Model N 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	Mar '25 Mar 31, 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	205.06	33.73	67.26	185.13	64.64	-
Cash & Short-Term Investments	205.06	33.73	67.26	185.13	64.64	-
Cash Growth	81.04%	-49.85%	-63.67%	186.41%	-	-
Accounts Receivable	1.86	2.47	1.64	2.85	2.21	-
Other Receivables	6.82	2.64	4.19	3.05	43.3	-
Receivables	8.68	5.11	5.83	5.91	45.53	-
Inventory	-	0.21	0.42	0.2	0.19	-
Prepaid Expenses	-	0.4	0.56	0.23	0.54	-
Restricted Cash	3.48	7.08	5.91	9.03	-	-
Other Current Assets	1.13	1.54	1.61	1.55	17.11	-
Total Current Assets	218.34	48.07	81.59	202.05	128	-
Property, Plant & Equipment	791.81	775.94	664.97	595.96	534.1	-
Long-Term Investments	43.15	42.82	44.66	51.03	50.27	-
Other Long-Term Assets	1,454	1,436	1,305	1,186	820.82	-
Total Assets	2,507	2,303	2,096	2,035	1,533	-
Accounts Payable	6.11	7.45	3.67	2.83	4.65	-
Accrued Expenses	-	20.72	14.29	9.53	13.03	-
Short-Term Debt	-	0.61	11.46	4.69	104.17	-
Current Portion of Long-Term Debt	448.83	214.95	139.39	17.46	7.26	-
Current Portion of Leases	0.31	0.3	0.28	0.29	0.28	-
Current Unearned Revenue	-	0.38	0.04	0.02	0.02	-
Other Current Liabilities	33.74	1.43	3.84	3.36	2.4	-
Total Current Liabilities	488.99	245.83	172.97	38.17	131.8	-
Long-Term Debt	801.51	834.22	743.93	743.37	265.08	-
Long-Term Leases	1.66	1.74	2.04	0.85	1.14	-
Long-Term Deferred Tax Liabilities	177.46	180.33	169.99	185.13	162.29	-
Other Long-Term Liabilities	12	12	11.5	11.5	10.5	-
Total Liabilities	1,482	1,275	1,101	979.53	571.05	-
Common Stock	18.61	18.37	18.37	18.37	18.37	-
Additional Paid-In Capital	403.45	394.18	394.18	394.18	394.18	-
Retained Earnings	451.11	454.36	444.32	505.74	416.83	-
Comprehensive Income & Other	151.74	161.06	137.88	137.31	132.77	-
Shareholders' Equity	1,025	1,028	994.75	1,056	962.15	-
Total Liabilities & Equity	2,507	2,303	2,096	2,035	1,533	-
Total Debt	1,252	1,052	897.1	766.65	377.92	-
Net Cash (Debt)	-1,047	-1,018	-829.84	-581.52	-313.28	-
Net Cash Per Share	-61.60	-55.43	-45.18	-31.66	-17.22	-
Filing Date Shares Outstanding	18.54	18.37	18.32	18.37	18.19	9.18
Total Common Shares Outstanding	18.54	18.37	18.32	18.37	18.19	9.18
Working Capital	-270.65	-197.76	-91.38	163.87	-3.8	-
Book Value Per Share	55.28	55.97	54.31	57.47	52.89	-
Tangible Book Value	1,025	1,028	994.75	1,056	962.15	-
Tangible Book Value Per Share	55.28	55.97	54.31	57.47	52.89	-
Land	-	43.6	19.05	19.25	18.05	-
Buildings	-	20.09	19.97	19.92	10.17	-
Machinery	-	12.27	11.73	10.72	10.45	-
Construction In Progress	-	436.9	344.4	272.3	222.2	-

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