Bittnet Systems Balance Sheet

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

Millions RON. 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	116.38	73.36	70.01	42.3	23.4
Short-Term Investments	3.46	-	-	13.79	17.92
Trading Asset Securities	-	5.71	11.36	-	-
Cash & Short-Term Investments	119.84	79.07	81.37	56.09	41.32
Cash Growth	51.57%	-2.83%	45.07%	35.74%	56.93%
Accounts Receivable	134.43	105.92	58.73	60.7	32.03
Other Receivables	-	18.14	13.97	-	-
Receivables	134.43	124.06	72.7	60.7	32.03
Inventory	3.65	20.14	11.09	2.78	1.18
Prepaid Expenses	16.22	-	-	-	-
Other Current Assets	-0	-	-0	-	-
Total Current Assets	274.15	223.26	165.16	119.57	74.54
Property, Plant & Equipment	25.3	29.47	32.7	27.81	2.35
Long-Term Investments	6.18	1.27	2.8	2.92	2
Goodwill	64.53	67.95	79.08	57.53	40.77
Other Intangible Assets	8.75	8.66	9.65	9.08	9.22
Long-Term Deferred Tax Assets	5.59	4.17	3.8	1.27	0.2
Other Long-Term Assets	0.32	0.38	0.7	2.43	2.04
Total Assets	384.81	335.16	293.88	220.6	131.11
Accounts Payable	218.75	136.78	95.46	58.6	41.34
Accrued Expenses	-	9.36	-	4.77	-
Current Portion of Long-Term Debt	22.74	16.14	8.59	39.19	4.75
Current Portion of Leases	6.8	6.42	6.42	4.69	0.54
Current Income Taxes Payable	0.42	0.79	0.62	0.28	0.29
Current Unearned Revenue	17.31	19.04	7.88	0.7	-
Other Current Liabilities	2.99	8.7	26.12	14.79	0.01
Total Current Liabilities	269.01	197.24	145.09	123.04	46.94
Long-Term Debt	34.42	43.24	43.32	20.78	30.37
Long-Term Leases	14.93	17.48	19.18	19.29	0.68
Other Long-Term Liabilities	0	0	5	-	0.62
Total Liabilities	318.35	257.97	212.59	163.1	78.61
Common Stock	63.42	63.42	63.42	52.85	48.04
Additional Paid-In Capital	31.93	31.93	31.93	9.74	14.54
Retained Earnings	-2.61	3.69	-6.36	2.47	7.83
Comprehensive Income & Other	-31.75	-28.67	-16.15	-11.39	-19.08
Total Common Equity	61	70.37	72.84	53.67	51.34
Minority Interest	5.47	6.83	8.45	3.82	1.16
Shareholders' Equity	66.47	77.2	81.29	57.49	52.5
Total Liabilities & Equity	384.81	335.16	293.88	220.6	131.11
Total Debt	78.87	83.29	77.51	83.95	36.34
Net Cash (Debt)	40.97	-4.22	3.86	-27.86	4.98
Net Cash Per Share	0.06	-0.01	0.01	-0.05	0.01
Filing Date Shares Outstanding	634.18	634.18	624.93	634.18	528.48
Total Common Shares Outstanding	634.18	630.18	624.93	528.48	528.48
Working Capital	5.14	26.02	20.07	-3.47	27.6
Book Value Per Share	0.10	0.11	0.12	0.10	0.10
Tangible Book Value	-12.29	-6.24	-15.89	-12.93	1.35
Tangible Book Value Per Share	-0.02	-0.01	-0.03	-0.02	0.00
Machinery	-	10.23	10.66	10.1	4.7

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