Merlin Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Cash & Equivalents	183.55	59.34	2.11
Short-Term Investments	0.32	0.33	-
Cash & Short-Term Investments	183.87	59.67	2.11
Cash Growth	-	2731.72%	-
Accounts Receivable	1.76	0.37	-
Other Current Assets	5.39	10.89	0.2
Total Current Assets	191.02	70.93	2.31
Net Property, Plant & Equipment	13.28	8.09	-
Long-Term Investments	-	-	251.76
Other Long-Term Assets	2.68	1.56	0.15
Total Assets	206.98	80.58	254.22
Accounts Payable	5.88	3.15	-
Accrued Expenses	6	7.94	0.08
Short-Term Debt	-	29.11	-
Current Portion of Long-Term Debt	-	19.27	-
Current Portion of Leases	0.94	0.66	-
Unearned Revenue	0.04	-	-
Other Current Liabilities	0.16	4.17	1
Total Current Liabilities	13.02	64.3	1.08
Long-Term Debt	-	12.78	-
Long-Term Leases	1.25	0.33	-
Other Long-Term Liabilities	130.14	76.77	8.75
Total Long-Term Liabilities	131.39	89.88	8.75
Total Liabilities	144.41	154.18	9.83
Common Stock	0.01	0.01	0
Additional Paid-in Capital	599.96	477.45	-
Retained Earnings	-699.9	-551.05	-7.37
Total Common Shareholders' Equity	-99.93	-73.6	-7.37
Minority Interest	162.5	-	251.76
Shareholders' Equity	62.57	-73.6	244.39
Total Liabilities & Equity	206.98	80.58	254.22
Total Debt	2.19	62.15	0
Net Cash (Debt)	181.68	-2.48	2.11
Net Cash Growth	-	-	-
Net Cash Per Share	3.37	-0.10	0.28
Book Value	-99.93	-73.6	-7.37
Book Value Per Share	-1.86	-2.89	-0.98
Tangible Book Value	-99.93	-73.6	-7.37
Tangible Book Value Per Share	-1.86	-2.89	-0.98