H. Lundbeck 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	3,479	4,664	5,010	3,548	2,279	3,924
Cash & Short-Term Investments	3,479	4,664	5,010	3,548	2,279	3,924
Cash Growth	-58.19%	-6.91%	41.21%	55.68%	-41.92%	30.28%
Accounts Receivable	5,609	3,432	2,965	2,709	2,459	2,553
Other Receivables	-	591	661	854	472	1,085
Receivables	5,609	4,023	3,626	3,563	2,931	3,638
Inventory	4,271	3,983	4,427	4,046	3,031	2,163
Prepaid Expenses	-	340	226	255	371	380
Total Current Assets	13,359	13,010	13,289	11,412	8,612	10,105
Property, Plant & Equipment	3,276	2,366	2,246	2,236	2,295	2,241
Long-Term Investments	49	67	99	173	57	116
Goodwill	-	9,832	5,507	5,667	5,377	4,845
Other Intangible Assets	35,490	30,335	15,185	16,833	17,373	17,893
Long-Term Deferred Tax Assets	745	266	238	230	193	233
Other Long-Term Assets	274	1,100	843	901	746	596
Total Assets	53,193	56,976	37,407	37,452	34,653	36,029
Accounts Payable	4,326	4,370	4,410	4,251	3,914	3,740
Accrued Expenses	1	2,163	1,222	1,041	708	2
Current Portion of Long-Term Debt	-	-	-	-	-	2,000
Current Portion of Leases	76	82	86	88	86	77
Current Income Taxes Payable	947	316	571	535	519	675
Other Current Liabilities	3,754	1,649	1,701	2,284	3,591	3,518
Total Current Liabilities	9,104	8,580	7,990	8,199	8,818	10,012
Long-Term Debt	11,924	16,174	3,714	5,096	4,783	5,397
Long-Term Leases	408	437	351	395	453	416
Pension & Post-Retirement Benefits	249	223	216	213	288	288
Long-Term Deferred Tax Liabilities	5,153	5,530	2,283	2,152	1,448	1,614
Other Long-Term Liabilities	1,202	1,022	808	618	584	1,329
Total Liabilities	28,040	31,966	15,362	16,673	16,374	19,056
Common Stock	996	996	996	996	996	996
Retained Earnings	24,629	22,334	19,877	18,189	16,571	15,748
Comprehensive Income & Other	-472	1,680	1,172	1,594	712	229
Shareholders' Equity	25,153	25,010	22,045	20,779	18,279	16,973
Total Liabilities & Equity	53,193	56,976	37,407	37,452	34,653	36,029
Total Debt	12,408	16,693	4,151	5,579	5,322	7,890
Net Cash (Debt)	-8,929	-12,029	859	-2,031	-3,043	-3,966
Net Cash Per Share	-9.00	-12.13	0.87	-2.05	-3.06	-3.99
Filing Date Shares Outstanding	991.89	991.23	992.01	992.84	993.23	993.49
Total Common Shares Outstanding	991.89	991.23	992.01	992.84	993.23	993.49
Working Capital	4,255	4,430	5,299	3,213	-206	93
Book Value Per Share	25.36	25.23	22.22	20.93	18.40	17.08
Tangible Book Value	-10,337	-15,157	1,353	-1,721	-4,471	-5,765
Tangible Book Value Per Share	-10.42	-15.29	1.36	-1.73	-4.50	-5.80
Land	-	3,984	3,829	3,685	3,537	3,495
Machinery	-	3,176	3,047	2,898	2,894	2,835

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