FirstFarms 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	12.06	137.7	25.88	21.86	77.47
Cash & Short-Term Investments	12.06	137.7	25.88	21.86	77.47
Cash Growth	-91.24%	432.08%	18.39%	-71.78%	899.19%
Accounts Receivable	23.4	28.54	28.79	26.14	20.95
Other Receivables	45.7	28.2	45.21	35.36	17.26
Receivables	69.1	56.74	74	61.5	38.2
Inventory	157.01	118.34	85.34	124.98	83.56
Other Current Assets	128.8	100.76	97.15	84.48	64.61
Total Current Assets	366.98	413.54	282.37	292.82	263.84
Property, Plant & Equipment	1,299	1,191	1,162	1,006	816.22
Long-Term Investments	45.06	45.06	45.06	24.2	-
Goodwill	16.08	16.08	16.08	16.08	16.08
Long-Term Deferred Tax Assets	17.23	19.6	4.45	2.26	2.4
Total Assets	1,745	1,685	1,510	1,341	1,099
Accounts Payable	32.13	32.02	29.48	34.05	20.65
Short-Term Debt	41.01	23.25	11.74	44.69	9.47
Current Portion of Long-Term Debt	52.1	46.98	44.56	112.79	137.23
Current Portion of Leases	14.89	14.91	14	14.72	13.85
Current Income Taxes Payable	0.5	0.95	1.79	4.82	0.77
Current Unearned Revenue	4.47	5.53	3.33	2.62	2.84
Other Current Liabilities	25.07	23.28	27.56	40.38	47.04
Total Current Liabilities	170.15	146.93	132.46	254.08	231.86
Long-Term Debt	452.77	544.79	480.12	277.65	219.46
Long-Term Leases	64.42	58.77	57.63	50.16	50.33
Long-Term Unearned Revenue	116.91	70.25	70.14	22.39	8.84
Long-Term Deferred Tax Liabilities	38.05	40.91	41.6	40.91	31.85
Other Long-Term Liabilities	3.25	4.11	5.55	13.23	26.08
Total Liabilities	845.54	865.74	787.49	658.43	568.41
Common Stock	122.46	111.46	99.46	94.6	78.61
Retained Earnings	817.26	756.5	657.21	621.52	490.55
Comprehensive Income & Other	-41.18	-48.86	-34.48	-33.06	-39.03
Total Common Equity	898.55	819.1	722.2	683.06	530.13
Minority Interest	0.72	0.06	-	-	-
Shareholders' Equity	899.27	819.16	722.2	683.06	530.13
Total Liabilities & Equity	1,745	1,685	1,510	1,341	1,099
Total Debt	625.17	688.7	608.05	500.02	430.34
Net Cash (Debt)	-613.11	-550.99	-582.17	-478.16	-352.88
Net Cash Per Share	-50.12	-49.43	-56.95	-46.97	-35.03
Filing Date Shares Outstanding	12.23	12.24	11.15	9.46	7.86
Total Common Shares Outstanding	12.23	11.15	9.95	9.46	7.86
Working Capital	196.83	266.62	149.92	38.74	31.98
Book Value Per Share	73.46	73.49	72.61	72.20	67.44
Tangible Book Value	882.47	803.01	706.11	666.98	514.05
Tangible Book Value Per Share	72.15	72.04	70.99	70.50	65.39
Land	461.81	447.22	427.69	465.51	436.47
Buildings	635.44	562.61	541.19	344.3	318.54
Machinery	433.16	376.29	334.17	278.28	217.07
Construction In Progress	57.41	39.89	54	142.71	37.49

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