BMV:VOLAR.A Balance Sheet

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

Millions USD. 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	754	907.98	774.15	711.85	741.12
Short-Term Investments	20	45.74	15.27	-	-
Cash & Short-Term Investments	774	953.72	789.42	711.85	741.12
Cash Growth	-18.84%	20.81%	10.90%	-3.95%	46.33%
Accounts Receivable	262	5.99	3.76	65	52.01
Other Receivables	-	112.73	239.56	178.65	60.09
Receivables	262	118.71	243.32	243.65	112.11
Inventory	17	16.63	16.12	15.76	14.4
Prepaid Expenses	-	27.82	29.96	23.22	23.82
Other Current Assets	341	265.17	168.83	71.6	87.53
Total Current Assets	1,394	1,382	1,248	1,066	978.98
Property, Plant & Equipment	3,479	3,055	2,754	2,474	2,118
Long-Term Investments	-	0.27	1.68	1.59	-
Other Intangible Assets	38	25.96	16.22	12.73	12.63
Long-Term Deferred Tax Assets	360	286.2	236.03	208.01	141.27
Other Long-Term Assets	366	954.17	890.78	705.01	733.67
Total Assets	5,637	5,704	5,146	4,468	3,985
Accounts Payable	192	161.24	233.86	194.86	108.16
Accrued Expenses	269	202.63	169.16	190.23	189.39
Current Portion of Long-Term Debt	262	283.62	220.29	112.15	196.9
Current Portion of Leases	409	391.16	372.7	335.62	283.84
Current Income Taxes Payable	12	28.74	8.31	5.74	4.19
Current Unearned Revenue	361	363.63	347.11	351.49	307.65
Other Current Liabilities	412	339.25	270.16	229.66	161.4
Total Current Liabilities	1,917	1,770	1,622	1,420	1,252
Long-Term Debt	441	526.36	432.78	160.89	108.04
Long-Term Leases	2,744	2,670	2,519	2,373	2,128
Pension & Post-Retirement Benefits	15	12.79	14.64	10.99	3.97
Long-Term Deferred Tax Liabilities	12	17.93	15.71	10.46	11.19
Other Long-Term Liabilities	245	341.18	299.92	257.74	168.41
Total Liabilities	5,374	5,339	4,903	4,233	3,671
Common Stock	248	248.28	248.28	248.28	248.28
Additional Paid-In Capital	283	283.36	282.04	283.17	281.04
Retained Earnings	-109	-4.35	-130.72	-138.54	-58.32
Treasury Stock	-13	-12.79	-11.56	-12.87	-8.65
Comprehensive Income & Other	-146	-149.69	-145.45	-145.31	-149.21
Shareholders' Equity	263	364.81	242.59	234.74	313.14
Total Liabilities & Equity	5,637	5,704	5,146	4,468	3,985
Total Debt	3,856	3,872	3,545	2,982	2,717
Net Cash (Debt)	-3,082	-2,918	-2,755	-2,270	-1,976
Net Cash Per Share	-2.68	-2.50	-2.36	-1.95	-1.70
Filing Date Shares Outstanding	1,149	1,150	1,151	1,166	1,166
Total Common Shares Outstanding	1,149	1,150	1,151	1,166	1,166
Working Capital	-523	-388.21	-373.94	-353.66	-272.55
Book Value Per Share	0.23	0.32	0.21	0.20	0.27
Tangible Book Value	225	338.86	226.38	222.01	300.51
Tangible Book Value Per Share	0.20	0.29	0.20	0.19	0.26
Buildings	-	9.15	8.8	7.56	7.46
Machinery	-	420.69	211.74	119.05	114.56
Construction In Progress	-	14.24	27.14	31.9	26.52
Leasehold Improvements	-	728.2	579.35	421.13	258.88

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