TLV:ARIN Balance Sheet

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

Millions ILS. 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
Property, Plant & Equipment	2.55	2.2	2.41	2.73	2.2
Cash & Equivalents	216.82	127.23	29.17	88.32	125.74
Accounts Receivable	7.16	7.5	20.46	6.44	22.96
Other Receivables	29.83	12.22	13.97	41.76	22.82
Investment In Debt and Equity Securities	4.57	-	-	-	-
Other Current Assets	44.4	5.71	3.91	4.37	13.97
Other Long-Term Assets	2,877	2,282	1,710	1,607	1,058
Total Assets	3,182	2,437	1,780	1,751	1,246
Current Portion of Long-Term Debt	546.65	371.94	107.83	96.38	110.75
Current Portion of Leases	-	-	-	-	0.08
Long-Term Debt	992.1	868.74	674.28	671.44	485.87
Long-Term Leases	-	-	-	-	0.14
Accounts Payable	8.25	8.74	1.2	4.29	6.35
Accrued Expenses	28.58	16.4	9.91	11.87	13.32
Current Income Taxes Payable	2.78	1.14	7.66	16.31	4.14
Other Current Liabilities	137.31	19.84	8.51	7.91	43.88
Long-Term Deferred Tax Liabilities	205.76	180.98	137.17	131.22	123.31
Other Long-Term Liabilities	83.54	52.02	39.83	45.69	7.3
Total Liabilities	2,005	1,520	986.39	985.1	795.14
Common Stock	91.47	53.96	49.72	49.72	39.33
Additional Paid-In Capital	1,518	1,434	1,427	1,419	1,098
Retained Earnings	-458.15	-594.06	-700.36	-734.25	-723.4
Treasury Stock	-	-	-9.1	-	-
Comprehensive Income & Other	47.41	49.13	52.44	55.96	61.25
Total Common Equity	1,199	942.87	819.68	790.56	475.3
Minority Interest	-22.25	-25.92	-25.88	-24.92	-24.47
Shareholders' Equity	1,177	916.95	793.79	765.64	450.83
Total Liabilities & Equity	3,182	2,437	1,780	1,751	1,246
Total Debt	1,539	1,241	782.11	767.82	596.84
Net Cash (Debt)	-1,322	-1,113	-752.95	-679.5	-471.1
Net Cash Per Share	-4.05	-3.48	-2.38	-2.77	-3.27
Filing Date Shares Outstanding	359.46	322.35	318.11	318.11	214.26
Total Common Shares Outstanding	359.46	322.35	318.11	318.11	214.26
Book Value Per Share	3.34	2.92	2.58	2.49	2.22
Tangible Book Value	1,199	942.87	819.68	790.56	475.3
Tangible Book Value Per Share	3.34	2.92	2.58	2.49	2.22

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.