B. Gaon Holdings Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	84.14	69.05	71.71	58.05	71.7	61.43
Cash & Short-Term Investments	84.14	69.05	71.71	58.05	71.7	61.43
Cash Growth	35.50%	-3.71%	23.53%	-19.03%	16.72%	-19.50%
Accounts Receivable	250.86	248.89	225.88	204.18	194.1	221.85
Other Receivables	8.87	5.97	3.6	4.77	5.83	5.02
Receivables	259.73	254.85	229.48	208.94	199.93	226.86
Inventory	287.28	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	10.54	8.51	5.6	5.71	26.21	20.73
Total Current Assets	641.69	616.2	567.01	553.41	651.83	560.88
Property, Plant & Equipment	417.42	406.61	359.96	378.09	377.94	368.42
Long-Term Investments	44.45	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	13.98	14.94	17.04	19.2	31.07	34.32
Long-Term Deferred Tax Assets	8.1	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	1,128	1,124	1,014	1,019	1,121	1,021

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	134.54	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	232.59	246.8	214.81	228.17	352.69	233.56
Current Portion of Long-Term Debt	13	39.99	24.58	45.48	42.27	21.23
Current Portion of Leases	12	12.64	13.21	11.8	14.45	10.93
Current Income Taxes Payable	25.79	16.74	7.78	9.9	11.34	10.17
Other Current Liabilities	53.85	17.43	6.17	7.34	6.18	19.47
Total Current Liabilities	471.77	478.4	403.63	424.29	550.77	454.55
Long-Term Debt	94.37	117.13	138.96	127.39	62.87	72.03
Long-Term Leases	84.83	88.07	43.94	49.48	49.77	42.71
Pension & Post-Retirement Benefits	6.68	7.02	7.31	4.36	8.2	13.63
Long-Term Deferred Tax Liabilities	7.36	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	665.01	699.47	601.9	612.99	679.13	591.24

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	3.1	2.72	2.72	2.72	2.72	2.72
Additional Paid-In Capital	235.49	219.84	219.68	219.68	219.68	219.68
Retained Earnings	5.06	-8.77	-27.33	-27.66	-2.88	-8.94
Comprehensive Income & Other	43.01	42.11	41.06	41.34	40.66	40.51
Total Common Equity	286.66	255.9	236.12	236.07	260.18	253.97
Minority Interest	176.26	168.21	175.68	170.42	181.23	175.51
Shareholders' Equity	462.91	424.11	411.8	406.49	441.41	429.48
Total Liabilities & Equity	1,128	1,124	1,014	1,019	1,121	1,021

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	436.79	504.62	435.5	462.31	522.04	380.47
Net Cash (Debt)	-352.64	-435.57	-363.79	-404.26	-450.34	-319.04
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-106.34	-140.19	-133.94	-148.85	-149.61	-105.09
Filing Date Shares Outstanding	3.1	2.72	2.72	2.72	2.72	2.72
Total Common Shares Outstanding	3.1	2.72	2.72	2.72	2.72	2.72
Working Capital	169.93	137.8	163.38	129.13	101.06	106.33
Book Value Per Share	92.47	94.07	86.93	86.91	95.78	93.49
Tangible Book Value	271.9	240.18	218.31	216.1	223.36	213.89
Tangible Book Value Per Share	87.71	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