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	3.08	10.22	4.19	4.39	8.04
Short-Term Investments	3.94	10.9	-	-	-
Trading Asset Securities	-	-	0.82	-	-
Cash & Short-Term Investments	7.02	21.12	5.01	4.39	8.04
Cash Growth	-66.78%	321.32%	14.22%	-45.44%	105.36%
Accounts Receivable	22.76	19.51	8.06	6.34	5.08
Other Receivables	0.18	0	0.89	1.47	0.8
Receivables	22.94	19.51	9	7.82	5.89
Inventory	35.54	19.79	14.72	15.47	10.57
Other Current Assets	-	-	2.35	0.95	1.09
Total Current Assets	65.5	60.42	31.09	28.63	25.6
Property, Plant & Equipment	45.87	39.15	19.75	16.97	10.06
Long-Term Investments	0.03	0.03	0.04	0.03	0.05
Goodwill	0.84	0.87	0.87	0.93	-
Other Intangible Assets	0.79	0.51	0.05	0.05	0.05
Long-Term Accounts Receivable	-	-	-	0.04	-
Long-Term Deferred Tax Assets	0.01	0.16	0.12	0.15	0.14
Other Long-Term Assets	3.78	3.08	10.88	1.29	1.46
Total Assets	116.8	104.22	62.79	48.09	37.35
Accounts Payable	4.07	6.6	3.8	2.95	2.72
Accrued Expenses	2.29	1.56	1.8	1.17	1.04
Short-Term Debt	-	0.01	0.07	0	-
Current Portion of Long-Term Debt	4.44	4.46	2.62	1.71	1.26
Current Portion of Leases	0.37	0.33	0.35	0.29	0.7
Current Income Taxes Payable	0.01	0.22	0.02	0.19	0.11
Other Current Liabilities	0.03	0.03	0.36	0.5	0.08
Total Current Liabilities	11.21	13.2	9.02	6.8	5.91
Long-Term Debt	17.13	13.81	7.72	5.43	3.31
Long-Term Leases	0.5	0.4	0.64	0.51	0.72
Pension & Post-Retirement Benefits	0.21	0.11	0.07	0.04	-
Long-Term Deferred Tax Liabilities	0.64	0.41	0.11	0.02	-
Total Liabilities	29.68	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	51.37	40.49	28.55	16.14	11.25
Comprehensive Income & Other	0.3	0.3	0.3	2.77	0.3
Total Common Equity	87.05	76.16	45.16	35.23	27.4
Minority Interest	0.08	0.13	0.08	0.05	0
Shareholders' Equity	87.12	76.3	45.24	35.28	27.41
Total Liabilities & Equity	116.8	104.22	62.79	48.09	37.35
Total Debt	22.43	19.01	11.39	7.95	5.99
Net Cash (Debt)	-15.42	2.12	-6.38	-3.56	2.05
Net Cash Per Share	-1.36	0.20	-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	54.28	47.22	22.07	21.83	19.69
Book Value Per Share	7.68	6.72	4.38	3.42	2.66
Tangible Book Value	85.42	74.78	44.24	34.25	27.35
Tangible Book Value Per Share	7.53	6.59	4.29	3.32	2.65
Land	2.38	2.38	2.38	2.38	1.09
Buildings	17.71	17.71	8.16	10.05	8.3
Machinery	36.4	26.93	15.37	12.18	9.87

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