Pandora 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	1,305	2,394	1,397	794	1,043
Cash & Short-Term Investments	1,305	2,394	1,397	794	1,043
Cash Growth	-45.49%	71.37%	75.94%	-23.87%	-64.18%
Accounts Receivable	1,163	1,217	1,342	1,262	1,009
Other Receivables	1,094	935	952	1,179	806
Total Trade Receivables	2,257	2,152	2,294	2,441	1,815
Inventory	4,883	4,426	4,166	4,211	2,991
Other Current Assets	1,781	253	142	285	139
Total Current Assets	10,226	9,226	7,998	7,731	5,988
Net Property, Plant & Equipment	9,152	8,472	6,525	5,204	4,348
Other Intangible Assets	3,343	3,106	2,886	2,746	2,675
Goodwill	5,020	5,126	4,914	4,822	4,418
Long-Term Investments	296	298	215	249	222
Other Long-Term Assets	1,566	1,530	1,260	1,261	891
Total Assets	29,603	27,758	23,798	22,013	18,542
Accounts Payable	4,623	3,894	3,211	3,131	3,267
Current Portion of Long-Term Debt	3,102	1,776	1,430	4,458	1,161
Unearned Revenue	271	237	185	136	163
Other Current Liabilities	3,256	3,969	3,228	3,457	1,962
Total Current Liabilities	11,252	9,877	8,053	11,181	8,246
Long-Term Debt	11,922	11,625	9,737	3,130	2,765
Other Long-Term Liabilities	1,148	748	652	535	2,223
Total Long-Term Liabilities	13,069	12,374	10,389	3,665	3,295
Total Liabilities	24,321	22,250	18,443	14,846	11,541
Common Stock	79	82	89	96	100
Treasury Stock	-4,236	-3,228	-4,353	-3,320	-3,416
Accumulated Other Comprehensive Income	2,904	2,434	2,090	2,348	2,311
Retained Earnings	6,535	6,219	7,530	8,044	8,007
Shareholders' Equity	5,282	5,508	5,355	7,167	7,001
Total Liabilities & Equity	29,603	27,758	23,798	22,013	18,542
Total Debt	15,024	13,401	11,167	7,588	3,926
Net Cash (Debt)	-13,719	-11,007	-9,770	-6,794	-2,883
Net Cash Per Share	-177.73	-136.03	-113.50	-72.51	-28.92
Book Value	5,282	5,508	5,355	7,167	7,001
Book Value Per Share	68.43	68.07	62.21	76.49	70.24
Tangible Book Value	-3,081	-2,724	-2,445	-401	-92
Tangible Book Value Per Share	-39.91	-33.66	-28.40	-4.28	-0.92

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.