Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	86.83M	100.43M	51.50M	67.21M	69.46M
Cash & Short-Term Investments	86.83M	100.43M	51.50M	67.21M	69.46M
Receivables	1.54B	1.12B	0.93B	0.59B	0.29B
Inventory	8.79M	4.06M	3.90M	0.29M	0.89M
Current Assets	1.68B	1.27B	1.00B	0.67B	0.38B
PP&E	214.35M	130.61M	148.54M	131.12M	116.67M
Intangible Assets	35.39M	34.20M	26.51M	1.20M	—
Total Assets	1.93B	1.43B	1.18B	0.81B	0.50B
Liabilities
Accounts Payable	198.96M	187.31M	214.44M	166.10M	73.38M
Current Liabilities	1.12B	0.85B	0.76B	0.52B	0.31B
Long-Term Debt	83.00M	—	2.58M	5.36M	7.26M
Short-Term Debt	675.58M	439.66M	333.16M	152.02M	84.03M
Total Debt	760.98M	441.99M	338.53M	159.56M	93.99M
Total Liabilities	1.26B	0.89B	0.80B	0.55B	0.34B
Equity & Ownership
Retained Earnings	341.56M	245.01M	232.02M	102.06M	133.05M
Total Equity	671.56M	545.01M	382.02M	253.60M	159.72M
Net Debt	674.15M	341.55M	287.02M	92.35M	24.53M
Shares Outstanding	330,000,000	300,000,000	300,000,000	300,000,000	40,000,000
Cash & Assets
Total Assets	1.93B	1.43B	1.18B	0.81B	0.50B
Total Current Assets	1.68B	1.27B	1.00B	0.67B	0.38B
Cash & Equivalents	86.83M	100.43M	51.50M	67.21M	69.46M
Cash & Short-Term Investments	86.83M	100.43M	51.50M	67.21M	69.46M
Net Cash (Debt)	-674.15M	-341.55M	-287.02M	-92.35M	-24.53M
Net Cash Per Share	-2.25	-1.14	-0.96	-0.31	-0.08
Cash Growth	-13.5%	+95.0%	-23.4%	-3.2%	+558.5%
Accounts Receivable	1.53B	1.11B	0.92B	0.59B	0.29B
Other Receivables	9.33M	6.32M	11.53M	2.28M	2.40M
Receivables	1.54B	1.12B	0.93B	0.59B	0.29B
Inventory	8.79M	4.06M	3.90M	0.29M	0.89M
Prepaid Expenses	37.34M	22.84M	2.72M	3.81M	7.47M
Construction In Progress	47.04M	5.87M	1.62M	15.91M	—
Land	84.53M	45.05M	52.07M	52.07M	52.07M
Buildings	73.28M	73.11M	92.17M	63.47M	63.42M
Machinery	26.13M	20.11M	26.23M	19.14M	16.51M
Leasehold Improvements	—	—	1.87M	1.87M	1.87M
Property, Plant & Equipment	214.35M	130.61M	148.54M	131.12M	116.67M
Other Intangible Assets	35.39M	34.20M	26.51M	1.20M	—
Other Current Assets	12.25M	21.16M	12.04M	10.49M	13.02M
Long-Term Leases	1.42M	—	—	—	—
Current Portion of Leases	976.68K	—	—	—	—
Loans & Investments
Long-Term Investments	—	—	—	2.05M	1.50M
Liabilities & Obligations
Total Liabilities	1.26B	0.89B	0.80B	0.55B	0.34B
Total Liabilities & Equity	1.93B	1.43B	1.18B	0.81B	0.50B
Total Current Liabilities	1.12B	0.85B	0.76B	0.52B	0.31B
Accounts Payable	198.96M	187.31M	214.44M	166.10M	73.38M
Accrued Expenses	186.44M	165.32M	135.85M	92.40M	71.10M
Current Income Taxes Payable	7.61M	7.72M	6.90M	5.27M	3.47M
Current Unearned Revenue	47.62M	44.31M	65.64M	70.69M	58.34M
Other Current Liabilities	2.60M	1.83M	0.95M	33.16M	20.44M
Pension & Post-Retirement Benefits	57.36M	41.09M	34.05M	26.42M	20.92M
Debt & Funding
Long-Term Debt	83.00M	—	2.58M	5.36M	7.26M
Short-Term Debt	675.58M	439.66M	333.16M	152.02M	84.03M
Total Debt	760.98M	441.99M	338.53M	159.56M	93.99M
Current Portion of Long-Term Debt	—	2.32M	2.78M	2.18M	2.70M
Equity & Book Value
Shareholders' Equity	671.56M	545.01M	382.02M	253.60M	159.72M
Common Stock	330.00M	300.00M	150.00M	150.00M	20.00M
Additional Paid-In Capital	—	—	—	—	6.67M
Retained Earnings	341.56M	245.01M	232.02M	102.06M	133.05M
Comprehensive Income & Other	—	—	—	1.54M	—
Book Value Per Share	2.04	1.82	1.27	0.85	3.99
Tangible Book Value	636.17M	510.81M	355.51M	252.40M	159.72M
Tangible Book Value Per Share	1.93	1.70	1.19	0.84	3.99
Filing Date Shares Outstanding	330.00M	300.00M	300.00M	300.00M	40.00M
Total Common Shares Outstanding	330.00M	300.00M	300.00M	300.00M	40.00M
Working Capital	563.60M	421.29M	243.60M	151.01M	69.71M

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	86.83M	100.43M	51.50M	67.21M	69.46M
Cash & Short-Term Investments	86.83M	100.43M	51.50M	67.21M	69.46M
Receivables	1.54B	1.12B	0.93B	0.59B	0.29B
Inventory	8.79M	4.06M	3.90M	0.29M	0.89M
Current Assets	1.68B	1.27B	1.00B	0.67B	0.38B
PP&E	214.35M	130.61M	148.54M	131.12M	116.67M
Intangible Assets	35.39M	34.20M	26.51M	1.20M	—
Total Assets	1.93B	1.43B	1.18B	0.81B	0.50B
Liabilities
Accounts Payable	198.96M	187.31M	214.44M	166.10M	73.38M
Current Liabilities	1.12B	0.85B	0.76B	0.52B	0.31B
Long-Term Debt	83.00M	—	2.58M	5.36M	7.26M
Short-Term Debt	675.58M	439.66M	333.16M	152.02M	84.03M
Total Debt	760.98M	441.99M	338.53M	159.56M	93.99M
Total Liabilities	1.26B	0.89B	0.80B	0.55B	0.34B
Equity & Ownership
Retained Earnings	341.56M	245.01M	232.02M	102.06M	133.05M
Total Equity	671.56M	545.01M	382.02M	253.60M	159.72M
Net Debt	674.15M	341.55M	287.02M	92.35M	24.53M
Shares Outstanding	330,000,000	300,000,000	300,000,000	300,000,000	40,000,000
Cash & Assets
Total Assets	1.93B	1.43B	1.18B	0.81B	0.50B
Total Current Assets	1.68B	1.27B	1.00B	0.67B	0.38B
Cash & Equivalents	86.83M	100.43M	51.50M	67.21M	69.46M
Cash & Short-Term Investments	86.83M	100.43M	51.50M	67.21M	69.46M
Net Cash (Debt)	-674.15M	-341.55M	-287.02M	-92.35M	-24.53M
Net Cash Per Share	-2.25	-1.14	-0.96	-0.31	-0.08
Cash Growth	-13.5%	+95.0%	-23.4%	-3.2%	+558.5%
Accounts Receivable	1.53B	1.11B	0.92B	0.59B	0.29B
Other Receivables	9.33M	6.32M	11.53M	2.28M	2.40M
Receivables	1.54B	1.12B	0.93B	0.59B	0.29B
Inventory	8.79M	4.06M	3.90M	0.29M	0.89M
Prepaid Expenses	37.34M	22.84M	2.72M	3.81M	7.47M
Construction In Progress	47.04M	5.87M	1.62M	15.91M	—
Land	84.53M	45.05M	52.07M	52.07M	52.07M
Buildings	73.28M	73.11M	92.17M	63.47M	63.42M
Machinery	26.13M	20.11M	26.23M	19.14M	16.51M
Leasehold Improvements	—	—	1.87M	1.87M	1.87M
Property, Plant & Equipment	214.35M	130.61M	148.54M	131.12M	116.67M
Other Intangible Assets	35.39M	34.20M	26.51M	1.20M	—
Other Current Assets	12.25M	21.16M	12.04M	10.49M	13.02M
Long-Term Leases	1.42M	—	—	—	—
Current Portion of Leases	976.68K	—	—	—	—
Loans & Investments
Long-Term Investments	—	—	—	2.05M	1.50M
Liabilities & Obligations
Total Liabilities	1.26B	0.89B	0.80B	0.55B	0.34B
Total Liabilities & Equity	1.93B	1.43B	1.18B	0.81B	0.50B
Total Current Liabilities	1.12B	0.85B	0.76B	0.52B	0.31B
Accounts Payable	198.96M	187.31M	214.44M	166.10M	73.38M
Accrued Expenses	186.44M	165.32M	135.85M	92.40M	71.10M
Current Income Taxes Payable	7.61M	7.72M	6.90M	5.27M	3.47M
Current Unearned Revenue	47.62M	44.31M	65.64M	70.69M	58.34M
Other Current Liabilities	2.60M	1.83M	0.95M	33.16M	20.44M
Pension & Post-Retirement Benefits	57.36M	41.09M	34.05M	26.42M	20.92M
Debt & Funding
Long-Term Debt	83.00M	—	2.58M	5.36M	7.26M
Short-Term Debt	675.58M	439.66M	333.16M	152.02M	84.03M
Total Debt	760.98M	441.99M	338.53M	159.56M	93.99M
Current Portion of Long-Term Debt	—	2.32M	2.78M	2.18M	2.70M
Equity & Book Value
Shareholders' Equity	671.56M	545.01M	382.02M	253.60M	159.72M
Common Stock	330.00M	300.00M	150.00M	150.00M	20.00M
Additional Paid-In Capital	—	—	—	—	6.67M
Retained Earnings	341.56M	245.01M	232.02M	102.06M	133.05M
Comprehensive Income & Other	—	—	—	1.54M	—
Book Value Per Share	2.04	1.82	1.27	0.85	3.99
Tangible Book Value	636.17M	510.81M	355.51M	252.40M	159.72M
Tangible Book Value Per Share	1.93	1.70	1.19	0.84	3.99
Filing Date Shares Outstanding	330.00M	300.00M	300.00M	300.00M	40.00M
Total Common Shares Outstanding	330.00M	300.00M	300.00M	300.00M	40.00M
Working Capital	563.60M	421.29M	243.60M	151.01M	69.71M

Financials

Annual (SAR)

2P

Annual (SAR)