Max Stock 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	120.72	97.15	128.86	80.53	50.34	118.26
Short-Term Investments	-	-	-	-	-	24.5
Cash & Short-Term Investments	120.72	97.15	128.86	80.53	50.34	142.76
Cash Growth	38.37%	-24.61%	60.00%	59.98%	-64.74%	209.97%
Accounts Receivable	121.85	112.86	99.21	81.79	75.65	73.74
Other Receivables	19.34	1.24	6.49	9.12	4.77	3.46
Receivables	141.2	114.09	105.7	90.91	80.42	77.2
Inventory	191.24	240.65	144.58	159.35	213.66	127.27
Prepaid Expenses	-	2.91	3.27	1.43	0.61	0.41
Other Current Assets	-	6.81	7.55	8.81	7.09	15.33
Total Current Assets	453.16	461.61	389.96	341.03	352.11	362.97
Property, Plant & Equipment	842.66	804.94	703.2	642.99	610.11	559.03
Long-Term Deferred Tax Assets	19.09	17.16	14.09	11.05	9.78	10.56
Other Long-Term Assets	-	-	-	0.25	0.16	0.16
Total Assets	1,317	1,286	1,109	995.32	972.15	932.72
Accounts Payable	225.17	148.57	138.51	97.01	92.6	116.36
Accrued Expenses	-	55.56	41.49	31.95	28.18	25.5
Short-Term Debt	-	5.02	3.64	9.25	27.46	-
Current Portion of Long-Term Debt	12.92	12.64	10.79	16.15	19.2	15.43
Current Portion of Leases	66.94	65.22	59.99	52.4	56.84	53.83
Current Income Taxes Payable	2.1	2.89	4.07	2.73	2.93	9.78
Other Current Liabilities	12.31	4.48	5.11	1.88	1.88	7.55
Total Current Liabilities	319.44	294.38	263.59	211.36	229.08	228.45
Long-Term Debt	22.98	31.77	20.5	22.17	23.85	20.62
Long-Term Leases	715.66	679.94	593.31	544.92	516.09	486.13
Pension & Post-Retirement Benefits	3.3	3.35	2.9	2.64	2.53	1.94
Total Liabilities	1,061	1,009	880.3	781.09	771.54	737.13
Additional Paid-In Capital	-	51.65	49.04	42.86	36.53	36.53
Retained Earnings	-	235.68	186.91	165.9	141.74	143.54
Treasury Stock	-	-19.9	-19.9	-19.9	-	-
Comprehensive Income & Other	-	3.52	5.65	13.21	9.81	-2.8
Total Common Equity	253.97	270.94	221.7	202.07	188.08	177.27
Minority Interest	2.04	5.66	7.14	12.17	12.53	18.32
Shareholders' Equity	256.01	276.6	228.85	214.24	200.61	195.59
Total Liabilities & Equity	1,317	1,286	1,109	995.32	972.15	932.72
Total Debt	818.5	794.58	688.22	644.88	643.43	576.01
Net Cash (Debt)	-697.78	-697.43	-559.37	-564.34	-593.09	-433.25
Net Cash Per Share	-4.98	-4.97	-3.99	-3.96	-4.13	-3.04
Filing Date Shares Outstanding	140.75	139.5	139.34	138.97	142.34	142.34
Total Common Shares Outstanding	140.75	139.5	139.34	138.97	142.34	142.34
Working Capital	133.72	167.23	126.36	129.68	123.03	134.53
Book Value Per Share	1.80	1.94	1.59	1.45	1.32	1.25
Tangible Book Value	253.97	270.94	221.7	202.07	188.08	177.27
Tangible Book Value Per Share	1.80	1.94	1.59	1.45	1.32	1.25
Machinery	-	84.21	62.99	127.09	40.59	67.86
Leasehold Improvements	-	107.79	91.68	-	62	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.