32 Georgia Ports Annual Report 2026 As of June 30, 2026, 2025, and 2024 Georgia Ports Authority Condensed Statements of Net Position (In thousands) 2026 2025 2024 Assets: Current assets $ 1,216,309 $ 1,403,063 $ 1,546,621 Capital assets 3,503,364 3,129,622 2,773,509 Other long-term assets 337,240 313,757 292,978 Total assets $ 5,056,913 $ 4,846,442 $ 4,613,108 Deferred outflows of resources $40,214 $31,954 $45,846 Liabilities: Current liabilities Other non-current liabilities 1,296,391 1,327,158 1,362,079 Total liabilities $ 1,483,561 $ 1,512,597 $ 1,525,046 Deferred inflows of resources $ 318,374 $ 288,036 $ 278,349 Net position: Net investment in capital assets $ 2,176,442 $ 2,045,322 $ 1,931,936 Restricted for debt service 16,547 16,350 16,160 Restricted for net pension asset 13,110 9,108 - Unrestricted 1,089,093 1,006,613 907,463 Total net position $ 3,295,192 $ 3,077,403 $ 2,855,559 For the fiscal years ended June 30, 2026, 2025, and 2024 Georgia Ports Authority Condensed Statements of Revenues, Expenses and Changes in Net Position (In thousands) 2026 2025 2024 Operating revenues $ 824,464 $ 798,854 $ 698,661 Operating expenses 618,238 590,711 527,737 Operating income 206,226 208,143 170,924 Non-operating income (expense) 11,563 13,701 (10,698) Change in net position $ 217,789 $ 221,844 $ 160,226 Condensed Statements of Cash Flows Cash flows from operating activities $ 337,122 $ 355,217 $ 269,855 Cash flows from investing activities 49,563 66,417 83,040 Cash flows from non-capital financing activities (18,243) (21,880) (11,616) Cash flows from capital and related financing activities (571,124) (566,157) (642,806) Net increase (decrease) in cash and cash equivalents (202,682) (166,403) (301,527) Balances — Beginning of the year 1,265,953 1,432,356 1,733,883 Balances — End of the year $ 1,063,271 $ 1,265,953 $ 1,432,356 $ 187,170 $ 185,799 $ 162,967