Azelis Group NV 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	263.01	303.95	484.87	268.16	141.29
Cash & Short-Term Investments	263.01	303.95	484.87	268.16	141.29
Cash Growth	-13.47%	-37.31%	80.81%	89.79%	-13.45%
Accounts Receivable	439.76	496.38	444.86	443.29	375.59
Other Receivables	95.57	104.03	100.91	105.06	57.79
Receivables	535.33	600.41	545.77	548.34	433.38
Inventory	588.19	677.95	562.79	627.74	467.47
Other Current Assets	0.01	0.6	0.06	0.28	1.52
Total Current Assets	1,387	1,583	1,593	1,445	1,044
Property, Plant & Equipment	231.78	227.61	196.63	154.87	118.59
Long-Term Investments	0.24	0.25	0.29	0.24	0.18
Goodwill	2,472	2,537	2,409	2,174	1,803
Other Intangible Assets	1,268	1,384	1,345	1,167	1,001
Long-Term Deferred Tax Assets	25.67	22.1	15.69	20.61	10.48
Long-Term Deferred Charges	18.43	7.59	3.72	3.83	3.54
Other Long-Term Assets	4.23	1.39	7.75	11.76	1.36
Total Assets	5,407	5,763	5,572	4,977	3,982
Accounts Payable	438.42	486.8	434.09	462.73	368.66
Accrued Expenses	64.52	81.39	84.44	99.31	77.85
Short-Term Debt	14.24	19.15	18.29	30.41	40.52
Current Portion of Long-Term Debt	94.61	47.18	80.56	125.32	62.6
Current Portion of Leases	28.36	29.28	26.27	20.39	15.2
Current Income Taxes Payable	14.73	20.22	11.5	23.99	17.05
Other Current Liabilities	54.91	134.86	284.61	213.19	96.55
Total Current Liabilities	709.79	818.87	939.75	975.35	678.43
Long-Term Debt	1,602	1,614	1,551	1,178	840.03
Long-Term Leases	134.11	134.48	100.35	81.17	54.08
Pension & Post-Retirement Benefits	13.03	13.88	13.64	8.53	8.82
Long-Term Deferred Tax Liabilities	220.84	225.9	218.31	190.76	135.32
Other Long-Term Liabilities	10.7	35.68	72.97	102.86	13.78
Total Liabilities	2,691	2,843	2,896	2,537	1,730
Common Stock	5,880	5,880	5,880	5,680	5,680
Retained Earnings	1,214	1,148	962.29	798.75	564.57
Comprehensive Income & Other	-4,399	-4,152	-4,252	-4,094	-4,017
Total Common Equity	2,695	2,876	2,590	2,385	2,228
Minority Interest	21.15	44.01	86.58	55.15	23.79
Shareholders' Equity	2,716	2,920	2,677	2,440	2,251
Total Liabilities & Equity	5,407	5,763	5,572	4,977	3,982
Total Debt	1,874	1,844	1,776	1,436	1,012
Net Cash (Debt)	-1,611	-1,540	-1,291	-1,168	-871.14
Net Cash Per Share	-6.61	-6.32	-5.38	-4.99	-3.73
Filing Date Shares Outstanding	243.49	243.5	243.92	233.85	233.85
Total Common Shares Outstanding	243.49	243.5	243.92	233.85	233.85
Working Capital	676.75	764.03	653.74	469.17	365.24
Book Value Per Share	11.07	11.81	10.62	10.20	9.53
Tangible Book Value	-1,045	-1,045	-1,165	-956.38	-576.43
Tangible Book Value Per Share	-4.29	-4.29	-4.77	-4.09	-2.46
Land	38.78	27.28	30.92	32.49	31.57
Machinery	25.86	20.75	19.9	15.19	12.3

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