Vulcan Energy Resources Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jun '22 Jun 30, 2022
Cash & Equivalents	517.84	97.05	78.73	134.11	175.42
Cash & Short-Term Investments	517.84	97.05	78.73	134.11	175.42
Cash Growth	433.56%	23.28%	-41.30%	-23.55%	-
Accounts Receivable	0.86	1.03	0.73	1.3	4.11
Other Receivables	4.08	5.39	4.62	2.77	-
Receivables	4.94	6.42	5.35	4.07	4.11
Inventory	0.34	0.14	0.33	0.16	0.14
Prepaid Expenses	0.55	0.62	0.71	0.27	-
Other Current Assets	5.09	3.71	0.96	1.25	-
Total Current Assets	528.76	107.93	86.07	139.85	179.66
Property, Plant & Equipment	367.61	253.89	190.84	103.41	74.65
Long-Term Investments	8.49	1.8	2.67	0.97	1.21
Goodwill	-	-	-	1.04	1.04
Other Intangible Assets	6.4	4.22	2.31	2.41	2.86
Long-Term Deferred Tax Assets	7.48	3.57	3.21	1.68	1.71
Long-Term Deferred Charges	37.43	6.45	-	-	-
Other Long-Term Assets	0.85	1.39	11.78	0.77	-
Total Assets	957.01	379.25	296.88	250.14	261.14
Accounts Payable	4.53	11.49	9.51	6.48	6.18
Accrued Expenses	18.45	5.38	7.38	2.23	1.91
Short-Term Debt	10.22	-	-	-	-
Current Portion of Leases	1.95	0.77	1.09	0.65	0.44
Current Income Taxes Payable	0.34	0.06	0.11	0.09	0.33
Current Unearned Revenue	-	2.11	-	0.13	-
Other Current Liabilities	16.96	1.3	2.7	1.47	0.87
Total Current Liabilities	52.45	21.1	20.79	11.04	9.73
Long-Term Leases	28.67	3.08	3.33	2.67	2.57
Long-Term Unearned Revenue	-	-	2.82	1.45	-
Long-Term Deferred Tax Liabilities	6.98	1.54	1.41	1.7	1.46
Other Long-Term Liabilities	11.97	1.99	0.26	0.11	0.06
Total Liabilities	100.07	27.7	28.6	16.98	13.82
Common Stock	1,024	453.64	323.74	259.16	258.93
Retained Earnings	-180.77	-111.19	-68.84	-41.87	-28.42
Comprehensive Income & Other	13.7	9.08	13.38	15.88	16.81
Total Common Equity	856.95	351.53	268.28	233.16	247.32
Minority Interest	-	0.02	-	-	-
Shareholders' Equity	856.95	351.55	268.28	233.16	247.32
Total Liabilities & Equity	957.01	379.25	296.88	250.14	261.14
Total Debt	40.83	3.85	4.41	3.32	3.01
Net Cash (Debt)	477.01	93.2	74.32	130.79	172.41
Net Cash Growth	411.80%	25.41%	-43.18%	-24.14%	-
Net Cash Per Share	2.03	0.51	0.47	0.95	1.38
Filing Date Shares Outstanding	477.9	217.57	172.07	143.44	143.34
Total Common Shares Outstanding	477.87	214.53	172.07	143.44	143.09
Working Capital	476.31	86.84	65.29	128.81	169.93
Book Value Per Share	1.79	1.64	1.56	1.63	1.73
Tangible Book Value	850.55	347.32	265.97	229.71	243.42
Tangible Book Value Per Share	1.78	1.62	1.55	1.60	1.70
Land	19.59	4.88	4.83	1.62	-
Machinery	131.74	97.01	32.61	30.62	28.44
Construction In Progress	42.7	67.37	107.1	40.95	22.78

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