DEVELOPMENT TAM

Tam Development Company

9570StocksTadawulTechnology

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Assets
Cash & Equivalents	47.84M	39.47M	41.15M	27.11M	46.37M
Cash & Short-Term Investments	47.84M	39.47M	46.15M	32.11M	52.37M
Receivables	140.54M	141.37M	146.79M	139.98M	109.33M
Current Assets	195.97M	189.85M	199.50M	185.23M	171.75M
PP&E	14.86M	17.06M	17.73M	17.77M	2.10M
Intangible Assets	18.43M	16.07M	12.16M	9.89M	9.93M
Total Assets	229.26M	222.98M	229.39M	212.90M	188.78M
Liabilities
Accounts Payable	12.39M	14.79M	19.30M	20.36M	9.63M
Current Liabilities	48.97M	56.76M	70.45M	78.09M	73.60M
Long-Term Debt	7.97M	4.67M	5.03M	—	—
Short-Term Debt	—	15.77M	—	—	—
Total Debt	22.22M	41.38M	19.26M	15.29M	—
Total Liabilities	72.81M	77.73M	92.66M	95.18M	79.02M
Equity & Ownership
Retained Earnings	116.93M	108.40M	99.88M	80.87M	72.91M
Total Equity	156.45M	145.25M	136.73M	117.71M	109.76M
Net Debt	-25.61M	1.92M	-26.89M	-16.82M	-52.37M
Shares Outstanding	3,307,256	3,295,204	3,294,000	3,294,000	3,294,000
Cash & Assets
Total Assets	229.26M	222.98M	229.39M	212.90M	188.78M
Total Current Assets	195.97M	189.85M	199.50M	185.23M	171.75M
Cash & Equivalents	47.84M	39.47M	41.15M	27.11M	46.37M
Cash & Short-Term Investments	47.84M	39.47M	46.15M	32.11M	52.37M
Net Cash (Debt)	25.61M	-1.92M	26.89M	16.82M	52.37M
Net Cash Per Share	7.65	-0.58	8.16	5.11	15.90
Cash Growth	+3.7%	+22.9%	-11.9%	-0.3%	-14.7%
Net Cash Growth	-4.8%	—	-48.6%	-47.1%	-9.1%
Accounts Receivable	140.21M	141.18M	146.58M	139.57M	108.07M
Other Receivables	0.33M	0.19M	0.21M	0.41M	1.26M
Receivables	140.54M	141.37M	146.79M	139.98M	109.33M
Prepaid Expenses	0.48M	2.15M	0.48M	1.99M	0.68M
Construction In Progress	0.05M	—	2.15M	0.19M	—
Machinery	3.68M	3.56M	3.37M	3.32M	2.98M
Property, Plant & Equipment	14.86M	17.06M	17.73M	17.77M	2.10M
Other Intangible Assets	18.43M	16.07M	12.16M	9.89M	9.93M
Other Current Assets	7.11M	6.87M	6.08M	11.15M	9.37M
Long-Term Leases	8.49M	10.20M	11.55M	11.55M	—
Current Portion of Leases	3.37M	3.12M	2.68M	3.74M	—
Loans & Investments
Short-Term Investments	—	—	5.00M	5.00M	6.00M
Long-Term Investments	—	—	—	—	5.00M
Liabilities & Obligations
Total Liabilities	72.81M	77.73M	92.66M	95.18M	79.02M
Total Liabilities & Equity	229.26M	222.98M	229.39M	212.90M	188.78M
Total Current Liabilities	48.97M	56.76M	70.45M	78.09M	73.60M
Accounts Payable	12.39M	14.79M	19.30M	20.36M	9.63M
Accrued Expenses	19.36M	13.24M	33.34M	20.36M	19.42M
Current Income Taxes Payable	1.89M	0.83M	3.42M	1.29M	3.46M
Current Unearned Revenue	9.38M	1.13M	11.29M	31.80M	40.21M
Other Current Liabilities	0.19M	0.26M	0.43M	0.53M	0.87M
Pension & Post-Retirement Benefits	7.38M	6.10M	5.64M	5.54M	5.42M
Debt & Funding
Long-Term Debt	7.97M	4.67M	5.03M	—	—
Short-Term Debt	—	15.77M	—	—	—
Total Debt	22.22M	41.38M	19.26M	15.29M	—
Current Portion of Long-Term Debt	2.40M	7.63M	—	—	—
Equity & Book Value
Shareholders' Equity	156.45M	145.25M	136.73M	117.71M	109.76M
Common Stock	36.60M	36.60M	36.60M	36.60M	36.60M
Additional Paid-In Capital	3.91M	3.91M	3.91M	3.91M	3.91M
Retained Earnings	116.93M	108.40M	99.88M	80.87M	72.91M
Treasury Stock	-3.53M	-3.65M	-3.66M	-3.66M	-3.66M
Comprehensive Income & Other	2.54M	—	—	—	—
Book Value Per Share	47.31	44.08	41.51	35.74	33.32
Tangible Book Value	138.02M	129.19M	124.57M	107.82M	99.83M
Tangible Book Value Per Share	41.73	39.20	37.82	32.73	30.31
Filing Date Shares Outstanding	3.31M	3.30M	3.29M	3.29M	3.29M
Total Common Shares Outstanding	3.31M	3.30M	3.29M	3.29M	3.29M
Working Capital	147.00M	133.09M	129.05M	107.14M	98.16M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Assets
Cash & Equivalents	47.84M	39.47M	41.15M	27.11M	46.37M
Cash & Short-Term Investments	47.84M	39.47M	46.15M	32.11M	52.37M
Receivables	140.54M	141.37M	146.79M	139.98M	109.33M
Current Assets	195.97M	189.85M	199.50M	185.23M	171.75M
PP&E	14.86M	17.06M	17.73M	17.77M	2.10M
Intangible Assets	18.43M	16.07M	12.16M	9.89M	9.93M
Total Assets	229.26M	222.98M	229.39M	212.90M	188.78M
Liabilities
Accounts Payable	12.39M	14.79M	19.30M	20.36M	9.63M
Current Liabilities	48.97M	56.76M	70.45M	78.09M	73.60M
Long-Term Debt	7.97M	4.67M	5.03M	—	—
Short-Term Debt	—	15.77M	—	—	—
Total Debt	22.22M	41.38M	19.26M	15.29M	—
Total Liabilities	72.81M	77.73M	92.66M	95.18M	79.02M
Equity & Ownership
Retained Earnings	116.93M	108.40M	99.88M	80.87M	72.91M
Total Equity	156.45M	145.25M	136.73M	117.71M	109.76M
Net Debt	-25.61M	1.92M	-26.89M	-16.82M	-52.37M
Shares Outstanding	3,307,256	3,295,204	3,294,000	3,294,000	3,294,000
Cash & Assets
Total Assets	229.26M	222.98M	229.39M	212.90M	188.78M
Total Current Assets	195.97M	189.85M	199.50M	185.23M	171.75M
Cash & Equivalents	47.84M	39.47M	41.15M	27.11M	46.37M
Cash & Short-Term Investments	47.84M	39.47M	46.15M	32.11M	52.37M
Net Cash (Debt)	25.61M	-1.92M	26.89M	16.82M	52.37M
Net Cash Per Share	7.65	-0.58	8.16	5.11	15.90
Cash Growth	+3.7%	+22.9%	-11.9%	-0.3%	-14.7%
Net Cash Growth	-4.8%	—	-48.6%	-47.1%	-9.1%
Accounts Receivable	140.21M	141.18M	146.58M	139.57M	108.07M
Other Receivables	0.33M	0.19M	0.21M	0.41M	1.26M
Receivables	140.54M	141.37M	146.79M	139.98M	109.33M
Prepaid Expenses	0.48M	2.15M	0.48M	1.99M	0.68M
Construction In Progress	0.05M	—	2.15M	0.19M	—
Machinery	3.68M	3.56M	3.37M	3.32M	2.98M
Property, Plant & Equipment	14.86M	17.06M	17.73M	17.77M	2.10M
Other Intangible Assets	18.43M	16.07M	12.16M	9.89M	9.93M
Other Current Assets	7.11M	6.87M	6.08M	11.15M	9.37M
Long-Term Leases	8.49M	10.20M	11.55M	11.55M	—
Current Portion of Leases	3.37M	3.12M	2.68M	3.74M	—
Loans & Investments
Short-Term Investments	—	—	5.00M	5.00M	6.00M
Long-Term Investments	—	—	—	—	5.00M
Liabilities & Obligations
Total Liabilities	72.81M	77.73M	92.66M	95.18M	79.02M
Total Liabilities & Equity	229.26M	222.98M	229.39M	212.90M	188.78M
Total Current Liabilities	48.97M	56.76M	70.45M	78.09M	73.60M
Accounts Payable	12.39M	14.79M	19.30M	20.36M	9.63M
Accrued Expenses	19.36M	13.24M	33.34M	20.36M	19.42M
Current Income Taxes Payable	1.89M	0.83M	3.42M	1.29M	3.46M
Current Unearned Revenue	9.38M	1.13M	11.29M	31.80M	40.21M
Other Current Liabilities	0.19M	0.26M	0.43M	0.53M	0.87M
Pension & Post-Retirement Benefits	7.38M	6.10M	5.64M	5.54M	5.42M
Debt & Funding
Long-Term Debt	7.97M	4.67M	5.03M	—	—
Short-Term Debt	—	15.77M	—	—	—
Total Debt	22.22M	41.38M	19.26M	15.29M	—
Current Portion of Long-Term Debt	2.40M	7.63M	—	—	—
Equity & Book Value
Shareholders' Equity	156.45M	145.25M	136.73M	117.71M	109.76M
Common Stock	36.60M	36.60M	36.60M	36.60M	36.60M
Additional Paid-In Capital	3.91M	3.91M	3.91M	3.91M	3.91M
Retained Earnings	116.93M	108.40M	99.88M	80.87M	72.91M
Treasury Stock	-3.53M	-3.65M	-3.66M	-3.66M	-3.66M
Comprehensive Income & Other	2.54M	—	—	—	—
Book Value Per Share	47.31	44.08	41.51	35.74	33.32
Tangible Book Value	138.02M	129.19M	124.57M	107.82M	99.83M
Tangible Book Value Per Share	41.73	39.20	37.82	32.73	30.31
Filing Date Shares Outstanding	3.31M	3.30M	3.29M	3.29M	3.29M
Total Common Shares Outstanding	3.31M	3.30M	3.29M	3.29M	3.29M
Working Capital	147.00M	133.09M	129.05M	107.14M	98.16M