Forward Industries Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	25.39	38.17	2.78	3.18	2.58	1.41
Cash & Short-Term Investments	25.39	38.17	2.78	3.18	2.58	1.41
Cash Growth	873.89%	1274.33%	-12.68%	23.49%	82.61%	-51.78%
Receivables	35.41	2.7	3.58	6.97	7.54	8.76
Inventory	-	-	-	0.33	0.67	2.38
Prepaid Expenses	2.15	0.36	0.38	0.38	0.4	0.24
Other Current Assets	-	-	2.91	0.51	3.15	-
Total Current Assets	62.95	41.22	9.65	11.37	14.34	12.79
Property, Plant & Equipment	2.29	2.43	2.81	3.3	3.67	3.91
Goodwill	-	-	1.56	1.76	1.76	1.76
Other Intangible Assets	-	-	0.68	0.89	1.11	1.32
Other Long-Term Assets	827.71	1,431	0.07	0.07	0.07	0.07
Total Assets	892.95	1,475	14.77	17.39	20.94	19.86
Accounts Payable	2	0.43	0.1	0.52	0.27	0.39
Accrued Expenses	0.44	0.27	0.37	1.16	8.66	6.1
Short-Term Debt	3.5	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	0.6	-	-	-
Current Portion of Leases	0.43	0.45	0.4	0.42	0.38	0.34
Current Unearned Revenue	0.72	0.29	0.4	0.3	0.44	0.19
Other Current Liabilities	0.31	1.28	7.49	8.45	0.23	0.19
Total Current Liabilities	10.08	2.72	9.37	10.84	9.98	7.21
Long-Term Debt	-	-	-	1.1	1.4	1.6
Long-Term Leases	2	2.09	2.43	2.83	3.25	3.56
Other Long-Term Liabilities	-	-	-	-	0.05	0.05
Total Liabilities	12.08	4.82	11.8	14.77	14.67	12.41
Common Stock	0.86	0.86	0.01	0.01	0.1	0.1
Additional Paid-In Capital	1,663	1,656	20.39	20.29	20.12	19.91
Retained Earnings	-772.26	-186.61	-19.64	-17.69	-13.95	-12.57
Comprehensive Income & Other	-	-	2.2	-	-	-
Shareholders' Equity	880.86	1,470	2.97	2.62	6.27	7.44
Total Liabilities & Equity	892.95	1,475	14.77	17.39	20.94	19.86
Total Debt	5.93	2.55	3.43	4.35	5.03	5.5
Net Cash (Debt)	19.46	35.62	-0.66	-1.17	-2.45	-4.09
Net Cash Per Share	0.62	5.25	-0.60	-1.06	-2.40	-3.92
Filing Date Shares Outstanding	83.14	86.46	1.1	1.01	1.01	1.01
Total Common Shares Outstanding	84.92	86.15	1.1	1.01	1.01	1.01
Working Capital	52.86	38.5	0.28	0.53	4.36	5.59
Book Value Per Share	10.37	17.07	2.69	2.60	6.23	7.40
Tangible Book Value	880.86	1,470	0.73	-0.04	3.4	4.37
Tangible Book Value Per Share	10.37	17.07	0.66	-0.04	3.38	4.34
Machinery	-	0.62	0.61	0.74	0.61	0.69

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