Martifer SGPS Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	37.19	40.23	108.22	82.9	56.33	41.01
Trading Asset Securities	0.01	0.01	1.79	1.94	1.42	1.62
Cash & Short-Term Investments	37.19	40.23	110.02	84.84	57.75	42.63
Cash Growth	-29.61%	-63.43%	29.67%	46.92%	35.46%	-5.47%
Accounts Receivable	49.98	47.33	59.67	45.46	42.47	57.42
Other Receivables	11.68	17.22	11.85	8.78	9	12.57
Receivables	61.66	64.55	71.52	54.24	51.46	69.99
Inventory	15.97	16.8	17.49	10.26	10.16	12.34
Prepaid Expenses	-	-	-	7.51	9.57	-
Other Current Assets	55.67	49.52	21.42	7.37	3.29	13.07
Total Current Assets	170.5	171.11	220.45	164.23	132.23	138.04
Property, Plant & Equipment	129.9	124.49	86.1	66.12	67.58	69.19
Long-Term Investments	0.1	0.35	0.43	5.03	5.27	8.69
Goodwill	10.85	10.85	10.96	10.96	10.97	10.97
Other Intangible Assets	0.39	0.42	0.39	0.39	0.56	0.5
Long-Term Accounts Receivable	1.08	1.11	2.09	3	4.23	5.16
Long-Term Deferred Tax Assets	7.14	7.22	6.47	4.88	5.36	5.89
Other Long-Term Assets	18.92	19.92	19.81	20.07	19.51	21.51
Total Assets	338.88	335.47	346.69	274.69	245.71	259.95

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	43.92	54.56	42.14	31.92	28.67	39.46
Accrued Expenses	17.08	9.95	17.4	22.43	16.78	9.1
Short-Term Debt	2.13	0.02	-	-	-	-
Current Portion of Long-Term Debt	5	5.14	4.46	4.92	3.7	3.49
Current Portion of Leases	2.03	1.5	1.74	1.55	1.34	0.92
Current Income Taxes Payable	2.48	2.56	3.09	1.06	1.95	2.36
Current Unearned Revenue	57.24	52.35	73.28	27.48	25.67	40.44
Other Current Liabilities	8	12.57	6.08	4.68	4.8	8.25
Total Current Liabilities	137.89	138.65	148.18	94.04	82.91	104.02
Long-Term Debt	88.35	82.36	81.94	86.39	93.17	107.1
Long-Term Leases	25.15	20.14	24.75	24.06	25.26	20.18
Long-Term Unearned Revenue	0.79	0.82	0.18	0.93	1.69	2.24
Long-Term Deferred Tax Liabilities	2.13	2.14	2.27	2.37	2.55	2.64
Other Long-Term Liabilities	23.04	12.13	5.4	10.66	5.05	5.46
Total Liabilities	277.34	256.24	262.72	218.45	210.63	241.63

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	50	50	50	50	50	50
Retained Earnings	-7.95	9.47	23	19.7	13.34	11.27
Treasury Stock	-2.87	-2.87	-2.87	-2.87	-2.87	-2.87
Comprehensive Income & Other	18.4	18.84	9.09	-11.37	-25.42	-39.75
Total Common Equity	57.58	75.44	79.22	55.45	35.05	18.65
Minority Interest	3.96	3.79	4.75	0.79	0.03	-0.34
Shareholders' Equity	61.54	79.23	83.98	56.24	35.08	18.32
Total Liabilities & Equity	338.88	335.47	346.69	274.69	245.71	259.95

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	122.66	109.16	112.88	116.92	123.46	131.69
Net Cash (Debt)	-85.47	-68.92	-2.87	-32.08	-65.72	-89.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.87	-0.70	-0.03	-0.33	-0.67	-0.91
Filing Date Shares Outstanding	97.78	97.78	97.78	97.78	97.78	97.78
Total Common Shares Outstanding	97.78	97.78	97.78	97.78	97.78	97.78
Working Capital	32.61	32.46	72.27	70.19	49.33	34.02
Book Value Per Share	0.59	0.77	0.81	0.57	0.36	0.19
Tangible Book Value	46.34	64.16	67.87	44.1	23.52	7.18
Tangible Book Value Per Share	0.47	0.66	0.69	0.45	0.24	0.07
Land	-	49.07	54.1	45.93	48.41	46.49
Machinery	-	74.13	78.53	71.63	71.71	70.79
Construction In Progress	-	55.89	16.23	7.92	7.22	11.49
Order Backlog	-	662	-	-	-	-