Michlol Finance 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	557.73	50.72	49.32	51.43	11.54	6.31
Cash & Short-Term Investments	557.73	50.72	49.32	51.43	11.54	6.31
Cash Growth	1921.95%	2.84%	-4.10%	345.63%	83.02%	32.26%
Accounts Receivable	1,177	1,435	877.57	657.11	311.3	336.74
Other Receivables	6.19	5.2	10.48	7.41	3.86	1.64
Receivables	1,183	1,440	888.05	664.52	315.15	338.38
Other Current Assets	42.74	29.86	18.59	-	-	-
Total Current Assets	1,783	1,521	955.96	715.95	326.69	344.69
Property, Plant & Equipment	0.96	1.21	1.28	1.81	1.97	0.67
Long-Term Investments	3.21	3.21	8.2	15.84	12.78	6.5
Other Intangible Assets	29.88	30.11	30.92	31.92	33.04	33.64
Long-Term Accounts Receivable	933.23	870.85	633.2	847.31	730.39	329.8
Long-Term Deferred Tax Assets	2.62	2.68	0.98	0.41	0.94	1.16
Other Long-Term Assets	0.61	0.64	0.83	-	-	-
Total Assets	2,754	2,429	1,631	1,613	1,106	716.47
Accounts Payable	0.28	0.14	0.22	0.1	0.2	0.43
Accrued Expenses	-	9.97	7.85	7.87	4.75	2.89
Short-Term Debt	1,373	400	944.46	1,049	684.74	471.73
Current Portion of Long-Term Debt	96.29	788.98	65.16	166.46	38.75	-
Current Portion of Leases	0.31	0.51	0.73	0.75	0.65	0.31
Current Income Taxes Payable	8.31	16.33	19.68	16.82	11.32	5.17
Current Unearned Revenue	27.37	25.61	22.98	25.23	30.73	17.38
Other Current Liabilities	60.6	29.68	13.45	3.67	3.05	1.73
Total Current Liabilities	1,566	1,271	1,075	1,270	774.18	499.63
Long-Term Debt	725.36	725.45	237.93	71.55	118.58	39.36
Long-Term Leases	0.22	0.28	0.26	0.76	1.2	0.07
Long-Term Unearned Revenue	24.08	24.96	11.67	10.49	11.26	7.14
Long-Term Deferred Tax Liabilities	1.09	1.1	1.25	2.5	1.63	1.82
Other Long-Term Liabilities	-	-	-	-	-	1.59
Total Liabilities	2,317	2,023	1,326	1,355	906.84	549.6
Common Stock	260.71	246.29	191.13	189.71	171.32	165.66
Retained Earnings	176.23	159.9	114.6	68.67	27.65	1.2
Shareholders' Equity	436.94	406.19	305.73	258.38	198.97	166.86
Total Liabilities & Equity	2,754	2,429	1,631	1,613	1,106	716.47
Total Debt	2,195	1,915	1,249	1,288	843.91	511.46
Net Cash (Debt)	-1,637	-1,864	-1,199	-1,237	-832.37	-505.16
Net Cash Per Share	-35.52	-41.84	-27.60	-29.16	-20.34	-16.67
Filing Date Shares Outstanding	49.02	47.77	43.42	43.52	40.91	40.91
Total Common Shares Outstanding	49.02	47.77	43.42	43.52	40.91	40.91
Working Capital	217.18	249.3	-118.57	-553.61	-447.48	-154.94
Book Value Per Share	8.91	8.50	7.04	5.94	4.86	4.08
Tangible Book Value	407.06	376.08	274.81	226.46	165.93	133.22
Tangible Book Value Per Share	8.30	7.87	6.33	5.20	4.06	3.26