Azelis Group NV Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	452.29	303.95	484.87	268.16	141.29	163.26
Cash & Short-Term Investments	452.29	303.95	484.87	268.16	141.29	163.26
Cash Growth	17.63%	-37.31%	80.81%	89.79%	-13.45%	56.95%
Accounts Receivable	534.01	496.38	444.86	443.29	375.59	218.72
Other Receivables	93.39	104.03	100.91	105.06	57.79	41.92
Receivables	627.4	600.41	545.77	548.34	433.38	260.64
Inventory	643.72	677.95	562.79	627.74	467.47	267.78
Other Current Assets	0.01	0.6	0.06	0.28	1.52	0.24
Total Current Assets	1,723	1,583	1,593	1,445	1,044	691.92
Property, Plant & Equipment	210.82	227.61	196.63	154.87	118.59	87.96
Long-Term Investments	0.25	0.25	0.29	0.24	0.18	0.22
Goodwill	2,389	2,537	2,409	2,174	1,803	1,346
Other Intangible Assets	1,315	1,384	1,345	1,167	1,001	815.38
Long-Term Deferred Tax Assets	25.74	22.1	15.69	20.61	10.48	6.42
Long-Term Deferred Charges	-	7.59	3.72	3.83	3.54	5.98
Other Long-Term Assets	2.93	1.39	7.75	11.76	1.36	0.78
Total Assets	5,668	5,763	5,572	4,977	3,982	2,955
Accounts Payable	492.54	486.8	434.09	462.73	368.66	236.97
Accrued Expenses	-	81.39	84.44	99.31	77.85	57.2
Short-Term Debt	11.67	19.15	18.29	30.41	40.52	23.56
Current Portion of Long-Term Debt	303.62	47.18	80.56	125.32	62.6	65.73
Current Portion of Leases	28.75	29.28	26.27	20.39	15.2	12.35
Current Income Taxes Payable	19.98	20.22	11.5	23.99	17.05	5.33
Other Current Liabilities	171.97	134.86	284.61	213.19	96.55	15.95
Total Current Liabilities	1,029	818.87	939.75	975.35	678.43	417.08
Long-Term Debt	1,601	1,614	1,551	1,178	840.03	1,145
Long-Term Leases	121.17	134.48	100.35	81.17	54.08	45.71
Pension & Post-Retirement Benefits	13.13	13.88	13.64	8.53	8.82	7.68
Long-Term Deferred Tax Liabilities	217.89	225.9	218.31	190.76	135.32	109.99
Other Long-Term Liabilities	9.96	35.68	72.97	102.86	13.78	11.14
Total Liabilities	2,992	2,843	2,896	2,537	1,730	1,737
Common Stock	5,880	5,880	5,880	5,680	5,680	11.75
Additional Paid-In Capital	-	-	-	-	-	1,189
Retained Earnings	1,186	1,148	962.29	798.75	564.57	95.63
Comprehensive Income & Other	-4,411	-4,152	-4,252	-4,094	-4,017	-80.96
Total Common Equity	2,655	2,876	2,590	2,385	2,228	1,216
Minority Interest	20.42	44.01	86.58	55.15	23.79	2.07
Shareholders' Equity	2,676	2,920	2,677	2,440	2,251	1,218
Total Liabilities & Equity	5,668	5,763	5,572	4,977	3,982	2,955
Total Debt	2,066	1,844	1,776	1,436	1,012	1,292
Net Cash (Debt)	-1,614	-1,540	-1,291	-1,168	-871.14	-1,129
Net Cash Per Share	-6.62	-6.32	-5.38	-4.99	-3.73	-0.96
Filing Date Shares Outstanding	243.54	243.5	243.92	233.85	233.85	1,175
Total Common Shares Outstanding	243.54	243.5	243.92	233.85	233.85	1,175
Working Capital	694.9	764.03	653.74	469.17	365.24	274.84
Book Value Per Share	10.90	11.81	10.62	10.20	9.53	1.03
Tangible Book Value	-1,049	-1,045	-1,165	-956.38	-576.43	-945.49
Tangible Book Value Per Share	-4.31	-4.29	-4.77	-4.09	-2.46	-0.80
Land	-	27.28	30.92	32.49	31.57	19.61
Machinery	-	20.75	19.9	15.19	12.3	7.79

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