AVE S.A. 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 2021
Period Ending	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	1.02	0.56	4.17	7.45	14.71
Cash & Short-Term Investments	1.02	0.56	4.17	7.45	14.71
Cash Growth	84.19%	-86.66%	-44.07%	-49.34%	160.40%
Accounts Receivable	5.62	3.95	3.21	23.69	23.41
Other Receivables	5.35	5.31	3.12	2.26	5
Receivables	10.97	9.25	6.33	25.94	28.41
Inventory	3.2	3.03	2.44	6.89	5.93
Prepaid Expenses	-	-	0.46	1.32	0.59
Other Current Assets	-	-0	2.79	7.76	4.92
Total Current Assets	15.19	12.84	16.2	49.37	54.55
Property, Plant & Equipment	8.14	10.43	7.6	7.74	10.62
Goodwill	-	-	3.71	0.57	2.25
Other Intangible Assets	14.42	13.19	16.12	25.11	29.67
Long-Term Deferred Tax Assets	0.58	1.09	1.46	-	-
Other Long-Term Assets	3.04	0.25	3.82	2.58	8.69
Total Assets	41.37	37.79	48.91	85.37	105.78
Accounts Payable	10.3	8.82	6.19	27.23	27.16
Accrued Expenses	-	-	0.58	0.81	1.99
Short-Term Debt	-	7.97	7.61	7.6	5.31
Current Portion of Long-Term Debt	-	-	1.9	4.46	6.85
Current Portion of Leases	-	-	0.52	0.38	0.15
Current Income Taxes Payable	-	-	0.01	0.52	0.59
Other Current Liabilities	11.97	5.01	4.18	6.73	8.1
Total Current Liabilities	22.27	21.81	20.99	47.73	50.15
Long-Term Debt	4.75	5.57	25.28	29.44	40.79
Long-Term Leases	-	-	2.78	1.54	5.32
Pension & Post-Retirement Benefits	0.19	0.2	0.14	0.25	0.39
Long-Term Deferred Tax Liabilities	-	-	-	1.29	1.52
Other Long-Term Liabilities	6.23	0.39	5.82	0.61	1.96
Total Liabilities	33.44	27.97	55.02	80.86	100.15
Common Stock	7.13	7.13	6.89	6.75	6.63
Additional Paid-In Capital	8.06	41.56	28.89	22.03	19.15
Retained Earnings	-6.87	-38.82	-46.73	-36.59	-30.16
Comprehensive Income & Other	0.11	0.11	4.81	5.43	2.62
Total Common Equity	8.42	9.97	-6.14	-2.38	-1.77
Minority Interest	-0.49	-0.14	0.03	6.89	7.39
Shareholders' Equity	7.93	9.83	-6.11	4.51	5.63
Total Liabilities & Equity	41.37	37.79	48.91	85.37	105.78
Total Debt	4.75	13.55	38.1	43.42	58.43
Net Cash (Debt)	-3.73	-12.99	-33.93	-35.97	-43.72
Net Cash Per Share	-0.02	-	-0.22	-0.24	-0.26
Filing Date Shares Outstanding	178.16	-	175.8	151.65	148.65
Total Common Shares Outstanding	178.16	-	155.15	151.65	148.65
Working Capital	-7.08	-8.97	-4.8	1.64	4.39
Book Value Per Share	0.05	-	-0.04	-0.02	-0.01
Tangible Book Value	-6	-3.23	-25.97	-28.07	-33.68
Tangible Book Value Per Share	-0.03	-	-0.17	-0.19	-0.23
Land	-	-	0.12	1	1.01
Buildings	-	-	7.36	8.11	13.62
Machinery	-	-	10.35	9.8	10.23