Bittnet Systems Balance Sheet

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	35.96	116.39	73.36	70.01	42.3	23.4
Short-Term Investments	2.65	3.46	5.71	-	13.79	17.92
Trading Asset Securities	-	-	-	11.36	-	-
Cash & Short-Term Investments	38.61	119.85	79.07	81.37	56.09	41.32
Cash Growth	46.48%	51.58%	-2.83%	45.07%	35.74%	56.93%
Accounts Receivable	40.24	121.09	105.92	58.73	60.7	32.03
Other Receivables	22.13	12.89	11.12	13.97	-	-
Receivables	62.37	133.98	122.66	72.7	60.7	32.03
Inventory	5.81	3.65	4.81	11.09	2.78	1.18
Other Current Assets	15.69	16.68	16.73	-0	-	-
Total Current Assets	122.48	274.15	223.26	165.16	119.57	74.54
Property, Plant & Equipment	23.79	25.29	29.47	32.7	27.81	2.35
Long-Term Investments	6.34	6.23	1.27	2.8	2.92	2
Goodwill	64.53	64.53	67.95	79.08	57.53	40.77
Other Intangible Assets	8.56	8.77	8.66	9.65	9.08	9.22
Long-Term Deferred Tax Assets	6.39	5.59	4.17	3.8	1.27	0.2
Other Long-Term Assets	0.24	0.32	0.38	0.7	2.43	2.04
Total Assets	232.34	384.87	335.16	293.88	220.6	131.11
Accounts Payable	-	206.28	136.78	95.46	58.6	41.34
Accrued Expenses	-	6.5	9.36	-	4.77	-
Current Portion of Long-Term Debt	-	22.74	16.14	8.59	39.19	4.75
Current Portion of Leases	6.7	6.8	6.42	6.42	4.69	0.54
Current Income Taxes Payable	0.48	0.42	0.79	0.62	0.28	0.29
Current Unearned Revenue	14.97	17.31	19.04	7.88	0.7	-
Other Current Liabilities	17.04	8.96	8.7	26.12	14.79	0.01
Total Current Liabilities	122.27	269.01	197.24	145.09	123.04	46.94
Long-Term Debt	33.41	34.42	43.24	43.32	20.78	30.37
Long-Term Leases	14.01	14.93	17.48	19.18	19.29	0.68
Other Long-Term Liabilities	-0	-	0	5	-	0.62
Total Liabilities	169.69	318.35	257.97	212.59	163.1	78.61
Common Stock	63.42	63.42	63.42	63.42	52.85	48.04
Additional Paid-In Capital	31.93	31.93	31.93	31.93	9.74	14.54
Retained Earnings	-8.41	-2.55	3.69	-6.36	2.47	7.83
Comprehensive Income & Other	-29.52	-31.75	-28.67	-16.15	-11.39	-19.08
Total Common Equity	57.42	61.05	70.37	72.84	53.67	51.34
Minority Interest	5.22	5.47	6.83	8.45	3.82	1.16
Shareholders' Equity	62.65	66.52	77.2	81.29	57.49	52.5
Total Liabilities & Equity	232.34	384.87	335.16	293.88	220.6	131.11
Total Debt	137.2	78.87	83.29	77.51	83.95	36.34
Net Cash (Debt)	-98.59	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	0.21	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	-15.67	-12.25	-6.24	-15.89	-12.93	1.35
Tangible Book Value Per Share	-	-0.02	-0.01	-0.03	-0.02	0.00
Machinery	-	10.41	10.23	10.66	10.1	4.7