PAL Next 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	5,156	44.29	29.02	15.64	14.08
Cash & Short-Term Investments	5,156	44.29	29.02	15.64	14.08
Cash Growth	11539.90%	52.65%	85.48%	11.11%	95.70%
Accounts Receivable	286.62	1.12	2.86	7.47	6.41
Receivables	286.62	1.12	2.86	7.47	6.41
Inventory	51.74	0.4	0.31	0.61	0.68
Other Current Assets	105.88	3.66	4.7	1.36	0.31
Total Current Assets	5,600	49.47	36.88	25.08	21.48
Property, Plant & Equipment	1.67	0.03	0.05	0.14	0.12
Goodwill	-	-	-	0.11	0.12
Other Intangible Assets	321.81	1.77	3.74	3.42	2.8
Other Long-Term Assets	46.82	21.05	1.7	22.86	13.03
Total Assets	5,970	72.32	42.37	51.61	37.56
Accounts Payable	67.21	0.71	0.84	1.96	0.91
Accrued Expenses	-	0.18	0.07	0.17	0.25
Current Portion of Long-Term Debt	-	56.74	36.28	28.59	11.58
Current Income Taxes Payable	-	-	-	0	0.02
Current Unearned Revenue	-	11.4	0.44	14.97	11.57
Other Current Liabilities	-	0.68	0.61	1.52	1.02
Total Current Liabilities	67.21	69.7	38.23	47.21	25.35
Long-Term Debt	5,067	3.06	0.03	0.67	1.33
Long-Term Unearned Revenue	33.43	0.01	1	1	-
Other Long-Term Liabilities	98.22	0.31	0.51	1.17	1.86
Total Liabilities	5,266	73.08	39.77	50.05	28.55
Common Stock	3,415	25.59	25.57	20.89	20.46
Additional Paid-In Capital	1,876	18.6	18.6	18.81	18.69
Retained Earnings	-4,587	-44.96	-41.56	-37.95	-30.07
Total Common Equity	704.45	-0.76	2.6	1.75	9.08
Minority Interest	-	-	-	-0.19	-0.07
Shareholders' Equity	704.45	-0.76	2.6	1.56	9.01
Total Liabilities & Equity	5,970	72.32	42.37	51.61	37.56
Total Debt	5,067	59.8	36.31	29.25	12.91
Net Cash (Debt)	88.76	-15.5	-7.29	-13.61	1.17
Net Cash Per Share	-	-0.61	-0.29	-0.65	0.06
Filing Date Shares Outstanding	-	25.57	25.57	20.89	20.46
Total Common Shares Outstanding	-	25.57	25.57	20.89	20.46
Working Capital	5,533	-20.23	-1.35	-22.13	-3.87
Book Value Per Share	-	-0.03	0.10	0.08	0.44
Tangible Book Value	382.64	-2.53	-1.14	-1.78	6.16
Tangible Book Value Per Share	-	-0.10	-0.04	-0.09	0.30
Machinery	-	0.14	0.22	0.52	0.45

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