Tubacex 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	144.73	225.27	159.32	164.22	140.49
Short-Term Investments	-	-	-	0.65	0.65
Trading Asset Securities	13.7	13.88	21.68	11.99	16.99
Cash & Short-Term Investments	158.43	239.15	181	176.85	158.13
Cash Growth	-33.75%	32.13%	2.34%	11.84%	-15.08%
Accounts Receivable	73.82	76.61	74.22	89.24	84.88
Other Receivables	32.37	31.56	22.89	26.61	-
Receivables	106.19	108.17	97.11	115.85	84.88
Inventory	396.12	423.17	411.13	378.33	313.51
Other Current Assets	3.5	2.73	3.93	7.28	2.45
Total Current Assets	664.24	773.22	693.16	678.31	558.97
Property, Plant & Equipment	319.22	304.58	286.17	266.79	259.71
Long-Term Investments	21.18	4.68	5.51	8.34	4.95
Goodwill	6.75	8.01	7.77	8.13	8.33
Other Intangible Assets	107.96	109.71	104.8	106.25	105.77
Long-Term Deferred Tax Assets	95.81	93.29	93.56	91.97	85.64
Other Long-Term Assets	1.86	39.22	20.5	-	18.43
Total Assets	1,217	1,333	1,211	1,160	1,042
Accounts Payable	146.05	189.57	250.89	237.58	151.22
Accrued Expenses	30.12	-	48.36	30.12	22.04
Short-Term Debt	50.34	50.18	83.47	90.58	37.05
Current Portion of Long-Term Debt	275.56	273.36	269.85	226.13	200.34
Current Income Taxes Payable	-	4.81	0.13	1.49	1.19
Other Current Liabilities	41.09	88.68	58.67	57.13	42.23
Total Current Liabilities	543.16	606.6	711.37	643.03	454.07
Long-Term Debt	176.97	169.75	126.04	171.6	276.82
Long-Term Leases	27.11	24.16	27.76	12.93	12.35
Long-Term Unearned Revenue	9.82	7.51	11.83	11.36	9.41
Pension & Post-Retirement Benefits	7.34	7.85	7.7	9.18	9.59
Long-Term Deferred Tax Liabilities	20.87	23.49	23.65	23.37	23.71
Other Long-Term Liabilities	37.67	11.2	9.47	12.22	6.67
Total Liabilities	822.94	850.56	917.82	883.69	792.6
Common Stock	56.95	56.95	56.95	58.04	58.04
Additional Paid-In Capital	17.11	17.11	17.11	17.11	17.11
Retained Earnings	227.34	238.6	110.7	68.56	0.41
Treasury Stock	-11.7	-10.79	-11.67	-15.55	-10.42
Comprehensive Income & Other	2.62	76.16	66.96	93.32	132.28
Total Common Equity	292.31	378.03	240.04	221.48	197.41
Minority Interest	101.78	104.12	53.6	54.61	51.78
Shareholders' Equity	394.09	482.15	293.64	276.09	249.19
Total Liabilities & Equity	1,217	1,333	1,211	1,160	1,042
Total Debt	529.99	517.46	507.13	501.23	526.55
Net Cash (Debt)	-371.56	-278.31	-326.13	-324.38	-368.42
Net Cash Per Share	-3.03	-2.23	-2.63	-2.61	-2.99
Filing Date Shares Outstanding	122.71	121.69	120.8	120.74	123.18
Total Common Shares Outstanding	122.71	121.69	120.8	120.74	123.18
Working Capital	121.08	166.62	-18.2	35.28	104.9
Book Value Per Share	2.38	3.11	1.99	1.83	1.60
Tangible Book Value	177.6	260.3	127.48	107.1	83.32
Tangible Book Value Per Share	1.45	2.14	1.06	0.89	0.68
Land	19.35	20.84	20.84	-	21.01
Buildings	149.46	158.31	132.53	-	130.66
Machinery	-	-	722.42	-	675.82

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