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	51.56	44.29	29.02	15.64	14.08
Cash & Short-Term Investments	51.56	44.29	29.02	15.64	14.08
Cash Growth	16.40%	52.65%	85.48%	11.11%	95.70%
Accounts Receivable	2.87	1.12	2.86	7.47	6.41
Receivables	2.87	1.12	2.86	7.47	6.41
Inventory	0.52	0.4	0.31	0.61	0.68
Other Current Assets	1.06	3.66	4.7	1.36	0.31
Total Current Assets	56	49.47	36.88	25.08	21.48
Property, Plant & Equipment	0.02	0.03	0.05	0.14	0.12
Goodwill	-	-	-	0.11	0.12
Other Intangible Assets	3.22	1.77	3.74	3.42	2.8
Other Long-Term Assets	0.47	21.05	1.7	22.86	13.03
Total Assets	59.7	72.32	42.37	51.61	37.56
Accounts Payable	0.67	0.71	0.84	1.96	0.91
Accrued Expenses	0.03	0.18	0.07	0.17	0.25
Current Portion of Long-Term Debt	50.67	56.74	36.28	28.59	11.58
Current Income Taxes Payable	-	-	-	0	0.02
Current Unearned Revenue	0.33	11.4	0.44	14.97	11.57
Other Current Liabilities	0.6	0.68	0.61	1.52	1.02
Total Current Liabilities	52.29	69.7	38.23	47.21	25.35
Long-Term Debt	0.01	3.06	0.03	0.67	1.33
Long-Term Unearned Revenue	0.01	0.01	1	1	-
Other Long-Term Liabilities	0.36	0.31	0.51	1.17	1.86
Total Liabilities	52.66	73.08	39.77	50.05	28.55
Common Stock	34.15	25.59	25.57	20.89	20.46
Additional Paid-In Capital	18.76	18.6	18.6	18.81	18.69
Retained Earnings	-45.87	-44.96	-41.56	-37.95	-30.07
Total Common Equity	7.04	-0.76	2.6	1.75	9.08
Minority Interest	-	-	-	-0.19	-0.07
Shareholders' Equity	7.04	-0.76	2.6	1.56	9.01
Total Liabilities & Equity	59.7	72.32	42.37	51.61	37.56
Total Debt	50.67	59.8	36.31	29.25	12.91
Net Cash (Debt)	0.89	-15.5	-7.29	-13.61	1.17
Net Cash Per Share	0.03	-0.61	-0.29	-0.65	0.06
Filing Date Shares Outstanding	34.15	25.57	25.57	20.89	20.46
Total Common Shares Outstanding	34.15	25.57	25.57	20.89	20.46
Working Capital	3.71	-20.23	-1.35	-22.13	-3.87
Book Value Per Share	0.21	-0.03	0.10	0.08	0.44
Tangible Book Value	3.83	-2.53	-1.14	-1.78	6.16
Tangible Book Value Per Share	0.11	-0.10	-0.04	-0.09	0.30
Machinery	0.12	0.14	0.22	0.52	0.45

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