Tera Light Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	101.93	138.04	2.95	62.27	54.86	167.98
Short-Term Investments	26.56	-	13.43	12.12	2.06	-
Trading Asset Securities	-	25.13	50.96	52	-	0.08
Cash & Short-Term Investments	128.49	163.16	67.34	126.39	56.92	168.06
Cash Growth	159.67%	142.29%	-46.72%	122.06%	-66.13%	270.53%
Accounts Receivable	57.47	9.39	3.21	81.71	53.77	21.78
Other Receivables	0.24	27.43	12.09	15.69	19.78	12.91
Receivables	57.72	36.82	15.3	97.4	73.55	34.69
Inventory	0.03	0.03	0.03	4.56	0.21	-
Prepaid Expenses	-	2.08	0.53	0.28	0.83	0.52
Other Current Assets	47.72	23.22	171.35	66.11	10.88	0.14
Total Current Assets	233.95	225.3	254.55	294.74	142.39	203.41
Property, Plant & Equipment	1,206	1,058	944.44	798.96	380.93	217.57
Long-Term Investments	23.33	29.26	30.31	38.19	35.93	51.8
Goodwill	-	12.93	12.93	20.87	20.87	14.54
Other Intangible Assets	13.59	0.68	0.86	0.42	0.5	0.25
Long-Term Deferred Tax Assets	22.5	21.34	11.69	6.9	5.95	4
Other Long-Term Assets	56.59	76.45	10.14	8.99	0.72	0.1
Total Assets	1,556	1,424	1,265	1,169	587.29	491.66

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	65.98	41.13	11.83	28.13	32.24	21.69
Accrued Expenses	0.54	5.89	10.95	9.64	12.92	7.14
Short-Term Debt	54.29	7.98	59.37	14.51	4.35	3.56
Current Portion of Long-Term Debt	-	25.43	25.65	22.97	7.59	-
Current Portion of Leases	4.51	4.21	5.32	3.34	1.46	0.81
Current Income Taxes Payable	0.17	0.54	2.23	2.74	1.73	-
Current Unearned Revenue	-	-	-	0.16	0.16	0.82
Other Current Liabilities	11.86	14.49	62.43	0.93	0.35	15.84
Total Current Liabilities	137.35	99.68	177.77	82.41	60.8	49.86
Long-Term Debt	858.52	754.55	630.17	579.7	77.85	21.71
Long-Term Leases	95.88	96.03	85.04	81	68.38	16.86
Pension & Post-Retirement Benefits	-	-	-	0.06	0.07	-
Long-Term Deferred Tax Liabilities	5.13	7.85	-	-	-	-
Other Long-Term Liabilities	1.4	1.4	2.61	1.86	12.23	39.46
Total Liabilities	1,098	959.51	895.59	745.03	219.34	127.89

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	233.37	233	153	112.72	112.64	-
Retained Earnings	-90.14	-83.78	-77.01	-36.59	-25.22	-15.76
Comprehensive Income & Other	262.63	261.9	260.63	269.07	264.87	373.36
Total Common Equity	405.85	411.13	336.63	345.2	352.29	357.6
Minority Interest	51.48	53.6	32.71	78.84	15.66	6.17
Shareholders' Equity	457.33	464.73	369.33	424.03	367.95	363.77
Total Liabilities & Equity	1,556	1,424	1,265	1,169	587.29	491.66

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,013	888.21	805.56	701.51	159.64	42.94
Net Cash (Debt)	-884.72	-725.05	-738.22	-575.12	-102.73	125.13
Net Cash Growth	-	-	-	-	-	181.77%
Net Cash Per Share	-17.96	-17.14	-13.15	-8.09	-1.41	2.01
Filing Date Shares Outstanding	65.72	78.79	73.1	72.76	72.73	72.73
Total Common Shares Outstanding	65.72	78.79	73.1	72.76	72.73	72.73
Working Capital	96.6	125.63	76.78	212.33	81.59	153.55
Book Value Per Share	6.18	5.22	4.61	4.74	4.84	4.92
Tangible Book Value	392.26	397.52	322.84	323.91	330.92	342.81
Tangible Book Value Per Share	5.97	5.05	4.42	4.45	4.55	4.71
Machinery	-	0.96	0.78	5.64	5.33	1.63
Construction In Progress	-	970.87	865.17	715.6	307.26	199.56
Leasehold Improvements	-	0.03	0.03	1.43	1.31	0.33