Zephyrus Wing Energies Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	184.65	112.69	109.66	152.37	40.73	21.96
Short-Term Investments	0.02	10.21	-	-	-	-
Trading Asset Securities	77.07	21.08	21.94	28.19	48.65	-
Accounts Receivable	3.82	3.23	21.27	35.96	29.18	19.46
Other Receivables	30.38	7.96	10.56	6.46	4.15	0.06
Prepaid Expenses	-	3.66	3.49	3.81	-	1.32
Other Current Assets	-	-	14.41	-	4.5	-
Total Current Assets	295.93	158.83	181.33	226.78	127.21	42.81
Property, Plant & Equipment	1,199	1,134	1,211	1,063	908	979.13
Long-Term Investments	31.27	48.32	47.79	87.55	-	-
Long-Term Deferred Tax Assets	2.18	-	3.31	69.3	53.21	7.82
Other Long-Term Assets	174.45	151.77	120.01	53.64	25.59	28.28
Total Assets	1,703	1,493	1,564	1,500	1,114	1,058
Accounts Payable	9.75	11.61	2.31	10.1	8.16	3.01
Accrued Expenses	-	6.97	3.25	1.87	4.86	-
Current Portion of Long-Term Debt	83.56	61.11	59.73	154.04	647.54	49.85
Current Portion of Leases	12.08	9.35	8.56	7.31	6.22	5.19
Current Income Taxes Payable	-	-	-	-	-	1.55
Other Current Liabilities	55.69	44.05	60.84	159.94	122.03	7.89
Total Current Liabilities	161.08	133.1	134.69	333.27	788.81	67.49
Long-Term Debt	883.96	721.18	806.27	735.85	90.83	856.15
Long-Term Leases	108.05	83.61	76.24	65.35	53.98	51.11
Long-Term Deferred Tax Liabilities	4.64	3.26	-	-	-	-
Other Long-Term Liabilities	68.99	72.01	132.5	349.18	172.32	12.76
Total Liabilities	1,227	1,013	1,150	1,484	1,106	987.5
Common Stock	731.8	731.8	731.8	610.11	503.46	269.79
Retained Earnings	98.87	115.13	32.72	-264.9	-202.14	-44.6
Comprehensive Income & Other	-354.44	-367.21	-350.53	-218.89	-202.31	-34.3
Total Common Equity	476.22	479.71	413.99	126.32	99.01	190.89
Minority Interest	-	-	-	-110	-90.93	-120.36
Shareholders' Equity	476.22	479.71	413.99	16.31	8.08	70.53
Total Liabilities & Equity	1,703	1,493	1,564	1,500	1,114	1,058
Total Debt	1,088	875.25	950.8	962.56	798.57	962.31
Net Cash (Debt)	-825.92	-731.27	-819.2	-782.01	-709.19	-940.34
Net Cash Per Share	-12.73	-11.25	-13.52	-17.00	-15.42	-20.44
Filing Date Shares Outstanding	64.59	65.02	65.02	46	56	46
Total Common Shares Outstanding	64.59	65.02	65.02	46	-	46
Working Capital	134.85	25.73	46.64	-106.49	-661.6	-24.68
Book Value Per Share	7.37	7.38	6.37	2.75	-	4.15
Tangible Book Value	476.22	479.71	413.99	126.32	99.01	190.89
Tangible Book Value Per Share	7.37	7.38	6.37	2.75	-	4.15
Machinery	-	1,232	1,280	901.26	839.36	937.58
Construction In Progress	-	13.58	4.57	178.67	59.23	4.23

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