TCM Group Balance Sheet

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	36.8	30.82	29.1	13.29	4.39	11.88
Cash & Short-Term Investments	36.8	30.82	29.1	13.29	4.39	11.88
Cash Growth	7.29%	5.90%	119.04%	202.48%	-63.04%	-90.56%
Accounts Receivable	128.1	91.94	57.91	79.29	40.98	28.24
Other Receivables	20.1	38.09	35.01	34.77	30.2	37.9
Receivables	148.2	130.03	92.92	114.06	71.18	66.14
Inventory	104.6	102.04	89.15	92.54	80.7	77.76
Prepaid Expenses	1	2.95	1.68	1.18	2.93	3.24
Other Current Assets	-	-	-	0	-0	0
Total Current Assets	290.6	265.83	212.85	221.06	159.21	159.02
Property, Plant & Equipment	237.5	239.14	235.96	237.64	179.66	146.02
Long-Term Investments	-	-	49.79	47.99	48.7	47.44
Goodwill	519.7	519.75	412	412	369.8	369.8
Other Intangible Assets	356.6	352.33	280.11	260.32	186.04	176.52
Other Long-Term Assets	3.2	4.22	15.84	21.86	26.82	8.52
Total Assets	1,408	1,381	1,207	1,201	970.23	907.32
Accounts Payable	185.9	127.89	122.29	144.71	151.89	158.92
Current Portion of Long-Term Debt	83.1	82.72	23	95.51	203.1	163.51
Current Portion of Leases	12.2	13.64	12.29	14.2	11.97	11.22
Current Income Taxes Payable	3.8	4.14	1.41	1.67	3.56	-
Current Unearned Revenue	3.1	1.14	0.29	0.58	-	-
Other Current Liabilities	87.7	96.57	75.63	77.8	51.33	56.14
Total Current Liabilities	375.8	326.09	234.9	334.47	421.85	389.79
Long-Term Debt	237.3	274.02	228.83	168.07	25.06	27.83
Long-Term Leases	36.6	37.2	43.7	48.15	48.81	15.19
Long-Term Deferred Tax Liabilities	76.1	76.73	66.63	68.03	53.39	53.69
Other Long-Term Liabilities	38.5	38.5	43	52.5	0.48	1.13
Total Liabilities	764.3	752.53	617.06	671.22	549.6	487.63
Common Stock	1.1	1.05	1.05	1.05	0.91	1
Retained Earnings	642.8	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	-0.6	0.12	0.1	-0.92	-0.92	-0.03
Shareholders' Equity	643.3	628.75	589.48	529.65	420.63	419.69
Total Liabilities & Equity	1,408	1,381	1,207	1,201	970.23	907.32
Total Debt	369.2	407.56	307.82	325.93	288.94	217.74
Net Cash (Debt)	-332.4	-376.75	-278.72	-312.65	-284.55	-205.86
Net Cash Per Share	-32.06	-36.25	-26.61	-31.96	-31.33	-21.46
Filing Date Shares Outstanding	10.33	10.33	10.44	10.44	9.07	9.17
Total Common Shares Outstanding	10.33	10.33	10.44	10.44	9.07	9.17
Working Capital	-85.2	-60.26	-22.06	-113.41	-262.64	-230.77
Book Value Per Share	62.26	60.86	56.46	50.74	46.39	45.78
Tangible Book Value	-233	-243.33	-102.62	-142.67	-135.21	-126.63
Tangible Book Value Per Share	-22.55	-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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.