NSE S.A. 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	5.58	8.6	5.48	6.42	12.09	3.88
Trading Asset Securities	7.69	5.51	0.24	0.09	0.1	0.07
Cash & Short-Term Investments	13.27	14.12	5.72	6.51	12.19	3.94
Cash Growth	54.20%	146.78%	-12.16%	-46.56%	208.98%	24.14%
Accounts Receivable	45.2	32.69	35.16	22.12	21.24	30.99
Other Receivables	0.29	0.39	0.94	1.82	0.54	1.01
Receivables	45.49	33.08	36.11	23.94	21.78	31.99
Inventory	17.01	17.71	15.93	12.43	13.11	13.88
Prepaid Expenses	0.99	0.72	0.56	0.65	0.66	0.49
Other Current Assets	2.86	2.9	2.81	1.6	1.51	1.34
Total Current Assets	79.63	68.53	61.13	45.13	49.25	51.64
Property, Plant & Equipment	12.33	12.41	11.67	7.84	8.26	7.91
Long-Term Investments	0.17	0.11	0.76	0.86	0.53	0.13
Goodwill	1.51	1.51	1.51	1.51	1.51	1.51
Other Intangible Assets	3.29	3.1	2.49	2.26	2.11	1.67
Long-Term Deferred Tax Assets	1.33	0.71	0.59	0.33	0.58	0.6
Long-Term Deferred Charges	0.48	0.51	0.28	0.26	0.34	0.49
Other Long-Term Assets	0.38	0.39	0.44	0.39	0.47	0.55
Total Assets	99.11	87.27	79.03	58.76	63.05	64.49
Accounts Payable	10.08	9.04	11.33	5.03	5.08	7.64
Accrued Expenses	12.09	9.01	7.33	4.95	6.5	7.14
Short-Term Debt	0.02	-	0.02	-	0.01	0.03
Current Portion of Long-Term Debt	1.15	1.42	1.14	1.51	1.88	4.6
Current Portion of Leases	0.77	0.79	0.69	0.55	0.65	0.66
Current Income Taxes Payable	1.13	0.42	0.24	0.31	0.16	0.81
Current Unearned Revenue	19.68	16.24	12.09	3.5	7.56	6.59
Other Current Liabilities	2.01	1.8	0.69	1.84	0.59	0.58
Total Current Liabilities	46.93	38.72	33.53	17.69	22.42	28.06
Long-Term Debt	1.87	1.9	2.57	3.54	5	3.25
Long-Term Leases	2.76	3.19	2.34	0.67	0.9	1.23
Other Long-Term Liabilities	1.86	1.72	1.48	0.84	1.04	1.19
Total Liabilities	53.41	45.53	39.92	22.73	29.36	33.72
Common Stock	5.23	5.23	5.23	5.23	5.23	5.23
Retained Earnings	1.2	3.63	4.13	3.06	4.08	3.95
Comprehensive Income & Other	39.27	32.88	29.75	27.74	24.36	20.01
Total Common Equity	45.7	41.74	39.11	36.03	33.68	29.19
Minority Interest	-	-	-	-0	0.02	1.57
Shareholders' Equity	45.7	41.74	39.11	36.03	33.69	30.77
Total Liabilities & Equity	99.11	87.27	79.03	58.76	63.05	64.49
Total Debt	6.57	7.31	6.76	6.27	8.43	9.77
Net Cash (Debt)	6.7	6.81	-1.04	0.24	3.75	-5.83
Net Cash Growth	259.58%	-	-	-93.60%	-	-
Net Cash Per Share	2.07	2.14	-0.33	0.08	1.18	-1.85
Filing Date Shares Outstanding	3.3	3.17	3.18	3.17	3.18	3.15
Total Common Shares Outstanding	3.3	3.17	3.18	3.17	3.18	3.15
Working Capital	32.7	29.81	27.6	27.45	26.83	23.58
Book Value Per Share	13.86	13.15	12.32	11.35	10.60	9.27
Tangible Book Value	40.9	37.12	35.11	32.26	30.06	26.02
Tangible Book Value Per Share	12.40	11.69	11.06	10.16	9.46	8.26
Land	7.46	7.1	6.87	6.11	5.94	5.16
Construction In Progress	0.24	0.24	0.22	0.26	0.3	0.4

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