DEVELOPMENT TAM

Tam Development Company

9570StocksTadawulTechnology

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	47.84M	41.15M	46.37M	61.39M	38.19M
Cash & Short-Term Investments	47.84M	46.15M	52.37M	61.39M	38.19M
Receivables	140.54M	146.79M	109.33M	45.33M	22.40M
Current Assets	195.97M	199.50M	171.75M	119.83M	79.53M
PP&E	14.86M	17.73M	2.10M	3.07M	0.75M
Intangible Assets	18.43M	12.16M	9.93M	4.27M	3.83M
Total Assets	229.26M	229.39M	188.78M	132.18M	84.10M
Liabilities
Accounts Payable	12.39M	19.30M	9.63M	4.32M	4.57M
Current Liabilities	48.97M	70.45M	73.60M	56.37M	35.63M
Long-Term Debt	7.97M	5.03M	—	—	—
Short-Term Debt	—	—	—	2.85M	4.24M
Total Debt	22.22M	19.26M	—	3.76M	4.30M
Total Liabilities	72.81M	92.66M	79.02M	60.56M	39.27M
Equity & Ownership
Retained Earnings	116.93M	99.88M	72.91M	35.02M	8.24M
Total Equity	156.45M	136.73M	109.76M	71.62M	44.84M
Net Debt	-25.61M	-26.89M	-52.37M	-57.63M	-33.89M
Shares Outstanding	3,307,256	3,294,000	3,294,000	3,861,546	3,294,000
Cash & Assets
Total Assets	229.26M	229.39M	188.78M	132.18M	84.10M
Total Current Assets	195.97M	199.50M	171.75M	119.83M	79.53M
Cash & Equivalents	47.84M	41.15M	46.37M	61.39M	38.19M
Cash & Short-Term Investments	47.84M	46.15M	52.37M	61.39M	38.19M
Net Cash (Debt)	25.61M	26.89M	52.37M	57.63M	33.89M
Net Cash Per Share	7.71	8.16	15.90	16.11	9.26
Cash Growth	+3.7%	-11.9%	-14.7%	+60.7%	+164.0%
Net Cash Growth	-4.8%	-48.6%	-9.1%	+70.1%	+137.0%
Accounts Receivable	140.21M	146.58M	108.07M	44.15M	21.72M
Other Receivables	0.33M	0.21M	1.26M	1.18M	0.68M
Receivables	140.54M	146.79M	109.33M	45.33M	22.40M
Prepaid Expenses	0.48M	0.48M	0.68M	0.90M	1.62M
Construction In Progress	0.05M	2.15M	—	—	—
Machinery	3.68M	3.37M	2.98M	2.15M	1.58M
Property, Plant & Equipment	14.86M	17.73M	2.10M	3.07M	0.75M
Other Intangible Assets	18.43M	12.16M	9.93M	4.27M	3.83M
Other Current Assets	7.11M	6.08M	9.37M	12.22M	17.32M
Long-Term Leases	8.49M	11.55M	—	—	—
Current Portion of Leases	3.37M	2.68M	—	0.91M	0.06M
Loans & Investments
Short-Term Investments	—	5.00M	6.00M	—	—
Long-Term Investments	—	—	5.00M	5.00M	—
Liabilities & Obligations
Total Liabilities	72.81M	92.66M	79.02M	60.56M	39.27M
Total Liabilities & Equity	229.26M	229.39M	188.78M	132.18M	84.10M
Total Current Liabilities	48.97M	70.45M	73.60M	56.37M	35.63M
Accounts Payable	12.39M	19.30M	9.63M	4.32M	4.57M
Accrued Expenses	19.36M	33.34M	19.42M	10.53M	8.27M
Current Income Taxes Payable	1.89M	3.42M	3.46M	2.09M	1.31M
Current Unearned Revenue	9.38M	11.29M	40.21M	24.57M	7.75M
Other Current Liabilities	0.19M	0.43M	0.87M	11.10M	9.43M
Pension & Post-Retirement Benefits	7.38M	5.64M	5.42M	4.19M	3.63M
Debt & Funding
Long-Term Debt	7.97M	5.03M	—	—	—
Short-Term Debt	—	—	—	2.85M	4.24M
Total Debt	22.22M	19.26M	—	3.76M	4.30M
Current Portion of Long-Term Debt	2.40M	—	—	—	—
Equity & Book Value
Shareholders' Equity	156.45M	136.73M	109.76M	71.62M	44.84M
Common Stock	36.60M	36.60M	36.60M	36.60M	36.60M
Additional Paid-In Capital	3.91M	3.91M	3.91M	3.66M	—
Retained Earnings	116.93M	99.88M	72.91M	35.02M	8.24M
Treasury Stock	-3.53M	-3.66M	-3.66M	-3.66M	—
Comprehensive Income & Other	2.54M	—	—	—	—
Book Value Per Share	47.31	41.51	33.32	18.55	13.61
Tangible Book Value	138.02M	124.57M	99.83M	67.35M	41.01M
Tangible Book Value Per Share	41.73	37.82	30.31	17.44	12.45
Filing Date Shares Outstanding	3.31M	3.29M	3.29M	3.86M	3.29M
Total Common Shares Outstanding	3.31M	3.29M	3.29M	3.86M	3.29M
Working Capital	147.00M	129.05M	98.16M	63.46M	43.89M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	47.84M	41.15M	46.37M	61.39M	38.19M
Cash & Short-Term Investments	47.84M	46.15M	52.37M	61.39M	38.19M
Receivables	140.54M	146.79M	109.33M	45.33M	22.40M
Current Assets	195.97M	199.50M	171.75M	119.83M	79.53M
PP&E	14.86M	17.73M	2.10M	3.07M	0.75M
Intangible Assets	18.43M	12.16M	9.93M	4.27M	3.83M
Total Assets	229.26M	229.39M	188.78M	132.18M	84.10M
Liabilities
Accounts Payable	12.39M	19.30M	9.63M	4.32M	4.57M
Current Liabilities	48.97M	70.45M	73.60M	56.37M	35.63M
Long-Term Debt	7.97M	5.03M	—	—	—
Short-Term Debt	—	—	—	2.85M	4.24M
Total Debt	22.22M	19.26M	—	3.76M	4.30M
Total Liabilities	72.81M	92.66M	79.02M	60.56M	39.27M
Equity & Ownership
Retained Earnings	116.93M	99.88M	72.91M	35.02M	8.24M
Total Equity	156.45M	136.73M	109.76M	71.62M	44.84M
Net Debt	-25.61M	-26.89M	-52.37M	-57.63M	-33.89M
Shares Outstanding	3,307,256	3,294,000	3,294,000	3,861,546	3,294,000
Cash & Assets
Total Assets	229.26M	229.39M	188.78M	132.18M	84.10M
Total Current Assets	195.97M	199.50M	171.75M	119.83M	79.53M
Cash & Equivalents	47.84M	41.15M	46.37M	61.39M	38.19M
Cash & Short-Term Investments	47.84M	46.15M	52.37M	61.39M	38.19M
Net Cash (Debt)	25.61M	26.89M	52.37M	57.63M	33.89M
Net Cash Per Share	7.71	8.16	15.90	16.11	9.26
Cash Growth	+3.7%	-11.9%	-14.7%	+60.7%	+164.0%
Net Cash Growth	-4.8%	-48.6%	-9.1%	+70.1%	+137.0%
Accounts Receivable	140.21M	146.58M	108.07M	44.15M	21.72M
Other Receivables	0.33M	0.21M	1.26M	1.18M	0.68M
Receivables	140.54M	146.79M	109.33M	45.33M	22.40M
Prepaid Expenses	0.48M	0.48M	0.68M	0.90M	1.62M
Construction In Progress	0.05M	2.15M	—	—	—
Machinery	3.68M	3.37M	2.98M	2.15M	1.58M
Property, Plant & Equipment	14.86M	17.73M	2.10M	3.07M	0.75M
Other Intangible Assets	18.43M	12.16M	9.93M	4.27M	3.83M
Other Current Assets	7.11M	6.08M	9.37M	12.22M	17.32M
Long-Term Leases	8.49M	11.55M	—	—	—
Current Portion of Leases	3.37M	2.68M	—	0.91M	0.06M
Loans & Investments
Short-Term Investments	—	5.00M	6.00M	—	—
Long-Term Investments	—	—	5.00M	5.00M	—
Liabilities & Obligations
Total Liabilities	72.81M	92.66M	79.02M	60.56M	39.27M
Total Liabilities & Equity	229.26M	229.39M	188.78M	132.18M	84.10M
Total Current Liabilities	48.97M	70.45M	73.60M	56.37M	35.63M
Accounts Payable	12.39M	19.30M	9.63M	4.32M	4.57M
Accrued Expenses	19.36M	33.34M	19.42M	10.53M	8.27M
Current Income Taxes Payable	1.89M	3.42M	3.46M	2.09M	1.31M
Current Unearned Revenue	9.38M	11.29M	40.21M	24.57M	7.75M
Other Current Liabilities	0.19M	0.43M	0.87M	11.10M	9.43M
Pension & Post-Retirement Benefits	7.38M	5.64M	5.42M	4.19M	3.63M
Debt & Funding
Long-Term Debt	7.97M	5.03M	—	—	—
Short-Term Debt	—	—	—	2.85M	4.24M
Total Debt	22.22M	19.26M	—	3.76M	4.30M
Current Portion of Long-Term Debt	2.40M	—	—	—	—
Equity & Book Value
Shareholders' Equity	156.45M	136.73M	109.76M	71.62M	44.84M
Common Stock	36.60M	36.60M	36.60M	36.60M	36.60M
Additional Paid-In Capital	3.91M	3.91M	3.91M	3.66M	—
Retained Earnings	116.93M	99.88M	72.91M	35.02M	8.24M
Treasury Stock	-3.53M	-3.66M	-3.66M	-3.66M	—
Comprehensive Income & Other	2.54M	—	—	—	—
Book Value Per Share	47.31	41.51	33.32	18.55	13.61
Tangible Book Value	138.02M	124.57M	99.83M	67.35M	41.01M
Tangible Book Value Per Share	41.73	37.82	30.31	17.44	12.45
Filing Date Shares Outstanding	3.31M	3.29M	3.29M	3.86M	3.29M
Total Common Shares Outstanding	3.31M	3.29M	3.29M	3.86M	3.29M
Working Capital	147.00M	129.05M	98.16M	63.46M	43.89M