Top Group Software 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	43.31	40.3	31.58	16.45	13.82
Short-Term Investments	0.2	0.37	0.44	0.5	0.92
Cash & Short-Term Investments	43.5	40.67	32.01	16.95	14.74
Cash Growth	6.96%	27.05%	88.89%	14.96%	-22.69%
Accounts Receivable	118.78	135.71	102.61	94.46	72.72
Other Receivables	3.36	4.47	2.48	1.57	1.24
Receivables	123.12	141.16	106.88	97.27	74.93
Prepaid Expenses	7.62	5.8	4.99	3.49	2.57
Other Current Assets	0.52	0.63	0.75	0.41	0.26
Total Current Assets	174.76	188.26	144.63	118.11	92.5
Property, Plant & Equipment	28.27	32	33.29	34.95	23.8
Goodwill	99.34	89.42	86.3	86.3	68.76
Other Intangible Assets	16.49	16.48	13.57	14.24	10.46
Long-Term Accounts Receivable	-	-	-	0.41	0.64
Long-Term Deferred Tax Assets	10.66	10.34	7.18	4.45	4.04
Other Long-Term Assets	0.4	0.42	0.4	0.47	0.32
Total Assets	330.65	338.62	288.06	262.96	205.15
Accounts Payable	22.71	30.48	16.64	15.3	5.6
Accrued Expenses	43.82	41.9	27.69	24.64	23.63
Short-Term Debt	21.43	32.42	41.1	21.17	15.85
Current Portion of Long-Term Debt	17.67	16.21	11.1	12.43	8.35
Current Portion of Leases	6.74	6.36	6.65	5.88	4.48
Current Unearned Revenue	21.71	23.45	23.24	18.09	14.56
Other Current Liabilities	39.9	31.53	32	26.04	19.68
Total Current Liabilities	173.98	182.36	158.42	123.55	92.14
Long-Term Debt	39.88	43.01	22.63	30.28	28.23
Long-Term Leases	20.51	23.27	24.91	26.93	17.39
Pension & Post-Retirement Benefits	1.28	0.98	0.93	0.97	1.16
Long-Term Deferred Tax Liabilities	1.21	1.87	1.59	1.52	0.37
Other Long-Term Liabilities	0.41	3.32	6.03	12.12	7.14
Total Liabilities	237.27	254.82	214.5	195.35	146.43
Common Stock	2.13	2.13	2.13	2.13	2.13
Additional Paid-In Capital	37.54	37.54	37.54	37.54	37.54
Retained Earnings	53.15	44.55	35.02	27.91	19.98
Comprehensive Income & Other	-7.36	-7.32	-7.42	-7.26	-3.48
Total Common Equity	85.45	76.89	67.26	60.31	56.16
Minority Interest	7.94	6.91	6.3	7.3	2.56
Shareholders' Equity	93.39	83.81	73.56	67.61	58.73
Total Liabilities & Equity	330.65	338.62	288.06	262.96	205.15
Total Debt	106.22	121.28	106.39	96.68	74.29
Net Cash (Debt)	-62.72	-80.61	-74.38	-79.73	-59.55
Net Cash Per Share	-2.96	-3.80	-3.51	-3.76	-2.81
Filing Date Shares Outstanding	21.19	21.19	21.19	21.19	21.19
Total Common Shares Outstanding	21.19	21.19	21.19	21.19	21.19
Working Capital	0.78	5.91	-13.79	-5.43	0.36
Book Value Per Share	4.03	3.63	3.17	2.85	2.68
Tangible Book Value	-30.38	-29	-32.61	-40.23	-23.06
Tangible Book Value Per Share	-1.43	-1.37	-1.54	-1.90	-1.10
Machinery	12.17	11.92	9.99	8.95	7.2
Leasehold Improvements	1.66	1.65	1.55	1.32	1.12

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