S.C. 24 Ianuarie 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.08	0.2	0.06	0.5	0.52	0.63
Cash & Short-Term Investments	0.08	0.2	0.06	0.5	0.52	0.63
Cash Growth	-37.87%	215.15%	-87.53%	-3.25%	-17.87%	37.28%
Accounts Receivable	2.12	4.29	2.89	5.48	4.1	3.15
Other Receivables	0.48	0.29	0.18	1.12	-	0.2
Receivables	2.59	4.59	3.08	6.6	4.1	3.36
Inventory	22.56	19.72	21.93	14	18	21.65
Prepaid Expenses	0.32	0.11	0.08	0.09	-	-
Other Current Assets	-	-	-	-	-	0.04
Total Current Assets	25.56	24.61	25.15	21.2	22.61	25.68
Property, Plant & Equipment	39.75	39.91	42.29	42.59	38.02	38.12
Other Intangible Assets	0	0	0.02	0.04	0.02	0.05
Other Long-Term Assets	0.69	0.49	0.46	0.47	0.61	0.14
Total Assets	66.01	65.02	67.92	64.3	61.26	63.99
Accounts Payable	5.63	4.93	5.74	5.15	5.99	9.31
Current Portion of Long-Term Debt	14.25	14.88	15.5	14.12	14.26	10.31
Current Unearned Revenue	8.97	7.87	6.76	3.65	3.69	5.75
Other Current Liabilities	1.19	1	1.76	1.25	1.31	1.72
Total Current Liabilities	30.03	28.67	29.75	24.18	25.24	27.1
Long-Term Debt	0.44	0.86	2.53	3.6	-	0.72
Long-Term Unearned Revenue	0.33	0.36	0.58	0.86	1.14	1.44
Other Long-Term Liabilities	0.01	0.02	0.07	0.13	0.48	0.75
Total Liabilities	30.82	29.91	32.93	28.77	26.86	30.01
Common Stock	1.22	1.22	1.22	1.22	1.22	1.22
Retained Earnings	1.28	1.2	1.14	1.92	7.01	1.11
Comprehensive Income & Other	32.69	32.69	32.63	32.39	26.18	31.64
Shareholders' Equity	35.19	35.11	34.99	35.53	34.4	33.97
Total Liabilities & Equity	66.01	65.02	67.92	64.3	61.26	63.99
Total Debt	14.69	15.74	18.03	17.73	14.26	11.03
Net Cash (Debt)	-14.6	-15.54	-17.97	-17.22	-13.74	-10.4
Net Cash Per Share	-29.91	-31.83	-36.80	-	-28.13	-21.31
Filing Date Shares Outstanding	0.49	0.49	0.49	-	0.49	0.49
Total Common Shares Outstanding	0.49	0.49	0.49	-	0.49	0.49
Working Capital	-4.47	-4.05	-4.6	-2.98	-2.63	-1.42
Book Value Per Share	72.08	71.92	71.66	-	70.46	69.58
Tangible Book Value	35.19	35.11	34.97	35.49	34.39	33.93
Tangible Book Value Per Share	72.08	71.91	71.63	-	70.43	69.48
Land	-	23.49	23.49	23.49	23.49	23.49
Buildings	-	7.79	7.77	7.68	6.5	6.5
Machinery	-	37.43	35.73	14.68	29.38	28.15
Construction In Progress	-	0.19	1.78	0.69	0.7	0.08

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