TLV:MSKE 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	372.72	52.77	296.42	43.59	43.46	69.85
Accounts Receivable	31.29	14.94	8.67	10.42	5.39	1.48
Other Receivables	12.46	1.82	2.82	2.94	3.5	0.75
Prepaid Expenses	-	3.4	2.73	1.85	1.33	0.64
Restricted Cash	24.7	16.13	13.57	13.4	94.32	242.74
Other Current Assets	7.31	13.88	7.19	5.08	6.86	3.13
Total Current Assets	448.49	102.93	331.4	77.28	154.86	318.59
Property, Plant & Equipment	1,469	1,341	1,162	831.06	699.02	179.72
Other Intangible Assets	13.13	14.64	16.66	18.67	-	-
Long-Term Investments	2,455	2,439	1,739	1,445	53.27	35.61
Long-Term Deferred Tax Assets	32.64	32.3	22.71	15.24	9.45	3.92
Other Long-Term Assets	17.54	27.74	46.08	39.31	45.1	2.36
Total Assets	4,436	3,958	3,318	2,427	961.69	540.2
Accounts Payable	73.82	40	3.97	8.26	15.16	0.83
Accrued Expenses	-	36.95	36.29	6.55	8.15	2.15
Short-Term Debt	-	-	20.95	-	20.04	-
Current Portion of Long-Term Debt	300.47	102.36	39.96	32.66	32.35	6.74
Current Portion of Leases	9.74	8.73	7.77	5.31	5.4	1.11
Other Current Liabilities	17.49	0.81	0.05	3.23	0.26	0.21
Total Current Liabilities	401.51	188.85	108.99	56.01	81.35	11.03
Long-Term Debt	1,212	878.17	669.3	566.92	489.1	280.04
Long-Term Leases	207.07	190.29	164.39	105.15	103.21	23.02
Other Long-Term Liabilities	-	-	4.25	-	3.12	4.75
Total Liabilities	1,821	1,257	946.92	728.07	676.78	318.84
Additional Paid-In Capital	2,465	2,465	2,459	1,788	362.11	225.51
Retained Earnings	-216.55	-137.45	-85.29	-87.09	-76.21	-35.93
Comprehensive Income & Other	-	-	-	-	-	31.78
Total Common Equity	2,249	2,328	2,374	1,701	285.9	221.36
Minority Interest	366.1	372.5	-2.96	-2.15	-0.98	-
Shareholders' Equity	2,615	2,700	2,371	1,699	284.91	221.36
Total Liabilities & Equity	4,436	3,958	3,318	2,427	961.69	540.2
Total Debt	1,730	1,180	902.37	710.04	650.09	310.91
Net Cash (Debt)	-1,357	-1,127	-605.95	-666.45	-606.63	-241.06
Net Cash Per Share	-1.91	-1.59	-0.95	-1.62	-4.14	-2.40
Filing Date Shares Outstanding	710.61	710.58	710.58	572	159.43	134.43
Total Common Shares Outstanding	710.61	710.58	710.58	521.61	159.43	134.43
Working Capital	46.98	-85.92	222.42	21.27	73.51	307.56
Book Value Per Share	3.16	3.28	3.34	3.26	1.79	1.65
Tangible Book Value	2,236	2,313	2,357	1,682	285.9	221.36
Tangible Book Value Per Share	3.15	3.26	3.32	3.22	1.79	1.65
Machinery	-	1,169	972.64	654.04	705.05	162.81
Construction In Progress	-	217.73	205.31	213.87	-	-

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