Aviation Links Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	8.84	9.42	15.98	6.82	14.33	2.72
Trading Asset Securities	12.01	11.84	6.68	12.11	3.5	4.65
Cash & Short-Term Investments	20.85	21.26	22.66	18.94	17.82	7.37
Cash Growth	0.71%	-6.17%	19.68%	6.23%	141.71%	-38.59%
Accounts Receivable	9.46	22.43	15.63	5.14	20.22	10.51
Other Receivables	22.63	3.32	2.7	1.57	2.13	2.04
Receivables	32.09	25.75	18.33	6.7	22.35	12.55
Prepaid Expenses	-	7.83	4.79	1.91	4.24	1.32
Other Current Assets	-	12.48	6.72	5.53	8.65	7.47
Total Current Assets	52.93	67.32	52.5	33.08	53.06	28.72
Property, Plant & Equipment	22.01	22.68	2.11	2.69	3.12	3.43
Long-Term Investments	2.25	2.32	0.58	0.7	0.63	0.25
Goodwill	23.79	23.79	23.79	23.87	23.87	23.87
Other Intangible Assets	0.42	0.35	0.32	0.33	0.37	0.46
Long-Term Deferred Tax Assets	0.91	0.41	0.46	0.77	1.17	2.23
Other Long-Term Assets	4.21	4.27	0.91	0.47	0.51	0.5
Total Assets	106.51	121.13	80.67	61.91	82.72	59.45
Accounts Payable	9.09	20.26	13.14	7.06	12.19	7.04
Accrued Expenses	-	3.46	2.09	3.02	3.8	3.09
Short-Term Debt	4.12	3.35	-	-	-	6.34
Current Portion of Long-Term Debt	4.07	4.34	2.89	2.38	3.66	2.9
Current Portion of Leases	0.56	0.7	0.5	0.66	0.49	0.57
Current Unearned Revenue	-	5.91	5.12	1.54	3.83	0.79
Other Current Liabilities	39.76	31.07	16.2	10.35	21.4	6.74
Total Current Liabilities	57.6	69.09	39.94	25.01	45.36	27.47
Long-Term Debt	11.66	13.04	7.15	3.88	8.35	9.87
Long-Term Leases	1.36	1.43	0.05	0.5	1.13	1.57
Pension & Post-Retirement Benefits	0.09	0.09	0.08	0.08	0.05	-
Long-Term Deferred Tax Liabilities	2.27	2.33	0.06	0.07	0.08	0.1
Total Liabilities	72.97	85.98	47.27	29.54	54.96	39.01
Common Stock	2.68	2.68	2.68	2.68	2.68	2.68
Additional Paid-In Capital	5.85	13.64	5.85	5.85	5.85	5.85
Retained Earnings	10.41	11.37	12.06	9.47	7.01	0.78
Comprehensive Income & Other	7.47	0	-0.91	-0.95	-0.95	-0.93
Total Common Equity	26.41	27.7	19.68	17.05	14.59	8.38
Minority Interest	7.13	7.46	13.72	15.32	13.17	12.06
Shareholders' Equity	33.54	35.15	33.4	32.36	27.76	20.44
Total Liabilities & Equity	106.51	121.13	80.67	61.91	82.72	59.45
Total Debt	21.77	22.86	10.59	7.42	13.62	21.25
Net Cash (Debt)	-0.93	-1.6	12.07	11.52	4.21	-13.88
Net Cash Growth	-	-	4.84%	173.60%	-	-
Net Cash Per Share	-0.12	-0.21	1.58	1.50	0.55	-1.81
Filing Date Shares Outstanding	7.67	7.66	7.66	7.66	7.66	7.66
Total Common Shares Outstanding	7.67	7.66	7.66	7.66	7.66	7.66
Working Capital	-4.67	-1.77	12.56	8.06	7.7	1.25
Book Value Per Share	3.44	3.62	2.57	2.23	1.90	1.09
Tangible Book Value	2.2	3.56	-4.43	-7.15	-9.65	-15.94
Tangible Book Value Per Share	0.29	0.46	-0.58	-0.93	-1.26	-2.08
Buildings	-	18.7	-	-	-	-
Machinery	-	7.94	8.01	7.66	7.37	7.02