Per Aarsleff Holding Balance Sheet

Financials in millions DKK. Fiscal year is October - September.

Millions DKK. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	1,531	1,238	387	579	316	445
Short-Term Investments	467	465	479	485	499	603
Cash & Short-Term Investments	1,998	1,703	866	1,064	815	1,048
Cash Growth	22.28%	96.65%	-18.61%	30.55%	-22.23%	-37.97%
Accounts Receivable	7,674	7,521	7,191	6,597	5,620	3,863
Other Receivables	473	312	265	300	322	134
Receivables	8,147	7,833	7,456	6,897	5,942	3,997
Inventory	530	516	514	517	483	411
Prepaid Expenses	-	76	97	151	65	44
Other Current Assets	-	-	-	-	74	-
Total Current Assets	10,675	10,128	8,933	8,629	7,379	5,500
Property, Plant & Equipment	5,284	4,819	4,420	4,039	3,626	2,986
Long-Term Investments	-	1	1	1	1	2
Goodwill	566	451	417	405	421	225
Other Intangible Assets	380	334	259	264	277	156
Long-Term Accounts Receivable	-	38	35	32	32	32
Long-Term Deferred Tax Assets	-	9	1	12	7	17
Total Assets	16,959	15,780	14,066	13,382	11,743	8,918
Accounts Payable	3,391	3,366	2,940	2,718	2,466	1,833
Short-Term Debt	100	-	-	-	1,244	142
Current Portion of Long-Term Debt	-	114	81	144	13	9
Current Portion of Leases	288	247	230	183	173	138
Current Income Taxes Payable	-	181	228	48	86	96
Current Unearned Revenue	2,870	2,665	1,845	1,580	1,433	1,160
Other Current Liabilities	1,398	1,371	1,380	1,302	1,331	1,063
Total Current Liabilities	8,047	7,944	6,704	5,975	6,746	4,441
Long-Term Debt	1,295	692	935	1,730	114	94
Long-Term Leases	905	625	557	449	397	263
Long-Term Deferred Tax Liabilities	658	631	486	541	395	261
Other Long-Term Liabilities	336	330	386	283	236	195
Total Liabilities	11,241	10,222	9,068	8,978	7,888	5,254
Common Stock	5,616	39	39	41	41	41
Retained Earnings	-	5,556	5,020	4,445	3,903	3,744
Comprehensive Income & Other	-	-89	-112	-114	-119	-128
Total Common Equity	5,616	5,506	4,947	4,372	3,825	3,657
Minority Interest	102	52	51	32	30	7
Shareholders' Equity	5,718	5,558	4,998	4,404	3,855	3,664
Total Liabilities & Equity	16,959	15,780	14,066	13,382	11,743	8,918
Total Debt	2,588	1,678	1,803	2,506	1,941	646
Net Cash (Debt)	-590	25	-937	-1,442	-1,126	402
Net Cash Growth	-	-	-	-	-	-57.38%
Net Cash Per Share	-30.66	1.29	-48.52	-73.72	-57.06	19.90
Filing Date Shares Outstanding	19.28	18.79	18.99	19.07	19.44	19.97
Total Common Shares Outstanding	19.28	18.79	18.99	19.07	19.44	19.97
Working Capital	2,628	2,184	2,229	2,654	633	1,059
Book Value Per Share	291.35	293.07	260.54	229.21	196.74	183.16
Tangible Book Value	4,670	4,721	4,271	3,703	3,127	3,276
Tangible Book Value Per Share	242.27	251.29	224.94	194.13	160.84	164.08
Land	-	1,905	1,782	1,716	1,439	1,245
Machinery	-	6,145	5,510	4,870	4,545	4,044
Construction In Progress	-	239	200	303	241	147
Order Backlog	-	26,408	24,345	22,250	22,847	19,981