Aspen Group 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	2,996	2,749	4,766	4,415	3,751
Cash & Equivalents	165.92	142.37	286.02	388.83	276.36
Accounts Receivable	17.31	9.22	7.59	6.87	6.93
Other Receivables	18	7.98	26.46	17.08	12.06
Investment In Debt and Equity Securities	297.27	-	-	-	-
Loans Receivable Current	-	10.92	23.22	-	-
Restricted Cash	7.17	-	5.91	9.03	-
Other Current Assets	17.43	287.38	25.09	296.69	135.31
Trading Asset Securities	-	26.78	28.9	37.37	92.3
Deferred Long-Term Tax Assets	-	-	-	10.69	10.82
Other Long-Term Assets	166.48	290.85	106.15	170.86	86.67
Total Assets	3,685	3,525	5,275	5,352	4,371
Current Portion of Long-Term Debt	541.31	467.69	463.65	352.51	73.82
Current Portion of Leases	1.54	1.68	2.02	1.96	2.43
Long-Term Debt	1,802	1,805	2,724	2,666	2,315
Long-Term Leases	110.51	35.59	40.28	37.31	39.75
Accounts Payable	24.11	10.49	16.59	15.72	12.62
Accrued Expenses	-	21.55	31.19	30.45	28.36
Current Income Taxes Payable	42.66	32.68	51.25	58.08	43.59
Current Unearned Revenue	-	9.32	13.66	24.54	19.57
Other Current Liabilities	64.16	12	13.79	130.91	40.46
Long-Term Deferred Tax Liabilities	63.27	48.24	244.17	284.45	238.23
Other Long-Term Liabilities	8.06	18.1	31.18	30.79	14.88
Total Liabilities	2,677	2,586	3,718	3,733	2,984
Common Stock	0.68	0.68	0.66	0.66	0.66
Additional Paid-In Capital	321.78	308.39	293.72	293.5	291.12
Retained Earnings	374.21	366.02	461.87	543.6	531.52
Treasury Stock	-31.36	-31.17	-31.17	-14.92	-16.87
Comprehensive Income & Other	-56.39	-71.3	-3.78	-34.92	-83.86
Total Common Equity	608.92	572.62	721.31	787.94	722.57
Minority Interest	399.07	366.36	835.77	831.21	664.94
Shareholders' Equity	1,008	938.98	1,557	1,619	1,388
Total Liabilities & Equity	3,685	3,525	5,275	5,352	4,371
Total Debt	2,475	2,433	3,316	3,158	2,586
Net Cash (Debt)	-2,309	-2,264	-3,001	-2,732	-2,217
Net Cash Per Share	-36.58	-35.95	-48.39	-42.48	-34.91
Filing Date Shares Outstanding	63.12	63.15	61.45	62.37	63.35
Total Common Shares Outstanding	63.12	63.15	61.45	63.53	62.85
Book Value Per Share	9.65	9.07	11.74	12.40	11.50
Tangible Book Value	608.92	572.62	721.31	787.94	722.57
Tangible Book Value Per Share	9.65	9.07	11.74	12.40	11.50
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

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