Vetoquinol 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	221.08	206.33	147.46	93.71	69
Cash & Short-Term Investments	221.08	206.33	147.46	93.71	69
Cash Growth	7.15%	39.92%	57.37%	35.81%	-46.70%
Accounts Receivable	89.42	86.79	89.32	74.62	77.53
Other Receivables	18.31	8.61	15.89	16.2	9.12
Receivables	108.14	95.69	105.67	91.27	87.25
Inventory	122.01	112.29	103.54	116.09	111.59
Prepaid Expenses	6.75	6.87	6.72	7.54	5.84
Other Current Assets	0.01	0.01	-	-	-
Total Current Assets	457.98	421.18	363.39	308.61	273.69
Property, Plant & Equipment	94.58	92.6	89.7	84.65	72.99
Long-Term Investments	1.45	1.52	1.49	1.44	2.07
Goodwill	70.93	76.41	75.04	76.17	83.46
Other Intangible Assets	129.67	142.09	154	168.71	178.52
Long-Term Deferred Tax Assets	9.02	10.33	8.62	10.63	12.38
Other Long-Term Assets	0	-	-	1.63	1.46
Total Assets	763.63	744.13	692.23	651.85	624.56
Accounts Payable	39.05	39.42	42	39.04	46.94
Accrued Expenses	42.22	41.51	37.98	37.56	43.97
Short-Term Debt	0.12	3.9	1.26	0.12	0.89
Current Portion of Long-Term Debt	1.52	0.5	1.73	3.18	3.03
Current Portion of Leases	5.29	5.52	4.98	4.56	4.39
Current Income Taxes Payable	5.5	2.75	4.94	5.58	7.28
Current Unearned Revenue	0	0	0	0.01	0.01
Other Current Liabilities	54.96	47.94	46.51	50.63	50.52
Total Current Liabilities	148.67	141.53	139.39	140.68	157.03
Long-Term Debt	0.16	0.18	0.17	0.18	0.19
Long-Term Leases	8.2	11.04	9.49	9.38	6.88
Pension & Post-Retirement Benefits	8.05	7.99	7.62	7.31	8.95
Long-Term Deferred Tax Liabilities	5.2	6.04	7.17	8.02	8.32
Other Long-Term Liabilities	1.9	1.43	1.28	1.62	1.85
Total Liabilities	172.19	168.2	165.12	167.19	183.21
Common Stock	29.71	29.71	29.71	29.71	29.71
Additional Paid-In Capital	41.13	41.13	41.13	41.13	41.13
Retained Earnings	57.36	58.69	55.56	48	62.86
Comprehensive Income & Other	463.18	446.32	400.62	365.75	307.57
Total Common Equity	591.37	575.84	527.01	484.57	441.26
Minority Interest	0.07	0.09	0.1	0.09	0.09
Shareholders' Equity	591.44	575.93	527.11	484.66	441.35
Total Liabilities & Equity	763.63	744.13	692.23	651.85	624.56
Total Debt	15.29	21.12	17.63	17.42	15.38
Net Cash (Debt)	205.78	185.21	129.84	76.29	53.62
Net Cash Growth	11.11%	42.65%	70.19%	42.28%	1069.38%
Net Cash Per Share	17.71	15.70	10.97	6.45	4.53
Filing Date Shares Outstanding	11.62	11.8	11.83	11.83	11.83
Total Common Shares Outstanding	11.62	11.8	11.83	11.83	11.83
Working Capital	309.31	279.65	224	167.93	116.66
Book Value Per Share	50.88	48.82	44.54	40.96	37.30
Tangible Book Value	390.78	357.34	297.98	239.69	179.28
Tangible Book Value Per Share	33.62	30.29	25.18	20.26	15.16
Land	3.84	3.84	4.65	3.43	3.13
Buildings	101.21	96.11	92.39	86.63	87.12
Machinery	94.84	84.5	79.74	72.5	75.46
Construction In Progress	9.82	13.98	13.8	15.02	9.41