Keystone Infra Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	220.76	378.89	80.9	140.12	536.75	19.46
Cash & Short-Term Investments	220.76	378.89	80.9	140.12	536.75	19.46
Cash Growth	113.08%	368.32%	-42.26%	-73.89%	2658.49%	-
Accounts Receivable	-	0.22	0.51	27.57	0.23	0.19
Other Receivables	15.07	5.3	4.35	0	0.3	0.57
Receivables	15.07	5.52	4.86	27.57	0.52	3.14
Prepaid Expenses	-	1.17	0.96	0.76	1.06	0.95
Other Current Assets	-	0.81	-	-	-	4.25
Total Current Assets	235.83	386.39	86.72	168.44	538.33	27.8
Property, Plant & Equipment	-	-	-	0.02	0.03	-
Long-Term Investments	4,078	3,082	3,007	2,520	937.75	481.51
Other Long-Term Assets	55.46	25.89	33	31.68	29.75	0.6
Total Assets	4,369	3,494	3,126	2,721	1,506	509.9
Accounts Payable	-	0.11	0.09	0.59	0.19	0.01
Accrued Expenses	-	5.31	6.79	2.32	1.02	0.83
Short-Term Debt	-	187.5	187.5	500	-	-
Current Portion of Long-Term Debt	58.21	56.54	54.67	34.22	-	21.67
Other Current Liabilities	41.88	19.7	15	-	5.3	-
Total Current Liabilities	100.1	269.16	264.05	537.12	6.51	22.51
Long-Term Debt	1,550	885.51	808.18	634.68	458.9	108.33
Long-Term Deferred Tax Liabilities	262.54	184.09	189.35	67.75	22.31	4.91
Other Long-Term Liabilities	-	6.77	6.77	6.77	6.77	-
Total Liabilities	1,913	1,346	1,268	1,246	494.48	135.75
Common Stock	1,498	1,496	1,332	1,320	919.17	362.38
Retained Earnings	928.14	622.39	508.03	124.15	69.41	6.91
Comprehensive Income & Other	30.16	30.38	18.55	29.7	22.8	4.86
Shareholders' Equity	2,457	2,148	1,858	1,474	1,011	374.16
Total Liabilities & Equity	4,369	3,494	3,126	2,721	1,506	509.9
Total Debt	1,608	1,130	1,050	1,169	458.9	130
Net Cash (Debt)	-1,387	-750.66	-969.45	-1,029	77.85	-110.54
Net Cash Per Share	-6.50	-4.10	-6.36	-8.52	1.43	-8.49
Filing Date Shares Outstanding	194.9	187.19	187.05	152.5	92.35	60.22
Total Common Shares Outstanding	194.9	187.05	187.05	152.5	92.35	36.05
Working Capital	135.74	117.23	-177.33	-368.68	531.82	5.29
Book Value Per Share	12.60	11.49	9.93	9.67	10.95	10.38
Tangible Book Value	2,457	2,148	1,858	1,474	1,011	374.16
Tangible Book Value Per Share	12.60	11.49	9.93	9.67	10.95	10.38

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