Ludan Engineering Co. Balance Sheet

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

Millions ILS. 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	21.64	34.67	36.46	45.72	32.36
Cash & Short-Term Investments	21.64	34.67	36.46	45.72	32.36
Cash Growth	-37.58%	-4.91%	-20.24%	41.27%	-12.41%
Accounts Receivable	115.61	219.2	206.72	180.17	161.59
Other Receivables	11.2	26.68	2.18	1.08	1.86
Receivables	126.81	245.87	209.05	181.39	163.61
Inventory	-	29.63	28.1	22.96	27.03
Prepaid Expenses	-	-	19.95	13.39	12.9
Other Current Assets	2.18	2.88	8.45	6.99	5.15
Total Current Assets	150.63	313.05	302.01	270.45	241.05
Property, Plant & Equipment	55.4	115.25	75.26	76.59	78.24
Long-Term Investments	0.13	0.26	-	-	-
Goodwill	17.29	30.5	26.74	16.4	15.18
Other Intangible Assets	5.59	16.9	19.32	16.76	14.07
Long-Term Deferred Tax Assets	2.77	6.34	5.69	7.3	8.83
Other Long-Term Assets	6.71	4.88	4.41	1.78	0.42
Total Assets	266.39	487.36	433.65	389.57	358.12
Accounts Payable	20.88	49.59	53.12	58.6	66.02
Accrued Expenses	45.84	62.19	58.03	53.29	47.29
Short-Term Debt	16.45	34.15	18.48	14.88	23.72
Current Portion of Long-Term Debt	3.46	3.12	3.47	2.18	2.78
Current Portion of Leases	13.93	22.9	14.58	16.92	16.84
Current Income Taxes Payable	1.36	3.39	2.06	2.39	1.75
Current Unearned Revenue	18.41	40.32	38.01	26.17	33.85
Other Current Liabilities	20.27	17.25	24.01	16.69	12.03
Total Current Liabilities	140.58	232.91	211.77	191.12	204.27
Long-Term Debt	7.25	7.83	9.75	5.27	7.17
Long-Term Leases	31.58	77.18	48.12	46.56	49.23
Pension & Post-Retirement Benefits	0.81	11.94	13.05	13.41	14.98
Long-Term Deferred Tax Liabilities	1.49	1.96	2.11	1.57	0.4
Other Long-Term Liabilities	0.36	12.53	6.54	-	-
Total Liabilities	182.07	344.34	291.33	257.92	276.05
Common Stock	12.94	12.94	12.94	12.94	12.94
Additional Paid-In Capital	28.44	28.44	28.44	28.44	28.44
Retained Earnings	58.03	87.48	87.67	80.7	59.06
Comprehensive Income & Other	-17.51	-0.53	-0.32	-4.09	-19.69
Total Common Equity	81.89	128.33	128.72	117.99	80.75
Minority Interest	2.43	14.69	13.6	13.67	1.33
Shareholders' Equity	84.32	143.01	142.32	131.66	82.07
Total Liabilities & Equity	266.39	487.36	433.65	389.57	358.12
Total Debt	72.66	145.18	94.41	85.8	99.73
Net Cash (Debt)	-51.02	-110.51	-57.95	-40.08	-67.37
Net Cash Per Share	-4.43	-9.59	-5.03	-3.48	-5.85
Filing Date Shares Outstanding	11.52	11.52	11.52	11.52	11.52
Total Common Shares Outstanding	11.52	11.52	11.52	11.52	11.52
Working Capital	10.05	80.14	90.24	79.34	36.78
Book Value Per Share	7.11	11.13	11.17	10.24	7.01
Tangible Book Value	59.01	80.92	82.66	84.82	51.5
Tangible Book Value Per Share	5.12	7.02	7.17	7.36	4.47
Land	6.07	6.07	6.07	6.07	6.06
Machinery	40.61	53.02	43.99	38.78	32.81
Leasehold Improvements	10.92	18.89	14.03	12.4	13.22

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