Santierul Naval Constanta 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	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	15.55	33.33	26.64	31.23	42.35
Cash & Short-Term Investments	15.55	33.33	26.64	31.23	42.35
Cash Growth	-53.35%	25.12%	-14.70%	-26.27%	51.39%
Accounts Receivable	8.53	12.14	6.64	19.74	8.41
Other Receivables	7.71	5.62	6.16	3.84	2.68
Receivables	16.23	17.77	12.8	23.58	11.09
Inventory	181.66	263.85	186.94	103.42	172.25
Prepaid Expenses	0.62	1.23	0.62	0.43	-
Other Current Assets	-	-	2.27	2.06	5.01
Total Current Assets	214.06	316.18	229.27	160.72	230.7
Property, Plant & Equipment	119.73	108.08	101.63	91.02	95.73
Long-Term Investments	0.1	0.1	0.1	0.1	-
Other Intangible Assets	0.7	0.09	0	0	-
Other Long-Term Assets	-	-	0	0.03	0.6
Total Assets	334.6	424.46	331.02	251.88	327.04
Accounts Payable	16.68	22.39	15.24	14.65	14.76
Short-Term Debt	-	-	169.1	24.09	85.06
Current Portion of Long-Term Debt	231.04	270.94	-	-	-
Current Unearned Revenue	0.23	0.09	0.09	54.7	98.96
Other Current Liabilities	9.63	8.73	7.67	20.74	9.37
Total Current Liabilities	257.59	302.14	192.1	114.18	208.16
Long-Term Debt	34.69	37.55	2.25	-	-
Long-Term Unearned Revenue	4.07	-	-	-	-
Pension & Post-Retirement Benefits	-	1.02	1.02	1.02	1.02
Other Long-Term Liabilities	2.16	1.27	1.27	9.9	10.01
Total Liabilities	298.5	341.98	196.64	125.11	219.19
Common Stock	162.49	162.49	162.49	162.49	162.49
Retained Earnings	-170.51	-120.99	-70.24	-77.31	-97.53
Comprehensive Income & Other	44.11	40.98	42.12	41.59	42.88
Shareholders' Equity	36.1	82.48	134.38	126.78	107.85
Total Liabilities & Equity	334.6	424.46	331.02	251.88	327.04
Total Debt	265.73	308.49	171.35	24.09	85.06
Net Cash (Debt)	-250.18	-275.16	-144.71	7.13	-42.71
Net Cash Per Share	-3.85	-	-2.23	0.11	-0.66
Filing Date Shares Outstanding	65	-	65	65	65
Total Common Shares Outstanding	65	-	65	65	65
Working Capital	-43.52	14.04	37.17	46.53	22.55
Book Value Per Share	0.56	-	2.07	1.95	1.66
Tangible Book Value	35.4	82.39	134.38	126.77	107.85
Tangible Book Value Per Share	0.54	-	2.07	1.95	1.66
Land	35.31	32.48	32.48	32.48	32.48
Buildings	37.15	51.77	48.54	48.4	48.27
Machinery	116.54	104.71	99.31	89.98	85.52
Construction In Progress	-	-	2.09	0.3	4.4