Adamas Trust 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	185.29	167.42	187.11	244.72	289.6	293.18
Long-Term Investments	6,868	3,942	2,161	279.31	440.48	983.82
Trading Asset Securities	2.61	0.06	6.51	2.47	-	-
Loans & Lease Receivables	4,220	3,928	3,180	3,613	3,696	3,213
Other Receivables	148.57	151.2	64.86	60.8	69.83	2.4
Property, Plant & Equipment	595.79	621.97	1,138	700.8	1,027	60.63
Goodwill	22.4	-	-	-	-	-
Other Intangible Assets	39.78	21	2.38	-	39.77	1.39
Restricted Cash	112.43	161.6	143.54	136.22	48.26	11.31
Other Current Assets	15.97	136	444.35	1,166	14.14	-
Long-Term Deferred Tax Assets	9.37	10.86	4.51	2.67	6.28	1.78
Other Long-Term Assets	76.79	77.2	68.65	35.38	27.73	88.32
Total Assets	12,402	9,217	7,401	6,241	5,658	4,656
Accrued Expenses	86.01	62.78	56.97	36.72	45.04	-
Short-Term Debt	0.12	-	-	-	-	-
Long-Term Debt	10,826	7,561	5,269	3,377	3,065	2,246
Long-Term Leases	4.97	5.94	7.1	8.38	9.58	10.6
Long-Term Unearned Revenue	6.98	5.82	5.47	7.13	13.02	-
Other Current Liabilities	49.29	135.48	418.18	933.81	48.33	-
Long-Term Deferred Tax Liabilities	7.8	9.28	2.01	0.39	6.68	0
Other Long-Term Liabilities	16.27	25.38	14.32	13.37	38.43	91.14
Total Liabilities	10,997	7,806	5,773	4,377	3,227	2,348
Common Stock	0.9	0.91	0.91	0.91	3.79	3.78
Additional Paid-In Capital	2,279	2,289	2,297	2,283	2,357	2,343
Retained Earnings	-1,430	-1,431	-1,254	-1,053	-559.34	-551.27
Comprehensive Income & Other	-	-	-0	-1.97	1.78	0.99
Total Common Equity	850.31	859.28	1,044	1,229	1,803	1,796
Minority Interest	14	16.41	48.51	96.9	90.75	6.37
Shareholders' Equity	1,405	1,411	1,628	1,864	2,432	2,308
Total Liabilities & Equity	12,402	9,217	7,401	6,241	5,658	4,656
Total Debt	10,831	7,567	5,276	3,385	3,075	2,257
Net Cash (Debt)	-10,643	-7,400	-5,083	-3,138	-2,785	-1,964
Net Cash Per Share	-116.75	-81.48	-55.83	-33.27	-29.25	-21.17
Filing Date Shares Outstanding	90.31	90.57	91.23	91.41	95.32	94.87
Total Common Shares Outstanding	90.31	90.57	90.68	91.19	94.85	94.44
Working Capital	4,655	4,346	3,551	4,252	4,024	3,520
Book Value Per Share	9.42	9.49	11.52	13.48	19.01	19.02
Tangible Book Value	810.03	859.28	1,042	1,229	1,763	1,795
Tangible Book Value Per Share	8.97	9.49	11.49	13.48	18.59	19.01

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.