ETR:VH2 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	266.04	174.65	56.53	45.88	108.28
Short-Term Investments	7.58	-	-	-	-
Cash & Short-Term Investments	273.61	174.65	56.53	45.88	108.28
Cash Growth	56.67%	208.94%	23.23%	-57.63%	139.27%
Accounts Receivable	79.96	94.36	103.61	113.11	61.04
Other Receivables	2.98	6.44	4.92	5.5	5.87
Receivables	82.94	100.79	108.52	118.61	66.91
Inventory	13.55	7.05	7.25	10.27	6.15
Prepaid Expenses	1.62	1.43	0.3	0.26	0.28
Other Current Assets	1.29	0.97	0.97	2	1.85
Total Current Assets	373.01	284.88	173.58	177.01	183.46
Property, Plant & Equipment	155.83	123.62	96.22	89.37	80.07
Long-Term Investments	33.61	11.29	12.66	19.63	11.77
Goodwill	4.45	4.45	4.28	4.28	1.69
Other Intangible Assets	1	1.03	1.15	0.27	0.77
Long-Term Deferred Tax Assets	6.08	7.51	9.28	9.03	11.55
Other Long-Term Assets	1.96	4.78	14.12	7.86	0.54
Total Assets	575.94	437.56	311.28	308.08	290.46
Accounts Payable	5.85	4.37	3.7	10.89	6.82
Accrued Expenses	45.35	37.67	19.51	19.97	24.35
Short-Term Debt	-	-	0.2	-	-
Current Portion of Long-Term Debt	2.2	4.53	2.37	2.39	3.69
Current Portion of Leases	3.18	2.19	2.27	3.25	3.02
Current Income Taxes Payable	5.96	3.17	3.79	5.81	6.68
Current Unearned Revenue	84.08	80.75	25.54	7.3	10.82
Other Current Liabilities	55.76	39.33	36.35	40.55	23.23
Total Current Liabilities	202.39	172.01	93.73	90.15	78.61
Long-Term Debt	21.47	23.68	20.55	23.13	25.51
Long-Term Leases	1.15	2.19	1.36	2.65	5.98
Pension & Post-Retirement Benefits	1.78	2.12	1.99	1.99	2.73
Long-Term Deferred Tax Liabilities	47.28	24.03	15.51	20.17	19.31
Other Long-Term Liabilities	16.62	8.53	6.59	6.82	5.86
Total Liabilities	290.69	232.55	139.73	144.9	137.99
Common Stock	20	20	20	20	20
Retained Earnings	265.34	184.82	151.45	143.31	131.29
Comprehensive Income & Other	0.52	0.22	0.05	-0.51	0.13
Total Common Equity	285.86	205.04	171.5	162.81	151.41
Minority Interest	-0.61	-0.04	0.05	0.37	1.06
Shareholders' Equity	285.25	205.01	171.54	163.18	152.47
Total Liabilities & Equity	575.94	437.56	311.28	308.08	290.46
Total Debt	28.01	32.59	26.75	31.41	38.2
Net Cash (Debt)	245.61	142.06	29.78	14.47	70.08
Net Cash Growth	72.89%	376.97%	105.83%	-79.35%	297.33%
Net Cash Per Share	12.28	7.10	1.49	0.72	3.59
Filing Date Shares Outstanding	20	20	20	20	20
Total Common Shares Outstanding	20	20	20	20	20
Working Capital	170.62	112.87	79.85	86.86	104.85
Book Value Per Share	14.29	10.25	8.57	8.14	7.57
Tangible Book Value	280.41	199.56	166.07	158.26	148.95
Tangible Book Value Per Share	14.02	9.98	8.30	7.91	7.45
Land	64.53	57.74	41.72	37.96	-
Machinery	168.49	122.65	101.1	84.77	-
Order Backlog	-	-	1,001	315.09	312.78

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