Aviation Links 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	9.42	15.98	6.82	14.33	2.72
Trading Asset Securities	11.84	6.68	12.11	3.5	4.65
Cash & Short-Term Investments	21.26	22.66	18.94	17.82	7.37
Cash Growth	-6.17%	19.68%	6.23%	141.71%	-38.59%
Accounts Receivable	22.43	15.63	5.14	20.22	10.51
Other Receivables	23.63	2.7	1.57	2.13	2.04
Receivables	46.06	18.33	6.7	22.35	12.55
Prepaid Expenses	-	4.79	1.91	4.24	1.32
Other Current Assets	-	6.72	5.53	8.65	7.47
Total Current Assets	67.32	52.5	33.08	53.06	28.72
Property, Plant & Equipment	22.68	2.11	2.69	3.12	3.43
Long-Term Investments	5.54	0.58	0.7	0.63	0.25
Goodwill	23.79	23.79	23.87	23.87	23.87
Other Intangible Assets	0.35	0.32	0.33	0.37	0.46
Long-Term Deferred Tax Assets	0.41	0.46	0.77	1.17	2.23
Other Long-Term Assets	1.05	0.91	0.47	0.51	0.5
Total Assets	121.13	80.67	61.91	82.72	59.45
Accounts Payable	20.26	13.14	7.06	12.19	7.04
Accrued Expenses	-	2.09	3.02	3.8	3.09
Short-Term Debt	3.35	-	-	-	6.34
Current Portion of Long-Term Debt	4.34	2.89	2.38	3.66	2.9
Current Portion of Leases	0.7	0.5	0.66	0.49	0.57
Current Unearned Revenue	-	5.12	1.54	3.83	0.79
Other Current Liabilities	40.44	16.2	10.35	21.4	6.74
Total Current Liabilities	69.09	39.94	25.01	45.36	27.47
Long-Term Debt	13.04	7.15	3.88	8.35	9.87
Long-Term Leases	1.43	0.05	0.5	1.13	1.57
Pension & Post-Retirement Benefits	0.09	0.08	0.08	0.05	-
Long-Term Deferred Tax Liabilities	2.33	0.06	0.07	0.08	0.1
Total Liabilities	85.98	47.27	29.54	54.96	39.01
Common Stock	2.68	2.68	2.68	2.68	2.68
Additional Paid-In Capital	5.85	5.85	5.85	5.85	5.85
Retained Earnings	11.37	12.06	9.47	7.01	0.78
Comprehensive Income & Other	7.79	-0.91	-0.95	-0.95	-0.93
Total Common Equity	27.7	19.68	17.05	14.59	8.38
Minority Interest	7.46	13.72	15.32	13.17	12.06
Shareholders' Equity	35.15	33.4	32.36	27.76	20.44
Total Liabilities & Equity	121.13	80.67	61.91	82.72	59.45
Total Debt	22.86	10.59	7.42	13.62	21.25
Net Cash (Debt)	-1.6	12.07	11.52	4.21	-13.88
Net Cash Growth	-	4.84%	173.60%	-	-
Net Cash Per Share	-0.21	1.58	1.50	0.55	-1.81
Filing Date Shares Outstanding	7.63	7.66	7.66	7.66	7.66
Total Common Shares Outstanding	7.63	7.66	7.66	7.66	7.66
Working Capital	-1.77	12.56	8.06	7.7	1.25
Book Value Per Share	3.63	2.57	2.23	1.90	1.09
Tangible Book Value	3.56	-4.43	-7.15	-9.65	-15.94
Tangible Book Value Per Share	0.47	-0.58	-0.93	-1.26	-2.08
Machinery	-	8.01	7.66	7.37	7.02

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