Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	44.09M	15.36M	27.03M	13.86M
Cash & Short-Term Investments	44.09M	15.36M	28.11M	13.86M
Receivables	138.29M	116.84M	39.62M	51.60M
Inventory	0.51M	0.77M	1.08M	2.06M
Current Assets	215.73M	160.38M	93.91M	79.72M
PP&E	39.08M	26.12M	18.97M	8.73M
Intangible Assets	384.71K	120.22K	—	—
Total Assets	255.19M	190.51M	116.87M	89.07M
Liabilities
Accounts Payable	19.52M	16.06M	6.15M	4.01M
Current Liabilities	136.10M	110.28M	57.24M	30.06M
Long-Term Debt	6.20M	0.88M	3.78M	6.93M
Short-Term Debt	69.03M	33.20M	28.89M	2.05M
Total Debt	93.23M	38.57M	36.55M	17.92M
Total Liabilities	167.79M	122.23M	67.93M	42.86M
Equity & Ownership
Retained Earnings	44.95M	25.85M	35.85M	33.39M
Total Equity	87.41M	68.28M	48.94M	46.21M
Net Debt	49.14M	23.21M	8.44M	4.06M
Shares Outstanding	4,200,000	4,200,000	4,200,000	—
Cash & Assets
Total Assets	255.19M	190.51M	116.87M	89.07M
Total Current Assets	215.73M	160.38M	93.91M	79.72M
Cash & Equivalents	44.09M	15.36M	27.03M	13.86M
Cash & Short-Term Investments	44.09M	15.36M	28.11M	13.86M
Net Cash (Debt)	-49.14M	-23.21M	-8.44M	-4.06M
Net Cash Per Share	-11.70	-5.53	-2.01	—
Cash Growth	+187.1%	-45.4%	+102.9%	—
Accounts Receivable	121.26M	104.38M	29.27M	37.80M
Other Receivables	17.03M	12.46M	10.35M	13.80M
Receivables	138.29M	116.84M	39.62M	51.60M
Inventory	0.51M	0.77M	1.08M	2.06M
Prepaid Expenses	15.47M	9.86M	3.87M	0.25M
Construction In Progress	—	384.52K	—	—
Land	1.61M	1.61M	—	—
Buildings	434.52K	—	—	—
Machinery	40.06M	33.91M	27.43M	17.00M
Property, Plant & Equipment	39.08M	26.12M	18.97M	8.73M
Other Intangible Assets	384.71K	120.22K	—	—
Other Current Assets	17.37M	17.55M	21.23M	11.96M
Other Long-Term Assets	—	3.89M	4.00M	—
Long-Term Leases	11.99M	1.71M	1.52M	—
Current Portion of Leases	2.77M	0.83M	0.51M	—
Loans & Investments
Trading Asset Securities	—	—	1.09M	—
Long-Term Investments	—	—	—	615.20K
Liabilities & Obligations
Total Liabilities	167.79M	122.23M	67.93M	42.86M
Total Liabilities & Equity	255.19M	190.51M	116.87M	89.07M
Total Current Liabilities	136.10M	110.28M	57.24M	30.06M
Accounts Payable	19.52M	16.06M	6.15M	4.01M
Accrued Expenses	27.77M	31.35M	14.05M	9.28M
Current Income Taxes Payable	2.10M	1.75M	1.93M	1.47M
Current Unearned Revenue	10.57M	24.31M	0.13M	—
Other Current Liabilities	1.10M	0.83M	3.71M	4.31M
Pension & Post-Retirement Benefits	13.49M	9.37M	5.40M	5.87M
Other Long-Term Liabilities	-10	—	—	—
Debt & Funding
Long-Term Debt	6.20M	0.88M	3.78M	6.93M
Short-Term Debt	69.03M	33.20M	28.89M	2.05M
Total Debt	93.23M	38.57M	36.55M	17.92M
Current Portion of Long-Term Debt	3.23M	1.95M	1.86M	8.93M
Equity & Book Value
Shareholders' Equity	87.41M	68.28M	48.94M	46.21M
Total Common Equity	87.41M	68.28M	48.94M	46.16M
Common Stock	42.00M	42.00M	0.30M	0.30M
Additional Paid-In Capital	—	—	12.00M	12.00M
Retained Earnings	44.95M	25.85M	35.85M	33.39M
Comprehensive Income & Other	458.83K	432.63K	793.21K	475.65K
Minority Interest	—	—	—	42.18K
Book Value Per Share	20.81	16.26	—	—
Tangible Book Value	87.02M	68.16M	48.94M	46.16M
Tangible Book Value Per Share	20.72	16.23	—	—
Filing Date Shares Outstanding	4.20M	4.20M	—	—
Total Common Shares Outstanding	4.20M	4.20M	—	—
Working Capital	79.63M	50.10M	36.67M	49.66M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	44.09M	15.36M	27.03M	13.86M
Cash & Short-Term Investments	44.09M	15.36M	28.11M	13.86M
Receivables	138.29M	116.84M	39.62M	51.60M
Inventory	0.51M	0.77M	1.08M	2.06M
Current Assets	215.73M	160.38M	93.91M	79.72M
PP&E	39.08M	26.12M	18.97M	8.73M
Intangible Assets	384.71K	120.22K	—	—
Total Assets	255.19M	190.51M	116.87M	89.07M
Liabilities
Accounts Payable	19.52M	16.06M	6.15M	4.01M
Current Liabilities	136.10M	110.28M	57.24M	30.06M
Long-Term Debt	6.20M	0.88M	3.78M	6.93M
Short-Term Debt	69.03M	33.20M	28.89M	2.05M
Total Debt	93.23M	38.57M	36.55M	17.92M
Total Liabilities	167.79M	122.23M	67.93M	42.86M
Equity & Ownership
Retained Earnings	44.95M	25.85M	35.85M	33.39M
Total Equity	87.41M	68.28M	48.94M	46.21M
Net Debt	49.14M	23.21M	8.44M	4.06M
Shares Outstanding	4,200,000	4,200,000	4,200,000	—
Cash & Assets
Total Assets	255.19M	190.51M	116.87M	89.07M
Total Current Assets	215.73M	160.38M	93.91M	79.72M
Cash & Equivalents	44.09M	15.36M	27.03M	13.86M
Cash & Short-Term Investments	44.09M	15.36M	28.11M	13.86M
Net Cash (Debt)	-49.14M	-23.21M	-8.44M	-4.06M
Net Cash Per Share	-11.70	-5.53	-2.01	—
Cash Growth	+187.1%	-45.4%	+102.9%	—
Accounts Receivable	121.26M	104.38M	29.27M	37.80M
Other Receivables	17.03M	12.46M	10.35M	13.80M
Receivables	138.29M	116.84M	39.62M	51.60M
Inventory	0.51M	0.77M	1.08M	2.06M
Prepaid Expenses	15.47M	9.86M	3.87M	0.25M
Construction In Progress	—	384.52K	—	—
Land	1.61M	1.61M	—	—
Buildings	434.52K	—	—	—
Machinery	40.06M	33.91M	27.43M	17.00M
Property, Plant & Equipment	39.08M	26.12M	18.97M	8.73M
Other Intangible Assets	384.71K	120.22K	—	—
Other Current Assets	17.37M	17.55M	21.23M	11.96M
Other Long-Term Assets	—	3.89M	4.00M	—
Long-Term Leases	11.99M	1.71M	1.52M	—
Current Portion of Leases	2.77M	0.83M	0.51M	—
Loans & Investments
Trading Asset Securities	—	—	1.09M	—
Long-Term Investments	—	—	—	615.20K
Liabilities & Obligations
Total Liabilities	167.79M	122.23M	67.93M	42.86M
Total Liabilities & Equity	255.19M	190.51M	116.87M	89.07M
Total Current Liabilities	136.10M	110.28M	57.24M	30.06M
Accounts Payable	19.52M	16.06M	6.15M	4.01M
Accrued Expenses	27.77M	31.35M	14.05M	9.28M
Current Income Taxes Payable	2.10M	1.75M	1.93M	1.47M
Current Unearned Revenue	10.57M	24.31M	0.13M	—
Other Current Liabilities	1.10M	0.83M	3.71M	4.31M
Pension & Post-Retirement Benefits	13.49M	9.37M	5.40M	5.87M
Other Long-Term Liabilities	-10	—	—	—
Debt & Funding
Long-Term Debt	6.20M	0.88M	3.78M	6.93M
Short-Term Debt	69.03M	33.20M	28.89M	2.05M
Total Debt	93.23M	38.57M	36.55M	17.92M
Current Portion of Long-Term Debt	3.23M	1.95M	1.86M	8.93M
Equity & Book Value
Shareholders' Equity	87.41M	68.28M	48.94M	46.21M
Total Common Equity	87.41M	68.28M	48.94M	46.16M
Common Stock	42.00M	42.00M	0.30M	0.30M
Additional Paid-In Capital	—	—	12.00M	12.00M
Retained Earnings	44.95M	25.85M	35.85M	33.39M
Comprehensive Income & Other	458.83K	432.63K	793.21K	475.65K
Minority Interest	—	—	—	42.18K
Book Value Per Share	20.81	16.26	—	—
Tangible Book Value	87.02M	68.16M	48.94M	46.16M
Tangible Book Value Per Share	20.72	16.23	—	—
Filing Date Shares Outstanding	4.20M	4.20M	—	—
Total Common Shares Outstanding	4.20M	4.20M	—	—
Working Capital	79.63M	50.10M	36.67M	49.66M

Financials

Annual (SAR)

SHALFA

Annual (SAR)