BUL:BSE 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	63.55	98.31	130.64	253.73	304.63	176.05
Short-Term Investments	-	1.01	-	-	-	-
Cash & Short-Term Investments	63.55	99.32	130.64	253.73	304.63	176.05
Cash Growth	134.24%	-23.97%	-48.51%	-16.71%	73.03%	60.97%
Accounts Receivable	12.86	19.67	20.76	59.05	5.09	1.26
Other Receivables	300.81	516.44	196.19	51.83	89.68	0.03
Receivables	313.67	536.11	216.95	110.87	94.76	1.29
Prepaid Expenses	0.82	0.9	0.32	0.52	0.13	0.15
Restricted Cash	-	-	-	0.4	-	-
Other Current Assets	4.79	0.52	0.45	1.44	4.41	5.05
Total Current Assets	382.82	636.84	348.36	366.95	403.93	182.54
Property, Plant & Equipment	13.96	13.92	1.79	1.74	1.84	1.61
Long-Term Investments	13.37	13.25	12.64	11.98	12.5	2.44
Other Intangible Assets	3.32	3.58	3.92	4.21	4.53	4.93
Long-Term Deferred Tax Assets	0.6	0.66	0.72	0.74	0.42	0.34
Other Long-Term Assets	-	0.13	0.3	0.53	0.62	0.31
Total Assets	414.07	668.38	367.71	386.16	423.85	192.17
Accounts Payable	65.12	85.63	41.11	105.3	171.12	70.78
Accrued Expenses	6.61	39.8	22.42	0.64	0.59	1.95
Short-Term Debt	-	-	-	-	-	0.02
Current Portion of Leases	0.1	0.12	0.13	0.02	0.02	0.09
Current Income Taxes Payable	0.45	0.1	0.01	-	0.03	0.04
Current Unearned Revenue	0.75	0.05	0.1	0.2	126.05	39.19
Other Current Liabilities	283.6	494.43	270.93	252.82	99.96	56.04
Total Current Liabilities	356.63	620.12	334.7	358.98	397.78	168.11
Long-Term Leases	0.19	0.03	0.13	0.02	0.04	0.12
Long-Term Unearned Revenue	-	-	-	0.12	0.22	0.19
Pension & Post-Retirement Benefits	0.19	0.19	0.15	0.09	0.14	0.14
Long-Term Deferred Tax Liabilities	0.28	0.3	0.34	0.37	0.4	0.43
Total Liabilities	357.28	620.64	335.31	359.58	398.58	168.99
Common Stock	13.17	13.17	6.58	6.58	6.58	6.58
Additional Paid-In Capital	1.95	0.39	0.19	0.19	0.19	-
Retained Earnings	41.36	34.49	26.09	20.32	18.84	16.3
Treasury Stock	-	-0.62	-0.72	-0.72	-0.72	-0.09
Comprehensive Income & Other	0.32	0.32	0.26	0.21	0.38	0.39
Shareholders' Equity	56.79	47.74	32.4	26.58	25.27	23.18
Total Liabilities & Equity	414.07	668.38	367.71	386.16	423.85	192.17
Total Debt	0.29	0.15	0.26	0.04	0.06	0.23
Net Cash (Debt)	63.26	99.17	130.38	253.69	304.57	175.83
Net Cash Growth	134.72%	-23.94%	-48.60%	-16.71%	73.22%	60.78%
Net Cash Per Share	4.84	7.68	10.12	26.26	31.30	17.81
Filing Date Shares Outstanding	13.17	12.92	9.66	9.66	9.66	9.84
Total Common Shares Outstanding	13.17	12.92	9.66	9.66	9.66	9.84
Working Capital	26.19	16.72	13.66	7.97	6.15	14.43
Book Value Per Share	4.31	3.69	3.35	2.75	2.62	2.36
Tangible Book Value	53.47	44.16	28.48	22.37	20.74	18.25
Tangible Book Value Per Share	4.06	3.42	2.95	2.32	2.15	1.85
Land	1.37	1.37	-	-	-	-
Buildings	13.98	-	-	1.93	1.92	1.65
Machinery	0.5	13.94	2.88	1.2	1.2	1

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