Vrancart 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	2.14	1.85	2.82	3.56	2.37
Cash & Short-Term Investments	2.14	1.85	2.82	3.56	2.37
Cash Growth	15.97%	-34.65%	-20.77%	50.45%	-57.38%
Accounts Receivable	82.76	92.81	74.41	104.97	101.93
Other Receivables	9.42	5.88	11.36	15.63	4.1
Receivables	92.18	98.7	85.77	120.6	106.03
Inventory	101.21	85.38	76.63	81.37	72.16
Prepaid Expenses	2.26	1.29	1.05	4.48	1.12
Restricted Cash	-	-	-	1.88	-
Other Current Assets	1.6	19.73	19.73	-	-
Total Current Assets	199.39	206.94	186.01	211.9	181.67
Property, Plant & Equipment	593.57	639.49	552.11	425.2	336.37
Long-Term Investments	-	-	-	-	0.04
Goodwill	0.51	8.53	8.53	8.53	8.53
Other Intangible Assets	3.9	2.49	3.79	5.11	5.85
Other Long-Term Assets	5.15	9.05	24.59	38.26	2.04
Total Assets	802.52	866.5	775.01	689	534.49
Accounts Payable	62.74	71.29	56.6	69.92	73.69
Accrued Expenses	5.88	11.01	12.76	14.4	8.56
Short-Term Debt	119.05	72.94	63.61	20.87	30.49
Current Portion of Long-Term Debt	-	49.6	79.06	47.67	40.82
Current Portion of Leases	5.75	8.71	9.32	7.72	5.86
Current Income Taxes Payable	0.51	0.89	0.09	0.68	-
Current Unearned Revenue	5.92	7.32	2.33	2.71	2.88
Other Current Liabilities	8.77	1.57	2.79	2.03	1.67
Total Current Liabilities	208.62	223.34	226.57	166.01	163.97
Long-Term Debt	160.31	156.81	140.96	164.23	96.96
Long-Term Leases	9.91	22.99	21.98	16.35	17.87
Long-Term Unearned Revenue	74.69	77.81	13.14	11.74	9.62
Pension & Post-Retirement Benefits	0.68	0.92	0.44	0.44	0.42
Long-Term Deferred Tax Liabilities	9.03	12.87	13.89	14.77	5.13
Other Long-Term Liabilities	0	0.44	0.49	0.1	0.02
Total Liabilities	463.23	495.18	417.47	373.63	293.99
Common Stock	201.01	201.01	169.12	120.34	120.36
Additional Paid-In Capital	-	0.84	0.78	0.66	-
Retained Earnings	-38.44	68.96	86.68	91.02	4.69
Comprehensive Income & Other	176.72	100.51	100.97	103.35	115.45
Total Common Equity	339.29	371.32	357.55	315.37	240.51
Minority Interest	-0	-0	-0	-0	-0
Shareholders' Equity	339.29	371.32	357.54	315.37	240.51
Total Liabilities & Equity	802.52	866.5	775.01	689	534.49
Total Debt	295.02	311.06	314.92	256.84	191.99
Net Cash (Debt)	-292.88	-309.21	-312.09	-253.27	-189.62
Net Cash Per Share	-0.15	-0.17	-0.23	-0.20	-0.18
Filing Date Shares Outstanding	2,010	2,010	1,691	1,203	1,032
Total Common Shares Outstanding	2,010	2,010	1,691	1,203	1,032
Working Capital	-9.23	-16.41	-40.56	45.89	17.7
Book Value Per Share	0.17	0.18	0.21	0.26	0.23
Tangible Book Value	334.88	360.3	345.24	301.73	226.13
Tangible Book Value Per Share	0.17	0.18	0.20	0.25	0.22
Land	-	20.06	20.06	19.16	16.41
Buildings	-	177.39	144.5	110.9	95.97
Machinery	-	555.41	343.66	289.82	274.7
Construction In Progress	-	20.32	146.1	67.77	47.72

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