Aspen Group Balance Sheet

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

Millions ILS. 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
Property, Plant & Equipment	3,008	2,749	4,766	4,415	3,751	2,285
Cash & Equivalents	471.85	142.37	286.02	388.83	276.36	345.85
Accounts Receivable	11.8	9.22	7.59	6.87	6.93	4.95
Other Receivables	35.2	7.98	26.46	17.08	12.06	8.43
Investment In Debt and Equity Securities	212.22	-	-	-	-	-
Loans Receivable Current	-	10.92	23.22	-	-	-
Restricted Cash	-	-	5.91	9.03	-	-
Other Current Assets	13.43	287.38	25.09	296.69	135.31	50.99
Trading Asset Securities	-	26.78	28.9	37.37	92.3	14.51
Deferred Long-Term Tax Assets	-	-	-	10.69	10.82	10.85
Other Long-Term Assets	134.07	290.85	106.15	170.86	86.67	103.55
Total Assets	3,887	3,525	5,275	5,352	4,371	2,824
Current Portion of Long-Term Debt	356.86	467.69	463.65	352.51	73.82	292.8
Current Portion of Leases	-	1.68	2.02	1.96	2.43	2.43
Long-Term Debt	2,131	1,805	2,724	2,666	2,315	1,353
Long-Term Leases	110.65	35.59	40.28	37.31	39.75	44.23
Accounts Payable	15.45	10.49	16.59	15.72	12.62	5.64
Accrued Expenses	-	21.55	31.19	30.45	28.36	27.87
Current Income Taxes Payable	41.45	32.68	51.25	58.08	43.59	59.98
Current Unearned Revenue	-	9.32	13.66	24.54	19.57	8.87
Other Current Liabilities	66.94	12	13.79	130.91	40.46	34.47
Long-Term Deferred Tax Liabilities	63.57	48.24	244.17	284.45	238.23	64.32
Other Long-Term Liabilities	8.82	18.1	31.18	30.79	14.88	6.23
Total Liabilities	2,904	2,586	3,718	3,733	2,984	1,966
Common Stock	0.68	0.68	0.66	0.66	0.66	0.63
Additional Paid-In Capital	317.43	308.39	293.72	293.5	291.12	271.6
Retained Earnings	321.83	366.02	461.87	543.6	531.52	457.06
Treasury Stock	-31.36	-31.17	-31.17	-14.92	-16.87	-14.83
Comprehensive Income & Other	-35.33	-71.3	-3.78	-34.92	-83.86	-44.42
Total Common Equity	573.24	572.62	721.31	787.94	722.57	670.04
Minority Interest	409.82	366.36	835.77	831.21	664.94	187.85
Shareholders' Equity	983.07	938.98	1,557	1,619	1,388	857.89
Total Liabilities & Equity	3,887	3,525	5,275	5,352	4,371	2,824
Total Debt	2,707	2,433	3,316	3,158	2,586	1,759
Net Cash (Debt)	-2,236	-2,264	-3,001	-2,732	-2,217	-1,399
Net Cash Per Share	-35.41	-35.95	-48.39	-42.48	-34.91	-23.32
Filing Date Shares Outstanding	63.12	63.15	61.45	62.37	63.35	63.11
Total Common Shares Outstanding	63.12	63.15	61.45	63.53	62.85	63.11
Book Value Per Share	9.08	9.07	11.74	12.40	11.50	10.62
Tangible Book Value	573.24	572.62	721.31	787.94	722.57	670.04
Tangible Book Value Per Share	9.08	9.07	11.74	12.40	11.50	10.62
Land	-	-	19.05	19.25	18.05	-
Buildings	-	-	19.97	19.92	10.17	-
Construction In Progress	-	327.6	1,855	1,540	1,076	-

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