Michlol Finance 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	50.72	49.32	51.43	11.54	6.31
Cash & Short-Term Investments	50.72	49.32	51.43	11.54	6.31
Cash Growth	2.84%	-4.10%	345.63%	83.02%	32.26%
Accounts Receivable	1,435	877.57	657.11	311.3	336.74
Other Receivables	5.2	10.48	7.41	3.86	1.64
Receivables	1,440	888.05	664.52	315.15	338.38
Other Current Assets	29.86	18.59	-	-	-
Total Current Assets	1,521	955.96	715.95	326.69	344.69
Property, Plant & Equipment	1.21	1.28	1.81	1.97	0.67
Long-Term Investments	3.21	8.2	15.84	12.78	6.5
Other Intangible Assets	30.11	30.92	31.92	33.04	33.64
Long-Term Accounts Receivable	870.85	633.2	847.31	730.39	329.8
Long-Term Deferred Tax Assets	2.68	0.98	0.41	0.94	1.16
Other Long-Term Assets	0.64	0.83	-	-	-
Total Assets	2,429	1,631	1,613	1,106	716.47
Accounts Payable	0.14	0.22	0.1	0.2	0.43
Accrued Expenses	-	7.85	7.87	4.75	2.89
Short-Term Debt	1,093	944.46	1,049	684.74	471.73
Current Portion of Long-Term Debt	96.3	65.16	166.46	38.75	-
Current Portion of Leases	0.51	0.73	0.75	0.65	0.31
Current Income Taxes Payable	16.33	19.68	16.82	11.32	5.17
Current Unearned Revenue	25.61	22.98	25.23	30.73	17.38
Other Current Liabilities	39.65	13.45	3.67	3.05	1.73
Total Current Liabilities	1,271	1,075	1,270	774.18	499.63
Long-Term Debt	725.45	237.93	71.55	118.58	39.36
Long-Term Leases	0.28	0.26	0.76	1.2	0.07
Long-Term Unearned Revenue	24.96	11.67	10.49	11.26	7.14
Long-Term Deferred Tax Liabilities	1.1	1.25	2.5	1.63	1.82
Other Long-Term Liabilities	-	-	-	-	1.59
Total Liabilities	2,023	1,326	1,355	906.84	549.6
Common Stock	246.29	191.13	189.71	171.32	165.66
Retained Earnings	159.9	114.6	68.67	27.65	1.2
Shareholders' Equity	406.19	305.73	258.38	198.97	166.86
Total Liabilities & Equity	2,429	1,631	1,613	1,106	716.47
Total Debt	1,915	1,249	1,288	843.91	511.46
Net Cash (Debt)	-1,864	-1,199	-1,237	-832.37	-505.16
Net Cash Per Share	-41.84	-27.60	-29.16	-20.34	-16.67
Filing Date Shares Outstanding	44.86	43.42	43.52	40.91	40.91
Total Common Shares Outstanding	44.86	43.42	43.52	40.91	40.91
Working Capital	249.3	-118.57	-553.61	-447.48	-154.94
Book Value Per Share	9.05	7.04	5.94	4.86	4.08
Tangible Book Value	376.08	274.81	226.46	165.93	133.22
Tangible Book Value Per Share	8.38	6.33	5.20	4.06	3.26

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