Befesa 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	144.67	142.6	102.52	106.69	161.75	224.09
Cash & Short-Term Investments	144.67	142.6	102.52	106.69	161.75	224.09
Cash Growth	37.82%	39.10%	-3.91%	-34.04%	-27.82%	44.99%
Accounts Receivable	99.21	81.46	102.78	76.23	108.63	114.15
Other Receivables	27.55	20.18	21.92	40.07	39.78	23.31
Receivables	126.76	101.65	124.7	116.3	148.41	137.46
Inventory	103.16	97.15	100.33	101.09	102.54	67.48
Other Current Assets	0.5	3.76	3.67	17.49	8.02	8.74
Total Current Assets	375.09	345.17	331.23	341.56	420.73	437.77
Property, Plant & Equipment	734.72	721.19	774.15	734.61	713.7	539.41
Long-Term Investments	-	5.83	11.26	20.85	31.17	10.08
Goodwill	620.15	615.14	645.14	629.64	587.85	573.15
Other Intangible Assets	106.38	99.04	101.82	101.39	100.8	99.68
Long-Term Deferred Tax Assets	79.94	76.08	102.18	96.71	103.65	125.46
Long-Term Deferred Charges	-	7.33	7.68	6.64	5.31	4.74
Other Long-Term Assets	12.23	3	3.67	13.55	12.84	1.2
Total Assets	1,929	1,874	1,978	1,946	1,977	1,796
Accounts Payable	156.96	145.6	166.15	167.18	197.14	148.85
Accrued Expenses	33.82	30.1	29.54	27.74	30.98	30.05
Current Portion of Long-Term Debt	21.34	20.79	25.42	28.8	23.04	17.79
Current Portion of Leases	10.2	11.27	11.49	9.28	10.3	7.61
Current Income Taxes Payable	-	12.47	11.97	4.64	5.27	8.33
Current Unearned Revenue	-	3.8	3.5	3.9	3.3	4
Other Current Liabilities	75	38.42	52.19	15.49	63.03	103.16
Total Current Liabilities	297.32	262.45	300.26	257.03	333.07	319.8
Long-Term Debt	642.2	640.96	664.09	655.61	663.45	653.57
Long-Term Leases	20.96	21.77	20.48	17.08	13.99	15.76
Long-Term Deferred Tax Liabilities	98.17	100.67	110.3	113.85	107.63	91.95
Other Long-Term Liabilities	34.85	29.77	37.19	24.76	39.22	83.59
Total Liabilities	1,094	1,056	1,132	1,068	1,157	1,165
Common Stock	111.05	111.05	111.05	111.05	111.05	111.05
Additional Paid-In Capital	532.87	532.87	532.87	532.87	532.87	532.87
Retained Earnings	260.77	239.42	183.07	154.46	143.56	79.83
Comprehensive Income & Other	-87.42	-80.78	3.23	25.15	17.62	-100.91
Total Common Equity	817.27	802.56	830.22	823.53	805.1	622.84
Minority Interest	17.75	15.74	15.52	53.83	14.15	8.71
Shareholders' Equity	835.02	818.3	845.74	877.36	819.25	631.55
Total Liabilities & Equity	1,929	1,874	1,978	1,946	1,977	1,796
Total Debt	694.7	694.78	721.48	710.77	710.77	694.73
Net Cash (Debt)	-550.03	-552.18	-618.96	-604.08	-549.02	-470.64
Net Cash Per Share	-13.73	-13.80	-15.47	-15.10	-13.73	-12.62
Filing Date Shares Outstanding	39.82	40	40	40	40	40
Total Common Shares Outstanding	39.82	40	40	40	40	40
Working Capital	77.77	82.71	30.96	84.53	87.66	117.97
Book Value Per Share	20.53	20.06	20.76	20.59	20.13	15.57
Tangible Book Value	90.73	88.39	83.26	92.49	116.45	-50
Tangible Book Value Per Share	2.28	2.21	2.08	2.31	2.91	-1.25
Land	-	42.85	44.27	44.55	45.07	43.41
Buildings	-	222.37	222.74	212.89	175.46	162.47
Machinery	-	922.05	926.18	900.5	757.02	598.72
Construction In Progress	-	58.43	71.33	47.16	147.98	72.54

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