Inclusio Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Property, Plant & Equipment	368.94	375.38	328.8	274.35	218.59	150.79	Upgrade
Cash & Equivalents	0.5	0.26	0.66	0.59	0.94	11.06	Upgrade
Accounts Receivable	0.11	0.06	0.07	0.05	0.16	0.03	Upgrade
Other Receivables	0.38	0.27	0.39	0.4	0.52	0.25	Upgrade
Other Intangible Assets	-	-	0.01	0.03	0.05	0.08	Upgrade
Other Current Assets	13.17	0.2	0.23	0.47	0.03	0.5	Upgrade
Other Long-Term Assets	11.51	12.01	13.1	14.36	1.23	0.5	Upgrade
Total Assets	394.59	388.18	343.26	290.25	221.53	163.21	Upgrade
Long-Term Debt	148.01	144.17	125.56	71.2	51.48	10.22	Upgrade
Accounts Payable	3.69	1.28	1.16	2.08	1.23	4.81	Upgrade
Accrued Expenses	-	1.92	2.05	2.07	0.63	0.04	Upgrade
Current Income Taxes Payable	-	0.23	0.07	0.27	0.01	-	Upgrade
Current Unearned Revenue	-	0.27	0.18	0.13	0.04	0.02	Upgrade
Other Current Liabilities	0.24	0.33	0.33	0.18	0	-	Upgrade
Other Long-Term Liabilities	-0	-	-	-	-	-	Upgrade
Total Liabilities	164.77	161.07	130.11	104.01	53.76	15.24	Upgrade
Common Stock	145.75	142.92	142.92	142.92	142.92	139.08	Upgrade
Additional Paid-In Capital	8.75	8.75	8.75	8.75	8.75	8.38	Upgrade
Retained Earnings	12.59	24.11	35.54	23.52	15.47	-0.12	Upgrade
Treasury Stock	-0.01	-0.06	-0.11	-0.04	-	-	Upgrade
Comprehensive Income & Other	62.74	51.39	26.06	11.1	0.63	0.63	Upgrade
Total Common Equity	229.82	227.11	213.15	186.25	167.77	147.97	Upgrade
Shareholders' Equity	229.82	227.11	213.15	186.25	167.77	147.97	Upgrade
Total Liabilities & Equity	394.59	388.18	343.26	290.25	221.53	163.21	Upgrade
Total Debt	160.85	157.03	126.31	99.27	51.84	10.38	Upgrade
Net Cash (Debt)	-160.35	-156.77	-125.65	-98.67	-50.89	0.68	Upgrade
Net Cash Per Share	-21.32	-21.13	-16.93	-13.28	-6.85	0.15	Upgrade
Filing Date Shares Outstanding	7.62	7.42	7.42	7.43	7.43	7.19	Upgrade
Total Common Shares Outstanding	7.62	7.42	7.42	7.43	7.43	7.19	Upgrade
Book Value Per Share	30.16	30.61	28.73	25.08	22.59	20.59	Upgrade
Tangible Book Value	229.82	227.11	213.14	186.22	167.72	147.88	Upgrade
Tangible Book Value Per Share	30.16	30.61	28.73	25.08	22.58	20.57	Upgrade
Buildings	-	-	-	-	214.23	129.24	Upgrade
Construction In Progress	-	15.4	9.6	18.29	4.31	21.52	Upgrade

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