Smart Organic 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	0	10.22	4.19	4.39	8.04
Short-Term Investments	1.84	-	-	-	-
Trading Asset Securities	-	10.85	0.82	-	-
Cash & Short-Term Investments	1.84	21.07	5.01	4.39	8.04
Cash Growth	-91.27%	320.29%	14.22%	-45.44%	105.36%
Accounts Receivable	14.17	12.19	8.06	6.34	5.08
Other Receivables	2.51	1.12	0.89	1.47	0.8
Receivables	16.68	13.35	9	7.82	5.89
Inventory	32.75	19.79	14.72	15.47	10.57
Other Current Assets	11.5	6.21	2.35	0.95	1.09
Total Current Assets	62.77	60.42	31.09	28.63	25.6
Property, Plant & Equipment	45.26	39.15	19.75	16.97	10.06
Long-Term Investments	5.58	0.03	0.04	0.03	0.05
Goodwill	-	0.87	0.87	0.93	-
Other Intangible Assets	4.1	0.51	0.05	0.05	0.05
Long-Term Accounts Receivable	-	-	-	0.04	-
Long-Term Deferred Tax Assets	-	0.16	0.12	0.15	0.14
Other Long-Term Assets	1.56	3.08	10.88	1.29	1.46
Total Assets	119.27	104.22	62.79	48.09	37.35
Accounts Payable	2.85	5.57	3.8	2.95	2.72
Accrued Expenses	1.92	1.89	1.8	1.17	1.04
Short-Term Debt	-	0.01	0.07	0	-
Current Portion of Long-Term Debt	5.02	4.46	2.62	1.71	1.26
Current Portion of Leases	-	0.33	0.35	0.29	0.7
Current Income Taxes Payable	-	0.22	0.02	0.19	0.11
Other Current Liabilities	0.94	0.72	0.36	0.5	0.08
Total Current Liabilities	10.72	13.2	9.02	6.8	5.91
Long-Term Debt	16.5	13.81	7.72	5.43	3.31
Long-Term Leases	-	0.4	0.64	0.51	0.72
Pension & Post-Retirement Benefits	-	0.11	0.07	0.04	-
Long-Term Deferred Tax Liabilities	0.62	0.41	0.11	0.02	-
Other Long-Term Liabilities	0.37	-	-	-	-
Total Liabilities	28.21	27.93	17.55	12.81	9.94
Common Stock	11.34	11.34	10.31	10.31	10.31
Additional Paid-In Capital	24.04	24.04	6.01	6.01	5.55
Retained Earnings	55.68	40.49	28.55	16.14	11.25
Comprehensive Income & Other	-	0.3	0.3	2.77	0.3
Total Common Equity	91.06	76.16	45.16	35.23	27.4
Minority Interest	-	0.13	0.08	0.05	0
Shareholders' Equity	91.06	76.3	45.24	35.28	27.41
Total Liabilities & Equity	119.27	104.22	62.79	48.09	37.35
Total Debt	21.52	19.01	11.39	7.95	5.99
Net Cash (Debt)	-19.68	2.06	-6.38	-3.56	2.05
Net Cash Per Share	-1.74	0.19	-0.62	-0.35	0.58
Filing Date Shares Outstanding	11.34	11.34	10.31	10.31	10.31
Total Common Shares Outstanding	11.34	11.34	10.31	10.31	10.31
Working Capital	52.05	47.22	22.07	21.83	19.69
Book Value Per Share	8.03	6.72	4.38	3.42	2.66
Tangible Book Value	86.96	74.78	44.24	34.25	27.35
Tangible Book Value Per Share	7.67	6.59	4.29	3.32	2.65
Land	4.14	2.38	2.38	2.38	1.09
Buildings	14.73	17.71	8.16	10.05	8.3
Machinery	26.39	26.93	15.37	12.18	9.87

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