Valbiotis Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	8.68	11.58	25.02	20.83	21.82
Cash & Short-Term Investments	8.68	11.58	25.02	20.83	21.82
Cash Growth	-25.08%	-53.71%	20.11%	-4.54%	49.60%
Accounts Receivable	0.08	0.1	0.29	0.24	0.08
Other Receivables	0.54	2.86	3.95	2.54	2.73
Receivables	0.62	2.96	4.24	2.78	2.81
Inventory	2.47	2.09	1.01	0.53	0.42
Prepaid Expenses	0.16	0.25	0.38	-	-
Other Current Assets	-0	-	-	0.16	0.15
Total Current Assets	11.92	16.87	30.65	24.3	25.19
Property, Plant & Equipment	1.18	1.47	1.41	1.82	2.22
Long-Term Investments	0.09	0.16	0.17	0.15	-
Other Intangible Assets	1.2	1.11	1.08	0.94	0.96
Long-Term Deferred Tax Assets	-	-	0	0	-
Other Long-Term Assets	-	-	-	0	0.17
Total Assets	14.39	19.61	33.31	27.22	28.54
Accounts Payable	0.75	1.5	1.87	1.57	1.46
Accrued Expenses	1.46	1.87	1.29	1.09	0.73
Current Portion of Long-Term Debt	1.73	1.63	1.61	1.14	1.03
Current Portion of Leases	0.25	0.55	0.5	0.45	0.43
Current Unearned Revenue	-	0	3.51	3.86	4.29
Other Current Liabilities	-	-	0	-	-
Total Current Liabilities	4.18	5.55	8.77	8.11	7.94
Long-Term Debt	2.21	2.52	3.9	4.35	4.6
Long-Term Leases	0.91	1.02	0.88	1.23	1.53
Pension & Post-Retirement Benefits	0.13	0.15	0.16	0.14	0.14
Other Long-Term Liabilities	-	-	-	0.02	0.04
Total Liabilities	7.43	9.24	13.71	13.86	14.25
Common Stock	2.37	1.58	1.58	1.24	0.97
Additional Paid-In Capital	6.16	1.25	18.23	37.1	32.33
Retained Earnings	-9.42	-10.03	-7.37	-12.31	-8.68
Comprehensive Income & Other	7.85	17.56	7.16	-12.67	-10.33
Shareholders' Equity	6.96	10.37	19.6	13.36	14.3
Total Liabilities & Equity	14.39	19.61	33.31	27.22	28.54
Total Debt	5.09	5.72	6.88	7.18	7.59
Net Cash (Debt)	3.59	5.86	18.14	13.65	14.23
Net Cash Growth	-38.82%	-67.69%	32.88%	-4.05%	87.89%
Net Cash Per Share	0.18	0.37	1.46	1.35	1.55
Filing Date Shares Outstanding	23.66	15.77	15.77	12.41	9.72
Total Common Shares Outstanding	23.66	15.77	15.77	12.41	9.72
Working Capital	7.73	11.33	21.88	16.19	17.26
Book Value Per Share	0.29	0.66	1.24	1.08	1.47
Tangible Book Value	5.76	9.26	18.52	12.41	13.34
Tangible Book Value Per Share	0.24	0.59	1.17	1.00	1.37
Machinery	-	-	0.79	0.78	0.79

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