Holding Varna 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	15.08	48.27	12.6	12.95	12.11
Short-Term Investments	53.5	16.96	25.43	23.92	34.31
Trading Asset Securities	-	37.22	33.3	29.93	36.86
Cash & Short-Term Investments	68.58	102.45	71.34	66.81	83.28
Cash Growth	-33.06%	43.62%	6.78%	-19.79%	4.04%
Accounts Receivable	11.16	18.99	25.08	25.76	36.51
Other Receivables	0.02	0.64	0.22	1.35	-0.7
Receivables	11.19	19.64	25.31	27.11	35.82
Inventory	14.66	19.97	15.52	9.96	2.73
Other Current Assets	-	2.88	2.82	15.38	17.56
Total Current Assets	94.42	144.94	114.99	119.25	139.39
Property, Plant & Equipment	228.37	211.43	208.23	209.94	212.79
Long-Term Investments	30.33	28.59	26.14	24.85	17.21
Goodwill	36.69	36.69	36.99	36.98	38.13
Other Intangible Assets	20.78	20.02	19.17	18.51	17.94
Long-Term Accounts Receivable	0.37	-	-	-	-
Long-Term Deferred Tax Assets	2.79	3.19	3.36	3.03	2.72
Other Long-Term Assets	44.94	40.3	43.26	43.43	38.52
Total Assets	458.69	485.17	452.13	456	466.69
Accounts Payable	26.37	8.97	10.02	8.87	6.64
Accrued Expenses	4.05	5	4.36	4.18	3.44
Short-Term Debt	69.48	9.24	8.21	22.23	23.08
Current Portion of Long-Term Debt	-	66.02	62.04	55.63	63.42
Current Portion of Leases	1.58	0.36	0.91	1.53	1.49
Current Income Taxes Payable	0.31	0.34	0.33	0.22	0.32
Current Unearned Revenue	-	1.44	0.66	0.54	0.8
Other Current Liabilities	-	39.57	3.68	3.6	3.45
Total Current Liabilities	101.79	130.94	90.22	96.81	102.63
Long-Term Debt	105.11	122.29	133.96	132.92	137.66
Long-Term Leases	5.57	0.52	0.34	1.14	2.17
Pension & Post-Retirement Benefits	0.44	0.38	0.29	0.22	0.24
Long-Term Deferred Tax Liabilities	3.97	3.01	3.44	2.82	2.45
Other Long-Term Liabilities	3.66	1.47	1.47	0	-
Total Liabilities	220.54	258.61	229.71	233.91	245.15
Common Stock	6.49	6.49	6.49	6.49	6.49
Additional Paid-In Capital	-	-	-	-	156.82
Retained Earnings	24.24	14.8	16.18	15.26	17.3
Comprehensive Income & Other	165.7	165.73	165.23	164.98	4.17
Total Common Equity	196.43	187.02	187.89	186.73	184.77
Minority Interest	41.73	39.55	34.53	35.36	36.78
Shareholders' Equity	238.16	226.56	222.42	222.09	221.54
Total Liabilities & Equity	458.69	485.17	452.13	456	466.69
Total Debt	181.74	198.43	205.46	213.45	227.82
Net Cash (Debt)	-113.16	-95.98	-134.13	-146.65	-144.53
Net Cash Per Share	-17.41	-14.80	-20.68	-22.61	-22.28
Filing Date Shares Outstanding	6.49	6.49	6.49	6.49	6.49
Total Common Shares Outstanding	6.49	6.49	6.49	6.49	6.49
Working Capital	-7.37	14	24.76	22.45	36.76
Book Value Per Share	30.29	28.83	28.97	28.79	28.49
Tangible Book Value	138.96	130.3	131.73	131.24	128.69
Tangible Book Value Per Share	21.42	20.09	20.31	20.23	19.84
Land	-	45.31	45.19	45.22	45.81
Buildings	-	117.57	113.04	105.84	106.18
Machinery	-	104.5	101.57	92.51	91.34