Solar 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	133	459	441	166	481
Cash & Short-Term Investments	133	459	441	166	481
Cash Growth	-71.02%	4.08%	165.66%	-65.49%	19.06%
Accounts Receivable	1,714	1,657	1,648	1,859	1,502
Other Receivables	24	127	42	22	6
Total Trade Receivables	1,738	1,784	1,690	1,881	1,508
Inventory	1,871	1,888	2,029	2,248	1,855
Other Current Assets	68	77	59	42	46
Total Current Assets	3,810	4,208	4,219	4,337	3,890
Net Property, Plant & Equipment	1,774	1,478	1,506	1,346	1,185
Other Intangible Assets	651	381	348	173	159
Long-Term Investments	3	3	4	4	5
Other Long-Term Assets	58	38	35	41	66
Total Assets	6,296	6,108	6,112	5,901	5,305
Accounts Payable	1,937	1,852	1,770	1,902	2,098
Accrued Expenses	387	462	520	604	644
Current Portion of Long-Term Debt	650	841	714	556	19
Current Portion of Leases	154	141	130	117	102
Unearned Revenue	17	35	0	-	-
Other Current Liabilities	42	25	88	82	55
Total Current Liabilities	3,187	3,356	3,222	3,261	2,918
Long-Term Debt	664	425	434	293	120
Long-Term Leases	290	284	320	274	203
Other Long-Term Liabilities	159	169	154	142	112
Total Long-Term Liabilities	1,113	878	908	709	435
Total Liabilities	4,300	4,234	4,130	3,970	3,353
Common Stock	801	736	736	736	736
Accumulated Other Comprehensive Income	-196	-234	-198	-181	-158
Retained Earnings	1,345	1,326	1,394	1,376	1,374
Total Common Shareholders' Equity	1,950	1,828	1,932	1,931	1,952
Minority Interest	46	46	50	0	-
Shareholders' Equity	1,996	1,874	1,982	1,931	1,952
Total Liabilities & Equity	6,296	6,108	6,112	5,901	5,305
Total Debt	1,758	1,691	1,598	1,240	444
Net Cash (Debt)	-1,625	-1,232	-1,157	-1,074	37
Net Cash Per Share	-219.08	-168.06	-157.86	-146.54	5.05
Book Value	1,950	1,828	1,932	1,931	1,952
Book Value Per Share	262.90	249.37	263.60	263.47	266.50
Tangible Book Value	1,299	1,447	1,584	1,758	1,793
Tangible Book Value Per Share	175.13	197.39	216.12	239.86	244.79

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