BUL:BSE 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	140.9	98.31	130.64	253.73	304.63
Short-Term Investments	-	1.01	-	-	-
Cash & Short-Term Investments	140.9	99.32	130.64	253.73	304.63
Cash Growth	41.86%	-23.97%	-48.51%	-16.71%	73.03%
Accounts Receivable	17.46	19.67	20.76	59.05	5.09
Other Receivables	300.16	516.44	196.19	51.83	89.68
Receivables	317.92	536.11	216.95	110.87	94.76
Prepaid Expenses	0.34	0.9	0.32	0.52	0.13
Restricted Cash	-	-	-	0.4	-
Other Current Assets	0.43	0.52	0.45	1.44	4.41
Total Current Assets	459.59	636.84	348.36	366.95	403.93
Property, Plant & Equipment	13.95	13.92	1.79	1.74	1.84
Long-Term Investments	16.76	13.25	12.64	11.98	12.5
Other Intangible Assets	3.2	3.58	3.92	4.21	4.53
Long-Term Deferred Tax Assets	0.6	0.66	0.72	0.74	0.42
Other Long-Term Assets	-	0.13	0.3	0.53	0.62
Total Assets	494.1	668.38	367.71	386.16	423.85
Accounts Payable	54.78	85.63	41.11	105.3	171.12
Accrued Expenses	23.54	39.8	22.42	0.64	0.59
Current Portion of Leases	-	0.12	0.13	0.02	0.02
Current Income Taxes Payable	0	0.1	0.01	-	0.03
Current Unearned Revenue	0.1	0.05	0.1	0.2	126.05
Other Current Liabilities	371.3	494.43	270.93	252.82	99.96
Total Current Liabilities	449.72	620.12	334.7	358.98	397.78
Long-Term Leases	0.17	0.03	0.13	0.02	0.04
Long-Term Unearned Revenue	-	-	-	0.12	0.22
Pension & Post-Retirement Benefits	0.24	0.19	0.15	0.09	0.14
Long-Term Deferred Tax Liabilities	0.27	0.3	0.34	0.37	0.4
Total Liabilities	450.41	620.64	335.31	359.58	398.58
Common Stock	13.17	13.17	6.58	6.58	6.58
Additional Paid-In Capital	-	0.39	0.19	0.19	0.19
Retained Earnings	28.26	34.49	26.09	20.32	18.84
Treasury Stock	-	-0.62	-0.72	-0.72	-0.72
Comprehensive Income & Other	2.26	0.32	0.26	0.21	0.38
Shareholders' Equity	43.69	47.74	32.4	26.58	25.27
Total Liabilities & Equity	494.1	668.38	367.71	386.16	423.85
Total Debt	0.17	0.15	0.26	0.04	0.06
Net Cash (Debt)	140.73	99.17	130.38	253.69	304.57
Net Cash Growth	41.90%	-23.94%	-48.60%	-16.71%	73.22%
Net Cash Per Share	10.69	7.68	10.12	26.26	31.30
Filing Date Shares Outstanding	13.17	12.92	9.66	9.66	9.66
Total Common Shares Outstanding	13.17	12.92	9.66	9.66	9.66
Working Capital	9.87	16.72	13.66	7.97	6.15
Book Value Per Share	3.32	3.69	3.35	2.75	2.62
Tangible Book Value	40.49	44.16	28.48	22.37	20.74
Tangible Book Value Per Share	3.08	3.42	2.95	2.32	2.15
Land	1.37	1.37	-	-	-
Buildings	12.79	-	-	1.93	1.92
Machinery	2.19	13.94	2.88	1.2	1.2

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