NREF Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	17.92	3.88	13.82	20.05	26.46	30.24
Long-Term Investments	325.17	105.24	114.58	110.59	58.46	44.63
Loans & Lease Receivables	4,760	5,104	6,693	7,713	8,281	6,053
Other Receivables	64.62	42.67	26.35	17.86	8.71	5.82
Restricted Cash	3.64	3.18	2.83	0.3	6.77	3.23
Other Long-Term Assets	106.64	156.82	167.76	292.1	132.09	38.98
Total Assets	5,278	5,416	7,018	8,154	8,514	6,176
Accounts Payable	11.89	9.46	6.43	6.23	3.9	1.78
Accrued Expenses	15.33	10.02	8.21	7.99	3.99	2.31
Short-Term Debt	257.61	309.87	303.51	331.02	286.32	161.47
Current Portion of Long-Term Debt	289.18	63.5	-	-	-	-
Long-Term Debt	3,929	4,452	6,255	7,264	7,713	5,607
Total Liabilities	4,503	4,844	6,573	7,609	8,007	5,772
Common Stock	0.18	0.17	0.17	0.17	0.09	0.05
Additional Paid-In Capital	390.8	387.89	395.74	392.12	222.3	138.04
Retained Earnings	-18.99	-54.95	-35.82	4.44	28.37	3.49
Total Common Equity	371.99	333.12	355.89	392.54	246.56	136.79
Minority Interest	97.4	89.51	89.57	161.03	268.69	275.67
Shareholders' Equity	774.98	571.69	445.51	545.01	506.71	403.91
Total Liabilities & Equity	5,278	5,416	7,018	8,154	8,514	6,176
Total Debt	4,476	4,825	6,558	7,595	7,999	5,768
Net Cash (Debt)	-4,458	-4,821	-6,544	-7,575	-7,973	-5,738
Net Cash Per Share	-130.79	-277.04	-380.51	-515.79	-391.48	-307.70
Filing Date Shares Outstanding	17.72	17.64	17.31	17.47	14.39	5.02
Total Common Shares Outstanding	17.72	17.46	17.23	17.08	9.16	5.02
Working Capital	4,272	4,761	6,418	7,406	8,029	5,927
Book Value Per Share	20.99	19.08	20.65	22.98	26.91	27.24
Tangible Book Value	371.99	333.12	355.89	392.54	246.56	136.79
Tangible Book Value Per Share	20.99	19.08	20.65	22.98	26.91	27.24

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q