TROPHY GAMES Development 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	23.05	25.43	24.72	28.27	37.76
Cash & Short-Term Investments	23.05	25.43	24.72	28.27	37.76
Cash Growth	-9.36%	2.87%	-12.55%	-25.14%	2323.36%
Accounts Receivable	13.57	6.74	4.7	4.09	3.56
Other Receivables	18.65	3.33	2.83	5.86	4.23
Receivables	32.21	10.06	7.53	9.94	7.79
Total Current Assets	55.26	35.49	32.25	38.21	45.54
Property, Plant & Equipment	-	-	0.22	0.5	0.78
Other Intangible Assets	26.48	27.72	25.5	19.43	27.93
Long-Term Deferred Tax Assets	-	-	-	0.93	-
Other Long-Term Assets	2.86	4.98	4.11	0.75	0.75
Total Assets	84.6	68.19	62.07	59.82	75.01
Accounts Payable	3.9	0.25	1.08	0.92	2.12
Short-Term Debt	0	0.01	0.09	-	-
Current Income Taxes Payable	3.37	1.26	0.33	-	0.04
Other Current Liabilities	5.39	2.68	3.36	3.64	3.04
Total Current Liabilities	12.67	4.2	4.86	4.56	5.2
Long-Term Deferred Tax Liabilities	5.81	5.19	4.82	3.39	4.12
Other Long-Term Liabilities	-0	-	-	-	1.33
Total Liabilities	18.48	9.39	9.68	7.95	10.66
Common Stock	0.55	0.55	0.55	0.55	0.55
Retained Earnings	66.14	58.34	52.39	51.64	63.8
Comprehensive Income & Other	-0.58	-0.09	-0.07	-	-
Total Common Equity	66.12	58.8	52.87	52.19	64.35
Minority Interest	-	-	-0.48	-0.32	-
Shareholders' Equity	66.12	58.8	52.39	51.87	64.35
Total Liabilities & Equity	84.6	68.19	62.07	59.82	75.01
Total Debt	0	0.01	0.09	-	-
Net Cash (Debt)	23.05	25.42	24.63	28.27	37.76
Net Cash Growth	-9.35%	3.24%	-12.88%	-25.14%	2323.36%
Net Cash Per Share	0.86	1.00	0.91	1.02	1.37
Filing Date Shares Outstanding	26.53	26.97	27.2	27.6	27.6
Total Common Shares Outstanding	26.53	26.97	27.2	27.6	27.6
Working Capital	42.59	31.29	27.39	33.65	40.34
Book Value Per Share	2.49	2.18	1.94	1.89	2.33
Tangible Book Value	39.64	31.08	27.37	32.76	36.42
Tangible Book Value Per Share	1.49	1.15	1.01	1.19	1.32
Machinery	0.21	0.21	0.21	0.21	0.21
Leasehold Improvements	0.64	0.64	0.64	0.64	0.64

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