Tivoli A/S (CPH:TIV)

Tivoli Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	18	74.8	75.6	63.7	13.5	24.8
Short-Term Investments	-	-	-	-	-	4.9
Cash & Short-Term Investments	18	74.8	75.6	63.7	13.5	29.7
Cash Growth	-48.13%	-1.06%	18.68%	371.85%	-54.55%	-83.77%
Accounts Receivable	36.9	40.5	34.2	33.3	19.5	9.5
Other Receivables	42.8	88.2	75.7	72.1	25	149.4
Receivables	79.7	128.7	109.9	105.4	44.5	158.9
Inventory	23.8	19.5	14.5	14.1	12.2	12.2
Prepaid Expenses	22	-	-	-	-	6.1
Other Current Assets	0.9	-0.1	-	-	0.1	-
Total Current Assets	144.4	222.9	200	183.2	70.3	206.9
Property, Plant & Equipment	1,564	1,493	1,438	1,427	1,447	1,481
Long-Term Investments	14.4	14.4	14.8	15.2	15.6	16.5
Other Intangible Assets	77.3	56.6	47.7	43.2	38.8	35
Other Long-Term Assets	6.3	6.2	5.9	5.2	4.6	-
Total Assets	1,807	1,793	1,706	1,674	1,577	1,739
Accounts Payable	55.2	57.7	45.1	45.4	35.1	28.7
Accrued Expenses	-	75.2	76.4	57.8	56	92.9
Short-Term Debt	57.1	-	-	12.9	12.9	85.1
Current Portion of Long-Term Debt	23.3	22.4	16.8	17.5	52.8	72.2
Current Portion of Leases	16.2	14.9	13.6	13.4	10.8	10.6
Current Income Taxes Payable	-	-	0.1	2.5	2.4	-
Current Unearned Revenue	104	100.2	93.1	98.8	80.9	82.6
Other Current Liabilities	87.5	35	43.3	44.9	28.7	27.9
Total Current Liabilities	343.3	305.4	288.4	293.2	279.6	400
Long-Term Debt	222	239.8	262.3	275.4	311	315.4
Long-Term Leases	43.1	46.3	52.5	63.2	59.1	66.2
Long-Term Deferred Tax Liabilities	54.4	54.2	53.6	53.4	50.4	54.6
Total Liabilities	662.8	645.7	656.8	685.2	700.1	836.2
Common Stock	57.2	57.2	57.2	57.2	57.2	57.2
Retained Earnings	1,076	1,080	977.9	907.9	819.4	884.3
Comprehensive Income & Other	10.8	9.8	14	23.3	-	-38.6
Shareholders' Equity	1,144	1,147	1,049	988.4	876.6	902.9
Total Liabilities & Equity	1,807	1,793	1,706	1,674	1,577	1,739
Total Debt	361.7	323.4	345.2	382.4	446.6	549.5
Net Cash (Debt)	-343.7	-248.6	-269.6	-318.7	-433.1	-519.8
Net Cash Per Share	-60.11	-43.49	-47.16	-55.75	-75.76	-90.93
Filing Date Shares Outstanding	5.72	5.72	5.72	5.72	5.72	5.72
Total Common Shares Outstanding	5.72	5.72	5.72	5.72	5.72	5.72
Working Capital	-198.9	-82.5	-88.4	-110	-209.3	-193.1
Book Value Per Share	200.08	200.62	183.52	172.90	153.34	157.94
Tangible Book Value	1,067	1,090	1,001	945.2	837.8	867.9
Tangible Book Value Per Share	186.56	190.72	175.17	165.34	146.55	151.82
Land	-	1,687	1,668	1,647	1,606	1,596
Machinery	-	733.7	710	693.9	686.9	675.1
Construction In Progress	-	96.4	51.7	11.8	9.9	22

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