SP Group 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	109.28	150.41	50.28	93.42	82.16
Cash & Short-Term Investments	109.28	150.41	50.28	93.42	82.16
Cash Growth	-27.35%	199.17%	-46.18%	13.71%	-33.03%
Accounts Receivable	472.17	400.54	328.78	314.3	296.02
Other Receivables	93.18	88.85	109.64	37.47	56.86
Receivables	565.35	489.39	438.41	351.77	352.88
Inventory	737.07	629.75	676.9	739.24	605.1
Prepaid Expenses	-	-	-	14.54	19
Other Current Assets	19.95	15.3	14.43	-	-
Total Current Assets	1,432	1,285	1,180	1,199	1,059
Property, Plant & Equipment	1,648	1,425	1,387	1,293	1,120
Long-Term Investments	15.62	15.67	0.3	0.36	0.4
Goodwill	700.25	331.4	330.94	332.08	242.8
Other Intangible Assets	160.83	59.99	69.99	84.12	59.61
Long-Term Deferred Tax Assets	11.28	8.81	9.71	9.45	11
Long-Term Deferred Charges	25.7	35.36	40.6	42.36	35.44
Other Long-Term Assets	0.58	0.68	1.33	1.4	1.22
Total Assets	3,994	3,162	3,020	2,962	2,530
Accounts Payable	217.48	168.42	165.38	192.84	185.43
Short-Term Debt	267.19	266.03	309.26	259.95	262.82
Current Portion of Long-Term Debt	148.86	102.94	114.34	125.55	89.35
Current Portion of Leases	59.15	56.47	64.74	60.3	75.71
Current Income Taxes Payable	27.3	7.25	7.81	9.45	19.3
Current Unearned Revenue	95.96	81	53.79	56.41	58.57
Other Current Liabilities	143.37	137.26	130.11	185.29	195.76
Total Current Liabilities	959.31	819.37	845.42	889.78	886.96
Long-Term Debt	888.94	369.67	407.65	512.67	330.79
Long-Term Leases	190.38	160.09	167.91	151.54	126.47
Long-Term Deferred Tax Liabilities	125.33	92.98	106.11	87.32	70.25
Other Long-Term Liabilities	21.34	22.9	28.99	54.5	31.52
Total Liabilities	2,185	1,465	1,556	1,696	1,446
Common Stock	24.98	24.98	24.98	24.98	24.98
Retained Earnings	1,950	1,732	1,510	1,389	1,220
Treasury Stock	-217.35	-144.96	-128.72	-118.73	-113.94
Comprehensive Income & Other	43.96	78.98	53.3	-32.53	-49.65
Total Common Equity	1,802	1,691	1,459	1,263	1,081
Minority Interest	7.51	5.66	4.18	3.45	2.93
Shareholders' Equity	1,809	1,697	1,464	1,266	1,084
Total Liabilities & Equity	3,994	3,162	3,020	2,962	2,530
Total Debt	1,555	955.2	1,064	1,110	885.15
Net Cash (Debt)	-1,445	-804.79	-1,014	-1,017	-802.99
Net Cash Per Share	-120.71	-66.50	-83.38	-83.53	-65.11
Filing Date Shares Outstanding	11.81	12.02	12.11	12.12	12.15
Total Common Shares Outstanding	11.81	12.06	12.11	12.16	12.18
Working Capital	472.34	465.48	334.6	309.19	172.19
Book Value Per Share	152.56	140.25	120.49	103.86	88.77
Tangible Book Value	940.49	1,300	1,058	846.45	778.68
Tangible Book Value Per Share	79.64	107.79	87.39	69.62	63.94
Land	829.57	606.75	596.19	580.51	466.63
Machinery	1,849	1,680	1,656	1,529	1,351
Construction In Progress	62.6	168.05	79.79	51.86	61.84
Leasehold Improvements	98.13	101.24	94.32	73.58	64.81

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.