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

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