Solaer Renewable Energies 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	73.54	61.92	152.58	69.62	48.53
Accounts Receivable	10.19	23.41	8.17	12.28	4.93
Other Receivables	21.02	28.38	13.87	20.63	27.74
Prepaid Expenses	5.81	1.97	3.07	3.33	1.18
Loans Receivable Current	-	7.65	-	-	-
Other Current Assets	445.25	262.83	101.25	31.56	15.47
Total Current Assets	555.8	386.17	278.94	137.42	97.86
Property, Plant & Equipment	997.44	1,006	973.96	817.8	602.58
Goodwill	1.14	1.16	1.22	1.14	1.07
Long-Term Investments	29.16	20.93	5.89	0.32	1.13
Long-Term Loans Receivable	40.71	20.31	13.17	9.63	5.84
Long-Term Deferred Tax Assets	6.02	18.11	6.68	2.45	0.48
Long-Term Accounts Receivable	-	8.82	12.49	12.64	12.71
Other Long-Term Assets	69.71	63.64	63.32	52.95	51.94
Total Assets	1,700	1,525	1,356	1,034	773.61
Accounts Payable	59.14	48.09	9.22	4.75	11.09
Accrued Expenses	17.3	36.04	7.65	8.98	8.74
Short-Term Debt	50.88	206.06	0.78	1.58	0.59
Current Portion of Long-Term Debt	20.97	18.58	63.52	47.02	123.38
Current Portion of Leases	7	9.84	10.07	9.02	7.08
Other Current Liabilities	224.8	159.28	5.49	3.62	9.62
Total Current Liabilities	380.09	477.88	96.73	74.97	160.5
Long-Term Debt	769.26	634.59	727.47	604.26	287.81
Long-Term Leases	86.53	123.47	133.07	125.3	90.57
Long-Term Deferred Tax Liabilities	35.62	46.32	72.68	44.12	33.31
Other Long-Term Liabilities	25.26	0.21	0.88	0.88	1.75
Total Liabilities	1,297	1,282	1,031	849.54	573.93
Additional Paid-In Capital	399.07	238.79	238.32	168.94	165.79
Retained Earnings	-49.53	-80.5	-30.58	-64.94	-37.47
Comprehensive Income & Other	44.8	63.72	81.71	54.98	36.54
Total Common Equity	394.34	222	289.45	158.98	164.86
Minority Interest	8.88	20.28	35.37	25.82	34.82
Shareholders' Equity	403.22	242.28	324.83	184.8	199.68
Total Liabilities & Equity	1,700	1,525	1,356	1,034	773.61
Total Debt	934.64	992.53	934.92	787.18	509.43
Net Cash (Debt)	-861.1	-930.61	-782.34	-717.56	-460.91
Net Cash Per Share	-47.54	-56.70	-56.49	-51.68	-35.40
Filing Date Shares Outstanding	20.09	16.41	16.41	13.81	13.95
Total Common Shares Outstanding	20.09	16.41	16.41	13.81	13.95
Working Capital	175.71	-91.71	182.21	62.45	-62.64
Book Value Per Share	19.62	13.53	17.64	11.51	11.82
Tangible Book Value	393.2	220.85	288.23	157.84	163.78
Tangible Book Value Per Share	19.57	13.46	17.56	11.43	11.74
Machinery	37.48	197.1	436.51	376.85	131.9
Construction In Progress	871.96	703.72	428.2	321.5	374.95

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