FIRST MILLS

First Milling Co.

2283StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	—	192.54M	192.11M	215.33M	157.48M
Cash & Short-Term Investments	96.39M	192.54M	192.11M	215.33M	157.48M
Receivables	—	18.57M	5.40M	14.93M	8.73M
Inventory	—	161.70M	148.35M	119.10M	115.82M
Current Assets	—	403.76M	379.70M	415.11M	298.65M
PP&E	—	981.65M	974.73M	857.40M	853.44M
Goodwill	—	1.09B	1.09B	1.09B	—
Intangible Assets	—	9.16M	5.07M	5.02M	4.33M
Total Assets	—	2.50B	2.47B	2.43B	1.16B
Liabilities
Accounts Payable	—	60.13M	48.93M	44.14M	60.74M
Current Liabilities	—	360.67M	289.36M	337.44M	142.53M
Long-Term Debt	—	0.85B	0.94B	1.01B	—
Total Debt	1.34B	1.35B	1.38B	1.52B	0.36B
Total Liabilities	—	1.55B	1.58B	1.68B	0.49B
Equity & Ownership
Retained Earnings	—	416.03M	327.85M	182.49M	125.96M
Total Equity	0.99B	0.95B	0.89B	0.75B	0.67B
Net Debt	1.24B	1.16B	1.19B	1.31B	0.20B
Shares Outstanding	56,799,196	55,200,000	55,500,000	55,500,000	53,923,678
Cash & Assets
Total Assets	—	2.50B	2.47B	2.43B	1.16B
Total Current Assets	—	403.76M	379.70M	415.11M	298.65M
Cash & Equivalents	—	192.54M	192.11M	215.33M	157.48M
Cash & Short-Term Investments	96.39M	192.54M	192.11M	215.33M	157.48M
Net Cash (Debt)	-1.24B	-1.16B	-1.19B	-1.31B	-0.20B
Net Cash Per Share	-22.28	-20.79	-21.33	-145.99	-3.73
Cash Growth	-49.9%	+0.2%	-10.8%	+36.7%	-69.6%
Net Cash Growth	—	—	—	—	—
Accounts Receivable	—	18.56M	5.08M	6.18M	2.38M
Other Receivables	—	0.00M	0.32M	8.74M	6.35M
Receivables	—	18.57M	5.40M	14.93M	8.73M
Inventory	—	161.70M	148.35M	119.10M	115.82M
Prepaid Expenses	—	4.37M	4.09M	5.14M	3.15M
Construction In Progress	—	42.07M	57.13M	32.10M	27.25M
Buildings	—	406.64M	390.90M	380.97M	238.24M
Machinery	—	449.56M	401.27M	272.08M	371.51M
Property, Plant & Equipment	—	981.65M	974.73M	857.40M	853.44M
Goodwill	—	1.09B	1.09B	1.09B	—
Other Intangible Assets	—	9.16M	5.07M	5.02M	4.33M
Other Current Assets	—	26.58M	29.75M	60.62M	13.47M
Other Long-Term Assets	—	2.56M	2.23M	—	—
Long-Term Leases	—	309.27M	315.39M	326.66M	348.00M
Current Portion of Leases	—	30.93M	22.70M	23.08M	10.72M
Loans & Investments
Long-Term Investments	—	7.73M	18.31M	58.16M	—
Liabilities & Obligations
Total Liabilities	—	1.55B	1.58B	1.68B	0.49B
Total Liabilities & Equity	—	2.50B	2.47B	2.43B	1.16B
Total Current Liabilities	—	360.67M	289.36M	337.44M	142.53M
Accounts Payable	—	60.13M	48.93M	44.14M	60.74M
Accrued Expenses	—	66.52M	73.98M	79.25M	41.28M
Current Income Taxes Payable	—	5.94M	6.65M	6.17M	4.74M
Current Unearned Revenue	—	24.31M	18.78M	17.67M	22.50M
Other Current Liabilities	—	10.48M	10.59M	2.86M	2.56M
Pension & Post-Retirement Benefits	—	8.67M	6.55M	4.89M	0.70M
Other Long-Term Liabilities	—	23.60M	30.90M	—	—
Debt & Funding
Long-Term Debt	—	0.85B	0.94B	1.01B	—
Total Debt	1.34B	1.35B	1.38B	1.52B	0.36B
Current Portion of Long-Term Debt	—	162.37M	107.72M	164.27M	—
Equity & Book Value
Shareholders' Equity	0.99B	0.95B	0.89B	0.75B	0.67B
Common Stock	—	555.00M	555.00M	555.00M	539.24M
Retained Earnings	—	416.03M	327.85M	182.49M	125.96M
Treasury Stock	—	-25.32M	—	—	—
Comprehensive Income & Other	—	-0.67M	9.28M	13.47M	—
Book Value Per Share	17.93	17.12	16.07	13.53	12.34
Tangible Book Value	-0.13B	-0.15B	-0.20B	-0.34B	0.66B
Tangible Book Value Per Share	-2.33	-2.80	-3.67	-6.21	12.26
Filing Date Shares Outstanding	56.80M	55.20M	55.50M	55.50M	53.92M
Total Common Shares Outstanding	55.20M	55.20M	55.50M	55.50M	53.92M
Working Capital	—	43.09M	90.35M	77.67M	156.12M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	—	192.54M	192.11M	215.33M	157.48M
Cash & Short-Term Investments	96.39M	192.54M	192.11M	215.33M	157.48M
Receivables	—	18.57M	5.40M	14.93M	8.73M
Inventory	—	161.70M	148.35M	119.10M	115.82M
Current Assets	—	403.76M	379.70M	415.11M	298.65M
PP&E	—	981.65M	974.73M	857.40M	853.44M
Goodwill	—	1.09B	1.09B	1.09B	—
Intangible Assets	—	9.16M	5.07M	5.02M	4.33M
Total Assets	—	2.50B	2.47B	2.43B	1.16B
Liabilities
Accounts Payable	—	60.13M	48.93M	44.14M	60.74M
Current Liabilities	—	360.67M	289.36M	337.44M	142.53M
Long-Term Debt	—	0.85B	0.94B	1.01B	—
Total Debt	1.34B	1.35B	1.38B	1.52B	0.36B
Total Liabilities	—	1.55B	1.58B	1.68B	0.49B
Equity & Ownership
Retained Earnings	—	416.03M	327.85M	182.49M	125.96M
Total Equity	0.99B	0.95B	0.89B	0.75B	0.67B
Net Debt	1.24B	1.16B	1.19B	1.31B	0.20B
Shares Outstanding	56,799,196	55,200,000	55,500,000	55,500,000	53,923,678
Cash & Assets
Total Assets	—	2.50B	2.47B	2.43B	1.16B
Total Current Assets	—	403.76M	379.70M	415.11M	298.65M
Cash & Equivalents	—	192.54M	192.11M	215.33M	157.48M
Cash & Short-Term Investments	96.39M	192.54M	192.11M	215.33M	157.48M
Net Cash (Debt)	-1.24B	-1.16B	-1.19B	-1.31B	-0.20B
Net Cash Per Share	-22.28	-20.79	-21.33	-145.99	-3.73
Cash Growth	-49.9%	+0.2%	-10.8%	+36.7%	-69.6%
Net Cash Growth	—	—	—	—	—
Accounts Receivable	—	18.56M	5.08M	6.18M	2.38M
Other Receivables	—	0.00M	0.32M	8.74M	6.35M
Receivables	—	18.57M	5.40M	14.93M	8.73M
Inventory	—	161.70M	148.35M	119.10M	115.82M
Prepaid Expenses	—	4.37M	4.09M	5.14M	3.15M
Construction In Progress	—	42.07M	57.13M	32.10M	27.25M
Buildings	—	406.64M	390.90M	380.97M	238.24M
Machinery	—	449.56M	401.27M	272.08M	371.51M
Property, Plant & Equipment	—	981.65M	974.73M	857.40M	853.44M
Goodwill	—	1.09B	1.09B	1.09B	—
Other Intangible Assets	—	9.16M	5.07M	5.02M	4.33M
Other Current Assets	—	26.58M	29.75M	60.62M	13.47M
Other Long-Term Assets	—	2.56M	2.23M	—	—
Long-Term Leases	—	309.27M	315.39M	326.66M	348.00M
Current Portion of Leases	—	30.93M	22.70M	23.08M	10.72M
Loans & Investments
Long-Term Investments	—	7.73M	18.31M	58.16M	—
Liabilities & Obligations
Total Liabilities	—	1.55B	1.58B	1.68B	0.49B
Total Liabilities & Equity	—	2.50B	2.47B	2.43B	1.16B
Total Current Liabilities	—	360.67M	289.36M	337.44M	142.53M
Accounts Payable	—	60.13M	48.93M	44.14M	60.74M
Accrued Expenses	—	66.52M	73.98M	79.25M	41.28M
Current Income Taxes Payable	—	5.94M	6.65M	6.17M	4.74M
Current Unearned Revenue	—	24.31M	18.78M	17.67M	22.50M
Other Current Liabilities	—	10.48M	10.59M	2.86M	2.56M
Pension & Post-Retirement Benefits	—	8.67M	6.55M	4.89M	0.70M
Other Long-Term Liabilities	—	23.60M	30.90M	—	—
Debt & Funding
Long-Term Debt	—	0.85B	0.94B	1.01B	—
Total Debt	1.34B	1.35B	1.38B	1.52B	0.36B
Current Portion of Long-Term Debt	—	162.37M	107.72M	164.27M	—
Equity & Book Value
Shareholders' Equity	0.99B	0.95B	0.89B	0.75B	0.67B
Common Stock	—	555.00M	555.00M	555.00M	539.24M
Retained Earnings	—	416.03M	327.85M	182.49M	125.96M
Treasury Stock	—	-25.32M	—	—	—
Comprehensive Income & Other	—	-0.67M	9.28M	13.47M	—
Book Value Per Share	17.93	17.12	16.07	13.53	12.34
Tangible Book Value	-0.13B	-0.15B	-0.20B	-0.34B	0.66B
Tangible Book Value Per Share	-2.33	-2.80	-3.67	-6.21	12.26
Filing Date Shares Outstanding	56.80M	55.20M	55.50M	55.50M	53.92M
Total Common Shares Outstanding	55.20M	55.20M	55.50M	55.50M	53.92M
Working Capital	—	43.09M	90.35M	77.67M	156.12M