Serial System 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	37.47	38.31	37.08	35.98	50.96
Short-Term Investments	0.61	0.62	1.35	3.1	2.54
Trading Asset Securities	5.03	9.68	7.66	9.81	10.72
Cash & Short-Term Investments	43.11	48.61	46.08	48.88	64.22
Cash Growth	-11.31%	5.47%	-5.73%	-23.88%	-22.94%
Accounts Receivable	182.75	162.46	153.12	169.9	159.14
Other Receivables	17.03	11.55	6.94	8.45	7.14
Receivables	199.78	174.01	160.06	178.35	169.65
Inventory	130.15	122.26	126.59	162.97	133.69
Prepaid Expenses	1.92	0.77	2.06	1.79	1.69
Other Current Assets	4.1	4.01	6.87	6.32	4.38
Total Current Assets	379.06	349.65	341.66	398.32	373.62
Property, Plant & Equipment	24.42	27.09	29.07	30.42	33.98
Long-Term Investments	24.94	23.13	15.15	15.8	16.22
Goodwill	3.06	3.12	3.16	3.14	3.13
Other Intangible Assets	0.33	0.3	0.42	0.38	0.35
Long-Term Accounts Receivable	11.93	-	-	-	-
Long-Term Deferred Tax Assets	1.87	1.52	1.71	0.87	1
Other Long-Term Assets	10.69	7.32	8.32	8.6	9.51
Total Assets	456.3	412.13	399.48	457.52	437.8
Accounts Payable	79.07	84.16	45.68	70.75	66.06
Short-Term Debt	137.6	122.69	140.34	148.98	125.38
Current Portion of Long-Term Debt	38.87	46.33	41.87	47.4	41.53
Current Portion of Leases	7.24	0.91	1.09	1.55	1.53
Current Income Taxes Payable	1.16	0.59	1.03	1.39	1.38
Current Unearned Revenue	5.5	3.61	8.18	9.83	5.9
Other Current Liabilities	23.23	15.65	15.97	20.29	16.42
Total Current Liabilities	292.68	273.95	254.16	300.19	258.2
Long-Term Debt	9.88	1.85	10.94	6.4	14.76
Long-Term Leases	12.43	1.18	1.05	0.87	2.02
Pension & Post-Retirement Benefits	0.37	0.21	0.3	0.2	0.4
Long-Term Deferred Tax Liabilities	1.67	1.55	1.2	1.23	1.03
Total Liabilities	317.03	278.74	267.65	308.89	276.4
Common Stock	72.65	72.65	72.65	72.65	72.65
Retained Earnings	52.37	50.08	49.56	64.39	72
Treasury Stock	-0.07	-0.07	-0.07	-0.07	-0.07
Comprehensive Income & Other	7.97	4.64	2.6	2.01	6.2
Total Common Equity	132.92	127.3	124.74	138.98	150.77
Minority Interest	6.35	6.09	7.1	9.65	10.62
Shareholders' Equity	139.27	133.39	131.83	148.63	161.4
Total Liabilities & Equity	456.3	412.13	399.48	457.52	437.8
Total Debt	206.02	172.97	195.29	205.19	185.21
Net Cash (Debt)	-162.91	-124.36	-149.21	-156.31	-121
Net Cash Per Share	-0.18	-0.14	-0.16	-0.17	-0.13
Filing Date Shares Outstanding	904.84	904.84	904.84	904.84	904.84
Total Common Shares Outstanding	904.84	904.84	904.84	904.84	904.84
Working Capital	86.38	75.7	87.5	98.12	115.42
Book Value Per Share	0.15	0.14	0.14	0.15	0.17
Tangible Book Value	129.53	123.88	121.15	135.46	147.3
Tangible Book Value Per Share	0.14	0.14	0.13	0.15	0.16
Land	3.15	3.03	3.28	3.28	3.29
Buildings	30.69	32.39	36.25	35.64	45.78
Machinery	10.61	10.18	10.1	10.01	9.86

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