BUD:CIGPANNONIA Balance Sheet

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Investments in Debt Securities	-	32,500	34,773	33,200	23,625	26,765
Investments in Equity & Preferred Securities	1,229	4,788	4,738	3,392	1,468	2,423
Other Investments	41,973	575	166	164	-	234.38
Total Investments	43,202	38,003	39,805	36,884	25,220	29,532
Cash & Equivalents	2,454	4,630	2,597	2,492	3,093	1,498
Reinsurance Recoverable	4,192	4,359	3,136	2,558	1,350	540.72
Other Receivables	2,662	1,296	1,192	1,308	1,213	2,076
Deferred Policy Acquisition Cost	-	-	-	-	-	1,328
Separate Account Assets	132,182	135,308	127,680	94,424	86,205	85,664
Property, Plant & Equipment	697	511	412	260	431.29	563.44
Other Intangible Assets	2,321	2,138	991	934	992.06	720.06
Other Current Assets	39	720	623	293	271.87	198.01
Long-Term Deferred Tax Assets	615	580	544	337	590.84	473.82
Other Long-Term Assets	5,155	5,391	5,942	4,763	5,167	5,238
Total Assets	193,519	192,936	182,922	144,253	124,533	127,832
Accounts Payable	-	515	459	161	199.43	143.91
Accrued Expenses	-	1,088	886	1,499	891.52	995.29
Insurance & Annuity Liabilities	155,903	20,751	23,008	16,807	13,024	14,866
Unpaid Claims	-	-	-	-	-	3,896
Unearned Premiums	-	136,029	126,808	93,413	83,292	1,439
Reinsurance Payable	883	227	386	376	552.81	278.93
Current Portion of Leases	-	196	162	188	143.43	152.89
Long-Term Debt	-	-	-	-	-	37.74
Long-Term Leases	607	367	308	126	331.46	379.02
Separate Account Liability	-	-	-	-	-	85,664
Other Current Liabilities	43	46	224	30	-	11.76
Other Long-Term Liabilities	10,166	8,167	9,312	7,977	6,921	6,286
Total Liabilities	167,602	167,386	161,802	120,989	105,794	114,664
Common Stock	3,116	3,116	3,116	3,116	3,116	3,116
Retained Earnings	22,632	21,325	17,367	19,967	18,784	12,078
Treasury Stock	-32	-32	-32	-32	-32	-32
Comprehensive Income & Other	201	1,141	669	213	-3,129	-1,994
Total Common Equity	25,917	25,550	21,120	23,264	18,740	13,168
Minority Interest	-	-	-	-	-	0.12
Shareholders' Equity	25,917	25,550	21,120	23,264	18,740	13,169
Total Liabilities & Equity	193,519	192,936	182,922	144,253	124,533	127,832
Filing Date Shares Outstanding	93.95	93.95	93.95	93.95	93.95	93.95
Total Common Shares Outstanding	93.95	93.95	93.95	93.95	93.95	93.95
Total Debt	607	563	470	314	474.89	569.65
Net Cash (Debt)	1,847	4,067	2,127	2,178	2,618	928.74
Net Cash Growth	54.05%	91.21%	-2.34%	-16.80%	181.88%	42.34%
Net Cash Per Share	19.56	43.07	22.53	23.07	27.72	9.84
Book Value Per Share	275.85	271.94	224.79	247.61	199.45	140.16
Tangible Book Value	23,596	23,412	20,129	22,330	17,747	12,448
Tangible Book Value Per Share	251.14	249.19	214.24	237.67	188.90	132.49
Machinery	-	277	231	234	236.65	226.15
Construction In Progress	-	5	2	9	0.56	8.44