First Ship Lease Trust Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	20.83	14.79	32.17	30.12	3.67
Cash & Short-Term Investments	20.83	14.79	32.17	30.12	3.67
Cash Growth	40.88%	-54.04%	6.83%	721.27%	-82.28%
Accounts Receivable	-	0.15	0.34	0.08	1.27
Other Receivables	0.56	0.55	0.54	0.68	1.17
Receivables	0.56	0.69	0.89	0.76	2.45
Prepaid Expenses	0.05	0.06	0.08	0.08	0.09
Other Current Assets	0	0.42	0.6	0.61	11.3
Total Current Assets	21.45	15.97	33.74	31.55	17.5
Other Long-Term Assets	22.49	26.69	32	33.91	66.17
Total Assets	43.94	42.66	65.73	65.47	83.67
Accounts Payable	-	-	0.17	0.36	0.21
Accrued Expenses	0.43	0.42	0.48	0.45	0.18
Current Portion of Long-Term Debt	-	2.48	3.45	3.4	3.36
Current Income Taxes Payable	0.06	0.05	0.16	0.01	0
Other Current Liabilities	0.05	0.53	0	-	0.26
Total Current Liabilities	0.53	3.46	4.26	4.22	4.01
Long-Term Debt	-	2.65	6.66	10.11	13.51
Total Liabilities	0.53	6.11	10.92	14.33	17.51
Common Stock	561.33	561.33	561.33	561.33	561.33
Retained Earnings	-511.2	-518.06	-499.8	-503.47	-488.45
Comprehensive Income & Other	-6.73	-6.73	-6.73	-6.73	-6.73
Shareholders' Equity	43.41	36.55	54.81	51.14	66.16
Total Liabilities & Equity	43.94	42.66	65.73	65.47	83.67
Total Debt	-	5.12	10.11	13.51	16.87
Net Cash (Debt)	20.83	9.67	22.06	16.61	-13.2
Net Cash Growth	115.49%	-56.18%	32.88%	-	-
Net Cash Per Share	0.01	0.01	0.01	0.01	-0.01
Filing Date Shares Outstanding	1,768	1,768	1,768	1,768	1,768
Total Common Shares Outstanding	1,768	1,768	1,768	1,768	1,768
Working Capital	20.92	12.5	29.48	27.34	13.5
Book Value Per Share	0.02	0.02	0.03	0.03	0.04
Tangible Book Value	43.41	36.55	54.81	51.14	66.16
Tangible Book Value Per Share	0.02	0.02	0.03	0.03	0.04
Order Backlog	17.1	-	-	-	-