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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	75.44	102.56	115.76	98.15	128.09	146.12
Cash & Short-Term Investments	75.44	102.56	115.76	98.15	128.09	146.12
Cash Growth	-12.57%	-11.41%	17.95%	-23.38%	-12.34%	19.86%
Accounts Receivable	13.59	1.72	1.16	2.23	4.26	3.03
Other Receivables	-	11.22	11.43	7.9	16.21	23.61
Receivables	13.59	12.93	12.59	10.13	20.47	27.24
Inventory	14.08	17.1	16.4	14.95	15.91	13.39
Prepaid Expenses	8.26	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	111.37	141.19	151.29	131.16	168.28	193.44
Property, Plant & Equipment	552.15	542.6	542.9	478.84	448.28	454.46
Goodwill	-	35.45	35.45	35.45	35.45	35.45
Other Intangible Assets	61.17	25.98	23.86	22.69	22.33	24.32
Long-Term Deferred Tax Assets	26.09	25.91	22.91	23.84	22.62	19.09
Other Long-Term Assets	6.48	6.92	7.15	9.34	8.93	7.55
Total Assets	757.27	778.04	783.54	701.32	705.88	734.31
Accounts Payable	135.58	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	43.19	42.49	43.63	42.32	44.79	41.33
Current Portion of Leases	68.37	71.27	64.85	56.04	52.69	54.18
Current Income Taxes Payable	8.11	5.24	5.6	4.15	0.45	0.51
Current Unearned Revenue	0.71	0.65	0.62	0.39	0.31	-
Other Current Liabilities	2.38	2.91	1.04	1.27	24.5	2.74
Total Current Liabilities	258.34	285.65	270.78	248.84	271.2	249.1
Long-Term Debt	101.34	106.2	92.19	91.46	122.95	146.11
Long-Term Leases	259.34	251.84	258.43	211.84	190.73	202.82
Long-Term Unearned Revenue	0.33	0.38	0.49	0.66	-	-
Pension & Post-Retirement Benefits	5.78	6.17	5.49	4.61	3.86	4.24
Long-Term Deferred Tax Liabilities	0.51	0.55	0.85	0.97	0.78	-
Other Long-Term Liabilities	0.33	0.33	0.33	0.33	-	-
Total Liabilities	625.97	651.12	628.56	558.7	589.52	602.26
Common Stock	580.1	581.99	581.99	581.99	581.99	581.99
Retained Earnings	70.03	68.77	95.16	79.83	54.01	71.46
Treasury Stock	-1.39	-6.38	-4.79	-2.04	-	-
Comprehensive Income & Other	-517.96	-517.92	-517.93	-517.65	-519.94	-521.57
Total Common Equity	130.79	126.45	154.43	142.13	116.07	131.88
Minority Interest	0.51	0.47	0.56	0.49	0.3	0.18
Shareholders' Equity	131.3	126.92	154.99	142.62	116.36	132.05
Total Liabilities & Equity	757.27	778.04	783.54	701.32	705.88	734.31
Total Debt	472.25	471.8	459.11	401.66	431.46	469.59
Net Cash (Debt)	-396.81	-369.25	-343.34	-303.51	-303.37	-323.47
Net Cash Per Share	-10.27	-9.56	-8.88	-7.84	-7.82	-8.34
Filing Date Shares Outstanding	38.64	38.64	38.68	38.7	38.8	38.8
Total Common Shares Outstanding	38.64	38.64	38.68	38.7	38.8	38.8
Working Capital	-146.98	-144.46	-119.49	-117.67	-102.91	-55.66
Book Value Per Share	3.39	3.27	3.99	3.67	2.99	3.40
Tangible Book Value	69.61	65.02	95.13	83.99	58.29	72.11
Tangible Book Value Per Share	1.80	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