cBrain 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	41.95	22.26	9.23	2.23	72.18
Cash & Short-Term Investments	41.95	22.26	9.23	2.23	72.18
Cash Growth	88.47%	141.02%	315.01%	-96.92%	41.97%
Accounts Receivable	36.8	62.97	52.43	42.22	28.7
Other Receivables	5.27	4.45	2.23	7.51	2.03
Total Trade Receivables	42.07	67.42	54.66	49.73	30.73
Total Current Assets	84.02	89.68	63.89	51.96	102.91
Net Property, Plant & Equipment	232.96	234.09	211.57	215.08	56.79
Other Intangible Assets	71.44	67.66	64.59	110.29	98.44
Long-Term Investments	0.47	0.95	0.8	0.51	6.93
Other Long-Term Assets	-	-	-	0.51	6.93
Total Assets	388.88	392.38	340.86	322.69	215.85
Accounts Payable	5.71	3.33	3.43	5.42	3.33
Current Portion of Leases	0.63	1.54	-	-	7.5
Unearned Revenue	6.96	5.74	5.16	10.47	4.3
Other Current Liabilities	3.06	8.94	13.78	5.11	2.94
Total Current Liabilities	34.21	43.1	51.11	50.69	34
Long-Term Debt	27.01	48.83	50.71	98.58	0
Long-Term Leases	0	1.18	0	0	36.02
Other Long-Term Liabilities	27.22	34.28	38.59	33.61	26.89
Total Long-Term Liabilities	36.37	60.76	60.57	102.5	46.98
Total Liabilities	70.58	103.86	111.68	153.19	80.97
Common Stock	5	5	5	5	5
Accumulated Other Comprehensive Income	20	12.8	5.6	4.2	3.4
Retained Earnings	293.3	270.72	218.58	160.3	126.48
Shareholders' Equity	318.3	288.52	229.18	169.5	134.88
Total Liabilities & Equity	388.88	392.38	340.86	322.69	215.85
Total Debt	27.63	51.56	50.71	98.58	43.52
Net Cash (Debt)	14.31	-29.3	-41.48	-96.35	28.66
Net Cash Growth	-	-	-	-	-37.76%
Net Cash Per Share	0.73	-1.50	-2.12	-4.93	1.45
Book Value	318.3	288.52	229.18	169.5	134.88
Book Value Per Share	16.27	14.75	11.72	8.67	6.84
Tangible Book Value	246.86	220.86	164.59	59.21	36.44
Tangible Book Value Per Share	12.62	11.29	8.41	3.03	1.85