TCM 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	30.82	29.1	13.29	4.39	11.88
Cash & Short-Term Investments	30.82	29.1	13.29	4.39	11.88
Cash Growth	5.90%	119.04%	202.48%	-63.04%	-90.56%
Accounts Receivable	91.94	57.91	79.29	40.98	28.24
Other Receivables	38.09	35.01	34.77	30.2	37.9
Receivables	130.03	92.92	114.06	71.18	66.14
Inventory	102.04	89.15	92.54	80.7	77.76
Prepaid Expenses	2.95	1.68	1.18	2.93	3.24
Other Current Assets	-	-	0	-0	0
Total Current Assets	265.83	212.85	221.06	159.21	159.02
Property, Plant & Equipment	239.14	235.96	237.64	179.66	146.02
Long-Term Investments	-	49.79	47.99	48.7	47.44
Goodwill	519.75	412	412	369.8	369.8
Other Intangible Assets	352.33	280.11	260.32	186.04	176.52
Other Long-Term Assets	4.22	15.84	21.86	26.82	8.52
Total Assets	1,381	1,207	1,201	970.23	907.32
Accounts Payable	127.89	122.29	144.71	151.89	158.92
Current Portion of Long-Term Debt	82.72	23	95.51	203.1	163.51
Current Portion of Leases	13.64	12.29	14.2	11.97	11.22
Current Income Taxes Payable	4.14	1.41	1.67	3.56	-
Current Unearned Revenue	1.14	0.29	0.58	-	-
Other Current Liabilities	96.57	75.63	77.8	51.33	56.14
Total Current Liabilities	326.09	234.9	334.47	421.85	389.79
Long-Term Debt	274.02	228.83	168.07	25.06	27.83
Long-Term Leases	37.2	43.7	48.15	48.81	15.19
Long-Term Deferred Tax Liabilities	76.73	66.63	68.03	53.39	53.69
Other Long-Term Liabilities	38.5	43	52.5	0.48	1.13
Total Liabilities	752.53	617.06	671.22	549.6	487.63
Common Stock	1.05	1.05	1.05	0.91	1
Retained Earnings	627.59	588.34	541.61	432.72	554.7
Treasury Stock	-0.02	-0.01	-12.09	-12.09	-135.98
Comprehensive Income & Other	0.12	0.1	-0.92	-0.92	-0.03
Shareholders' Equity	628.75	589.48	529.65	420.63	419.69
Total Liabilities & Equity	1,381	1,207	1,201	970.23	907.32
Total Debt	407.56	307.82	325.93	288.94	217.74
Net Cash (Debt)	-376.75	-278.72	-312.65	-284.55	-205.86
Net Cash Per Share	-36.25	-26.61	-31.96	-31.33	-21.46
Filing Date Shares Outstanding	10.33	10.44	10.44	9.07	9.17
Total Common Shares Outstanding	10.33	10.44	10.44	9.07	9.17
Working Capital	-60.26	-22.06	-113.41	-262.64	-230.77
Book Value Per Share	60.86	56.46	50.74	46.39	45.78
Tangible Book Value	-243.33	-102.62	-142.67	-135.21	-126.63
Tangible Book Value Per Share	-23.55	-9.83	-13.67	-14.91	-13.81
Land	15.63	15.62	14.25	12.41	6.99
Buildings	130.9	130.07	129.38	94.48	94.97
Machinery	144.24	118.02	103.79	76	71.27
Construction In Progress	0.88	10.66	6.13	1.12	11.77

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