ELI:VAF 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	12.86	9.7	11.81	16.8	27.75	24.06
Cash & Short-Term Investments	12.86	9.7	11.81	16.8	27.75	24.06
Cash Growth	-6.44%	-17.83%	-29.72%	-39.44%	15.32%	37.48%
Accounts Receivable	15.88	15.71	14.5	13.73	11.78	11.72
Other Receivables	16.55	10.25	8.56	2.32	2.84	3.06
Receivables	32.43	25.95	23.05	16.05	14.63	14.78
Inventory	54.02	52.54	53.57	51.46	43.08	40.08
Other Current Assets	3.82	2.78	3.5	3.08	2.46	1.8
Total Current Assets	103.14	90.98	91.94	87.39	87.91	80.72
Property, Plant & Equipment	152.21	154.7	153.08	142.94	136.67	138.27
Long-Term Investments	0.97	0.97	1.05	1.1	1.18	0.68
Goodwill	4.71	4.71	4.71	4.71	4.71	4.71
Other Intangible Assets	1.3	0.78	0.91	1.19	1.98	2.59
Long-Term Deferred Tax Assets	5.09	5.1	5.41	4.87	4.98	4.31
Other Long-Term Assets	0.94	0.94	0.94	0.94	0.94	0.94
Total Assets	268.36	258.18	258.04	243.14	238.38	232.22
Accounts Payable	16.67	16.54	18.07	19.3	25.2	22.43
Accrued Expenses	15.75	14.31	13.87	14.24	12.78	11.77
Short-Term Debt	-	-	-	-	7.02	8.15
Current Portion of Long-Term Debt	12.09	6.96	10.21	58.72	9.11	9.78
Current Portion of Leases	2.98	3.07	2.82	2.38	2.73	2.24
Current Income Taxes Payable	0.57	0	0.1	0.3	-	0.26
Current Unearned Revenue	1.54	1.54	1.25	1.29	-	-
Other Current Liabilities	20.24	19.25	21.03	17.63	5.22	4.47
Total Current Liabilities	69.83	61.67	67.35	113.85	62.05	59.1
Long-Term Debt	68.66	69.65	67.63	16.04	73.77	78.98
Long-Term Leases	5.87	6.38	8.18	5.05	4.48	5.95
Long-Term Unearned Revenue	17.68	15.76	14.54	13.71	10.94	9.58
Pension & Post-Retirement Benefits	3.03	3.1	3.02	2.81	2.46	1.07
Long-Term Deferred Tax Liabilities	6.83	6.83	7.9	8.87	8.9	8.78
Other Long-Term Liabilities	0.09	0.09	0.09	0.09	0.21	0.21
Total Liabilities	171.99	163.49	168.71	160.42	162.8	163.66
Common Stock	134.12	134.12	134.12	134.12	134.12	134.12
Additional Paid-In Capital	38.18	38.18	38.18	63.3	63.3	63.3
Retained Earnings	-129.26	-130.8	-134.98	-165.64	-173.28	-180.02
Treasury Stock	-0	-0	-0	-0	-0	-0
Comprehensive Income & Other	51.42	51.42	50.86	49.29	50.05	50.05
Total Common Equity	94.46	92.92	88.18	81.06	74.19	67.45
Minority Interest	1.91	1.76	1.15	1.66	1.39	1.11
Shareholders' Equity	96.37	94.69	89.33	82.72	75.58	68.56
Total Liabilities & Equity	268.36	258.18	258.04	243.14	238.38	232.22
Total Debt	89.6	86.07	88.83	82.19	97.1	105.09
Net Cash (Debt)	-76.74	-76.36	-77.02	-65.39	-69.36	-81.03
Net Cash Per Share	-0.46	-0.46	-0.46	-0.39	-0.41	-0.48
Filing Date Shares Outstanding	167.65	167.65	167.65	167.65	167.65	167.65
Total Common Shares Outstanding	167.65	167.65	167.65	167.65	167.65	167.65
Working Capital	33.31	29.3	24.59	-26.46	25.86	21.62
Book Value Per Share	0.56	0.55	0.53	0.48	0.44	0.40
Tangible Book Value	88.45	87.43	82.56	75.16	67.49	60.15
Tangible Book Value Per Share	0.53	0.52	0.49	0.45	0.40	0.36