Ecoener 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	76.5	71.36	75.52	80.39	42.54
Short-Term Investments	3.67	4.14	2.37	10.03	42.21
Accounts Receivable	12.66	11.69	9.38	9.33	7.3
Other Receivables	31.3	21.19	7.02	6.6	13.31
Inventory	4.79	-	1.15	-	-
Other Current Assets	8.67	7.63	5.96	4.97	1.71
Total Current Assets	137.57	116.01	101.4	111.31	107.08
Property, Plant & Equipment	683.93	648.21	436.85	341.77	229.81
Goodwill	3.91	3.91	3.91	3.91	3.91
Other Intangible Assets	4.3	5.4	3.97	3.89	4.09
Long-Term Investments	5.72	4.83	4.07	0.22	0.25
Long-Term Deferred Tax Assets	48.57	40.56	28.94	22.39	22.09
Other Long-Term Assets	12.58	2.71	1.09	0.66	0.67
Total Assets	896.58	821.62	580.23	484.15	367.89
Accounts Payable	3.8	11.65	5.01	13.81	1.22
Accrued Expenses	2.46	1.9	1.22	1.18	0.47
Current Portion of Long-Term Debt	149.69	81.98	55.79	15.43	16.1
Current Unearned Revenue	-	-	0.14	-	-
Current Portion of Leases	1.11	0.82	0.64	0.53	0.28
Current Income Taxes Payable	2.81	2.83	0.53	0.23	0.08
Other Current Liabilities	13.16	15.74	13.04	14.76	6.72
Total Current Liabilities	173.02	114.93	76.37	45.94	24.86
Long-Term Debt	539.02	520.6	326.17	262.68	186.32
Long-Term Leases	10.38	11.18	8.81	8.83	7.14
Long-Term Unearned Revenue	12.99	10.68	12.18	16.05	15.58
Long-Term Deferred Tax Liabilities	10.19	4.65	2.79	1.96	1.14
Other Long-Term Liabilities	7.64	8.71	16.17	16.16	13.72
Total Liabilities	753.24	670.75	442.49	351.62	248.76
Common Stock	18.22	18.22	18.22	18.22	18.22
Additional Paid-In Capital	105.9	105.9	105.9	105.9	105.9
Retained Earnings	5.44	4.7	11.01	16.88	6.06
Treasury Stock	-0.05	-0.07	-0.08	-0.12	-
Comprehensive Income & Other	-6	8.95	-7.85	-18.45	-19.1
Total Common Equity	123.51	137.71	127.21	122.42	111.08
Minority Interest	19.84	13.16	10.53	10.1	8.05
Shareholders' Equity	143.35	150.87	137.74	132.52	119.13
Total Liabilities & Equity	896.58	821.62	580.23	484.15	367.89
Total Debt	700.2	614.58	391.41	287.46	209.84
Net Cash (Debt)	-620.03	-539.08	-313.51	-197.05	-125.09
Net Cash Per Share	-10.92	-9.47	-5.51	-3.46	-2.91
Filing Date Shares Outstanding	56.93	56.93	56.93	56.92	56.95
Total Common Shares Outstanding	56.93	56.93	56.93	56.92	56.95
Working Capital	-35.44	1.08	25.04	65.37	82.21
Book Value Per Share	2.17	2.42	2.23	2.15	1.95
Tangible Book Value	115.3	128.4	119.33	114.63	103.08
Tangible Book Value Per Share	2.03	2.26	2.10	2.01	1.81
Land	171.38	137.23	128.66	127.64	124.72
Machinery	505.25	318.58	300.36	146.38	131.39
Construction In Progress	128.47	297.45	98.42	147.43	44.09

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