Phoenix Motor Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.28	0.76	0.03	0.14	2.68	15.7
Cash & Short-Term Investments	0.28	0.76	0.03	0.14	2.68	15.7
Cash Growth	-1.07%	2364.52%	-77.70%	-94.82%	-82.91%	54034.48%
Accounts Receivable	8.32	4.18	0.67	1.68	1.2	1.16
Other Receivables	-	4.77	-	-	-	-
Receivables	8.32	8.95	0.67	1.68	1.2	1.16
Inventory	38.36	40.76	1.8	4.56	2.23	1.55
Prepaid Expenses	0.11	0.16	0.1	1.18	0.19	0.53
Restricted Cash	-	-	3.25	-	-	-
Other Current Assets	1.25	1.37	0.17	0.16	0.34	0.32
Total Current Assets	48.32	52.01	6.02	7.72	6.64	19.25
Property, Plant & Equipment	3.42	5.51	1.12	6.29	2.21	2.77
Goodwill	-	-	4.27	4.27	4.27	4.27
Other Intangible Assets	-	-	-	1.7	2.32	2.94
Long-Term Accounts Receivable	0.03	0.06	0.23	-	-	-
Other Long-Term Assets	-	-	-	0.46	-	-
Total Assets	51.76	57.58	11.64	20.44	15.44	29.23
Accounts Payable	4.74	4.27	3.53	1.36	1.79	1.36
Accrued Expenses	7.79	6.69	0.93	0.65	0.78	0.45
Short-Term Debt	0.54	1.04	1.82	-	-	-
Current Portion of Long-Term Debt	4.45	0.49	1.33	0	0.01	0.02
Current Portion of Leases	1.39	1.85	1.3	0.72	-	-
Current Unearned Revenue	10.4	6.21	0.53	1.73	1.52	1.9
Other Current Liabilities	2.95	5.69	1.45	0.33	0.36	0.53
Total Current Liabilities	32.25	26.22	10.88	4.79	4.45	4.25
Long-Term Debt	0.14	0.14	0.68	0.15	0.76	0.18
Long-Term Leases	0.27	1.24	2.7	3.23	-	-
Long-Term Unearned Revenue	-	2.04	2.21	-	-	-
Long-Term Deferred Tax Liabilities	7.72	7.72	-	-	-	-
Other Long-Term Liabilities	6.06	9.91	-	-	-	-
Total Liabilities	46.43	47.26	16.48	8.16	5.21	4.44
Common Stock	0.02	0.02	0.01	0.01	0.01	0.01
Additional Paid-In Capital	55	51.58	44.36	40.84	26.09	26.03
Retained Earnings	-49.69	-41.28	-49.21	-28.56	-15.86	-1.24
Comprehensive Income & Other	-	-	-	-	-0.01	-0.01
Shareholders' Equity	5.33	10.32	-4.84	12.28	10.23	24.79
Total Liabilities & Equity	51.76	57.58	11.64	20.44	15.44	29.23
Total Debt	6.78	4.75	7.83	4.09	0.77	0.21
Net Cash (Debt)	-6.51	-3.98	-7.8	-3.96	1.92	15.49
Net Cash Growth	-	-	-	-	-87.63%	774600.00%
Net Cash Per Share	-0.68	-0.54	-1.84	-1.01	0.55	4.43
Filing Date Shares Outstanding	12.87	9.86	6.94	4.24	3.5	3.5
Total Common Shares Outstanding	12.55	8.53	4.38	4.06	3.5	3.5
Working Capital	16.06	25.79	-4.87	2.93	2.19	15
Book Value Per Share	0.42	1.21	-1.10	3.03	2.92	7.08
Tangible Book Value	5.33	10.32	-9.11	6.31	3.63	17.58
Tangible Book Value Per Share	0.42	1.21	-2.08	1.56	1.04	5.02
Machinery	-	7.08	3.4	5.01	4.77	6.56
Construction In Progress	-	-	0.33	0.43	0.3	0.25
Leasehold Improvements	-	0.4	0.08	0.08	0.08	0.39
Order Backlog	-	16.7	-	-	-	-

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