29.32	-62.21	-49.37
Shareholders' Equity	28.81	32.96	41.6	10.59	-23.63	-10.79
Total Liabilities & Equity	105.12	101.9	106.08	83.9	66.31	69.3
Total Debt	51.16	45.93	48.64	49.84	64.2	58.66
Net Cash (Debt)	-48.83	-45.66	-29.82	-49.21	-64.09	-57.99
Net Cash Per Share	-3.27	-3.06	-2.00	-3.50	-5.05	-4.61
Filing Date Shares Outstanding	14.92	14.92	14.92	14.92	12.69	12.69
Total Common Shares Outstanding	14.92	14.92	14.92	14.92	12.69	12.69
Working Capital	-23.07	-19.14	-6.14	-45.25	-78.46	-72.28
Book Value Per Share	1.93	2.21	2.79	0.71	-1.86	-0.85
Tangible Book Value	28.81	32.96	41.6	10.59	-23.63	-10.79
Tangible Book Value Per Share	1.93	2.21	2.79	0.71	-1.86	-0.85
Land	0.57	0.57	0.57	0.57	0.57	0.57
Machinery	72.78	72.78	72.68	72.68	72.58	72.18
Construction In Progress	4.04	3.72	3.77	3.67	3.67	4.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.