B. Gaon Holdings Balance Sheet

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

Millions ILS. 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	92.04	69.05	71.71	58.05	71.7	61.43
Cash & Short-Term Investments	112.04	69.05	71.71	58.05	71.7	61.43
Cash Growth	73.13%	-3.71%	23.53%	-19.03%	16.72%	-19.50%
Accounts Receivable	228.54	248.89	225.88	204.18	194.1	221.85
Other Receivables	9.62	5.97	3.6	4.77	5.83	5.02
Receivables	238.16	254.85	229.48	208.94	199.93	226.86
Inventory	280.55	278.43	257.72	277.47	334.66	251.2
Prepaid Expenses	-	5.36	2.49	3.24	2.66	0.67
Restricted Cash	-	-	-	-	16.68	-
Other Current Assets	10.66	8.51	5.6	5.71	26.21	20.73
Total Current Assets	641.41	616.2	567.01	553.41	651.83	560.88
Property, Plant & Equipment	416.6	406.61	359.96	378.09	377.94	368.42
Long-Term Investments	43.03	42.16	41.58	38.22	34.2	31.53
Goodwill	0.77	0.77	0.77	0.77	5.75	5.75
Other Intangible Assets	14.46	14.94	17.04	19.2	31.07	34.32
Long-Term Deferred Tax Assets	7.21	6.27	3.93	4.61	6.75	8.86
Long-Term Deferred Charges	-	-	-	-	8.02	6.45
Other Long-Term Assets	1.5	36.64	23.4	25.17	4.97	4.52
Total Assets	1,125	1,124	1,014	1,019	1,121	1,021
Accounts Payable	138.95	84.48	79.64	85.94	86.59	103.05
Accrued Expenses	-	60.33	57.44	35.66	37.26	56.13
Short-Term Debt	233.81	246.8	214.81	228.17	352.69	233.56
Current Portion of Long-Term Debt	15.42	39.99	24.58	45.48	42.27	21.23
Current Portion of Leases	11.89	12.64	13.21	11.8	14.45	10.93
Current Income Taxes Payable	20.47	16.74	7.78	9.9	11.34	10.17
Other Current Liabilities	54.79	17.43	6.17	7.34	6.18	19.47
Total Current Liabilities	475.31	478.4	403.63	424.29	550.77	454.55
Long-Term Debt	114.11	117.13	138.96	127.39	62.87	72.03
Long-Term Leases	86.2	88.07	43.94	49.48	49.77	42.71
Pension & Post-Retirement Benefits	6.85	7.02	7.31	4.36	8.2	13.63
Long-Term Deferred Tax Liabilities	7.31	7.48	5.25	4.71	7.08	7.89
Other Long-Term Liabilities	-	1.38	2.8	2.76	0.45	0.43
Total Liabilities	689.78	699.47	601.9	612.99	679.13	591.24
Common Stock	2.72	2.72	2.72	2.72	2.72	2.72
Additional Paid-In Capital	219.94	219.84	219.68	219.68	219.68	219.68
Retained Earnings	-2.68	-8.77	-27.33	-27.66	-2.88	-8.94
Comprehensive Income & Other	42.72	42.11	41.06	41.34	40.66	40.51
Total Common Equity	262.71	255.9	236.12	236.07	260.18	253.97
Minority Interest	172.5	168.21	175.68	170.42	181.23	175.51
Shareholders' Equity	435.2	424.11	411.8	406.49	441.41	429.48
Total Liabilities & Equity	1,125	1,124	1,014	1,019	1,121	1,021
Total Debt	461.43	504.62	435.5	462.31	522.04	380.47
Net Cash (Debt)	-349.39	-435.57	-363.79	-404.26	-450.34	-319.04
Net Cash Per Share	-109.02	-140.19	-133.94	-148.85	-149.61	-105.09
Filing Date Shares Outstanding	2.72	2.72	2.72	2.72	2.72	2.72
Total Common Shares Outstanding	2.72	2.72	2.72	2.72	2.72	2.72
Working Capital	166.1	137.8	163.38	129.13	101.06	106.33
Book Value Per Share	96.48	94.07	86.93	86.91	95.78	93.49
Tangible Book Value	247.48	240.18	218.31	216.1	223.36	213.89
Tangible Book Value Per Share	90.88	88.29	80.37	79.55	82.23	78.74
Land	-	68.53	55.94	55.94	55.78	50.29
Buildings	-	122.32	122.22	122.22	116.04	115.74
Machinery	-	389.79	383.74	379.69	360.72	349.88
Leasehold Improvements	-	18.47	16.6	15.51	13.17	12.8