Havanna Holding Balance Sheet

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

Millions ARS. 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	1,479	1,313	1,265	2,231	583.35	100.88
Short-Term Investments	12,708	3,007	5,511	626.17	438.96	0
Cash & Short-Term Investments	14,187	4,320	6,776	2,857	1,022	100.88
Cash Growth	12.72%	-36.25%	137.13%	179.51%	913.40%	30.18%
Accounts Receivable	17,557	21,234	19,511	10,258	3,517	1,545
Other Receivables	4,159	1,708	1,542	898.65	186.73	69.93
Receivables	21,717	22,942	21,053	11,157	3,704	1,615
Inventory	21,153	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	57,057	49,121	47,787	25,678	9,636	3,190
Property, Plant & Equipment	57,227	52,152	49,625	31,633	11,915	3,401
Long-Term Investments	3,325	2,232	2,186	2,015	-	-
Goodwill	36,100	32,985	32,985	25,074	11,514	3,698
Other Intangible Assets	266.71	243.49	342.18	331.4	155.76	48.91
Other Long-Term Assets	815.84	841.57	548.99	747.24	801.82	137.18
Total Assets	154,791	137,575	133,474	85,478	34,024	10,474
Accounts Payable	11,296	11,873	12,958	6,116	2,381	963.74
Accrued Expenses	9,571	8,636	9,335	5,471	2,286	906.78
Short-Term Debt	1,955	-	-	-	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	6,379	2,197	2,177	1,700	373.55	80.98
Total Current Liabilities	29,201	29,483	55,574	26,308	11,625	5,137
Long-Term Debt	32,362	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	8,122	7,858	8,510	7,153	2,737	911.21
Other Long-Term Liabilities	7,881	1,496	1,889	1,056	162.2	31.98
Total Liabilities	77,567	74,006	75,073	35,875	15,190	6,372
Common Stock	46.98	46.98	46.98	46.98	46.98	46.98
Additional Paid-In Capital	149.79	149.79	149.79	149.79	149.79	149.79
Retained Earnings	43,998	33,199	28,358	25,641	8,409	777.73
Comprehensive Income & Other	29,536	27,300	27,196	21,521	9,376	2,891
Total Common Equity	73,730	60,695	55,751	47,358	17,982	3,865
Minority Interest	3,493	2,874	2,650	2,245	852.3	236.59
Shareholders' Equity	77,224	63,569	58,401	49,603	18,834	4,102
Total Liabilities & Equity	154,791	137,575	133,474	85,478	34,024	10,474
Total Debt	34,317	41,505	36,612	10,383	4,503	3,169
Net Cash (Debt)	-20,131	-37,185	-29,837	-7,526	-3,480	-3,069
Net Cash Per Share	-428.53	-791.57	-635.14	-160.21	-74.09	-65.32
Filing Date Shares Outstanding	46.98	46.98	46.98	46.98	46.98	46.98
Total Common Shares Outstanding	46.98	46.98	46.98	46.98	46.98	46.98
Working Capital	27,855	19,638	-7,788	-629.88	-1,989	-1,947
Book Value Per Share	1569.50	1292.05	1186.79	1008.13	382.78	82.28
Tangible Book Value	37,364	27,467	22,424	21,952	6,311	118.75
Tangible Book Value Per Share	795.37	584.70	477.34	467.31	134.35	2.53

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