Inclusio Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	0.44	0.27	0.26	0.66	0.59	0.94
Cash & Short-Term Investments	0.44	0.27	0.26	0.66	0.59	0.94
Cash Growth	-43.76%	4.06%	-60.53%	10.96%	-37.20%	-91.46%
Accounts Receivable	0.07	0.05	0.06	0.07	0.05	0.16
Inventory	3.69	6.79	-	-	-	-
Other Current Assets	0.95	0.43	0.47	0.62	0.87	0.55
Total Current Assets	5.16	7.54	0.79	1.34	1.52	1.66
Net Property, Plant & Equipment	394.08	388.74	375.38	328.81	274.35	218.59
Other Intangible Assets	-	-	-	0.01	0.03	0.05
Long-Term Investments	11.7	11.41	12.01	13.1	14.36	1.23
Total Assets	410.94	407.69	388.18	343.26	290.26	221.53
Accounts Payable	4.18	4.45	3.91	3.66	4.43	1.84
Accrued Expenses	0.25	0.18	0.13	0.15	0.31	0.08
Current Portion of Long-Term Debt	20.48	20.48	12.85	0.75	28.07	0.36
Other Current Liabilities	7.02	-	-	-	-	-
Total Current Liabilities	31.93	25.1	16.89	4.55	32.81	2.28
Long-Term Debt	143.13	142.5	142.55	124.8	71.2	51.48
Other Long-Term Liabilities	0.29	0.85	1.62	0.76	0	-
Total Long-Term Liabilities	143.42	143.35	144.17	125.56	71.2	51.48
Total Liabilities	175.35	168.45	161.07	130.11	104.01	53.76
Common Stock	145.74	145.74	142.92	142.92	142.92	142.92
Additional Paid-in Capital	8.75	8.75	8.75	8.75	8.75	8.75
Retained Earnings	81.09	84.74	75.44	61.49	34.58	16.1
Shareholders' Equity	235.59	239.24	227.11	213.15	186.25	167.77
Total Liabilities & Equity	410.94	407.69	388.18	343.26	290.26	221.53
Total Debt	163.61	162.98	155.4	125.55	99.27	51.84
Net Cash (Debt)	-163.17	-162.71	-155.15	-124.89	-98.67	-50.89
Net Cash Per Share	-21.28	-21.36	-20.91	-16.83	-13.28	-6.85
Book Value	235.59	239.24	227.11	213.15	186.25	167.77
Book Value Per Share	30.73	31.40	30.61	28.72	25.07	22.59
Tangible Book Value	235.59	239.24	227.11	213.14	186.22	167.72
Tangible Book Value Per Share	30.73	31.40	30.61	28.72	25.07	22.58