BVB:EL 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	2,033	454.46	377.22	334.89	221.83
Short-Term Investments	892.92	-	-	-	-
Accounts Receivable	3,259	3,676	2,540	2,466	1,345
Other Receivables	2,739	2,060	2,708	1,432	72.38
Inventory	91.68	111.9	115.66	113.97	72.96
Prepaid Expenses	15.87	5.06	12.94	13.87	5.03
Other Current Assets	0.28	0.28	0.28	0.28	5.41
Total Current Assets	9,032	6,308	5,755	4,361	1,722
Property, Plant & Equipment	799.49	776.36	635.99	551.54	526.36
Goodwill	49.77	49.77	24.66	12.04	-
Other Intangible Assets	7,168	6,710	6,248	5,689	5,524
Long-Term Investments	8.67	7.02	23.64	25.82	25.81
Long-Term Deferred Tax Assets	110.41	84.63	32.4	30.18	83.53
Other Long-Term Assets	1,278	4.39	51.95	2.39	1.66
Total Assets	18,446	13,939	12,772	10,672	7,883
Accounts Payable	1,241	765.73	1,218	1,163	734.79
Accrued Expenses	194.49	767.79	743.82	692.07	243.17
Short-Term Debt	2,352	2,491	2,851	2,571	627.4
Current Portion of Long-Term Debt	459.41	565.84	523.29	113.52	509.73
Current Unearned Revenue	2.55	6.63	7.84	24.75	9.66
Current Portion of Leases	11.07	7.41	14.05	19.21	9.44
Current Income Taxes Payable	58.9	13.48	13.92	1.13	-
Other Current Liabilities	1,447	1,426	906	587.06	320.67
Total Current Liabilities	5,767	6,043	6,279	5,172	2,455
Long-Term Debt	5,309	1,825	794.35	647.19	118.76
Long-Term Leases	42.04	34.38	29.14	34.46	12.1
Pension & Post-Retirement Benefits	175.39	162.7	151.36	117.27	149.18
Long-Term Deferred Tax Liabilities	184.4	128.17	121.32	60.31	161.93
Other Long-Term Liabilities	31.78	45.69	37.16	72.43	32.73
Total Liabilities	11,509	8,238	7,412	6,104	2,930
Common Stock	3,396	3,396	3,464	3,464	3,464
Additional Paid-In Capital	103.06	103.06	103.06	103.06	103.06
Retained Earnings	3,294	2,052	1,709	984.22	1,359
Treasury Stock	-	-	-75.37	-75.37	-75.37
Comprehensive Income & Other	144.54	150.27	159.54	92.12	102.83
Total Common Equity	6,937	5,701	5,360	4,568	4,954
Minority Interest	-	-0.03	-0.45	-0.52	-
Shareholders' Equity	6,937	5,701	5,360	4,568	4,954
Total Liabilities & Equity	18,446	13,939	12,772	10,672	7,883
Total Debt	8,174	4,923	4,212	3,385	1,277
Net Cash (Debt)	-5,248	-4,468	-3,835	-3,051	-1,056
Net Cash Per Share	-15.46	-13.16	-11.29	-8.98	-3.11
Filing Date Shares Outstanding	339.55	339.55	339.55	339.55	339.55
Total Common Shares Outstanding	339.55	339.55	339.55	339.55	339.55
Working Capital	3,265	264.73	-523.71	-811.1	-732.63
Book Value Per Share	20.43	16.79	15.79	13.45	14.59
Tangible Book Value	-280.15	-1,058	-912.6	-1,132	-569.96
Tangible Book Value Per Share	-0.83	-3.12	-2.69	-3.33	-1.68
Land	-	303.07	301.48	251.84	252.8
Buildings	-	221.31	222	206.71	202.56
Machinery	-	192.73	187.54	191.51	188.75
Construction In Progress	-	207.18	55.35	34.75	29.19

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