Holding Varna AD 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	6.61	7.72	24.74	6.44	6.62	6.19
Short-Term Investments	-	27.37	8.7	13	12.23	17.55
Trading Asset Securities	20.18	-	19.08	17.03	15.3	18.85
Cash & Short-Term Investments	26.79	35.08	52.52	36.47	34.15	42.59
Cash Growth	-	-33.20%	43.99%	6.80%	-19.82%	4.09%
Accounts Receivable	3.84	5.71	9.74	12.82	13.17	18.67
Other Receivables	0.98	0.01	0.33	0.11	0.69	-0.36
Receivables	11.92	5.72	10.07	12.94	13.86	18.32
Inventory	7.05	7.5	10.24	7.93	5.09	1.4
Other Current Assets	2.19	-	1.48	1.44	7.86	8.98
Total Current Assets	47.95	48.3	74.3	58.79	60.96	71.28
Property, Plant & Equipment	116.89	116.82	108.38	106.46	107.32	108.81
Long-Term Investments	0.2	15.51	14.65	13.37	12.7	8.8
Goodwill	18.76	18.77	18.81	18.91	18.91	19.5
Other Intangible Assets	10.71	10.63	10.26	9.8	9.46	9.18
Long-Term Accounts Receivable	-	0.19	-	-	-	-
Long-Term Deferred Tax Assets	1.64	1.43	1.64	1.72	1.55	1.39
Other Long-Term Assets	38.29	22.99	20.66	22.12	22.2	19.7
Total Assets	234.43	234.64	248.7	231.16	233.09	238.65
Accounts Payable	11.27	13.49	4.6	5.12	4.54	3.39
Accrued Expenses	3.13	2.07	2.56	2.23	2.14	1.76
Short-Term Debt	44.63	35.54	4.74	4.2	11.36	11.8
Current Portion of Long-Term Debt	-	-	33.84	31.72	28.44	32.43
Current Portion of Leases	-	0.81	0.19	0.47	0.78	0.76
Current Income Taxes Payable	-	0.16	0.17	0.17	0.11	0.16
Current Unearned Revenue	-	-	0.74	0.34	0.28	0.41
Other Current Liabilities	4.56	-	20.29	1.88	1.84	1.76
Total Current Liabilities	63.58	52.07	67.12	46.13	49.48	52.48
Long-Term Debt	42.38	53.77	62.69	68.49	67.94	70.4
Long-Term Leases	-	2.85	0.27	0.17	0.58	1.11
Pension & Post-Retirement Benefits	-	0.23	0.19	0.15	0.11	0.12
Long-Term Deferred Tax Liabilities	2.25	2.03	1.54	1.76	1.44	1.25
Other Long-Term Liabilities	5.42	1.87	0.75	0.75	0	-
Total Liabilities	113.63	112.81	132.56	117.45	119.57	125.36
Common Stock	3.31	3.32	3.32	3.32	3.32	3.32
Additional Paid-In Capital	80.18	-	-	-	-	80.19
Retained Earnings	13.29	12.4	7.59	8.27	7.8	8.84
Comprehensive Income & Other	2.99	84.76	84.95	84.48	84.34	2.13
Total Common Equity	99.77	100.48	95.87	96.06	95.45	94.48
Minority Interest	21.04	21.35	20.27	17.65	18.08	18.81
Shareholders' Equity	120.81	121.82	116.14	113.72	113.53	113.29
Total Liabilities & Equity	234.43	234.64	248.7	231.16	233.09	238.65
Total Debt	87	92.97	101.72	105.05	109.11	116.5
Net Cash (Debt)	-60.21	-57.88	-49.2	-68.58	-74.96	-73.91
Net Cash Per Share	-	-8.91	-7.59	-10.57	-11.56	-11.40
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	-15.64	-3.77	7.18	12.66	11.48	18.8
Book Value Per Share	-	15.49	14.78	14.81	14.72	14.57
Tangible Book Value	70.3	71.08	66.79	67.35	67.08	65.81
Tangible Book Value Per Share	-	10.96	10.30	10.38	10.34	10.15
Land	-	-	23.22	23.1	23.12	23.42
Buildings	-	-	60.27	57.79	54.1	54.3
Machinery	-	-	53.57	51.93	47.29	46.71