Tera Light 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	91.71	138.04	2.95	62.27	54.86	167.98
Short-Term Investments	25.83	-	13.43	12.12	2.06	-
Trading Asset Securities	-	25.13	50.96	52	-	0.08
Cash & Short-Term Investments	117.53	163.16	67.34	126.39	56.92	168.06
Cash Growth	67.14%	142.29%	-46.72%	122.06%	-66.13%	270.53%
Accounts Receivable	11.42	9.39	3.21	81.71	53.77	21.78
Other Receivables	45.86	27.43	12.09	15.69	19.78	12.91
Receivables	57.28	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	46.53	23.22	171.35	66.11	10.88	0.14
Total Current Assets	221.37	225.3	254.55	294.74	142.39	203.41
Property, Plant & Equipment	1,104	1,058	944.44	798.96	380.93	217.57
Long-Term Investments	28.68	29.26	30.31	38.19	35.93	51.8
Goodwill	-	12.93	12.93	20.87	20.87	14.54
Other Intangible Assets	13.6	0.68	0.86	0.42	0.5	0.25
Long-Term Deferred Tax Assets	20.83	21.34	11.69	6.9	5.95	4
Other Long-Term Assets	59.74	76.45	10.14	8.99	0.72	0.1
Total Assets	1,449	1,424	1,265	1,169	587.29	491.66
Accounts Payable	26.4	41.13	11.83	28.13	32.24	21.69
Accrued Expenses	0.36	5.89	10.95	9.64	12.92	7.14
Short-Term Debt	40.57	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	4.05	4.21	5.32	3.34	1.46	0.81
Current Income Taxes Payable	0.55	0.54	2.23	2.74	1.73	-
Current Unearned Revenue	-	-	-	0.16	0.16	0.82
Other Current Liabilities	14.16	14.49	62.43	0.93	0.35	15.84
Total Current Liabilities	86.1	99.68	177.77	82.41	60.8	49.86
Long-Term Debt	795.91	754.55	630.17	579.7	77.85	21.71
Long-Term Leases	94.96	96.03	85.04	81	68.38	16.86
Pension & Post-Retirement Benefits	-	-	-	0.06	0.07	-
Long-Term Deferred Tax Liabilities	5.95	7.85	-	-	-	-
Other Long-Term Liabilities	1.4	1.4	2.61	1.86	12.23	39.46
Total Liabilities	984.32	959.51	895.59	745.03	219.34	127.89
Common Stock	233	233	153	112.72	112.64	-
Retained Earnings	-86.2	-83.78	-77.01	-36.59	-25.22	-15.76
Comprehensive Income & Other	264.65	261.9	260.63	269.07	264.87	373.36
Total Common Equity	411.45	411.13	336.63	345.2	352.29	357.6
Minority Interest	52.83	53.6	32.71	78.84	15.66	6.17
Shareholders' Equity	464.28	464.73	369.33	424.03	367.95	363.77
Total Liabilities & Equity	1,449	1,424	1,265	1,169	587.29	491.66
Total Debt	935.49	888.21	805.56	701.51	159.64	42.94
Net Cash (Debt)	-817.96	-725.05	-738.22	-575.12	-102.73	125.13
Net Cash Growth	-	-	-	-	-	181.77%
Net Cash Per Share	-17.47	-17.14	-13.15	-8.09	-1.41	2.01
Filing Date Shares Outstanding	60.6	78.79	73.1	72.76	72.73	72.73
Total Common Shares Outstanding	60.6	78.79	73.1	72.76	72.73	72.73
Working Capital	135.27	125.63	76.78	212.33	81.59	153.55
Book Value Per Share	6.79	5.22	4.61	4.74	4.84	4.92
Tangible Book Value	397.85	397.52	322.84	323.91	330.92	342.81
Tangible Book Value Per Share	6.57	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