IAR S.A. Balance Sheet

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
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	2015 - 2019
Cash & Equivalents	16.72	5.03	18.13	258.29	45.3	9.77	Upgrade
Short-Term Investments	-	14.83	67.51	-	-	-	Upgrade
Cash & Short-Term Investments	16.72	19.86	85.64	258.29	45.3	9.77	Upgrade
Cash Growth	-81.49%	-76.81%	-66.84%	470.13%	363.58%	11.42%	Upgrade
Accounts Receivable	101.72	170.35	115.91	39.4	46.55	25.82	Upgrade
Other Receivables	-	13.09	9.68	0.67	2.06	10.06	Upgrade
Receivables	101.72	183.45	125.58	40.06	48.61	35.88	Upgrade
Inventory	450.83	489.23	294.42	256.83	222.84	211.07	Upgrade
Other Current Assets	-	-	-	-	-	0	Upgrade
Total Current Assets	569.27	692.54	505.65	555.19	316.75	256.73	Upgrade
Property, Plant & Equipment	116.13	106.17	102.05	95.35	85.37	74.29	Upgrade
Long-Term Investments	5.43	5.43	5.43	5.43	5.43	5.43	Upgrade
Other Intangible Assets	0.01	0.02	0.02	0.03	0.43	0.62	Upgrade
Other Long-Term Assets	0.14	3.81	2.15	1.29	1.37	3.6	Upgrade
Total Assets	690.98	807.97	615.3	657.29	409.35	340.66	Upgrade
Accounts Payable	21.26	25.28	22.56	14.41	31.37	19.08	Upgrade
Accrued Expenses	4.26	-	-	-	-	-	Upgrade
Short-Term Debt	-	-	-	42.73	73.02	45.94	Upgrade
Current Unearned Revenue	0.74	0	213.73	250.78	14.86	0.02	Upgrade
Other Current Liabilities	15.76	8.41	17.5	48.34	11.59	10.79	Upgrade
Total Current Liabilities	42.01	33.69	253.79	356.26	130.84	75.82	Upgrade
Long-Term Unearned Revenue	-	399.9	0.75	0	0.03	0.05	Upgrade
Pension & Post-Retirement Benefits	-	9.45	6.45	5.06	5.94	6.79	Upgrade
Other Long-Term Liabilities	366.64	97.81	107.02	67.45	52.72	53.95	Upgrade
Total Liabilities	408.66	540.85	368.02	428.76	189.53	136.61	Upgrade
Common Stock	47.2	47.2	47.2	47.2	47.2	47.2	Upgrade
Retained Earnings	38.44	47.74	40.16	27.15	37.42	47.08	Upgrade
Treasury Stock	-6.71	-6.71	-6.71	-6.71	-6.71	-6.71	Upgrade
Comprehensive Income & Other	203.4	178.89	166.63	160.88	141.9	116.48	Upgrade
Shareholders' Equity	282.33	267.12	247.28	228.53	219.81	204.05	Upgrade
Total Liabilities & Equity	690.98	807.97	615.3	657.29	409.35	340.66	Upgrade
Total Debt	-	-	-	42.73	73.02	45.94	Upgrade
Net Cash (Debt)	16.72	19.86	85.64	215.56	-27.72	-36.16	Upgrade
Net Cash Growth	-81.49%	-76.81%	-60.27%	-	-	-	Upgrade
Net Cash Per Share	0.91	1.09	4.69	11.79	-1.52	-1.98	Upgrade
Filing Date Shares Outstanding	18.28	18.28	18.28	18.28	18.28	18.28	Upgrade
Total Common Shares Outstanding	18.28	18.28	18.28	18.28	18.28	18.28	Upgrade
Working Capital	527.26	658.86	251.86	198.93	185.91	180.91	Upgrade
Book Value Per Share	15.45	14.61	13.53	12.50	12.03	11.16	Upgrade
Tangible Book Value	282.31	267.11	247.26	228.49	219.39	203.43	Upgrade
Tangible Book Value Per Share	15.44	14.61	13.53	12.50	12.00	11.13	Upgrade
Land	27.66	27.66	27.66	27.66	27.66	27.66	Upgrade
Buildings	44.09	44.07	44.07	44.04	42.83	42.83	Upgrade
Machinery	31.23	25.9	24.53	23.55	19.08	17.78	Upgrade
Construction In Progress	54.19	46.65	40.2	31.97	23.98	11.58	Upgrade

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