SMA Solar Technology AG 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	116.51	190.79	195.83	260.77	203.65	219.84
Short-Term Investments	12.58	10.61	13.13	6.22	2.96	17.64
Cash & Short-Term Investments	129.09	201.4	208.96	266.99	206.61	237.48
Cash Growth	-56.15%	-3.62%	-21.74%	29.23%	-13.00%	-0.34%
Accounts Receivable	241.81	183.83	216.91	277.4	153.53	142.67
Other Receivables	22.52	25.32	24.67	47.86	29.64	37.3
Receivables	264.33	209.15	241.58	325.26	183.17	179.97
Inventory	360.21	356.86	563.57	559.07	308.67	273.02
Other Current Assets	54.4	46.63	48.36	42.37	24.93	28.85
Total Current Assets	808.03	814.04	1,062	1,194	723.38	719.33
Property, Plant & Equipment	263.41	267.52	233.29	190.47	175.62	187.77
Long-Term Investments	13.57	11.65	10.33	1.56	6.17	2.66
Goodwill	-	0.31	0.31	0.48	0.48	0.48
Other Intangible Assets	93.29	95.59	120.27	116.8	88.45	62.22
Long-Term Deferred Tax Assets	105	113.19	78.65	78.51	85.43	60.28
Other Long-Term Assets	3.62	3.67	35.92	40.41	30.5	20.93
Total Assets	1,287	1,306	1,541	1,622	1,110	1,054
Accounts Payable	198.86	159.07	147.07	303.8	133.45	134.03
Accrued Expenses	-	55.1	57.09	53.92	37.37	17.99
Current Portion of Long-Term Debt	12.73	42.42	144.16	0.31	-	2.25
Current Portion of Leases	-	14.6	11.01	8.51	7.31	8.32
Current Income Taxes Payable	12.3	10.47	17.12	15.69	4.16	6.63
Current Unearned Revenue	209.82	225.77	220.36	198.22	132.38	67.54
Other Current Liabilities	166.64	112.06	102.59	71.9	67.57	115.42
Total Current Liabilities	600.35	619.49	699.39	652.35	382.24	352.16
Long-Term Debt	81.41	9.79	7.79	6.14	0.02	6.11
Long-Term Leases	-	73.22	33.27	16.9	16.34	22.37
Long-Term Unearned Revenue	129.02	129.88	138.11	150.54	152.93	158.65
Long-Term Deferred Tax Liabilities	5.1	3.75	3.52	1.85	0.44	0.36
Other Long-Term Liabilities	105.14	104.31	105.84	107.95	94.54	105.98
Total Liabilities	921.01	940.44	987.91	935.73	646.5	645.64
Common Stock	34.7	34.7	34.7	34.7	34.7	34.7
Additional Paid-In Capital	119.2	119.2	119.2	119.2	119.2	119.2
Retained Earnings	212.76	214.38	395.51	530.59	305.79	249.97
Comprehensive Income & Other	-0.75	-2.74	3.91	1.69	3.84	4.15
Total Common Equity	365.91	365.54	553.32	686.18	463.52	408.02
Shareholders' Equity	365.91	365.54	553.32	686.18	463.52	408.02
Total Liabilities & Equity	1,287	1,306	1,541	1,622	1,110	1,054
Total Debt	94.13	140.03	196.23	31.85	23.66	39.05
Net Cash (Debt)	34.95	61.38	12.73	235.14	182.94	198.43
Net Cash Growth	-52.20%	382.23%	-94.59%	28.53%	-7.80%	0.34%
Net Cash Per Share	1.01	1.77	0.37	6.78	5.27	5.72
Filing Date Shares Outstanding	34.7	34.7	34.7	34.7	34.7	34.7
Total Common Shares Outstanding	34.7	34.7	34.7	34.7	34.7	34.7
Working Capital	207.69	194.55	363.07	541.34	341.14	367.16
Book Value Per Share	10.55	10.53	15.95	19.77	13.36	11.76
Tangible Book Value	272.62	269.64	432.74	568.91	374.59	345.32
Tangible Book Value Per Share	7.86	7.77	12.47	16.39	10.80	9.95
Land	-	-	239.21	234.42	223.98	219.28
Machinery	-	-	297.03	279.28	261.68	254.69
Order Backlog	-	1,352	1,356	1,705	2,077	886.6