ETR:VH2 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	472.52	532.08	349.3	113.06	91.75	216.56
Short-Term Investments	7.2	7.58	0	-	-	-
Cash & Short-Term Investments	479.72	539.65	349.3	113.06	91.75	216.56
Cash Growth	117.73%	54.50%	208.94%	23.23%	-57.63%	139.28%
Accounts Receivable	93.01	79.96	94.36	103.61	113.11	61.04
Inventory	16.36	13.55	7.05	7.25	10.27	6.15
Other Current Assets	6.69	5.89	8.83	6.19	7.76	8
Total Current Assets	359.51	373.01	284.88	173.58	177.01	183.46
Net Property, Plant & Equipment	166.5	157.78	128.4	110.34	97.23	80.61
Other Intangible Assets	1	1	1.03	1.15	0.27	0.77
Goodwill	4.45	4.45	4.45	4.28	4.28	1.69
Long-Term Investments	37.51	33.61	11.29	12.66	20.26	12.38
Other Long-Term Assets	7.45	6.08	7.51	9.28	9.03	11.55
Total Assets	576.42	575.94	437.56	311.28	308.08	290.46
Accounts Payable	11.74	5.85	4.37	3.7	10.89	6.82
Accrued Expenses	53.8	57.08	45.1	38.82	41.04	29.16
Current Portion of Long-Term Debt	2.21	2.2	4.53	2.37	2.39	3.69
Current Portion of Leases	2.63	3.18	2.19	2.27	3.25	3.02
Unearned Revenue	65.39	84.08	80.75	25.54	7.3	10.82
Other Current Liabilities	44.32	49.99	35.06	21.04	25.29	25.1
Total Current Liabilities	180.08	202.39	172.01	93.73	90.15	78.61
Long-Term Debt	20.92	21.47	23.68	20.55	23.13	25.51
Long-Term Leases	0.86	1.15	2.19	1.36	2.65	5.98
Other Long-Term Liabilities	74.04	65.67	34.68	24.09	28.98	27.9
Total Long-Term Liabilities	95.82	88.29	60.54	46	54.75	59.38
Total Liabilities	275.9	290.69	232.55	139.73	144.9	137.99
Common Stock	20	20	20	20	20	20
Additional Paid-in Capital	76.2	76.2	76.2	76.2	76.2	76.2
Retained Earnings	205.36	189.65	108.84	75.29	66.6	55.21
Total Common Shareholders' Equity	301.56	285.86	205.04	171.5	162.81	151.41
Minority Interest	-1.05	-0.61	-0.04	0.05	0.37	1.06
Shareholders' Equity	300.52	285.25	205.01	171.54	163.18	152.47
Total Liabilities & Equity	576.42	575.94	437.56	311.28	308.08	290.46
Total Debt	26.62	28.01	32.59	26.55	31.41	38.2
Net Cash (Debt)	453.1	511.64	316.71	86.51	60.35	178.36
Net Cash Growth	139.63%	61.55%	266.08%	43.36%	-66.17%	183.60%
Net Cash Per Share	22.66	25.58	15.84	4.33	3.02	9.13
Book Value	301.56	285.86	205.04	171.5	162.81	151.41
Book Value Per Share	15.08	14.29	10.25	8.57	8.14	7.75
Tangible Book Value	296.11	280.41	199.56	166.07	158.26	148.95
Tangible Book Value Per Share	14.81	14.02	9.98	8.30	7.91	7.62