TROPHY GAMES Development Balance Sheet

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	-	25.43	24.72	28.27	37.76	1.56
Cash & Short-Term Investments	23.39	25.43	24.72	28.27	37.76	1.56
Cash Growth	7.40%	2.87%	-12.55%	-25.14%	2323.36%	-50.67%
Accounts Receivable	-	6.74	4.7	4.09	3.56	3.15
Other Receivables	-	3.33	2.83	5.86	4.23	0.68
Receivables	-	10.06	7.53	9.94	7.79	3.82
Other Current Assets	-	-	-	-	-	-0
Total Current Assets	-	35.49	32.25	38.21	45.54	5.38
Property, Plant & Equipment	-	-	0.22	0.5	0.78	-
Other Intangible Assets	-	27.72	25.5	19.43	27.93	9.12
Long-Term Deferred Tax Assets	-	-	-	0.93	-	-
Other Long-Term Assets	-	4.98	4.11	0.75	0.75	-
Total Assets	-	68.19	62.07	59.82	75.01	14.5
Accounts Payable	-	0.25	1.08	0.92	2.12	0.65
Short-Term Debt	-	0.01	0.09	-	-	-
Current Income Taxes Payable	-	1.26	0.33	-	0.04	-
Other Current Liabilities	-	2.68	3.36	3.64	3.04	2.55
Total Current Liabilities	-	4.2	4.86	4.56	5.2	3.2
Long-Term Deferred Tax Liabilities	-	5.19	4.82	3.39	4.12	1.83
Other Long-Term Liabilities	-	-	-	-	1.33	-
Total Liabilities	-	9.39	9.68	7.95	10.66	5.02
Common Stock	-	0.55	0.55	0.55	0.55	0.25
Retained Earnings	-	58.34	52.39	51.64	63.8	9.23
Comprehensive Income & Other	-	-0.09	-0.07	-	-	-
Total Common Equity	58.49	58.8	52.87	52.19	64.35	9.48
Minority Interest	-	-	-0.48	-0.32	-	-
Shareholders' Equity	58.49	58.8	52.39	51.87	64.35	9.48
Total Liabilities & Equity	-	68.19	62.07	59.82	75.01	14.5
Total Debt	0	0.01	0.09	-	-	-
Net Cash (Debt)	23.39	25.42	24.63	28.27	37.76	1.56
Net Cash Growth	8.06%	3.24%	-12.88%	-25.14%	2323.36%	-
Net Cash Per Share	0.87	0.94	0.91	1.02	1.37	6.23
Filing Date Shares Outstanding	26.85	26.97	27.2	27.6	27.6	0.25
Total Common Shares Outstanding	26.85	26.97	27.2	27.6	27.6	0.25
Working Capital	-	31.29	27.39	33.65	40.34	2.19
Book Value Per Share	2.18	2.18	1.94	1.89	2.33	37.92
Tangible Book Value	29.99	31.08	27.37	32.76	36.42	0.36
Tangible Book Value Per Share	1.12	1.15	1.01	1.19	1.32	1.43
Machinery	-	0.21	0.21	0.21	0.21	-
Leasehold Improvements	-	0.64	0.64	0.64	0.64	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.