Brain+ Balance Sheet

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2018	FY 2017	FY 2016
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Cash & Equivalents	4.34	0.06	3.09	2.8	1.6	1.31
Cash & Short-Term Investments	4.34	0.06	3.09	2.8	1.6	1.31
Cash Growth	55.41%	-98.15%	10.59%	74.40%	22.50%	-
Accounts Receivable	-	-	0.03	0.04	0.02	0.03
Other Receivables	0.71	0.71	0.95	0.16	0.62	0.63
Receivables	0.71	0.71	0.98	0.2	0.64	0.66
Prepaid Expenses	0.04	0.06	0.35	-	-	-
Other Current Assets	-	0	-	-	-	-
Total Current Assets	5.1	0.83	4.42	2.99	2.24	1.97
Property, Plant & Equipment	-	-	-	0.01	0.01	0
Long-Term Investments	0.09	0.09	-	-	-	-
Other Intangible Assets	30.16	32.22	31.55	19.77	13.99	9.17
Total Assets	35.35	33.13	35.97	22.76	16.25	11.15
Accounts Payable	-	1.77	1.09	0.1	0.03	0.35
Current Unearned Revenue	-	2.72	2.66	11.57	5.19	-
Other Current Liabilities	2.84	0.95	0.55	1.89	1.28	1.59
Total Current Liabilities	2.84	5.45	4.3	13.56	6.5	1.95
Long-Term Unearned Revenue	-	16.09	18.69	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	1.67	1.81	1.97
Other Long-Term Liabilities	18.07	0.61	0.59	1.29	1.24	1.15
Total Liabilities	20.9	22.15	23.59	16.53	9.55	5.07
Common Stock	11.33	17	6.55	0.1	0.1	0.11
Retained Earnings	-20.41	-31.15	-18.77	4.39	4.69	4.1
Comprehensive Income & Other	23.53	25.13	24.61	1.74	1.91	1.87
Shareholders' Equity	14.45	10.98	12.38	6.24	6.7	6.08
Total Liabilities & Equity	35.35	33.13	35.97	22.76	16.25	11.15
Net Cash (Debt)	4.34	0.06	3.09	2.8	1.6	1.31
Net Cash Growth	55.41%	-98.15%	10.59%	74.40%	22.50%	-
Net Cash Per Share	-	0.00	0.08	2.92	1.67	-
Filing Date Shares Outstanding	-	212.54	36.72	0.96	0.96	-
Total Common Shares Outstanding	-	212.54	36.72	0.96	0.96	-
Working Capital	2.26	-4.62	0.12	-10.57	-4.26	0.02
Book Value Per Share	-	0.05	0.34	6.51	6.99	-
Tangible Book Value	-15.71	-21.24	-19.17	-13.53	-7.3	-3.09
Tangible Book Value Per Share	-	-0.10	-0.52	-14.12	-7.61	-
Machinery	-	0.07	0.07	0.03	0.03	0.01

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