Befesa 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	-	102.52	106.69	161.75	224.09
Cash & Short-Term Investments	89.63	102.52	106.69	161.75	224.09
Cash Growth	-12.57%	-3.91%	-34.04%	-27.82%	44.99%
Accounts Receivable	-	102.78	76.23	108.63	114.15
Other Receivables	-	21.92	40.07	39.78	23.31
Receivables	-	124.7	116.3	148.41	137.46
Inventory	-	100.33	101.09	102.54	67.48
Other Current Assets	-	3.67	17.49	8.02	8.74
Total Current Assets	-	331.23	341.56	420.73	437.77
Property, Plant & Equipment	-	774.15	734.61	713.7	539.41
Long-Term Investments	-	11.26	20.85	31.17	10.08
Goodwill	-	645.14	629.64	587.85	573.15
Other Intangible Assets	-	101.82	101.39	100.8	99.68
Long-Term Deferred Tax Assets	-	102.18	96.71	103.65	125.46
Long-Term Deferred Charges	-	7.68	6.64	5.31	4.74
Other Long-Term Assets	-	3.67	13.55	12.84	1.2
Total Assets	-	1,978	1,946	1,977	1,796
Accounts Payable	-	166.15	167.18	197.14	148.85
Accrued Expenses	-	29.54	27.74	30.98	30.05
Current Portion of Long-Term Debt	-	25.42	28.8	23.04	17.79
Current Portion of Leases	-	11.49	9.28	10.3	7.61
Current Income Taxes Payable	-	11.97	4.64	5.27	8.33
Current Unearned Revenue	-	3.5	3.9	3.3	4
Other Current Liabilities	-	52.19	15.49	63.03	103.16
Total Current Liabilities	-	300.26	257.03	333.07	319.8
Long-Term Debt	-	664.09	655.61	663.45	653.57
Long-Term Leases	-	20.48	17.08	13.99	15.76
Long-Term Deferred Tax Liabilities	-	110.3	113.85	107.63	91.95
Other Long-Term Liabilities	-	37.19	24.76	39.22	83.59
Total Liabilities	-	1,132	1,068	1,157	1,165
Common Stock	-	111.05	111.05	111.05	111.05
Additional Paid-In Capital	-	532.87	532.87	532.87	532.87
Retained Earnings	-	183.07	154.46	143.56	79.83
Comprehensive Income & Other	-	3.23	25.15	17.62	-100.91
Total Common Equity	813.57	830.22	823.53	805.1	622.84
Minority Interest	-	15.52	53.83	14.15	8.71
Shareholders' Equity	830.11	845.74	877.36	819.25	631.55
Total Liabilities & Equity	-	1,978	1,946	1,977	1,796
Total Debt	699.64	721.48	710.77	710.77	694.73
Net Cash (Debt)	-610.01	-618.96	-604.08	-549.02	-470.64
Net Cash Per Share	-15.23	-15.47	-15.10	-13.73	-12.62
Filing Date Shares Outstanding	40.41	40	40	40	40
Total Common Shares Outstanding	40.41	40	40	40	40
Working Capital	-	30.96	84.53	87.66	117.97
Book Value Per Share	20.45	20.76	20.59	20.13	15.57
Tangible Book Value	92.28	83.26	92.49	116.45	-50
Tangible Book Value Per Share	2.32	2.08	2.31	2.91	-1.25
Land	-	44.27	44.55	45.07	43.41
Buildings	-	222.74	212.89	175.46	162.47
Machinery	-	926.18	900.5	757.02	598.72
Construction In Progress	-	71.33	47.16	147.98	72.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.