Brødrene A & O Johansen Balance Sheet

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

Millions DKK. 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	61.4	55.4	89.5	34.97	136.95
Cash & Short-Term Investments	61.4	55.4	89.5	34.97	136.95
Cash Growth	10.83%	-38.10%	155.91%	-74.46%	2.79%
Accounts Receivable	696.6	608.2	542.8	636.44	491.69
Other Receivables	36.9	52.9	20.6	32.13	9.7
Receivables	733.5	661.1	563.4	668.57	501.39
Inventory	896.6	814.5	757.4	865.95	580.48
Prepaid Expenses	26	25.3	26.2	21.51	17.04
Total Current Assets	1,718	1,556	1,437	1,591	1,236
Property, Plant & Equipment	1,418	1,303	92.1	1,115	971.13
Long-Term Investments	0.2	0.2	0.2	0.28	0.25
Goodwill	760.9	757.5	508.5	499.69	412.03
Other Intangible Assets	199	170.5	1,205	112.34	89.29
Other Long-Term Assets	-	-	0.1	-	-
Total Assets	4,096	3,787	3,242	3,318	2,709
Accounts Payable	1,127	1,037	1,007	1,181	1,013
Accrued Expenses	65.5	57.9	66	49.46	45.04
Current Portion of Long-Term Debt	401	278.9	109.3	73.69	72.86
Current Portion of Leases	47.9	31.8	36.8	28.97	16.63
Current Income Taxes Payable	2.8	8.2	3.1	3.5	3.18
Other Current Liabilities	17.2	5.9	10.1	34.42	22.32
Total Current Liabilities	1,662	1,420	1,232	1,371	1,173
Long-Term Debt	548	643.6	398.7	418.01	188.76
Long-Term Leases	113.5	93.7	66.4	56.84	53.47
Long-Term Deferred Tax Liabilities	94.5	83.2	70.1	64.61	52.19
Other Long-Term Liabilities	10.4	11.1	-	-	1.5
Total Liabilities	2,428	2,251	1,767	1,911	1,469
Common Stock	28	28	28	28	28
Retained Earnings	1,644	1,520	1,455	1,388	1,214
Comprehensive Income & Other	-3.5	-11.7	-7.6	-8.64	-2.49
Shareholders' Equity	1,668	1,536	1,475	1,407	1,240
Total Liabilities & Equity	4,096	3,787	3,242	3,318	2,709
Total Debt	1,110	1,048	611.2	577.51	331.71
Net Cash (Debt)	-1,049	-992.6	-521.7	-542.54	-194.77
Net Cash Per Share	-38.39	-36.40	-19.16	-19.95	-7.17
Filing Date Shares Outstanding	27.24	27.18	27.18	27.18	27.18
Total Common Shares Outstanding	27.24	27.18	27.18	27.18	27.18
Working Capital	55.9	136.8	204.6	219.65	63.16
Book Value Per Share	61.24	56.53	54.29	51.79	45.63
Tangible Book Value	708.1	608.3	-238.2	795.47	738.62
Tangible Book Value Per Share	26.00	22.38	-8.77	29.27	27.18
Land	1,309	1,195	-	1,033	910.44
Machinery	644.9	627.8	603.8	578.16	516.46
Leasehold Improvements	22.3	29.1	31.5	25.82	20.16

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