Havanna Holding Balance Sheet

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

Millions ARS. 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	1,313	1,265	2,231	583.35	100.88
Short-Term Investments	3,007	5,511	626.17	438.96	0
Cash & Short-Term Investments	4,320	6,776	2,857	1,022	100.88
Cash Growth	-36.25%	137.13%	179.51%	913.40%	30.18%
Accounts Receivable	21,234	19,511	10,258	3,517	1,545
Other Receivables	1,708	1,542	898.65	186.73	69.93
Receivables	22,942	21,053	11,157	3,704	1,615
Inventory	19,969	18,722	11,018	4,630	1,045
Prepaid Expenses	669.6	614.84	328.65	189.7	27.69
Other Current Assets	1,221	621.02	316.84	90.21	401.92
Total Current Assets	49,121	47,787	25,678	9,636	3,190
Property, Plant & Equipment	52,152	49,625	31,633	11,915	3,401
Long-Term Investments	2,232	2,186	2,015	-	-
Goodwill	32,985	32,985	25,074	11,514	3,698
Other Intangible Assets	243.49	342.18	331.4	155.76	48.91
Other Long-Term Assets	841.57	548.99	747.24	801.82	137.18
Total Assets	137,575	133,474	85,478	34,024	10,474
Accounts Payable	11,873	12,958	6,116	2,381	963.74
Accrued Expenses	8,636	9,335	5,471	2,286	906.78
Short-Term Debt	-	-	-	259.16	650.57
Current Portion of Long-Term Debt	3,069	24,229	7,777	2,955	2,105
Current Portion of Leases	3,266	3,283	1,248	622.88	121.81
Current Income Taxes Payable	441.15	3,592	3,996	2,748	308.38
Other Current Liabilities	2,197	2,177	1,700	373.55	80.98
Total Current Liabilities	29,483	55,574	26,308	11,625	5,137
Long-Term Debt	32,434	5,920	1,093	64.95	217.71
Long-Term Leases	2,735	3,180	264.93	600.4	74.43
Long-Term Deferred Tax Liabilities	7,858	8,510	7,153	2,737	911.21
Other Long-Term Liabilities	1,496	1,889	1,056	162.2	31.98
Total Liabilities	74,006	75,073	35,875	15,190	6,372
Common Stock	46.98	46.98	46.98	46.98	46.98
Additional Paid-In Capital	149.79	149.79	149.79	149.79	149.79
Retained Earnings	33,199	28,358	25,641	8,409	777.73
Comprehensive Income & Other	27,300	27,196	21,521	9,376	2,891
Total Common Equity	60,695	55,751	47,358	17,982	3,865
Minority Interest	2,874	2,650	2,245	852.3	236.59
Shareholders' Equity	63,569	58,401	49,603	18,834	4,102
Total Liabilities & Equity	137,575	133,474	85,478	34,024	10,474
Total Debt	41,505	36,612	10,383	4,503	3,169
Net Cash (Debt)	-37,185	-29,837	-7,526	-3,480	-3,069
Net Cash Per Share	-791.57	-635.14	-160.21	-74.09	-65.32
Filing Date Shares Outstanding	46.98	46.98	46.98	46.98	46.98
Total Common Shares Outstanding	46.98	46.98	46.98	46.98	46.98
Working Capital	19,638	-7,788	-629.88	-1,989	-1,947
Book Value Per Share	1292.05	1186.79	1008.13	382.78	82.28
Tangible Book Value	27,467	22,424	21,952	6,311	118.75
Tangible Book Value Per Share	584.70	477.34	467.31	134.35	2.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.