Keel Infrastructure Corp. (KEEL)

Keel Infrastructure Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	573.46	59.54	84.04	30.89	125.6
Cash & Short-Term Investments	573.46	59.54	84.04	30.89	125.6
Cash Growth	863.12%	-29.15%	172.08%	-75.41%	2011.91%
Accounts Receivable	5.47	1.26	0.71	0.7	1.04
Other Receivables	2.83	4.28	1.49	16.07	2.68
Receivables	8.3	5.54	2.21	16.77	3.72
Inventory	8.68	1.14	0.71	0.59	0.55
Other Current Assets	236.03	147.52	43.03	20.85	157.27
Total Current Assets	826.47	213.74	129.98	69.09	287.13
Property, Plant & Equipment	371.56	260.84	200.33	235.79	146.25
Long-Term Investments	1.25	-	-	-	-
Goodwill	-	-	-	-	16.96
Other Intangible Assets	2.98	4.64	3.7	0.03	1.68
Long-Term Deferred Tax Assets	-	-	-	-	3.9
Long-Term Deferred Charges	1.67	-	-	-	-
Other Long-Term Assets	92.41	183.93	44.71	38.19	86.68
Total Assets	1,296	663.13	378.73	343.1	542.59
Accounts Payable	16.27	8.23	9.08	12.9	9.87
Accrued Expenses	18.7	13.83	-	-	-
Short-Term Debt	-	-	-	-	60
Current Portion of Long-Term Debt	97.02	0.15	4.02	43.05	10.26
Current Portion of Leases	1.73	2.09	2.86	3.65	4.35
Current Income Taxes Payable	-	-	1.11	-	12.09
Other Current Liabilities	14.39	3.86	52.09	7.81	4.61
Total Current Liabilities	148.11	28.16	69.15	67.41	101.18
Long-Term Debt	572.45	1.43	-	4.09	0.91
Long-Term Leases	12.58	19.75	12.99	14.22	9.23
Long-Term Deferred Tax Liabilities	0.07	0.07	-	-	8.45
Other Long-Term Liabilities	2.76	2.59	1.82	1.98	0.24
Total Liabilities	735.97	51.99	83.96	87.7	120.01
Common Stock	1,065	837.76	535.01	404.93	378.89
Additional Paid-In Capital	108.28	101.32	56.62	47.65	43.7
Retained Earnings	-612.48	-327.94	-299.81	-197.19	-0.02
Comprehensive Income & Other	-	-	2.94	-	-
Total Common Equity	560.38	611.15	294.76	255.4	422.58
Shareholders' Equity	560.38	611.15	294.76	255.4	422.58
Total Liabilities & Equity	1,296	663.13	378.73	343.1	542.59
Total Debt	683.78	23.42	19.87	65.01	84.74
Net Cash (Debt)	-110.32	36.13	64.17	-34.12	40.85
Net Cash Growth	-	-43.70%	-	-	-
Net Cash Per Share	-0.20	0.09	0.24	-0.16	0.24
Filing Date Shares Outstanding	602.85	553.64	339.27	238.39	201.25
Total Common Shares Outstanding	601.58	479.33	334.15	224.2	194.81
Working Capital	678.35	185.58	60.83	1.68	185.95
Book Value Per Share	0.93	1.27	0.88	1.14	2.17
Tangible Book Value	557.39	606.51	291.06	255.37	403.95
Tangible Book Value Per Share	0.93	1.27	0.87	1.14	2.07
Land	63.89	5.04	5.74	4.39	4.55
Machinery	469.68	337.1	356.07	309.29	157.19
Leasehold Improvements	14.54	59.45	50.73	45.28	5.78

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