MT Højgaard Holding 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	540	771	936.4	386.4	252
Cash & Short-Term Investments	540	771	936.4	386.4	252
Cash Growth	-29.96%	-17.66%	142.34%	53.33%	23.59%
Accounts Receivable	2,275	2,475	2,457	2,478	2,256
Other Receivables	-	-	0.1	3.4	1.9
Receivables	2,275	2,475	2,457	2,481	2,258
Inventory	232	268	393.6	444.2	356.2
Prepaid Expenses	33	31	29.6	54.2	20.4
Other Current Assets	29	53	377.4	152.5	-
Total Current Assets	3,109	3,598	4,194	3,519	2,886
Property, Plant & Equipment	460	432	382.2	573.4	623.5
Long-Term Investments	46	87	78.7	69.1	90.8
Goodwill	221	221	220.8	250.4	250.4
Other Intangible Assets	150	164	179	177.8	278.6
Long-Term Deferred Tax Assets	27	102	184.2	174.7	196.8
Other Long-Term Assets	173	78	78.8	24.6	13
Total Assets	4,186	4,682	5,318	4,789	4,339
Accounts Payable	1,051	1,524	1,500	1,384	996.4
Current Portion of Long-Term Debt	1	82	81.9	85.4	6.3
Current Portion of Leases	64	60	58.7	64	65.1
Current Income Taxes Payable	12	10	15.6	15.3	10.5
Current Unearned Revenue	1,181	968	1,310	982.7	838.6
Other Current Liabilities	291	439	730	517.9	534.2
Total Current Liabilities	2,600	3,083	3,696	3,050	2,451
Long-Term Debt	13	189	270.6	355.9	429.3
Long-Term Leases	138	149	152.5	230.6	241.1
Long-Term Deferred Tax Liabilities	31	33	36.4	44.8	110.5
Other Long-Term Liabilities	175	191	316.6	356.6	370.5
Total Liabilities	2,957	3,645	4,472	4,037	3,603
Common Stock	156	156	155.7	155.7	155.7
Retained Earnings	1,079	880	689.3	576.5	563.9
Comprehensive Income & Other	-6	1	-0.8	1.8	1.1
Total Common Equity	1,229	1,037	844.2	734	720.7
Minority Interest	-	-	1.3	17.1	16.1
Shareholders' Equity	1,229	1,037	845.5	751.1	736.8
Total Liabilities & Equity	4,186	4,682	5,318	4,789	4,339
Total Debt	216	480	563.7	735.9	741.8
Net Cash (Debt)	324	291	372.7	-349.5	-489.8
Net Cash Growth	11.34%	-21.92%	-	-	-
Net Cash Per Share	41.61	37.37	47.86	-44.88	-62.90
Filing Date Shares Outstanding	7.71	7.73	7.7	7.67	7.68
Total Common Shares Outstanding	7.71	7.73	7.7	7.67	7.68
Working Capital	509	515	497.9	469	435.1
Book Value Per Share	159.46	134.11	109.69	95.65	93.81
Tangible Book Value	858	652	444.4	305.8	191.7
Tangible Book Value Per Share	111.32	84.32	57.74	39.85	24.95
Land	144	149	146.2	201.2	235.9
Machinery	306	239	180.9	238.1	242.9
Construction In Progress	1	4	0.5	-	3.9
Order Backlog	11,879	11,782	13,505	13,344	10,624

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