Apr. 16 at 2:45 PM
$GRRR
As of December 31, 2025 and 2024:
cash and cash equivalents of
$99.53 million and
$21.70 million, respectively.
Restricted cash and time deposits with maturities exceeding 3months but less than one year of
$5.30 million and
$15.77 million, respectively.
Contract assets related to the Egypt Contract as of Dec 31, 2025 were
$57.85 million, which are expected to be converted to accounts receivable upon anticipated progress payments from the GoE in the subsequent year.
Our net working capital as of Dec 31, 2025 and 2024, was
$163.77 million and
$51.36 million.
The increase in working capital was primarily due to higher cash/cash equivalents, higher accounts receivables and contract assets.
As of Dec 31, 2025 and 2024, we had
$3.27 million and
$10.67 million, respectively, available for borrowings under our revolving credit facilities.
As of Dec 31, 2025, our short-term borrowings were
$9.43 million, while our long-term bank borrowings, amounted to
$4.37 million...
