Gubra 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	32.19	134.4	53.4	71.93	115.79
Short-Term Investments	1,051	287.84	-	-	-
Trading Asset Securities	-	-	403.99	-	-
Cash & Short-Term Investments	1,083	422.25	457.39	71.93	115.79
Cash Growth	156.48%	-7.68%	535.92%	-37.88%	72.56%
Accounts Receivable	42.17	42.85	57.02	39.35	88.86
Other Receivables	30.42	9.32	24.12	70.8	1.51
Receivables	72.59	52.17	81.14	110.15	90.37
Prepaid Expenses	4.59	6.71	3.51	9.94	0.71
Total Current Assets	1,160	481.12	542.03	192.01	206.86
Property, Plant & Equipment	131.99	110.27	63.46	55.74	91.32
Other Intangible Assets	13.22	15.24	11.69	7.33	3.71
Long-Term Deferred Tax Assets	-	-	3.69	3.76	-
Other Long-Term Assets	14.52	5.86	4.41	4.06	0.24
Total Assets	1,320	612.48	625.28	262.9	302.13
Accounts Payable	11.39	16.17	11.41	10.59	5.38
Current Portion of Long-Term Debt	-	-	-	-	2.16
Current Portion of Leases	18.61	14.8	10.75	8.44	4.38
Current Income Taxes Payable	-	0.38	-	4.44	-
Current Unearned Revenue	21.92	31.03	44.69	35.02	76.75
Other Current Liabilities	33.19	17.03	17.25	35.24	15.54
Total Current Liabilities	85.1	79.42	84.09	93.73	104.21
Long-Term Debt	-	-	-	-	42.3
Long-Term Leases	88.84	81.65	60.69	60.96	3.61
Long-Term Deferred Tax Liabilities	-	-	-	-	0.55
Other Long-Term Liabilities	-	0.85	0.85	-	-
Total Liabilities	173.94	161.91	145.62	154.7	150.66
Common Stock	16.35	16.35	16.35	0.13	0.13
Retained Earnings	1,130	434.22	463.31	108.07	151.33
Shareholders' Equity	1,146	450.57	479.66	108.21	151.46
Total Liabilities & Equity	1,320	612.48	625.28	262.9	302.13
Total Debt	107.44	96.45	71.44	69.4	52.44
Net Cash (Debt)	975.52	325.8	385.95	2.52	63.34
Net Cash Growth	199.43%	-15.59%	15203.37%	-96.02%	641.30%
Net Cash Per Share	59.26	19.64	25.44	0.21	482.53
Filing Date Shares Outstanding	16.33	16.31	16.29	0.13	0.13
Total Common Shares Outstanding	16.33	16.31	16.29	0.13	0.13
Working Capital	1,075	401.7	457.95	98.28	102.65
Book Value Per Share	70.16	27.63	29.44	819.01	1153.79
Tangible Book Value	1,133	435.33	467.97	100.88	147.76
Tangible Book Value Per Share	69.35	26.70	28.73	763.53	1125.56
Land	11.51	9.02	9.2	15.57	87.5
Machinery	65.17	50.57	13.72	6.96	24.97
Leasehold Improvements	3.96	2.5	-	-	-

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