Bullish 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	69.31	31.54	112.9	1,384	1,235	239.38
Trading Asset Securities	-	86.17	1.1	-	-	-
Cash & Short-Term Investments	445.15	117.71	114	1,384	1,235	239.38
Cash Growth	290.47%	3.25%	-91.76%	12.05%	415.83%	-
Accounts Receivable	20.16	9.48	2.65	-	-	-
Other Receivables	4.9	3.11	4.17	3.87	0.01	52.52
Receivables	25.07	12.59	6.82	87.46	0.01	52.52
Inventory	254.2	-	-	1,658	6,157	-
Prepaid Expenses	13.53	8.62	9.48	6.74	5.54	0.11
Restricted Cash	31.23	22.28	14.86	13.49	12.68	-
Other Current Assets	3,720	2,751	1,561	227.99	33.56	-
Total Current Assets	4,489	2,912	1,706	3,378	7,444	292
Property, Plant & Equipment	12.21	14.12	13.86	17.32	8.27	-
Goodwill	63.02	61.48	40.24	-	-	-
Other Intangible Assets	31.66	33.3	34.94	1.34	1.34	4,757
Long-Term Accounts Receivable	0.74	0.82	-	-	-	-
Long-Term Deferred Tax Assets	2.89	2.09	3.7	5.18	1.82	-
Other Long-Term Assets	23.47	23.23	5.92	4.72	0.27	0
Total Assets	4,623	3,047	1,805	3,406	7,455	5,049
Accounts Payable	-	-	-	7.72	58.01	27.97
Accrued Expenses	31.78	32.99	20.63	-	-	-
Short-Term Debt	50	25	-	-	-	-
Current Portion of Long-Term Debt	0.45	-	-	1,283	-	-
Current Portion of Leases	2.57	4.25	3.82	3.22	0.96	-
Current Income Taxes Payable	1.9	1.71	1.25	0.27	2.04	-
Current Unearned Revenue	7.97	9.5	4.57	-	-	-
Other Current Liabilities	21.11	11.61	7.48	217.99	111.41	0.15
Total Current Liabilities	115.77	85.05	37.74	1,512	172.42	28.12
Long-Term Debt	521.86	550.94	476.79	-	1,166	1,009
Long-Term Leases	7.7	10.76	7.67	10.91	5.54	-
Long-Term Deferred Tax Liabilities	-	0.01	0.03	0.04	0.01	-
Other Long-Term Liabilities	-	-	-	0.15	-	-
Total Liabilities	645.33	646.75	522.23	1,523	1,344	1,038
Common Stock	5,106	3,822	3,787	3,787	3,787	3,787
Retained Earnings	-2,290	-2,309	-2,667	-2,213	2,033	-19.84
Comprehensive Income & Other	1,102	858.8	142.74	62.58	44.8	-
Total Common Equity	3,917	2,371	1,263	1,637	5,865	3,767
Minority Interest	60.98	10.98	0.85	-	-	-
Shareholders' Equity	3,978	2,401	1,282	1,883	6,111	4,012
Total Liabilities & Equity	4,623	3,047	1,805	3,406	7,455	5,049
Total Debt	582.57	590.94	488.28	1,297	1,173	1,009
Net Cash (Debt)	-137.42	-473.23	-374.28	86.49	61.95	-770
Net Cash Growth	-	-	-	39.61%	-	-
Net Cash Per Share	-1.16	-4.10	-3.06	0.77	0.55	-479.01
Filing Date Shares Outstanding	150.68	113.21	112.5	112.5	112.5	112.5
Total Common Shares Outstanding	150.68	113.21	112.5	112.5	112.5	112.5
Working Capital	4,374	2,827	1,668	1,865	7,271	263.88
Book Value Per Share	26.00	20.94	11.23	14.55	52.13	33.49
Tangible Book Value	3,822	2,277	1,188	1,636	5,864	-990.06
Tangible Book Value Per Share	25.37	20.11	10.56	14.54	52.12	-8.80
Machinery	-	5.11	4.73	3.96	1.38	-
Leasehold Improvements	-	1.72	1.71	1.34	0.69	-

Updated Nov 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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