Bullish Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	87.89	31.54	112.9	1,384	1,235
Short-Term Investments	404.14	-	-	-	-
Trading Asset Securities	-	86.17	1.1	-	-
Cash & Short-Term Investments	492.04	117.71	114	1,384	1,235
Cash Growth	318.00%	3.25%	-91.76%	12.05%	415.83%
Accounts Receivable	-	9.48	2.65	-	-
Other Receivables	-	3.11	4.17	3.87	0.01
Receivables	-	12.59	6.82	87.46	0.01
Inventory	206.18	-	-	1,658	6,157
Prepaid Expenses	-	8.62	9.48	6.74	5.54
Restricted Cash	36.88	22.28	14.86	13.49	12.68
Other Current Assets	3,069	2,751	1,561	227.99	33.56
Total Current Assets	3,804	2,912	1,706	3,378	7,444
Property, Plant & Equipment	28.37	14.12	13.86	17.32	8.27
Goodwill	63.06	61.48	40.24	-	-
Other Intangible Assets	31.1	33.3	34.94	1.34	1.34
Long-Term Accounts Receivable	-	0.82	-	-	-
Long-Term Deferred Tax Assets	2.87	2.09	3.7	5.18	1.82
Other Long-Term Assets	27.04	23.23	5.92	4.72	0.27
Total Assets	3,957	3,047	1,805	3,406	7,455
Accounts Payable	-	-	-	7.72	58.01
Accrued Expenses	-	32.99	20.63	-	-
Short-Term Debt	49.98	25	-	-	-
Current Portion of Long-Term Debt	0.33	-	-	1,283	-
Current Portion of Leases	5.52	4.25	3.82	3.22	0.96
Current Income Taxes Payable	-	1.71	1.25	0.27	2.04
Current Unearned Revenue	-	9.5	4.57	-	-
Other Current Liabilities	74.07	11.61	7.48	217.99	111.41
Total Current Liabilities	129.91	85.05	37.74	1,512	172.42
Long-Term Debt	510.87	550.94	476.79	-	1,166
Long-Term Leases	14.38	10.76	7.67	10.91	5.54
Long-Term Deferred Tax Liabilities	0.02	0.01	0.03	0.04	0.01
Other Long-Term Liabilities	3	-	-	0.15	-
Total Liabilities	658.18	646.75	522.23	1,523	1,344
Common Stock	5,110	3,822	3,787	3,787	3,787
Retained Earnings	-2,656	-2,309	-2,667	-2,213	2,033
Comprehensive Income & Other	774.22	858.8	142.74	62.58	44.8
Total Common Equity	3,228	2,371	1,263	1,637	5,865
Minority Interest	70.37	10.98	0.85	-	-
Shareholders' Equity	3,298	2,401	1,282	1,883	6,111
Total Liabilities & Equity	3,957	3,047	1,805	3,406	7,455
Total Debt	581.09	590.94	488.28	1,297	1,173
Net Cash (Debt)	-89.05	-473.23	-374.28	86.49	61.95
Net Cash Growth	-	-	-	39.61%	-
Net Cash Per Share	-0.70	-4.10	-3.06	0.77	0.55
Filing Date Shares Outstanding	150.92	113.21	112.5	112.5	112.5
Total Common Shares Outstanding	150.92	113.21	112.5	112.5	112.5
Working Capital	3,674	2,827	1,668	1,865	7,271
Book Value Per Share	21.39	20.94	11.23	14.55	52.13
Tangible Book Value	3,134	2,277	1,188	1,636	5,864
Tangible Book Value Per Share	20.76	20.11	10.56	14.54	52.12
Machinery	-	5.11	4.73	3.96	1.38
Leasehold Improvements	-	1.72	1.71	1.34	0.69

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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