Gradus AD 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	2.56	6.06	2.1	4.63	10.8
Short-Term Investments	4.06	-	-	-	-
Cash & Short-Term Investments	6.63	6.06	2.1	4.63	10.8
Cash Growth	9.39%	188.98%	-54.71%	-57.15%	139.65%
Accounts Receivable	13.61	24.61	15	15.19	11.53
Other Receivables	1.77	1.12	2.26	2.72	2.59
Receivables	15.39	27.63	20.3	23.53	21.34
Inventory	65.85	55.65	51.41	56.8	42.44
Prepaid Expenses	0.36	0.32	0.34	0.3	0.27
Restricted Cash	0.67	-	-	-	-
Other Current Assets	26.68	11.88	0.18	0.87	0.69
Total Current Assets	115.58	101.54	74.32	86.13	75.53
Property, Plant & Equipment	219.45	194.78	186.69	200.43	201.62
Long-Term Investments	0	0	0	0	0
Goodwill	20.66	20.66	20.66	20.66	20.66
Other Intangible Assets	18.9	33.54	34.16	42.26	54.14
Other Long-Term Assets	2.71	10.32	10.46	9.62	8.94
Total Assets	377.29	360.83	326.29	359.09	360.89
Accounts Payable	2.65	4.7	5.29	4.56	5.63
Accrued Expenses	5.54	4.71	4.57	4.23	4.24
Short-Term Debt	22.17	2	3.7	7	-
Current Portion of Long-Term Debt	0.43	0.35	0.26	0.26	0.34
Current Portion of Leases	-	0.08	0.11	0.05	0.13
Current Income Taxes Payable	-	0.66	0.04	0.01	0.41
Current Unearned Revenue	-	0.57	-	0.11	0.36
Other Current Liabilities	0.27	1.76	0.67	1.74	0.93
Total Current Liabilities	31.06	14.83	14.64	17.96	12.04
Long-Term Debt	12.41	18.11	11.29	7.08	1.81
Long-Term Leases	-	0.19	0.2	-	0.05
Pension & Post-Retirement Benefits	-	0.45	0.52	0.48	0.45
Long-Term Deferred Tax Liabilities	11.65	13.95	13.08	15.1	16.67
Other Long-Term Liabilities	0.87	-	-	-	-
Total Liabilities	55.99	47.53	39.72	40.62	31.01
Common Stock	243.61	243.61	243.61	243.61	243.61
Additional Paid-In Capital	18.09	54.39	60.35	62.29	62.29
Retained Earnings	68.28	22.73	-18.76	-1.49	9.6
Treasury Stock	-12.67	-12.67	-4.14	-	-
Comprehensive Income & Other	2.76	3.86	4.11	12.48	12.56
Total Common Equity	320.06	311.93	285.19	316.88	328.06
Minority Interest	1.24	1.37	1.39	1.59	1.82
Shareholders' Equity	321.31	313.3	286.57	318.47	329.87
Total Liabilities & Equity	377.29	360.83	326.29	359.09	360.89
Total Debt	35	20.73	15.55	14.4	2.32
Net Cash (Debt)	-28.37	-14.67	-13.45	-9.77	8.48
Net Cash Per Share	-	-0.06	-0.06	-0.04	0.03
Filing Date Shares Outstanding	-	230.94	239.47	243.61	243.61
Total Common Shares Outstanding	-	230.94	239.47	243.61	243.61
Working Capital	84.52	86.71	59.68	68.17	63.49
Book Value Per Share	-	1.35	1.19	1.30	1.35
Tangible Book Value	280.51	257.73	230.37	253.97	253.26
Tangible Book Value Per Share	-	1.12	0.96	1.04	1.04
Land	-	17.75	17.83	17.61	17.43
Buildings	-	107.71	106.58	108.66	106.68
Machinery	-	60.41	48.79	65.25	61.23
Construction In Progress	-	3.37	1.87	2.57	3.33

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