Adagio Medical Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	17.11	20.59	1.38	5.55	18.85
Cash & Short-Term Investments	17.11	20.59	1.38	5.55	18.85
Cash Growth	-16.91%	1388.50%	-75.07%	-70.58%	-
Receivables	-	0.04	0.07	-	0.03
Inventory	1.67	2.57	3.32	0.37	0.33
Prepaid Expenses	0.99	1.94	0.23	0.29	0.26
Other Current Assets	0.32	0.22	0.18	0.53	0.24
Total Current Assets	20.08	25.35	5.19	6.73	19.72
Property, Plant & Equipment	2.23	2.15	1.62	1.94	1.7
Goodwill	13.97	13.97	-	-	-
Other Intangible Assets	6.97	6.97	-	-	-
Other Long-Term Assets	0	0.01	0.02	0.03	0.02
Total Assets	43.25	48.45	6.83	8.7	21.44
Accounts Payable	1.08	2.84	3.83	1.01	0.58
Accrued Expenses	7	4.78	4.62	2.29	2.01
Short-Term Debt	-	-	36.43	9.5	-
Current Portion of Long-Term Debt	-	-	1.7	-	-
Current Portion of Leases	0.16	0.14	0.08	0.16	-
Other Current Liabilities	-	-	0.52	-	-
Total Current Liabilities	8.23	7.76	47.18	12.97	2.59
Long-Term Debt	21.04	16.08	0.14	-	-
Long-Term Leases	0.56	0.05	0.05	0.13	-
Long-Term Deferred Tax Liabilities	0.88	0.88	-	-	-
Other Long-Term Liabilities	0.13	3.77	0.01	0	0.01
Total Liabilities	30.85	28.54	47.38	13.11	2.59
Common Stock	0	0	0	0	0
Additional Paid-In Capital	108.11	90.5	1.61	1.15	0.76
Retained Earnings	-95.61	-70.59	-133.65	-97.06	-73.39
Comprehensive Income & Other	-0.1	0	0.02	0.03	0
Total Common Equity	12.4	19.91	-132.02	-95.88	-72.62
Shareholders' Equity	12.4	19.91	-40.55	-4.41	18.85
Total Liabilities & Equity	43.25	48.45	6.83	8.7	21.44
Total Debt	21.76	16.27	38.4	9.8	-
Net Cash (Debt)	-4.65	4.32	-37.02	-4.25	18.85
Net Cash Per Share	-0.28	0.65	-48.72	-5.65	25.68
Filing Date Shares Outstanding	22.21	15.38	14.54	0.76	0.73
Total Common Shares Outstanding	22.21	15.2	0.78	0.76	0.73
Working Capital	11.85	17.59	-41.99	-6.24	17.14
Book Value Per Share	0.56	1.31	-169.22	-126.79	-98.90
Tangible Book Value	-8.53	-1.02	-132.02	-95.88	-72.62
Tangible Book Value Per Share	-0.38	-0.07	-169.22	-126.79	-98.90
Machinery	3.89	4.39	2.91	2.53	2.14
Construction In Progress	-	-	0.05	0.05	0.03
Leasehold Improvements	0.3	0.31	0.31	0.3	0.3

Source: S&P Capital IQ. Standard template. Financial Sources.