Heliad AG 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	2.06	6.66	10.42	2.69	8.3
Short-Term Investments	-	-	-	0.07	0.17
Cash & Short-Term Investments	2.06	6.66	10.42	2.76	8.47
Cash Growth	-69.12%	-36.12%	277.80%	-67.41%	35.80%
Accounts Receivable	-	0.01	-	0	0.01
Other Receivables	0.34	0.44	0.26	1.25	1.54
Receivables	0.34	0.45	0.26	1.25	1.55
Other Current Assets	1.26	4	1.57	1.03	0.22
Total Current Assets	3.66	11.1	12.26	5.04	10.23
Property, Plant & Equipment	0.16	0.2	0.23	0.23	0.05
Long-Term Investments	90.01	83.74	77.65	48.07	47.5
Other Intangible Assets	0.04	0.02	0.02	0.01	0.01
Other Long-Term Assets	0.04	0.04	0.04	0.01	0.02
Total Assets	96.65	97.64	91.27	60.85	59.28
Accounts Payable	0.05	0.05	0.2	0.14	0.05
Accrued Expenses	0.05	0.11	0.24	0.03	0.06
Short-Term Debt	22.22	18.41	14.94	-	-
Current Portion of Leases	-	-	-	-	0.04
Current Income Taxes Payable	-	0.36	0.47	0.5	0.4
Other Current Liabilities	0.75	0.97	0.75	0.7	0.64
Total Current Liabilities	23.07	19.9	16.59	1.37	1.19
Long-Term Unearned Revenue	0.03	0.04	-	-	-
Other Long-Term Liabilities	1.71	1.11	0.83	0.61	1.25
Total Liabilities	24.81	21.05	17.43	1.98	2.45
Common Stock	8.41	8.41	8.41	5.45	5.45
Retained Earnings	-11.82	-7.06	-9.81	5.8	3.76
Comprehensive Income & Other	75.25	75.25	75.25	47.62	47.62
Shareholders' Equity	71.84	76.6	73.85	58.87	56.84
Total Liabilities & Equity	96.65	97.64	91.27	60.85	59.28
Total Debt	22.22	18.41	14.94	-	0.04
Net Cash (Debt)	-20.16	-11.76	-4.51	2.76	8.43
Net Cash Growth	-	-	-	-67.26%	36.89%
Net Cash Per Share	-2.40	-1.40	-0.54	0.51	1.55
Filing Date Shares Outstanding	8.41	8.41	8.41	5.45	5.45
Total Common Shares Outstanding	8.41	8.41	8.41	5.45	5.45
Working Capital	-19.41	-8.8	-4.34	3.67	9.04
Book Value Per Share	8.54	9.11	8.78	10.80	10.43
Tangible Book Value	71.8	76.57	73.82	58.86	56.82
Tangible Book Value Per Share	8.54	9.10	8.78	10.80	10.42
Machinery	0.26	0.25	0.27	0.26	0.41
Leasehold Improvements	0.05	0.05	0.05	-	-

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