S.C. Severnav 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	13.82	7.42	5.7	8.73	6.67
Cash & Short-Term Investments	13.82	7.42	5.7	8.73	6.67
Cash Growth	86.36%	30.11%	-34.74%	30.91%	58.20%
Accounts Receivable	8.07	9.89	8.5	0.59	5.25
Other Receivables	0.34	0.46	1.65	0.31	2.47
Receivables	8.41	10.35	10.15	0.9	7.72
Inventory	47.76	28.44	44.47	46.9	57.18
Total Current Assets	69.99	46.21	60.32	56.54	71.57
Property, Plant & Equipment	177.77	182.64	181.86	166.62	170.89
Other Intangible Assets	1.39	1.4	1.55	1.69	1.84
Other Long-Term Assets	0.14	0.01	0.05	0.2	0.21
Total Assets	249.29	230.26	243.78	225.05	244.52
Accounts Payable	9.14	7.01	8.61	5.22	5.31
Accrued Expenses	1.87	2.42	-	-	-
Current Portion of Long-Term Debt	17.67	26.79	34.28	46.69	42.51
Current Unearned Revenue	49.23	23.74	24.66	29.14	38.12
Other Current Liabilities	2.09	1.33	2.36	1.84	1.98
Total Current Liabilities	79.99	61.29	69.91	82.89	87.92
Long-Term Debt	38.22	40.61	49.27	27.95	26.45
Long-Term Unearned Revenue	2.87	2.68	1.11	1.09	1.11
Pension & Post-Retirement Benefits	0.18	0.16	0.03	0.09	0.08
Other Long-Term Liabilities	0.54	0.59	0.46	0.01	0.03
Total Liabilities	121.79	105.34	120.78	112.04	115.6
Common Stock	22.42	22.42	22.42	12.6	12.6
Retained Earnings	-11.88	-17.72	-22.89	-26.45	-16.44
Comprehensive Income & Other	116.96	120.22	123.46	126.86	132.76
Shareholders' Equity	127.5	124.92	122.99	113.01	128.93
Total Liabilities & Equity	249.29	230.26	243.78	225.05	244.52
Total Debt	55.88	67.4	83.55	74.65	68.96
Net Cash (Debt)	-42.06	-59.99	-77.85	-65.91	-62.29
Net Cash Per Share	-4.69	-6.69	-8.68	-13.07	-12.35
Filing Date Shares Outstanding	8.97	8.97	8.97	5.04	5.04
Total Common Shares Outstanding	8.97	8.97	8.97	5.04	5.04
Working Capital	-10	-15.08	-9.59	-26.35	-16.35
Book Value Per Share	14.22	13.93	13.71	22.42	25.57
Tangible Book Value	126.11	123.52	121.45	111.32	127.08
Tangible Book Value Per Share	14.06	13.77	13.54	22.08	25.21
Land	-	-	-	-	46.7
Buildings	-	-	-	-	94.75
Machinery	-	-	-	-	52.27
Construction In Progress	-	-	-	-	0.36

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