Smart Capital 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	5.26	8.97	3.88	2.22
Short-Term Investments	1.4	-	-	-
Cash & Short-Term Investments	6.66	8.97	3.88	2.22
Cash Growth	-25.71%	130.96%	74.56%	-
Accounts Receivable	0.17	0.27	0.26	0.09
Other Receivables	0.78	0.94	1.55	0.12
Receivables	0.95	1.21	1.81	0.21
Prepaid Expenses	0.06	0.04	0.01	0.01
Total Current Assets	7.67	10.22	5.7	2.44
Property, Plant & Equipment	0.02	0.02	0.02	0.01
Long-Term Investments	86.6	50.03	35.29	28.12
Other Intangible Assets	0.02	0.03	0.02	0.01
Long-Term Deferred Charges	0.76	0.89	0.06	0.04
Other Long-Term Assets	0.01	4.09	0.01	0.01
Total Assets	95.07	65.29	41.09	30.61
Accounts Payable	0.57	0.58	0.21	0.07
Accrued Expenses	0.13	0.18	0.05	0.02
Current Portion of Long-Term Debt	24.9	5.47	0.7	-
Current Income Taxes Payable	0.62	0.08	0.16	0.05
Other Current Liabilities	1.49	0.64	0.05	0.71
Total Current Liabilities	27.71	6.95	1.18	0.85
Long-Term Debt	0.19	0.19	0.61	5.01
Long-Term Unearned Revenue	0.25	0.4	0.06	-
Other Long-Term Liabilities	0.76	0.76	0.77	0
Total Liabilities	28.91	8.31	2.61	5.87
Common Stock	30.7	29.47	0.22	14.56
Additional Paid-In Capital	4.61	3.81	0.09	-
Retained Earnings	12.28	3.39	1.62	-
Comprehensive Income & Other	2	3.34	23.82	-
Total Common Equity	49.59	40	25.75	14.56
Minority Interest	16.57	16.98	12.73	10.19
Shareholders' Equity	66.16	56.98	38.48	24.74
Total Liabilities & Equity	95.07	65.29	41.09	30.61
Total Debt	25.09	5.66	1.32	5.01
Net Cash (Debt)	-18.43	3.31	2.57	-2.79
Net Cash Growth	-	28.84%	-	-
Net Cash Per Share	-0.60	0.11	0.11	-
Filing Date Shares Outstanding	30.7	29.47	23.68	-
Total Common Shares Outstanding	30.7	29.47	23.68	-
Working Capital	-20.05	3.27	4.52	1.59
Book Value Per Share	1.62	1.36	1.09	-
Tangible Book Value	49.57	39.97	25.73	14.55
Tangible Book Value Per Share	1.61	1.36	1.09	-

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