Energy 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	1.71	4.7	18.83	15.96	1.99
Trading Asset Securities	0.01	-	-	-	-
Cash & Short-Term Investments	1.72	4.7	18.83	15.96	1.99
Cash Growth	-63.37%	-75.05%	17.99%	700.30%	154.96%
Accounts Receivable	4.57	6.38	4.65	23.05	9.73
Other Receivables	1.53	2.28	7.12	0.09	1.51
Receivables	6.1	8.66	11.77	23.14	11.24
Inventory	24.69	24.78	56.41	61.34	6.66
Prepaid Expenses	-	-	0.26	0.08	0.11
Other Current Assets	-	0.03	0.09	0.16	0.01
Total Current Assets	33.86	39.59	87.37	100.68	20.02
Property, Plant & Equipment	25.98	19.89	7.29	1.61	0.04
Long-Term Investments	0.86	0.86	0.91	-	-
Goodwill	0.94	1.02	-	-	-
Other Intangible Assets	2.03	2.48	1.36	0.84	0.06
Long-Term Deferred Charges	2.89	3.18	3.42	3.48	0.48
Other Long-Term Assets	0.19	0.2	0.27	0.16	0.06
Total Assets	66.74	67.23	100.61	106.76	20.67
Accounts Payable	5.41	3.72	9.78	15.38	1.08
Accrued Expenses	0.74	0.67	0.41	0.28	0.11
Current Portion of Long-Term Debt	7.39	5.59	14.08	18.65	2.46
Current Income Taxes Payable	0.32	0.78	0.16	6.02	3.39
Other Current Liabilities	2.34	1.34	0.53	0.76	1.05
Total Current Liabilities	16.2	12.09	24.97	41.09	8.1
Long-Term Debt	4.18	7.2	9.59	5.5	2.38
Long-Term Unearned Revenue	0.61	-	0.39	0.01	0
Pension & Post-Retirement Benefits	0.42	0.32	0.2	0.13	0.15
Long-Term Deferred Tax Liabilities	0	0.01	0.02	0.04	0
Other Long-Term Liabilities	0.07	0.02	-	0.1	0.15
Total Liabilities	21.49	19.64	35.16	46.87	10.79
Common Stock	0.62	0.62	0.61	0.61	0.01
Additional Paid-In Capital	27.19	27.19	27.19	27.19	-
Retained Earnings	17.41	19.68	37.58	31.97	9.86
Comprehensive Income & Other	0.03	0.09	0.07	0.12	0.01
Total Common Equity	45.25	47.57	65.46	59.9	9.88
Minority Interest	0.01	0.02	-	-	-
Shareholders' Equity	45.26	47.59	65.46	59.9	9.88
Total Liabilities & Equity	66.74	67.23	100.61	106.76	20.67
Total Debt	11.57	12.79	23.67	24.15	4.85
Net Cash (Debt)	-9.84	-8.09	-4.83	-8.18	-2.85
Net Cash Per Share	-0.18	-0.15	-0.08	-0.13	-
Filing Date Shares Outstanding	54.08	54.08	61.49	61.38	-
Total Common Shares Outstanding	54.08	54.08	61.49	61.38	-
Working Capital	17.65	27.5	62.4	59.6	11.92
Book Value Per Share	0.84	0.88	1.06	0.98	-
Tangible Book Value	42.28	44.07	64.1	59.06	9.81
Tangible Book Value Per Share	0.78	0.81	1.04	0.96	-
Land	-	7.42	1.63	1.2	-
Machinery	-	0.7	0.34	0.25	0.03
Construction In Progress	-	11.94	5.32	0.11	-

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