Top Group Software Ltd (TLV:TOPG)

Top Group Software Balance Sheet

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	26.52	40.3	31.58	16.45	13.82	18.07
Short-Term Investments	0.42	0.37	0.44	0.5	0.92	1
Cash & Short-Term Investments	26.94	40.67	32.01	16.95	14.74	19.07
Cash Growth	12.67%	27.05%	88.89%	14.96%	-22.69%	177.90%
Accounts Receivable	121.61	135.71	102.61	94.46	72.72	55.85
Other Receivables	12.9	4.47	2.48	1.57	1.24	1.06
Receivables	134.51	141.16	106.88	97.27	74.93	56.91
Prepaid Expenses	-	5.8	4.99	3.49	2.57	1.32
Other Current Assets	-	0.63	0.75	0.41	0.26	0.13
Total Current Assets	161.45	188.26	144.63	118.11	92.5	77.42
Property, Plant & Equipment	29.92	32	33.29	34.95	23.8	21.84
Goodwill	-	89.42	86.3	86.3	68.76	33.63
Other Intangible Assets	114.18	16.48	13.57	14.24	10.46	6.29
Long-Term Accounts Receivable	-	-	-	0.41	0.64	-
Long-Term Deferred Tax Assets	10.45	10.34	7.18	4.45	4.04	3.17
Other Long-Term Assets	0.43	0.42	0.4	0.47	0.32	-
Total Assets	317.64	338.62	288.06	262.96	205.15	142.35
Accounts Payable	33.54	40.97	16.64	15.3	5.6	3.14
Accrued Expenses	-	31.4	27.69	24.64	23.63	15.4
Short-Term Debt	34.48	32.42	41.1	21.17	15.85	12.85
Current Portion of Long-Term Debt	-	16.21	11.1	12.43	8.35	2.9
Current Portion of Leases	6.62	6.36	6.65	5.88	4.48	3.84
Current Unearned Revenue	-	23.45	23.24	18.09	14.56	9.91
Other Current Liabilities	96.82	31.53	32	26.04	19.68	16.79
Total Current Liabilities	171.46	182.36	158.42	123.55	92.14	64.82
Long-Term Debt	38.44	43.01	22.63	30.28	28.23	10.74
Long-Term Leases	21.6	23.27	24.91	26.93	17.39	15.79
Long-Term Deferred Tax Liabilities	1.44	1.87	1.59	1.52	0.37	0.19
Other Long-Term Liabilities	0.4	3.32	6.03	12.12	7.14	1.59
Total Liabilities	234.43	254.82	214.5	195.35	146.43	93.79
Common Stock	2.13	2.13	2.13	2.13	2.13	2.13
Additional Paid-In Capital	37.54	37.54	37.54	37.54	37.54	37.54
Retained Earnings	43.48	44.55	35.02	27.91	19.98	10.55
Comprehensive Income & Other	-7.32	-7.32	-7.42	-7.26	-3.48	-3.8
Total Common Equity	75.82	76.89	67.26	60.31	56.16	46.41
Minority Interest	7.39	6.91	6.3	7.3	2.56	2.15
Shareholders' Equity	83.21	83.81	73.56	67.61	58.73	48.57
Total Liabilities & Equity	317.64	338.62	288.06	262.96	205.15	142.35
Total Debt	101.14	121.28	106.39	96.68	74.29	46.12
Net Cash (Debt)	-74.2	-80.61	-74.38	-79.73	-59.55	-27.06
Net Cash Per Share	-3.51	-3.80	-3.51	-3.76	-2.81	-1.28
Filing Date Shares Outstanding	21.1	21.19	21.19	21.19	21.19	21.19
Total Common Shares Outstanding	21.1	21.19	21.19	21.19	21.19	21.19
Working Capital	-10.01	5.91	-13.79	-5.43	0.36	12.6
Book Value Per Share	3.59	3.63	3.17	2.85	2.68	2.19
Tangible Book Value	-38.36	-29	-32.61	-40.23	-23.06	6.49
Tangible Book Value Per Share	-1.82	-1.37	-1.54	-1.90	-1.10	0.31
Machinery	-	11.92	9.99	8.95	7.2	5.24
Leasehold Improvements	-	1.65	1.55	1.32	1.12	1.11

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