BUL:BSE Balance Sheet

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

Millions EUR. 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
Cash & Equivalents	36.2	72.07	50.39	66.79	129.7	155.78
Short-Term Investments	-	-	0.52	-	-	-
Cash & Short-Term Investments	36.2	72.07	50.91	66.79	129.7	155.78
Cash Growth	-19.31%	41.57%	-23.78%	-48.50%	-16.74%	73.10%
Accounts Receivable	10.39	8.93	10.08	10.61	30.18	2.6
Other Receivables	151.44	153.53	264.73	100.31	26.49	45.86
Receivables	161.85	162.48	274.83	110.92	56.67	48.46
Prepaid Expenses	0.49	0.12	0.46	0.16	0.26	0.07
Restricted Cash	-	-	-	-	0.2	-
Other Current Assets	0.35	0.32	0.25	0.23	0.73	2.26
Total Current Assets	198.88	235	326.45	178.11	187.58	206.56
Property, Plant & Equipment	7.14	7.14	7.13	0.91	0.89	0.94
Long-Term Investments	9.11	8.6	6.79	6.46	6.13	6.39
Other Intangible Assets	1.57	1.64	1.84	2	2.15	2.32
Long-Term Deferred Tax Assets	0.3	0.3	0.34	0.37	0.38	0.22
Other Long-Term Assets	0.17	0.19	0.06	0.15	0.27	0.32
Total Assets	217.19	252.88	342.62	188	197.39	216.74
Accounts Payable	34.16	28.02	43.89	21.02	53.82	87.51
Accrued Expenses	2.93	12.04	20.4	11.46	0.33	0.3
Current Portion of Leases	0.08	0.04	0.06	0.07	0.01	0.01
Current Income Taxes Payable	0.22	0	0.05	0.01	-	0.02
Current Unearned Revenue	1	0.01	0.02	0.05	0.1	64.46
Other Current Liabilities	154.13	189.93	253.45	138.52	129.24	51.12
Total Current Liabilities	192.52	230.05	317.88	171.12	183.5	203.41
Long-Term Leases	0.08	0.09	0.01	0.07	0.01	0.02
Long-Term Unearned Revenue	-	-	-	-	0.06	0.11
Pension & Post-Retirement Benefits	0.12	0.12	0.1	0.07	0.05	0.07
Long-Term Deferred Tax Liabilities	0.13	0.14	0.16	0.17	0.19	0.21
Total Liabilities	192.86	230.4	318.14	171.43	183.8	203.82
Common Stock	6.72	6.73	6.75	3.37	3.37	3.37
Additional Paid-In Capital	-	-	0.2	0.1	0.1	0.1
Retained Earnings	17.42	15.55	17.68	13.34	10.39	9.63
Treasury Stock	-	-	-0.32	-0.37	-0.37	-0.37
Comprehensive Income & Other	0.19	0.19	0.17	0.13	0.11	0.2
Shareholders' Equity	24.32	22.48	24.47	16.57	13.59	12.92
Total Liabilities & Equity	217.19	252.88	342.62	188	197.39	216.74
Total Debt	0.16	0.12	0.08	0.13	0.02	0.03
Net Cash (Debt)	36.04	71.95	50.84	66.66	129.68	155.75
Net Cash Growth	-19.56%	41.53%	-23.74%	-48.59%	-16.74%	73.29%
Net Cash Per Share	2.73	5.46	3.93	5.18	13.42	16.01
Filing Date Shares Outstanding	13.17	13.17	12.92	9.66	9.66	9.66
Total Common Shares Outstanding	13.17	13.17	12.92	9.66	9.66	9.66
Working Capital	6.36	4.95	8.57	6.98	4.08	3.15
Book Value Per Share	1.85	1.71	1.89	1.71	1.41	1.34
Tangible Book Value	22.75	20.84	22.64	14.56	11.43	10.6
Tangible Book Value Per Share	1.73	1.58	1.75	1.51	1.18	1.10
Land	0.7	0.7	0.7	-	-	-
Buildings	6.45	6.54	6.55	-	0.99	0.98
Machinery	0.89	0.89	0.75	1.47	0.61	0.61