BUL:TBS 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	50.1	24.98	14.09	14.83	12.82
Cash & Short-Term Investments	50.1	24.98	14.09	14.83	12.82
Cash Growth	100.56%	77.27%	-4.97%	15.71%	8.95%
Accounts Receivable	97.34	82.53	66.72	27.55	26.15
Other Receivables	1.89	2.74	2.88	2.42	1.73
Receivables	99.23	85.57	69.59	29.97	27.89
Inventory	10.69	5.65	12.07	5.3	5.04
Prepaid Expenses	-	-	-	9.92	8.14
Other Current Assets	12.48	13.63	13.96	0.84	0.45
Total Current Assets	172.5	129.83	109.71	60.85	54.33
Property, Plant & Equipment	15.71	17.62	11.06	7.47	6.69
Goodwill	15.92	15.92	-	-	-
Other Intangible Assets	0.51	1.08	1.03	0.64	0.48
Long-Term Deferred Tax Assets	3.64	1.73	1.57	0.82	0.67
Long-Term Deferred Charges	6.95	9.55	12.61	-	-
Other Long-Term Assets	0.64	0.89	0.5	8.61	7.78
Total Assets	215.87	176.63	136.48	78.39	69.94
Accounts Payable	50.01	58.51	47.12	24.08	21.65
Accrued Expenses	5.25	25.77	17.36	5.56	3.94
Short-Term Debt	15.73	11.83	4.19	2.88	1.73
Current Portion of Long-Term Debt	0.02	1.42	-	-	-
Current Portion of Leases	2.64	2.64	1.23	0.94	1.46
Current Income Taxes Payable	10.4	0.68	0.93	0.47	0.33
Current Unearned Revenue	11.26	14.28	25.77	14.55	11.32
Other Current Liabilities	53.87	2.6	-	3.54	2.86
Total Current Liabilities	149.17	117.74	96.6	52.01	43.28
Long-Term Debt	5.12	5.21	-	-	-
Long-Term Leases	3.24	4.71	2.82	0.44	1.48
Long-Term Unearned Revenue	5.02	7.81	10.01	8.15	8.14
Pension & Post-Retirement Benefits	-	0.06	0.04	0.03	0.02
Other Long-Term Liabilities	0.63	2.59	-	-	-
Total Liabilities	163.18	138.13	109.47	60.63	52.92
Common Stock	12.5	12.5	12.5	12.5	12.5
Retained Earnings	56.28	39.91	28.25	19.21	18.51
Comprehensive Income & Other	-16.09	-13.91	-13.74	-13.95	-13.99
Shareholders' Equity	52.69	38.5	27.01	17.76	17.03
Total Liabilities & Equity	215.87	176.63	136.48	78.39	69.94
Total Debt	26.75	25.81	8.24	4.26	4.66
Net Cash (Debt)	23.35	-0.83	5.85	10.57	8.16
Net Cash Growth	-	-	-44.67%	29.58%	57.81%
Net Cash Per Share	1.90	-0.07	0.47	0.85	0.65
Filing Date Shares Outstanding	12.3	12.5	12.5	12.49	12.5
Total Common Shares Outstanding	12.3	12.5	12.5	12.49	12.5
Working Capital	23.33	12.09	13.12	8.84	11.05
Book Value Per Share	4.28	3.08	2.16	1.42	1.36
Tangible Book Value	36.25	21.5	25.98	17.12	16.55
Tangible Book Value Per Share	2.95	1.72	2.08	1.37	1.32
Machinery	-	7.55	4.14	3.69	3.34

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