BUD:APPENINN 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	56.24	47	20.36	55.31	24.86
Short-Term Investments	0.05	-	-	-	-
Cash & Short-Term Investments	56.28	47	20.36	55.31	24.86
Cash Growth	19.74%	130.84%	-63.19%	122.52%	12.67%
Accounts Receivable	2.74	3.32	4.14	0.56	0.91
Other Receivables	0.55	0.8	0.87	0.43	4.48
Receivables	3.29	4.12	5.01	1.14	5.4
Inventory	-	-	-	-	7.93
Prepaid Expenses	-	-	-	0.28	-
Other Current Assets	10.68	10.77	0.24	24.62	3.06
Total Current Assets	70.25	61.89	25.61	81.35	41.25
Property, Plant & Equipment	170.62	167.95	184.62	108.11	189.42
Long-Term Investments	0.01	0.01	0.01	-	0.04
Goodwill	-	-	-	-	4.35
Long-Term Deferred Tax Assets	-	-	-	0.05	0.76
Other Long-Term Assets	1.85	1.84	0.45	0.2	0.35
Total Assets	242.72	231.68	210.69	189.7	236.16
Accounts Payable	0.61	0.82	1.22	0.97	9.81
Accrued Expenses	1.42	1.69	2.11	0.21	0.49
Short-Term Debt	3.61	3.04	2.04	1.07	0.62
Current Portion of Leases	-	0.05	0.27	0.26	0.31
Current Income Taxes Payable	0	0.18	0.54	0.13	0.23
Current Unearned Revenue	1.45	0.72	1.35	0.37	32.58
Other Current Liabilities	1.24	1.89	0.72	20.99	4.02
Total Current Liabilities	8.34	8.4	8.24	24	48.06
Long-Term Debt	101.16	99.97	86.78	74.75	100.53
Long-Term Leases	-	0.05	0.05	0.31	2.04
Long-Term Unearned Revenue	2.5	2.86	1.78	-	-
Long-Term Deferred Tax Liabilities	-	-	-	6.09	5.47
Other Long-Term Liabilities	2.26	1.86	2.79	1.3	5.89
Total Liabilities	114.26	113.13	99.63	106.45	161.99
Common Stock	15.22	15.22	15.22	15.22	15.22
Additional Paid-In Capital	25.65	25.65	25.65	25.65	25.65
Retained Earnings	102.13	98.31	82.73	59.96	44.36
Treasury Stock	-0	-0	-0	-0	-0
Comprehensive Income & Other	-14.53	-20.62	-12.53	-16.24	-11.15
Total Common Equity	128.46	118.55	111.06	84.59	74.06
Minority Interest	-	-	-	-1.33	0.11
Shareholders' Equity	128.46	118.55	111.06	83.25	74.18
Total Liabilities & Equity	242.72	231.68	210.69	189.7	236.16
Total Debt	104.77	103.1	89.13	76.4	103.5
Net Cash (Debt)	-48.48	-56.1	-68.77	-21.08	-78.64
Net Cash Per Share	-1.02	-1.18	-1.45	-0.45	-1.66
Filing Date Shares Outstanding	47.37	47.37	47.37	47.37	47.37
Total Common Shares Outstanding	47.37	47.37	47.37	47.37	47.37
Working Capital	61.91	53.49	17.37	57.35	-6.81
Book Value Per Share	2.71	2.50	2.34	1.79	1.56
Tangible Book Value	128.46	118.55	111.06	84.59	69.71
Tangible Book Value Per Share	2.71	2.50	2.34	1.79	1.47
Buildings	151.19	148.27	164.92	86.13	114.47

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