Top Group Software Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	50.41	43.31	40.3	31.58	16.45	13.82
Short-Term Investments	0.03	0.2	0.37	0.44	0.5	0.92
Cash & Short-Term Investments	50.44	43.5	40.67	32.01	16.95	14.74
Cash Growth	53.18%	6.96%	27.05%	88.89%	14.96%	-22.69%
Accounts Receivable	122.63	118.78	135.71	102.61	94.46	72.72
Other Receivables	11.62	3.36	4.47	2.48	1.57	1.24
Receivables	134.26	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	184.7	174.76	188.26	144.63	118.11	92.5
Property, Plant & Equipment	26.54	28.27	32	33.29	34.95	23.8
Goodwill	-	99.34	89.42	86.3	86.3	68.76
Other Intangible Assets	131.14	16.49	16.48	13.57	14.24	10.46
Long-Term Accounts Receivable	-	-	-	-	0.41	0.64
Long-Term Deferred Tax Assets	11.05	10.66	10.34	7.18	4.45	4.04
Other Long-Term Assets	1.31	0.4	0.42	0.4	0.47	0.32
Total Assets	355.21	330.65	338.62	288.06	262.96	205.15
Accounts Payable	36.36	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	41.47	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	6.49	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	108.58	39.9	31.53	32	26.04	19.68
Total Current Liabilities	192.89	173.98	182.36	158.42	123.55	92.14
Long-Term Debt	42.47	39.88	43.01	22.63	30.28	28.23
Long-Term Leases	19.04	20.51	23.27	24.91	26.93	17.39
Pension & Post-Retirement Benefits	1.33	1.28	0.98	0.93	0.97	1.16
Long-Term Deferred Tax Liabilities	2.26	1.21	1.87	1.59	1.52	0.37
Other Long-Term Liabilities	0.9	0.41	3.32	6.03	12.12	7.14
Total Liabilities	258.88	237.27	254.82	214.5	195.35	146.43
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	48.22	53.15	44.55	35.02	27.91	19.98
Comprehensive Income & Other	-7.36	-7.36	-7.32	-7.42	-7.26	-3.48
Total Common Equity	80.52	85.45	76.89	67.26	60.31	56.16
Minority Interest	15.81	7.94	6.91	6.3	7.3	2.56
Shareholders' Equity	96.33	93.39	83.81	73.56	67.61	58.73
Total Liabilities & Equity	355.21	330.65	338.62	288.06	262.96	205.15
Total Debt	109.47	106.22	121.28	106.39	96.68	74.29
Net Cash (Debt)	-59.03	-62.72	-80.61	-74.38	-79.73	-59.55
Net Cash Per Share	-2.78	-2.96	-3.80	-3.51	-3.76	-2.81
Filing Date Shares Outstanding	21.9	21.19	21.19	21.19	21.19	21.19
Total Common Shares Outstanding	21.9	21.19	21.19	21.19	21.19	21.19
Working Capital	-8.2	0.78	5.91	-13.79	-5.43	0.36
Book Value Per Share	3.68	4.03	3.63	3.17	2.85	2.68
Tangible Book Value	-50.62	-30.38	-29	-32.61	-40.23	-23.06
Tangible Book Value Per Share	-2.31	-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