Ennogie Solar Group 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
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	2.59	2.13	13.84	11.97	10.91
Cash & Short-Term Investments	2.59	2.13	13.84	11.97	10.91
Cash Growth	21.30%	-84.59%	15.66%	9.70%	-
Accounts Receivable	18.97	10.52	16.15	10.81	4.34
Other Receivables	11.73	4.12	2.17	0.97	-
Receivables	30.7	14.64	18.31	11.78	4.34
Inventory	15.23	13.77	19.31	15.64	9.91
Prepaid Expenses	0.73	1.04	0.67	0.96	-
Other Current Assets	-	-0	0	-	-
Total Current Assets	49.24	31.58	52.13	40.34	25.16
Property, Plant & Equipment	2.84	1.84	2.63	1.12	1.07
Long-Term Investments	-	-	-	-	0.75
Other Intangible Assets	18.3	16.79	15.6	13.54	12.53
Other Long-Term Assets	6.29	2.36	2.83	2.26	0.29
Total Assets	76.67	52.57	73.19	57.26	39.8
Accounts Payable	16.28	7.6	12.5	3.93	4.5
Short-Term Debt	3.74	3.03	0.31	0.48	0.81
Current Portion of Long-Term Debt	3.27	4	4.4	3.93	1.59
Current Portion of Leases	0.74	1.01	1.15	0.56	-
Current Unearned Revenue	0.63	0.63	0.64	0.63	-
Other Current Liabilities	17.54	6.97	6.97	14.32	-
Total Current Liabilities	42.19	23.24	25.96	23.84	6.9
Long-Term Debt	7.51	8.65	14.65	18.52	4.95
Long-Term Leases	1.81	0.46	1.02	0.01	-
Long-Term Unearned Revenue	0.64	1.27	1.9	2.52	-
Other Long-Term Liabilities	4.96	3.79	0.6	0.44	12.95
Total Liabilities	57.1	37.4	44.13	45.33	24.8
Common Stock	33.32	31.36	31.36	27.78	26.25
Retained Earnings	-13	-15.61	-1.72	-15.3	-10.69
Treasury Stock	-0.56	-0.56	-0.56	-0.56	-0.56
Comprehensive Income & Other	-0.19	-0.03	-0.02	-0	-
Shareholders' Equity	19.57	15.16	29.06	11.93	15
Total Liabilities & Equity	76.67	52.57	73.19	57.26	39.8
Total Debt	17.06	17.15	21.52	23.49	7.34
Net Cash (Debt)	-14.47	-15.02	-7.68	-11.53	3.57
Net Cash Per Share	-0.46	-0.48	-0.27	-0.42	0.64
Filing Date Shares Outstanding	33.31	31.35	31.35	0.46	26.24
Total Common Shares Outstanding	33.31	31.35	31.35	0.46	26.24
Working Capital	7.05	8.34	26.17	16.5	18.26
Book Value Per Share	0.59	0.48	0.93	25.89	0.57
Tangible Book Value	1.27	-1.62	13.46	-1.61	2.48
Tangible Book Value Per Share	0.04	-0.05	0.43	-3.50	0.09
Machinery	0.73	0.68	0.68	0.67	1.07
Leasehold Improvements	0.21	0.21	0.21	0.24	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.