DSV A/S 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	13,179	83,576	6,452	10,160	8,299
Cash & Short-Term Investments	13,179	83,576	6,452	10,160	8,299
Cash Growth	-84.23%	1195.35%	-36.50%	22.42%	104.41%
Accounts Receivable	45,130	27,222	22,296	32,387	36,369
Other Receivables	3,338	3,352	2,461	2,461	2,395
Total Trade Receivables	48,468	30,574	24,757	34,848	38,764
Inventory	2,095	5,007	4,314	1,889	284
Other Current Assets	9,969	6,391	5,029	5,823	9,863
Total Current Assets	78,207	126,512	42,374	54,438	58,824
Net Property, Plant & Equipment	52,193	25,492	21,869	20,978	19,971
Other Intangible Assets	150,954	77,877	77,106	77,674	76,661
Other Long-Term Assets	13,515	7,628	7,583	7,673	7,553
Total Assets	290,373	236,545	147,110	159,045	161,395
Accounts Payable	23,493	14,456	13,111	14,992	17,040
Accrued Expenses	12,726	8,063	7,920	12,085	13,289
Current Portion of Long-Term Debt	67,005	61,144	22,143	22,212	21,465
Current Portion of Leases	30,930	21,673	17,947	16,767	15,288
Other Current Liabilities	22,684	10,551	9,394	12,894	13,331
Total Current Liabilities	82,293	39,214	38,339	46,769	53,413
Other Long-Term Liabilities	15,845	6,155	7,629	8,354	6,704
Total Long-Term Liabilities	90,390	82,828	39,805	40,535	33,704
Total Liabilities	172,683	122,042	78,144	87,304	87,117
Common Stock	240	240	219	219	240
Accumulated Other Comprehensive Income	-5,393	237	-718	919	-356
Retained Earnings	122,567	113,705	69,202	70,381	74,219
Total Common Shareholders' Equity	117,414	114,182	68,703	71,519	74,103
Minority Interest	276	321	263	222	175
Shareholders' Equity	117,690	114,503	68,966	71,741	74,278
Total Liabilities & Equity	290,373	236,545	147,110	159,045	161,395
Total Debt	97,935	82,817	40,090	38,979	36,753
Net Cash (Debt)	-84,756	759	-33,638	-28,819	-28,454
Net Cash Per Share	-358.89	3.53	-156.08	-125.05	-122.31
Book Value	117,414	114,182	68,703	71,519	74,103
Book Value Per Share	497.18	530.64	318.78	310.32	318.53
Tangible Book Value	-33,540	36,305	-8,403	-6,155	-2,558
Tangible Book Value Per Share	-142.02	168.72	-38.99	-26.71	-11.00

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.