Harboes Bryggeri Balance Sheet

Financials in millions DKK. Fiscal year is May - April.

Millions DKK. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Cash & Equivalents	4.01	30.44	33.13	9.37	46.09	16.64
Cash & Short-Term Investments	4.01	30.44	33.13	9.37	46.09	16.64
Cash Growth	-74.48%	-8.12%	253.79%	-79.68%	176.95%	-63.78%
Accounts Receivable	351.84	349.81	359.73	295.51	224.66	183.69
Other Receivables	9.14	74.62	63.07	66.61	53.73	89.06
Receivables	360.98	424.43	422.8	362.11	278.39	272.75
Inventory	208.61	199.46	194.42	205.37	164.93	144.73
Other Current Assets	-	-	2.43	-	-	-
Total Current Assets	573.61	654.33	652.78	576.85	489.4	434.12
Property, Plant & Equipment	767.95	739.3	636.87	589.01	613.58	653.04
Long-Term Investments	1.54	1.54	1.54	1.54	2.36	5.89
Goodwill	-	3.57	3.57	3.57	3.57	3.57
Other Intangible Assets	3.65	0.21	0.41	0.63	2.65	9.85
Other Long-Term Assets	19.35	22.09	25.26	28.05	31.46	34.61
Total Assets	1,366	1,421	1,320	1,200	1,143	1,141
Accounts Payable	241.52	254.77	244.51	145.12	158.6	117.91
Accrued Expenses	-	44.82	42.76	35.7	39.48	50.19
Current Portion of Long-Term Debt	80.5	90.15	39.21	107.57	15.99	16.2
Current Portion of Leases	10.37	12.14	10.89	10.81	9.68	10
Current Unearned Revenue	1.55	1.83	2.12	2.43	2.87	3.44
Other Current Liabilities	74.9	71.11	69.17	73.71	68.33	71.86
Total Current Liabilities	408.84	474.82	408.65	375.33	294.95	269.59
Long-Term Debt	78.32	87.18	91.2	54.18	70.32	86.3
Long-Term Leases	29.98	32	33.44	35.34	33.03	39.91
Long-Term Unearned Revenue	10.24	11.17	12.93	14.78	17.37	20.85
Long-Term Deferred Tax Liabilities	47.73	47.73	42.66	43.38	46.45	44.63
Other Long-Term Liabilities	-	-	-	-0.04	-0.04	-0.01
Total Liabilities	575.11	652.89	588.86	522.97	462.08	461.26
Common Stock	60	60	60	60	60	60
Retained Earnings	730.99	707.93	671.58	616.81	621.13	621.07
Comprehensive Income & Other	-	0.22	-0.01	-0.18	-0.23	-1.28
Total Common Equity	790.99	768.15	731.57	676.63	680.9	679.79
Minority Interest	-	-	-	0.04	0.04	0.01
Shareholders' Equity	790.99	768.15	731.57	676.67	680.94	679.81
Total Liabilities & Equity	1,366	1,421	1,320	1,200	1,143	1,141
Total Debt	199.17	221.46	174.73	207.9	129.02	152.4
Net Cash (Debt)	-195.16	-191.02	-141.6	-198.54	-82.93	-135.76
Net Cash Per Share	-	-45.24	-33.53	-47.02	-19.64	-32.15
Filing Date Shares Outstanding	-	4.22	4.22	4.22	4.22	4.22
Total Common Shares Outstanding	-	4.22	4.22	4.22	4.22	4.22
Working Capital	164.76	179.51	244.13	201.51	194.46	164.53
Book Value Per Share	-	181.91	173.25	160.24	161.25	160.99
Tangible Book Value	787.34	764.37	727.58	672.43	674.69	666.37
Tangible Book Value Per Share	-	181.02	172.30	159.24	159.78	157.81
Land	-	770.23	720.16	702.97	674.09	686.65
Machinery	-	1,829	1,764	1,662	1,565	1,525
Construction In Progress	-	-	-	-	13.93	11.49

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