Merlin, Inc. (MRLN)

Merlin Balance Sheet

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

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec 31, 2025	Dec 31, 2024
Cash & Equivalents	0.7	2.11
Cash & Short-Term Investments	0.7	2.11
Cash Growth	-66.61%	-
Other Current Assets	0.21	0.2
Total Current Assets	0.91	2.31
Long-Term Investments	262.24	251.76
Other Long-Term Assets	-	0.15
Total Assets	263.15	254.22
Accrued Expenses	2.33	0.08
Other Current Liabilities	1	1
Total Current Liabilities	3.33	1.08
Other Long-Term Liabilities	8.75	8.75
Total Long-Term Liabilities	8.75	8.75
Total Liabilities	12.08	9.83
Common Stock	0	0
Retained Earnings	-11.17	-7.37
Total Common Shareholders' Equity	-11.17	-7.37
Minority Interest	262.24	251.76
Shareholders' Equity	251.07	244.39
Total Liabilities & Equity	263.15	254.22
Net Cash (Debt)	0.7	2.11
Net Cash Growth	-66.61%	-
Net Cash Per Share	0.03	0.24
Book Value	-11.17	-7.37
Book Value Per Share	-0.44	-0.84
Tangible Book Value	-11.17	-7.37
Tangible Book Value Per Share	-0.44	-0.84

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.