Black Sea Property 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	1.15	1.25	2.56	0.24	0.33
Short-Term Investments	11.77	12.16	12.33	-	-
Cash & Short-Term Investments	12.93	13.41	14.89	0.24	0.33
Cash Growth	-3.64%	-9.91%	6119.47%	-26.60%	-11.89%
Accounts Receivable	4.56	3.89	2.42	1.8	0.41
Other Receivables	-	-	-	4.5	4.5
Receivables	4.56	3.89	2.42	6.3	4.91
Prepaid Expenses	0.07	0.03	0.23	0.03	0
Total Current Assets	17.56	17.34	17.54	6.57	5.23
Property, Plant & Equipment	36.78	34.56	20.02	0.52	0.02
Long-Term Investments	-	-	-	-	0
Other Intangible Assets	1.8	1.91	1.88	0.45	0.51
Other Long-Term Assets	51	48.35	58.99	47.52	38.14
Total Assets	107.13	102.16	101.19	55.06	43.92
Accounts Payable	0.6	0.42	0.68	0.19	0.02
Accrued Expenses	0.01	0.01	0.08	0.08	-
Short-Term Debt	25.82	24.72	23.31	2.57	-
Current Portion of Long-Term Debt	2.98	3.36	3.7	1.77	1.77
Current Portion of Leases	0.05	-	-	-	-
Current Unearned Revenue	0.16	0.14	0.25	-	-
Other Current Liabilities	5.87	1.86	0.92	0.54	0.17
Total Current Liabilities	35.49	30.52	28.94	5.14	1.96
Long-Term Debt	11.94	14.22	16.87	18.19	14.52
Long-Term Leases	0.09	-	-	-	-
Long-Term Deferred Tax Liabilities	3.37	3.15	2.87	2.41	1.94
Other Long-Term Liabilities	3.3	1.71	2	0.54	0.56
Total Liabilities	54.19	49.6	50.68	26.28	18.99
Common Stock	81.02	81.02	81.02	70.7	70.7
Retained Earnings	-27.61	-27.94	-29.98	-40.39	-44.24
Comprehensive Income & Other	-1.47	-1.53	-1.53	-1.53	-1.53
Total Common Equity	51.93	51.55	49.51	28.78	24.93
Minority Interest	1.01	1.01	1	-	-
Shareholders' Equity	52.94	52.56	50.51	28.78	24.93
Total Liabilities & Equity	107.13	102.16	101.19	55.06	43.92
Total Debt	40.88	42.3	43.88	22.52	16.29
Net Cash (Debt)	-27.95	-28.88	-28.99	-22.28	-15.96
Net Cash Per Share	-0.01	-0.01	-0.02	-0.01	-0.01
Filing Date Shares Outstanding	2,458	2,458	2,458	1,813	1,813
Total Common Shares Outstanding	2,458	2,458	2,458	1,813	1,813
Working Capital	-17.93	-13.19	-11.4	1.43	3.27
Book Value Per Share	0.02	0.02	0.02	0.02	0.01
Tangible Book Value	50.13	49.64	47.63	28.33	24.42
Tangible Book Value Per Share	0.02	0.02	0.02	0.02	0.01
Land	1.85	1.42	19.86	-	-
Machinery	1.28	1.22	0.2	0.05	0.03
Construction In Progress	34.16	32.41	0.01	0.49	-