Bittnet Systems Balance Sheet

Financials in millions RON. Fiscal year is January - December.

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	33.63	73.36	70.01	42.3	23.4	24.87
Short-Term Investments	3.39	-	-	13.79	17.92	1.46
Trading Asset Securities	-	5.71	11.36	-	-	-
Cash & Short-Term Investments	37.02	79.07	81.37	56.09	41.32	26.33
Cash Growth	-16.78%	-2.83%	45.07%	35.74%	56.93%	26.45%
Accounts Receivable	54.26	105.92	58.73	60.7	32.03	30.33
Other Receivables	15.84	18.14	13.97	-	-	-
Receivables	70.1	124.06	72.7	60.7	32.03	30.33
Inventory	21.45	20.14	11.09	2.78	1.18	1.16
Other Current Assets	-	-	-0	-	-	-
Total Current Assets	128.56	223.26	165.16	119.57	74.54	57.82
Property, Plant & Equipment	25.56	29.47	32.7	27.81	2.35	5.44
Long-Term Investments	6.13	1.27	2.8	2.92	2	8.53
Goodwill	64.53	67.95	79.08	57.53	40.77	21.08
Other Intangible Assets	8.82	8.66	9.65	9.08	9.22	8.82
Long-Term Deferred Tax Assets	7.09	4.17	3.8	1.27	0.2	0.65
Other Long-Term Assets	-1.32	0.38	0.7	2.43	2.04	0.01
Total Assets	239.37	335.16	293.88	220.6	131.11	102.35
Accounts Payable	68.07	136.78	95.46	58.6	41.34	28.75
Accrued Expenses	-	9.36	-	4.77	-	-
Current Portion of Long-Term Debt	25.6	16.14	8.59	39.19	4.75	8.47
Current Portion of Leases	6.98	6.42	6.42	4.69	0.54	1.4
Current Income Taxes Payable	0.09	0.79	0.62	0.28	0.29	0.12
Current Unearned Revenue	15.43	19.04	7.88	0.7	-	-
Other Current Liabilities	14.61	8.7	26.12	14.79	0.01	0
Total Current Liabilities	130.79	197.24	145.09	123.04	46.94	38.74
Long-Term Debt	35.47	43.24	43.32	20.78	30.37	32.93
Long-Term Leases	14.73	17.48	19.18	19.29	0.68	3.04
Other Long-Term Liabilities	0	0	5	-	0.62	0
Total Liabilities	180.99	257.97	212.59	163.1	78.61	74.71
Common Stock	63.42	63.42	63.42	52.85	48.04	26.44
Additional Paid-In Capital	31.93	31.93	31.93	9.74	14.54	25.41
Retained Earnings	-14.52	3.69	-6.36	2.47	7.83	-4.57
Comprehensive Income & Other	-28.59	-28.67	-16.15	-11.39	-19.08	-19.89
Total Common Equity	52.24	70.37	72.84	53.67	51.34	27.39
Minority Interest	6.13	6.83	8.45	3.82	1.16	0.26
Shareholders' Equity	58.38	77.2	81.29	57.49	52.5	27.65
Total Liabilities & Equity	239.37	335.16	293.88	220.6	131.11	102.35
Total Debt	82.78	83.29	77.51	83.95	36.34	45.84
Net Cash (Debt)	-45.77	-4.22	3.86	-27.86	4.98	-19.51
Net Cash Per Share	-0.07	-0.01	0.01	-0.05	0.01	-0.04
Filing Date Shares Outstanding	634.18	634.18	624.93	634.18	528.48	528.48
Total Common Shares Outstanding	634.18	630.18	624.93	528.48	528.48	462.32
Working Capital	-2.23	26.02	20.07	-3.47	27.6	19.08
Book Value Per Share	0.08	0.11	0.12	0.10	0.10	0.06
Tangible Book Value	-21.1	-6.24	-15.89	-12.93	1.35	-2.51
Tangible Book Value Per Share	-0.03	-0.01	-0.03	-0.02	0.00	-0.01
Machinery	-	10.23	10.66	10.1	4.7	4.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.