Max Stock 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	188.58	161.85	97.15	128.86	80.53	50.34
Cash & Short-Term Investments	188.58	161.85	97.15	128.86	80.53	50.34
Cash Growth	42.80%	66.60%	-24.61%	60.00%	59.98%	-64.74%
Accounts Receivable	149.09	125.14	112.86	99.21	81.79	75.65
Other Receivables	12.87	4.24	1.24	6.49	9.12	4.77
Receivables	161.96	129.38	114.09	105.7	90.91	80.42
Inventory	215.36	210.2	240.65	144.58	159.35	213.66
Prepaid Expenses	-	2.44	2.91	3.27	1.43	0.61
Other Current Assets	-	3.34	6.81	7.55	8.81	7.09
Total Current Assets	565.9	507.21	461.61	389.96	341.03	352.11
Property, Plant & Equipment	816.69	832.29	804.94	703.2	642.99	610.11
Long-Term Deferred Tax Assets	25.23	24.6	17.16	14.09	11.05	9.78
Other Long-Term Assets	-	-	-	-	0.25	0.16
Total Assets	1,410	1,367	1,286	1,109	995.32	972.15
Accounts Payable	163	168.3	148.57	138.51	97.01	92.6
Accrued Expenses	-	63.57	55.56	41.49	31.95	28.18
Short-Term Debt	-	4.18	5.02	3.64	9.25	27.46
Current Portion of Long-Term Debt	7.78	8.3	12.64	10.79	16.15	19.2
Current Portion of Leases	69.36	69.77	65.22	59.99	52.4	56.84
Current Income Taxes Payable	2.72	1.42	2.89	4.07	2.73	2.93
Other Current Liabilities	188	27.11	4.48	5.11	1.88	1.88
Total Current Liabilities	430.87	342.66	294.38	263.59	211.36	229.08
Long-Term Debt	21.24	20.22	31.77	20.5	22.17	23.85
Long-Term Leases	691.82	707.88	679.94	593.31	544.92	516.09
Pension & Post-Retirement Benefits	3.99	3.99	3.35	2.9	2.64	2.53
Total Liabilities	1,148	1,075	1,009	880.3	781.09	771.54
Additional Paid-In Capital	-	55.01	51.65	49.04	42.86	36.53
Retained Earnings	-	250.59	235.68	186.91	165.9	141.74
Treasury Stock	-	-19.9	-19.9	-19.9	-19.9	-
Comprehensive Income & Other	-	-3.32	3.52	5.65	13.21	9.81
Total Common Equity	248.16	282.37	270.94	221.7	202.07	188.08
Minority Interest	14.29	9.59	5.66	7.14	12.17	12.53
Shareholders' Equity	262.44	291.96	276.6	228.85	214.24	200.61
Total Liabilities & Equity	1,410	1,367	1,286	1,109	995.32	972.15
Total Debt	790.2	810.35	794.58	688.22	644.88	643.43
Net Cash (Debt)	-601.63	-648.5	-697.43	-559.37	-564.34	-593.09
Net Cash Per Share	-4.29	-4.62	-4.97	-3.99	-3.96	-4.13
Filing Date Shares Outstanding	138.53	139.77	139.5	139.34	138.97	142.34
Total Common Shares Outstanding	138.53	139.77	139.5	139.34	138.97	142.34
Working Capital	135.03	164.54	167.23	126.36	129.68	123.03
Book Value Per Share	1.79	2.02	1.94	1.59	1.45	1.32
Tangible Book Value	248.16	282.37	270.94	221.7	202.07	188.08
Tangible Book Value Per Share	1.79	2.02	1.94	1.59	1.45	1.32
Machinery	-	94.95	84.21	62.99	127.09	40.59
Leasehold Improvements	-	113.57	107.79	91.68	-	62

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