Pandora Balance Sheet

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	765	2,394	1,397	794	1,043	2,912
Trading Asset Securities	-	7	-	-	-	-
Cash & Short-Term Investments	765	2,401	1,397	794	1,043	2,912
Cash Growth	13.17%	71.87%	75.94%	-23.87%	-64.18%	176.28%
Accounts Receivable	760	1,308	1,397	1,262	1,009	870
Other Receivables	1,062	935	952	1,179	806	828
Receivables	1,822	2,243	2,349	2,441	1,815	1,698
Inventory	5,369	4,426	4,166	4,211	2,991	1,949
Other Current Assets	923	156	86	285	139	413
Total Current Assets	8,879	9,226	7,998	7,731	5,988	6,972
Property, Plant & Equipment	9,122	8,472	6,525	5,204	4,348	5,061
Goodwill	5,014	5,126	4,914	4,822	4,418	4,247
Other Intangible Assets	3,314	3,106	2,886	2,746	2,675	2,696
Long-Term Deferred Tax Assets	1,806	1,530	1,260	1,261	891	764
Other Long-Term Assets	301	298	215	249	222	244
Total Assets	28,436	27,758	23,798	22,013	18,542	19,984
Accounts Payable	3,555	3,894	3,211	3,131	3,267	3,211
Current Portion of Long-Term Debt	4,512	397	314	3,508	274	3,003
Current Portion of Leases	1,459	1,379	1,116	950	887	993
Current Income Taxes Payable	1,049	871	583	1,068	1,003	382
Current Unearned Revenue	223	237	185	136	163	82
Other Current Liabilities	1,814	3,099	2,644	2,388	2,652	2,119
Total Current Liabilities	12,612	9,877	8,053	11,181	8,246	9,790
Long-Term Debt	7,778	7,831	6,972	1,017	1,041	-
Long-Term Leases	4,170	3,794	2,765	2,113	1,724	2,066
Long-Term Deferred Tax Liabilities	254	102	164	172	113	368
Other Long-Term Liabilities	701	646	489	363	417	371
Total Liabilities	25,515	22,250	18,443	14,846	11,541	12,595
Common Stock	79	82	89	96	100	100
Retained Earnings	5,379	7,795	9,010	9,474	9,523	6,632
Treasury Stock	-3,329	-3,228	-4,353	-3,320	-3,416	-93
Comprehensive Income & Other	792	859	609	917	794	750
Shareholders' Equity	2,921	5,508	5,355	7,167	7,001	7,389
Total Liabilities & Equity	28,436	27,758	23,798	22,013	18,542	19,984
Total Debt	17,919	13,401	11,167	7,588	3,926	6,062
Net Cash (Debt)	-17,154	-11,000	-9,770	-6,794	-2,883	-3,150
Net Cash Per Share	-219.35	-135.94	-113.50	-72.51	-28.92	-32.33
Filing Date Shares Outstanding	77.62	78.82	82.21	89.4	95.74	99.68
Total Common Shares Outstanding	77.62	78.82	82.21	89.4	95.74	99.68
Working Capital	-3,733	-651	-55	-3,450	-2,258	-2,818
Book Value Per Share	37.63	69.88	65.14	80.17	73.13	74.13
Tangible Book Value	-5,407	-2,724	-2,445	-401	-92	446
Tangible Book Value Per Share	-69.66	-34.56	-29.74	-4.49	-0.96	4.47
Land	-	1,389	1,286	1,302	1,193	1,238
Machinery	-	5,274	4,661	3,938	3,582	3,461
Construction In Progress	-	396	263	289	91	44

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