Bulmetal JSC Balance Sheet

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1.93	2	0.87	2.54	4.93	2.63
Short-Term Investments	-	-	-	-	0	-
Cash & Short-Term Investments	1.93	2	0.87	2.54	4.93	2.63
Cash Growth	-36.55%	130.38%	-65.83%	-48.42%	87.24%	44.12%
Accounts Receivable	11.96	17.92	23.43	15.49	16.37	12.59
Other Receivables	1.62	2.21	3.76	2.92	2.59	2.34
Receivables	13.58	20.13	27.19	18.41	18.97	14.93
Inventory	57.38	48.35	52.26	39.16	34.83	34.63
Total Current Assets	77.06	70.48	80.32	60.11	58.73	52.19
Property, Plant & Equipment	41.46	42.47	43.4	48.97	47.63	42.54
Goodwill	0.14	-	-	-	-	0.22
Other Intangible Assets	0.87	0.98	1.02	1.03	0.21	0.26
Long-Term Deferred Tax Assets	0.16	0.16	0.25	0.12	0.16	0.14
Long-Term Deferred Charges	0.12	0.16	0.27	0.49	0.4	0.62
Other Long-Term Assets	40.3	31.81	21.83	14.88	14.84	14.16
Total Assets	160.11	146.62	147.08	126.11	122.1	110.61
Accounts Payable	13.92	19.06	35.94	16.77	14.42	12.35
Accrued Expenses	2.55	2.51	1.71	1.78	1.08	1.3
Current Portion of Long-Term Debt	35.27	30.64	29.74	37.21	32.77	29
Current Portion of Leases	-	0.56	0.97	0.41	-	-
Current Income Taxes Payable	0.45	0.36	0.3	0.54	0.29	0.51
Current Unearned Revenue	14.16	5.06	2.67	5.22	-	-
Other Current Liabilities	1.83	0.26	0.5	0.09	9.49	10.24
Total Current Liabilities	68.17	58.45	71.82	62.02	58.04	53.39
Long-Term Debt	14.04	12.55	14.06	4.65	11.65	5.69
Long-Term Leases	-	1.22	1.38	2.16	-	-
Long-Term Unearned Revenue	3.26	3.26	2.86	3.13	3.93	4.26
Pension & Post-Retirement Benefits	-	1.42	0.57	0.62	0.52	0.87
Other Long-Term Liabilities	1.06	0.34	0.06	0.85	4.83	5.06
Total Liabilities	86.52	77.23	90.74	73.42	78.97	69.27
Common Stock	7.16	7.16	6.23	6.23	6.23	6.23
Additional Paid-In Capital	7.3	7.3	-	-	-	-
Retained Earnings	52.04	49.56	45.82	43.99	35.15	33.85
Comprehensive Income & Other	6.85	5.2	4.04	2.36	1.36	1.21
Total Common Equity	73.34	69.21	56.09	52.57	42.74	41.28
Minority Interest	0.25	0.18	0.25	0.12	0.39	0.06
Shareholders' Equity	73.59	69.39	56.34	52.68	43.13	41.34
Total Liabilities & Equity	160.11	146.62	147.08	126.11	122.1	110.61
Total Debt	49.3	44.96	46.14	44.42	44.42	34.69
Net Cash (Debt)	-47.38	-42.96	-45.27	-41.88	-39.49	-32.05
Net Cash Per Share	-6.62	-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	8.89	12.03	8.5	-1.91	0.69	-1.2
Book Value Per Share	10.25	9.67	9.01	8.44	-	-
Tangible Book Value	72.34	68.22	55.07	51.53	42.53	40.8
Tangible Book Value Per Share	10.11	9.53	8.85	8.28	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.