BUL:HES 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	2.37	1.48	2.22	1.48	1.64
Cash & Short-Term Investments	2.37	1.48	2.22	1.48	1.64
Cash Growth	60.42%	-33.39%	49.63%	-9.68%	-69.23%
Accounts Receivable	18.06	15.22	10.03	12.75	13.8
Other Receivables	1.34	1	0.23	0.59	0.79
Receivables	19.4	16.21	10.26	13.33	14.59
Inventory	10.87	9.93	12.06	16.14	10.11
Prepaid Expenses	0.11	0.14	0.11	0.62	0.33
Restricted Cash	0.07	-	-	-	-
Other Current Assets	0.05	0	0.01	0.02	0.05
Total Current Assets	32.86	27.76	24.65	31.58	26.72
Property, Plant & Equipment	18.69	20.17	21.13	19.1	18.45
Long-Term Investments	19.82	19.82	16.11	13.65	12.15
Other Intangible Assets	0.58	0.12	0.16	0.18	0.27
Total Assets	71.96	67.87	62.04	64.51	57.6
Accounts Payable	8.04	5.89	2.62	5.68	6.19
Accrued Expenses	2.72	1.95	2.47	2.95	2.61
Short-Term Debt	-	3.31	-	-	-
Current Income Taxes Payable	0.31	0.19	0.17	0.25	0.26
Current Unearned Revenue	-	-	0	0.05	0.3
Other Current Liabilities	5.54	2.25	6.41	5.13	2.57
Total Current Liabilities	16.6	13.58	11.67	14.05	11.93
Long-Term Unearned Revenue	-	-	-	-	0.05
Long-Term Deferred Tax Liabilities	1.67	1.72	1.35	1.07	0.94
Other Long-Term Liabilities	-	-	-	-	0
Total Liabilities	18.27	15.3	13.02	15.12	12.93
Common Stock	18.19	18.19	18.19	18.19	18.19
Retained Earnings	14.46	13.34	13.13	15.72	12.34
Comprehensive Income & Other	21.03	21.04	17.7	15.48	14.13
Shareholders' Equity	53.69	52.57	49.02	49.39	44.67
Total Liabilities & Equity	71.96	67.87	62.04	64.51	57.6
Total Debt	-	3.31	-	-	-
Net Cash (Debt)	2.37	-1.83	2.22	1.48	1.64
Net Cash Growth	-	-	49.63%	-9.68%	-68.97%
Net Cash Per Share	0.13	-0.10	0.12	0.08	0.09
Filing Date Shares Outstanding	18.19	18.19	18.19	18.19	18.19
Total Common Shares Outstanding	18.19	18.19	18.19	18.19	18.19
Working Capital	16.26	14.18	12.97	17.53	14.79
Book Value Per Share	2.95	2.89	2.69	2.71	2.46
Tangible Book Value	53.11	52.45	48.87	49.22	44.4
Tangible Book Value Per Share	2.92	2.88	2.69	2.71	2.44
Land	-	1.07	1.07	1.07	1.07
Buildings	-	7.32	7.22	7.22	6.96
Machinery	-	47.3	44.9	42.08	37.1
Construction In Progress	-	1.65	1.41	2.41	3.13

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