Aerodrom Nikola Tesla a.d. (BELEX:AERO)

BELEX:AERO Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	4,465	725.6	1,768	546.95	770.85	612.13
Short-Term Investments	2,432	3,430	1,397	457.83	45.65	46.38
Cash & Short-Term Investments	6,897	4,155	3,165	1,005	816.51	658.51
Cash Growth	69.06%	31.27%	215.03%	23.06%	23.99%	-14.67%
Accounts Receivable	0.79	372.19	307.94	280.77	187.65	9.21
Other Receivables	217.72	44.28	49.04	1,745	1,717	1,689
Receivables	218.51	416.47	356.98	2,026	1,905	1,698
Inventory	1,215	34.44	1.39	1.3	2.95	1.72
Other Current Assets	-	0.26	0.13	0.2	0.23	0.22
Total Current Assets	8,331	4,606	3,524	3,032	2,724	2,359
Property, Plant & Equipment	49,780	49,795	50,391	38,489	28,773	27,812
Long-Term Investments	81.67	-	-	-	-	-
Other Intangible Assets	14.48	5.63	11.98	19.25	8.47	20.46
Other Long-Term Assets	695.15	846.69	1,569	1,754	2,004	2,082
Total Assets	58,902	55,341	55,591	43,402	33,509	32,274

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	25.47	14.05	16.88	27.13	19.1	14.43
Accrued Expenses	220.58	0.59	0.88	0.91	0.79	0.89
Current Portion of Long-Term Debt	4.81	-	-	-	-	-
Current Portion of Leases	-	19.31	15.86	13.22	24.28	24.61
Current Unearned Revenue	-	929.12	921.32	706.27	216.59	159.92
Other Current Liabilities	104.12	20.29	18.67	20.31	20.33	20.35
Total Current Liabilities	354.98	983.36	973.6	767.83	281.1	220.21
Long-Term Debt	44.9	-	-	-	-	-
Long-Term Leases	-	43.69	50.83	-	11.87	30.82
Long-Term Unearned Revenue	16,078	16,078	16,685	12,827	3,685	2,509
Pension & Post-Retirement Benefits	-	3.76	4.07	2.87	2.22	1.95
Long-Term Deferred Tax Liabilities	1,998	1,999	1,998	827.67	795.57	769.92
Other Long-Term Liabilities	67.83	101.83	97.16	97.34	93.18	124.38
Total Liabilities	18,544	19,209	19,809	14,523	4,869	3,656

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	22,776	21,016	21,016	21,016	21,016	21,016
Additional Paid-In Capital	2,298	306.86	306.86	306.86	306.86	306.86
Retained Earnings	477.02	6,204	5,811	5,369	5,119	5,081
Comprehensive Income & Other	14,807	8,604	8,648	2,188	2,199	2,214
Shareholders' Equity	40,358	36,131	35,781	28,879	28,640	28,617
Total Liabilities & Equity	58,902	55,341	55,591	43,402	33,509	32,274

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	49.71	63	66.69	13.22	36.16	55.43
Net Cash (Debt)	6,847	4,092	3,099	991.56	780.35	603.09
Net Cash Growth	70.86%	32.06%	212.51%	27.07%	29.39%	-21.85%
Net Cash Per Share	186.32	117.02	88.61	28.31	22.28	17.22
Filing Date Shares Outstanding	38.08	34.97	34.97	34.97	34.97	35.03
Total Common Shares Outstanding	38.08	34.97	34.97	34.97	34.97	35.03
Working Capital	7,976	3,623	2,550	2,264	2,443	2,139
Book Value Per Share	1059.91	1033.19	1023.18	825.82	818.98	817.03
Tangible Book Value	40,344	36,126	35,769	28,860	28,632	28,597
Tangible Book Value Per Share	1059.52	1033.03	1022.84	825.27	818.74	816.45
Land	-	21,551	21,551	14,180	14,180	14,180
Buildings	-	26,661	26,386	22,909	12,528	11,225
Machinery	-	2,631	2,757	4,077	4,112	4,112
Construction In Progress	-	253.18	285.49	258.58	249.36	141.32

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

Data Sources Report a data error