Bulmetal JSC Balance Sheet

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

Millions BGN. 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	7.72	2	0.87	2.54	4.93
Short-Term Investments	-	-	-	-	0
Cash & Short-Term Investments	7.72	2	0.87	2.54	4.93
Cash Growth	285.66%	130.38%	-65.83%	-48.42%	87.24%
Accounts Receivable	15.85	17.92	23.43	15.49	16.37
Other Receivables	2.6	2.21	3.76	2.92	2.59
Receivables	18.45	20.13	27.19	18.41	18.97
Inventory	60.6	48.35	52.26	39.16	34.83
Prepaid Expenses	0.34	-	-	-	-
Other Current Assets	2.84	-	-	-	-
Total Current Assets	89.95	70.48	80.32	60.11	58.73
Property, Plant & Equipment	75.02	42.47	43.4	48.97	47.63
Goodwill	0.14	-	-	-	-
Other Intangible Assets	0.87	0.98	1.02	1.03	0.21
Long-Term Deferred Tax Assets	0.16	0.16	0.25	0.12	0.16
Long-Term Deferred Charges	0.11	0.16	0.27	0.49	0.4
Other Long-Term Assets	0.55	31.81	21.83	14.88	14.84
Total Assets	168.02	146.62	147.08	126.11	122.1
Accounts Payable	22.74	19.06	35.94	16.77	14.42
Accrued Expenses	2.28	2.51	1.71	1.78	1.08
Current Portion of Long-Term Debt	32.49	30.64	29.74	37.21	32.77
Current Portion of Leases	-	0.56	0.97	0.41	-
Current Income Taxes Payable	0.21	0.36	0.3	0.54	0.29
Current Unearned Revenue	10.63	5.06	2.67	5.22	-
Other Current Liabilities	1.45	0.26	0.5	0.09	9.49
Total Current Liabilities	69.81	58.45	71.82	62.02	58.04
Long-Term Debt	20.75	12.55	14.06	4.65	11.65
Long-Term Leases	-	1.22	1.38	2.16	-
Long-Term Unearned Revenue	3.26	3.26	2.86	3.13	3.93
Pension & Post-Retirement Benefits	-	1.42	0.57	0.62	0.52
Other Long-Term Liabilities	1.21	0.34	0.06	0.85	4.83
Total Liabilities	95.02	77.23	90.74	73.42	78.97
Common Stock	7.16	7.16	6.23	6.23	6.23
Additional Paid-In Capital	7.3	7.3	-	-	-
Retained Earnings	51.25	49.56	45.82	43.99	35.15
Comprehensive Income & Other	7.01	5.2	4.04	2.36	1.36
Total Common Equity	72.71	69.21	56.09	52.57	42.74
Minority Interest	0.29	0.18	0.25	0.12	0.39
Shareholders' Equity	73	69.39	56.34	52.68	43.13
Total Liabilities & Equity	168.02	146.62	147.08	126.11	122.1
Total Debt	53.24	44.96	46.14	44.42	44.42
Net Cash (Debt)	-45.52	-42.96	-45.27	-41.88	-39.49
Net Cash Per Share	-6.36	-6.09	-7.24	-6.72	-
Filing Date Shares Outstanding	7.16	7.16	7.16	6.23	-
Total Common Shares Outstanding	7.16	7.16	6.23	6.23	-
Working Capital	20.14	12.03	8.5	-1.91	0.69
Book Value Per Share	10.16	9.67	9.01	8.44	-
Tangible Book Value	71.71	68.22	55.07	51.53	42.53
Tangible Book Value Per Share	10.02	9.53	8.85	8.28	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.