FirstFarms 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 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1.79	137.7	25.88	21.86	77.47	7.75
Cash & Short-Term Investments	1.79	137.7	25.88	21.86	77.47	7.75
Cash Growth	-98.85%	432.08%	18.39%	-71.78%	899.19%	153.61%
Accounts Receivable	25.87	28.54	28.79	26.14	20.95	18.77
Other Receivables	57.39	17.65	35.46	33.13	14.9	18.13
Total Trade Receivables	83.26	46.19	64.25	59.27	35.84	36.9
Inventory	141.14	118.34	85.34	124.98	83.56	76.4
Other Current Assets	138.48	111.31	106.91	86.71	66.97	66.83
Total Current Assets	364.68	413.54	282.37	292.82	263.84	187.89
Net Property, Plant & Equipment	1,213	1,130	1,100	958.34	775.28	892.85
Goodwill	16.08	16.08	16.08	16.08	16.08	16.08
Long-Term Investments	45.06	45.06	45.06	24.2	0	0
Other Long-Term Assets	58.31	79.84	65.91	50.05	43.34	45.13
Total Assets	1,698	1,685	1,510	1,341	1,099	1,142
Accounts Payable	52.01	55.3	57.03	74.44	67.69	66.39
Current Portion of Long-Term Debt	118.35	85.14	70.31	172.2	160.56	112.2
Other Current Liabilities	6.54	6.48	5.12	7.44	3.61	14.84
Total Current Liabilities	176.9	146.93	132.46	254.08	231.86	193.44
Long-Term Debt	494.99	603.55	537.75	327.82	269.79	368.82
Other Long-Term Liabilities	112.81	115.26	117.29	76.53	66.77	96.22
Total Long-Term Liabilities	607.8	718.82	655.04	404.35	336.55	465.04
Total Liabilities	784.7	865.74	787.49	658.43	568.41	658.48
Common Stock	122.46	111.46	99.46	94.6	78.61	75.67
Accumulated Other Comprehensive Income	-41.45	-48.86	-34.48	-33.06	-39.03	-40.56
Retained Earnings	831.7	756.5	657.21	621.52	490.55	448.37
Total Common Shareholders' Equity	912.85	819.1	722.2	683.06	530.13	483.48
Minority Interest	0.13	0.06	0	-	-	-
Shareholders' Equity	912.98	819.16	722.2	683.06	530.13	483.48
Total Liabilities & Equity	1,698	1,685	1,510	1,341	1,099	1,142
Total Debt	613.34	688.7	608.05	500.02	430.34	481.02
Net Cash (Debt)	-611.55	-550.99	-582.17	-478.16	-352.88	-473.27
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-50.00	-44.00	-56.95	-46.97	-35.03	-47.17
Book Value	912.85	819.1	722.2	683.06	530.13	483.48
Book Value Per Share	74.63	65.41	70.65	67.10	52.63	48.19
Tangible Book Value	896.76	803.01	706.11	666.98	514.05	467.39
Tangible Book Value Per Share	73.31	64.12	69.07	65.52	51.03	46.58