Lulu Retail Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	414.2	329.54	346.21	277.69	441.4	326.58
Short-Term Investments	-	27.01	27.78	25.7	26.54	20.86
Cash & Short-Term Investments	414.2	356.55	373.99	303.39	467.93	347.44
Cash Growth	-19.52%	-4.66%	23.27%	-35.16%	34.68%	-
Accounts Receivable	446.54	237.42	257.22	207.08	186.97	101.68
Other Receivables	1.23	20.04	39.6	2,432	1,722	1,409
Receivables	447.77	257.46	296.82	2,639	1,909	1,511
Inventory	1,521	1,491	1,474	1,375	1,395	1,296
Prepaid Expenses	-	87.19	72.43	50.28	71.73	57.4
Other Current Assets	-	31.09	29.36	278.63	35.19	49.61
Total Current Assets	2,383	2,223	2,246	4,646	3,879	3,262
Property, Plant & Equipment	3,273	3,178	3,165	3,330	4,789	4,486
Long-Term Investments	-	-	1.2	1.37	1.5	1.62
Long-Term Deferred Tax Assets	26.92	27.06	24.73	11.78	18.28	13.14
Other Long-Term Assets	11.56	11.94	13.47	15.07	61.16	61.7
Total Assets	5,695	5,440	5,451	8,004	8,748	7,825
Accounts Payable	1,460	1,084	1,147	1,213	1,177	1,142
Accrued Expenses	-	105.34	109.96	51.8	38.73	37.05
Short-Term Debt	-	855.02	963.97	588.77	847.37	976.67
Current Portion of Long-Term Debt	817.09	2.15	1.99	26.85	494.09	316.26
Current Portion of Leases	189.75	181.19	175.66	173.43	206.98	192.68
Current Income Taxes Payable	42.98	43.65	36.68	17.67	13.1	11.83
Current Unearned Revenue	-	-	-	-	1.69	1.74
Other Current Liabilities	24.73	156.87	86.85	2,644	753.95	148.63
Total Current Liabilities	2,535	2,428	2,522	4,715	3,533	2,827
Long-Term Debt	6.16	6.71	8.39	513.38	1,338	1,425
Long-Term Leases	1,898	1,790	1,724	1,828	2,892	2,570
Long-Term Unearned Revenue	-	-	-	-	16.73	18.43
Pension & Post-Retirement Benefits	195.46	205.56	198.41	176.79	169.11	163
Long-Term Deferred Tax Liabilities	4.21	4.37	4.9	4.63	5.35	5.06
Total Liabilities	4,639	4,435	4,458	7,237	7,955	7,008
Common Stock	144.61	144.61	144.61	-	-	-
Retained Earnings	911.98	865.19	843.47	692.12	716.99	733.71
Comprehensive Income & Other	-0.82	-5.03	4.78	74.79	76.17	82.97
Shareholders' Equity	1,056	1,005	992.86	766.91	793.16	816.67
Total Liabilities & Equity	5,695	5,440	5,451	8,004	8,748	7,825
Total Debt	2,911	2,836	2,874	3,130	5,779	5,480
Net Cash (Debt)	-2,497	-2,479	-2,500	-2,827	-5,311	-5,132
Net Cash Per Share	-0.24	-0.24	-0.24	-0.27	-0.51	-0.50
Filing Date Shares Outstanding	10,399	10,329	10,329	-	10,329	10,329
Total Common Shares Outstanding	10,399	10,329	10,329	-	10,329	10,329
Working Capital	-151.7	-204.87	-275.7	-68.67	345.44	434.31
Book Value Per Share	0.10	0.10	0.10	-	0.08	0.08
Tangible Book Value	1,056	1,005	992.86	766.91	793.16	816.67
Tangible Book Value Per Share	0.10	0.10	0.10	-	0.08	0.08
Land	-	34.1	34.1	33.84	58.99	60.12
Buildings	-	1,527	1,441	1,391	1,345	1,251
Machinery	-	2,084	2,001	1,910	1,843	1,726
Construction In Progress	-	91.96	124.52	137.09	506.04	542.56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.