Sphera Franchise Group 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	102.56	115.76	98.15	128.09	146.12
Cash & Short-Term Investments	102.56	115.76	98.15	128.09	146.12
Cash Growth	-11.41%	17.95%	-23.38%	-12.34%	19.86%
Accounts Receivable	1.72	1.16	2.23	4.26	3.03
Other Receivables	11.22	11.43	7.9	16.21	23.61
Receivables	12.93	12.59	10.13	20.47	27.24
Inventory	17.1	16.4	14.95	15.91	13.39
Prepaid Expenses	8.54	6.47	7.9	3.01	3.31
Other Current Assets	0.06	0.07	0.04	0.81	3.38
Total Current Assets	141.19	151.29	131.16	168.28	193.44
Property, Plant & Equipment	542.6	542.9	478.84	448.28	454.46
Goodwill	35.45	35.45	35.45	35.45	35.45
Other Intangible Assets	25.98	23.86	22.69	22.33	24.32
Long-Term Deferred Tax Assets	25.91	22.91	23.84	22.62	19.09
Other Long-Term Assets	6.92	7.15	9.34	8.93	7.55
Total Assets	778.04	783.54	701.32	705.88	734.31
Accounts Payable	98.49	95.21	90.7	82.28	81.48
Accrued Expenses	64.6	59.83	53.96	45.87	43.7
Short-Term Debt	-	-	-	20.3	25.15
Current Portion of Long-Term Debt	42.49	43.63	42.32	44.79	41.33
Current Portion of Leases	71.27	64.85	56.04	52.69	54.18
Current Income Taxes Payable	5.24	5.6	4.15	0.45	0.51
Current Unearned Revenue	0.65	0.62	0.39	0.31	-
Other Current Liabilities	2.91	1.04	1.27	24.5	2.74
Total Current Liabilities	285.65	270.78	248.84	271.2	249.1
Long-Term Debt	106.2	92.19	91.46	122.95	146.11
Long-Term Leases	251.84	258.43	211.84	190.73	202.82
Long-Term Unearned Revenue	0.38	0.49	0.66	-	-
Pension & Post-Retirement Benefits	6.17	5.49	4.61	3.86	4.24
Long-Term Deferred Tax Liabilities	0.55	0.85	0.97	0.78	-
Other Long-Term Liabilities	0.33	0.33	0.33	-	-
Total Liabilities	651.12	628.56	558.7	589.52	602.26
Common Stock	581.99	581.99	581.99	581.99	581.99
Retained Earnings	68.77	95.16	79.83	54.01	71.46
Treasury Stock	-6.38	-4.79	-2.04	-	-
Comprehensive Income & Other	-517.92	-517.93	-517.65	-519.94	-521.57
Total Common Equity	126.45	154.43	142.13	116.07	131.88
Minority Interest	0.47	0.56	0.49	0.3	0.18
Shareholders' Equity	126.92	154.99	142.62	116.36	132.05
Total Liabilities & Equity	778.04	783.54	701.32	705.88	734.31
Total Debt	471.8	459.11	401.66	431.46	469.59
Net Cash (Debt)	-369.25	-343.34	-303.51	-303.37	-323.47
Net Cash Per Share	-9.56	-8.88	-7.84	-7.82	-8.34
Filing Date Shares Outstanding	38.64	38.68	38.7	38.8	38.8
Total Common Shares Outstanding	38.64	38.68	38.7	38.8	38.8
Working Capital	-144.46	-119.49	-117.67	-102.91	-55.66
Book Value Per Share	3.27	3.99	3.67	2.99	3.40
Tangible Book Value	65.02	95.13	83.99	58.29	72.11
Tangible Book Value Per Share	1.68	2.46	2.17	1.50	1.86
Buildings	283.98	275.92	251.4	213.23	196.26
Machinery	233.6	213.7	201.48	188.82	178.57
Construction In Progress	32.92	22.04	29.53	43.32	21.85

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