Ionik Balance Sheet

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

Millions USD. 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	Sep '21 Sep 30, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	6.03	14.57	7.4	7.8	2.04	18.1
Cash & Short-Term Investments	6.03	14.57	7.4	7.8	2.04	18.1
Cash Growth	-60.63%	96.93%	-5.12%	281.73%	-88.72%	1507.02%
Accounts Receivable	36.31	38.83	29.01	15.42	7.43	1.14
Other Receivables	-	-	-	-	-	0.55
Receivables	36.31	38.83	29.01	15.42	7.43	1.68
Prepaid Expenses	0.72	1.15	1.18	0.74	0.16	0.3
Other Current Assets	2.51	1.41	10.44	0.36	-	-
Total Current Assets	45.58	55.94	48.02	24.31	9.64	20.08
Property, Plant & Equipment	0.43	0.74	0.82	0.7	0.31	0.32
Goodwill	51.27	51.27	25.59	44.55	27.58	0.01
Other Intangible Assets	78.02	91.66	61.32	52.28	28.35	5.12
Long-Term Accounts Receivable	-	-	-	-	-	0.1
Long-Term Deferred Tax Assets	6.78	5.65	2	1.53	-	0.07
Other Long-Term Assets	0.64	0.98	1.77	1.12	0.02	0.24
Total Assets	182.72	206.24	139.51	124.49	65.89	25.93
Accounts Payable	35.06	43.49	25.01	7.61	3.3	0.87
Accrued Expenses	7.1	11.46	9.28	10.14	1.86	-
Short-Term Debt	-	-	-	-	1.3	-
Current Portion of Long-Term Debt	75.79	21.35	11.14	7.85	21.37	1.2
Current Portion of Leases	0.57	0.22	0.58	0.39	0.12	0.21
Current Income Taxes Payable	2.92	0.43	4.86	-	0.32	0.04
Current Unearned Revenue	0.24	0.39	2.87	2.06	0.05	0.91
Other Current Liabilities	8.44	2.39	1.66	1.07	1.8	4.65
Total Current Liabilities	130.12	79.72	55.39	29.11	30.12	7.88
Long-Term Debt	44.32	109.8	81.94	39.56	4.27	4.83
Long-Term Leases	0.44	1.01	0.72	0.15	0.17	0.11
Long-Term Unearned Revenue	-	-	0.21	0.16	-	-
Pension & Post-Retirement Benefits	-	-	-	0.33	-	0.59
Long-Term Deferred Tax Liabilities	2.32	3.4	0.35	2.44	2.81	-
Other Long-Term Liabilities	33.01	32.5	-	0.84	-	-
Total Liabilities	210.2	226.43	138.6	72.59	37.37	13.41
Common Stock	88.51	86.15	83.83	73.72	28.55	24.58
Additional Paid-In Capital	4.18	4.23	3.8	2.12	-	-
Retained Earnings	-120.42	-112.49	-87.05	-23.98	-0.12	-13.22
Comprehensive Income & Other	0.24	1.91	0.32	0.05	0.09	1.17
Shareholders' Equity	-27.48	-20.19	0.91	51.9	28.52	12.52
Total Liabilities & Equity	182.72	206.24	139.51	124.49	65.89	25.93
Total Debt	121.12	132.38	94.37	47.95	27.23	6.35
Net Cash (Debt)	-115.08	-117.81	-86.98	-40.15	-25.18	11.74
Net Cash Per Share	-0.34	-0.41	-0.31	-0.19	-0.19	0.25
Filing Date Shares Outstanding	357.59	323.5	286.36	282.12	2.88	47.82
Total Common Shares Outstanding	356.55	323.5	284.73	275.27	2.88	47.82
Working Capital	-84.54	-23.78	-7.37	-4.8	-20.48	12.2
Book Value Per Share	-0.08	-0.06	0.00	0.19	9.89	0.26
Tangible Book Value	-156.77	-163.12	-86	-44.93	-27.41	7.39
Tangible Book Value Per Share	-0.44	-0.50	-0.30	-0.16	-9.51	0.15
Machinery	-	-	-	0.34	0.05	0.31
Leasehold Improvements	-	-	-	-	-	0.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.