Substrate Artificial Inteligence, S.A. (BME:SAI)

Spain · Delayed Price · Currency is EUR

0.0690

-0.0032 (-4.43%)

Aug 7, 2026, 1:48 PM CET

BME:SAI Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

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	2.94	2.18	9.03	3.25	0.54
Short-Term Investments	3.25	1.77	0.05	0.03	0.83
Cash & Short-Term Investments	6.19	3.95	9.09	3.28	1.36
Cash Growth	56.60%	-56.50%	177.33%	140.09%	-
Accounts Receivable	8.17	4.99	4.27	0.47	0.25
Other Receivables	0.21	0.3	0.09	0.78	0.01
Total Trade Receivables	8.38	5.3	4.36	1.25	0.26
Inventory	1.83	0.76	0.78	0.28	0
Other Current Assets	0.03	0.01	0.03	-0.01	0.38
Total Current Assets	13.33	8.04	9.72	3.16	1.32
Net Property, Plant & Equipment	0.87	1.37	0.79	0.66	0.12
Other Intangible Assets	21.69	16.96	10.98	2.37	7.15
Goodwill	7.48	6.59	20.81	16.33	22.31
Long-Term Investments	42.34	54.37	1.98	0.49	1.97
Other Long-Term Assets	1.37	1.16	1.97	0.92	0.3
Total Assets	65.93	61.32	45.26	23.69	32.19

Liabilities

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
Accounts Payable	9.02	4.75	2.62	0.27	0.12
Accrued Expenses	0.92	1.59	0.83	0.13	0.03
Short-Term Debt	4.98	4.09	6.92	1.29	4.86
Current Portion of Leases	0.13	0.15	0.12	0.08	-
Unearned Revenue	0.26	0.07	0.1	0.02	-0.01
Other Current Liabilities	1.7	2.47	2.57	0.73	0.12
Total Current Liabilities	17.01	13.12	13.14	2.52	5.12
Long-Term Debt	4.47	4.08	6	2.65	0.43
Long-Term Leases	0.4	0.51	0.46	0.43	-
Other Long-Term Liabilities	1.84	2.36	2.36	0.29	-
Total Long-Term Liabilities	6.31	6.44	8.36	2.94	0.43
Total Liabilities	23.32	19.56	21.51	5.46	5.55

Shareholders' Equity

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
Common Stock	20.96	12.75	7.34	2.45	4.06
Treasury Stock	-3.23	-3.25	-1.84	-1.12	0.01
Additional Paid-in Capital	53.29	52.37	46.94	34.9	26.66
Retained Earnings	-31.27	-21.1	-26.73	-18.08	-2.22
Total Common Shareholders' Equity	39.75	40.78	25.71	33.23	53.11
Minority Interest	2.86	0.97	-1.96	0.08	0.16
Shareholders' Equity	42.61	41.75	23.75	18.23	53.26
Total Liabilities & Equity	65.93	61.32	45.26	23.69	32.19

Additional Metrics

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
Total Debt	9.98	8.84	13.49	4.45	5.29
Net Cash (Debt)	-3.79	-4.89	-4.4	-1.18	-3.92
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-0.03	-0.05	-0.10	-0.05	-0.19
Book Value	39.75	40.78	25.71	33.23	53.11
Book Value Per Share	0.33	0.43	0.58	1.41	2.62
Tangible Book Value	10.58	17.23	-6.08	14.53	23.65
Tangible Book Value Per Share	0.09	0.18	-0.14	0.62	1.17