Sphera Franchise Group Balance Sheet

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	80.18	115.76	98.15	128.09	146.12	121.91
Cash & Short-Term Investments	80.18	115.76	98.15	128.09	146.12	121.91
Cash Growth	-22.99%	17.95%	-23.38%	-12.34%	19.86%	508.21%
Accounts Receivable	14.22	1.16	2.23	4.26	3.03	18.36
Other Receivables	-	11.43	7.9	16.21	23.61	-
Receivables	14.22	12.59	10.13	20.47	27.24	18.36
Inventory	13.85	16.4	14.95	15.91	13.39	11.1
Prepaid Expenses	6.44	6.47	7.9	3.01	3.31	2.11
Other Current Assets	-	0.07	0.04	0.81	3.38	-
Total Current Assets	114.69	151.29	131.16	168.28	193.44	153.48
Property, Plant & Equipment	544.79	542.9	478.84	448.28	454.46	431.57
Goodwill	-	35.45	35.45	35.45	35.45	35.45
Other Intangible Assets	60.67	23.86	22.69	22.33	24.32	25.73
Long-Term Accounts Receivable	-	-	-	-	-	0.4
Long-Term Deferred Tax Assets	26.73	22.91	23.84	22.62	19.09	13.63
Other Long-Term Assets	6.98	7.15	9.34	8.93	7.55	7.02
Total Assets	753.85	783.54	701.32	705.88	734.31	667.28
Accounts Payable	133.68	95.21	90.7	82.28	81.48	56.67
Accrued Expenses	-	59.83	53.96	45.87	43.7	56.24
Short-Term Debt	-	-	-	20.3	25.15	29.9
Current Portion of Long-Term Debt	43.07	43.63	42.32	44.79	41.33	36.45
Current Portion of Leases	71.24	64.85	56.04	52.69	54.18	47.85
Current Income Taxes Payable	4.9	5.6	4.15	0.45	0.51	2.53
Current Unearned Revenue	0.69	0.62	0.39	0.31	-	-
Other Current Liabilities	1.6	1.04	1.27	24.5	2.74	3.06
Total Current Liabilities	255.17	270.78	248.84	271.2	249.1	232.7
Long-Term Debt	88.03	92.19	91.46	122.95	146.11	83.86
Long-Term Leases	260.88	258.43	211.84	190.73	202.82	196.88
Long-Term Unearned Revenue	0.46	0.49	0.66	-	-	-
Pension & Post-Retirement Benefits	6.46	5.49	4.61	3.86	4.24	3.14
Long-Term Deferred Tax Liabilities	0.66	0.85	0.97	0.78	-	-
Other Long-Term Liabilities	0.33	0.33	0.33	-	-	1.57
Total Liabilities	611.99	628.56	558.7	589.52	602.26	518.15
Common Stock	581.99	581.99	581.99	581.99	581.99	581.99
Retained Earnings	83.78	95.16	79.83	54.01	71.46	88.03
Treasury Stock	-5.75	-4.79	-2.04	-	-	-
Comprehensive Income & Other	-518.76	-517.93	-517.65	-519.94	-521.57	-521.16
Total Common Equity	141.26	154.43	142.13	116.07	131.88	148.87
Minority Interest	0.61	0.56	0.49	0.3	0.18	0.25
Shareholders' Equity	141.87	154.99	142.62	116.36	132.05	149.12
Total Liabilities & Equity	753.85	783.54	701.32	705.88	734.31	667.28
Total Debt	463.22	459.11	401.66	431.46	469.59	394.94
Net Cash (Debt)	-383.04	-343.34	-303.51	-303.37	-323.47	-273.03
Net Cash Per Share	-9.91	-8.88	-7.84	-7.82	-8.34	-7.04
Filing Date Shares Outstanding	38.64	38.68	38.7	38.8	38.8	38.8
Total Common Shares Outstanding	38.64	38.68	38.7	38.8	38.8	38.8
Working Capital	-140.48	-119.49	-117.67	-102.91	-55.66	-79.22
Book Value Per Share	3.66	3.99	3.67	2.99	3.40	3.84
Tangible Book Value	80.59	95.13	83.99	58.29	72.11	87.7
Tangible Book Value Per Share	2.09	2.46	2.17	1.50	1.86	2.26
Buildings	-	275.92	251.4	213.23	196.26	174.68
Machinery	-	213.7	201.48	188.82	178.57	160.7
Construction In Progress	-	22.04	29.53	43.32	21.85	5.46

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