Massimo Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2.6	10.21	0.77	0.95	1.29
Cash & Short-Term Investments	2.6	10.21	0.77	0.95	1.29
Cash Growth	50.58%	1233.23%	-19.21%	-26.45%	-
Accounts Receivable	5.38	6.59	9.57	6.83	7.83
Other Receivables	0.42	0.13	0.04	0.07	-
Receivables	5.8	6.72	9.61	6.9	7.83
Inventory	25.09	27.26	25.8	23.76	22.32
Prepaid Expenses	0.81	1.1	0.6	-	-
Other Current Assets	0.34	0.1	1.59	2.98	2.4
Total Current Assets	34.64	45.39	38.36	34.59	33.83
Property, Plant & Equipment	8.45	10.09	1.99	1.85	2.28
Long-Term Deferred Tax Assets	1.24	1.17	0.13	-	-
Long-Term Deferred Charges	-	-	1.46	0.42	-
Other Long-Term Assets	0.05	0.05	-	-	-
Total Assets	44.38	56.69	41.94	36.86	36.11
Accounts Payable	4.7	9.57	10.33	11.11	12.26
Accrued Expenses	0.03	0.17	0.01	0.32	0.25
Short-Term Debt	2.13	5.55	0.3	16.73	5.48
Current Portion of Leases	2.07	2.16	0.89	0.78	0.71
Current Income Taxes Payable	1.09	1.48	2.12	-	-
Current Unearned Revenue	0.36	0.45	1.84	0.7	1.33
Other Current Liabilities	6.36	6.77	3.33	1.5	1.95
Total Current Liabilities	16.73	26.15	18.83	31.13	22
Long-Term Debt	-	-	7.92	-	-
Long-Term Leases	5.93	7.45	0.71	0.66	1.21
Total Liabilities	22.66	33.6	27.46	31.79	23.2
Common Stock	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	7.11	6.61	1.99	1.99	1.99
Retained Earnings	14.56	16.44	13.29	5.07	12.91
Comprehensive Income & Other	-	-	-0.83	-2.03	-2.03
Shareholders' Equity	21.72	23.1	14.49	5.07	12.91
Total Liabilities & Equity	44.38	56.69	41.94	36.86	36.11
Total Debt	10.13	15.16	9.82	18.16	7.4
Net Cash (Debt)	-7.53	-4.95	-9.05	-17.22	-6.12
Net Cash Per Share	-0.18	-0.12	-0.23	-0.43	-0.15
Filing Date Shares Outstanding	41.64	41.55	41.3	40	40
Total Common Shares Outstanding	41.64	41.54	40	40	40
Working Capital	17.91	19.24	19.53	3.46	11.83
Book Value Per Share	0.52	0.56	0.36	0.13	0.32
Tangible Book Value	21.72	23.1	14.49	5.07	12.91
Tangible Book Value Per Share	0.52	0.56	0.36	0.13	0.32
Machinery	1	1	0.92	0.87	0.71
Leasehold Improvements	0.09	0.09	0.09	0.05	0.02

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