Bavarian Nordic A/S (CPH:BAVA)

Bavarian Nordic Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	776.68	1,714	1,623	1,477	575.41	591.82
Trading Asset Securities	1,581	1,620	552.24	391.35	2,270	3,125
Cash & Short-Term Investments	2,358	3,334	2,176	1,869	2,845	3,717
Cash Growth	41.74%	53.24%	16.44%	-34.32%	-23.45%	122.60%
Accounts Receivable	1,514	780.3	1,176	1,778	523.15	381.62
Other Receivables	53.44	65.08	43.9	49.33	11.37	66.33
Receivables	1,568	845.38	1,220	1,827	534.51	447.95
Inventory	2,681	2,514	2,327	1,644	919.07	480.04
Prepaid Expenses	83	34.25	64.32	18.51	153.93	108.84
Other Current Assets	-	9.66	-	44.78	31.89	0.19
Total Current Assets	6,690	6,737	5,787	5,403	4,485	4,754
Property, Plant & Equipment	2,142	2,169	2,242	2,453	1,751	1,489
Other Intangible Assets	5,795	5,960	6,331	6,482	5,943	5,804
Other Long-Term Assets	94.82	88.42	45.51	15.74	212.62	43.16
Total Assets	14,723	14,955	14,406	14,353	12,391	12,089

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	331.67	967.74	1,045	954.14	605.93	263.61
Accrued Expenses	308.49	317.07	280.98	260.04	140.49	68.49
Short-Term Debt	-	-	-	-	1,104	872.2
Current Portion of Long-Term Debt	2.16	2.15	2.07	1.91	10.22	2.88
Current Portion of Leases	43.78	43.37	39.47	44.63	24.49	21.27
Current Income Taxes Payable	35.09	11.08	-	7.21	6.34	3.74
Current Unearned Revenue	2.52	9.95	131.41	-	-	16.9
Other Current Liabilities	300.43	246.16	1,298	1,520	396.22	659.47
Total Current Liabilities	1,024	1,598	2,797	2,788	2,287	1,909
Long-Term Debt	9.81	10.89	13.05	15.14	17.01	18.9
Long-Term Leases	75.6	74.46	73.65	83.62	45.83	57.55
Pension & Post-Retirement Benefits	83.84	82.97	113.59	80.73	-	-
Long-Term Deferred Tax Liabilities	312.06	318.62	-	29.07	-	-
Other Long-Term Liabilities	-	-	-	1,017	2,891	2,730
Total Liabilities	1,505	2,084	2,997	4,013	5,241	4,715

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	792.37	792.37	788.55	780.98	707.35	704.68
Retained Earnings	12,152	11,817	10,434	9,330	6,301	6,589
Treasury Stock	-32.76	-9.67	-2.84	-1.54	-1.46	-1.11
Comprehensive Income & Other	305.8	269.98	188.66	230.49	143.52	82.19
Shareholders' Equity	13,217	12,870	11,409	10,340	7,150	7,375
Total Liabilities & Equity	14,723	14,955	14,406	14,353	12,391	12,089

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	131.34	130.87	128.25	145.3	1,201	972.79
Net Cash (Debt)	2,227	3,203	2,047	1,723	1,644	2,744
Net Cash Growth	45.77%	56.45%	18.81%	4.83%	-40.09%	129.01%
Net Cash Per Share	28.07	41.05	26.21	22.46	23.35	43.48
Filing Date Shares Outstanding	75.68	78.27	78.57	77.94	70.59	70.36
Total Common Shares Outstanding	75.96	78.27	78.57	77.94	70.59	70.36
Working Capital	5,666	5,140	2,990	2,615	2,197	2,845
Book Value Per Share	174.00	164.43	145.20	132.66	101.29	104.82
Tangible Book Value	7,422	6,910	5,078	3,858	1,207	1,571
Tangible Book Value Per Share	97.71	88.29	64.63	49.50	17.10	22.32
Land	-	1,299	1,274	1,268	858.54	546.77
Machinery	-	1,661	1,636	1,536	1,140	736.47
Construction In Progress	-	232.84	159.66	206.72	196.13	578.71
Leasehold Improvements	-	51.55	47.39	47.04	40.24	22.29

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error