Bang & Olufsen Balance Sheet

Financials in millions DKK. Fiscal year is June - May.

Millions DKK. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	130	145	177	216	162	178
Short-Term Investments	247	380	388	394	415	435
Cash & Short-Term Investments	377	525	565	610	577	613
Cash Growth	-20.46%	-7.08%	-7.38%	5.72%	-5.87%	185.12%
Accounts Receivable	398	348	309	341	397	438
Other Receivables	82	87	82	76	109	123
Receivables	480	435	391	417	506	561
Inventory	487	447	447	499	629	369
Prepaid Expenses	30	42	27	24	28	32
Other Current Assets	-	2	3	3	17	22
Total Current Assets	1,374	1,451	1,433	1,553	1,757	1,597
Property, Plant & Equipment	355	347	356	335	323	300
Goodwill	42	42	42	42	42	41
Other Intangible Assets	426	405	354	333	292	227
Long-Term Deferred Tax Assets	75	75	92	99	77	87
Other Long-Term Assets	22	20	20	23	27	24
Total Assets	2,294	2,340	2,297	2,385	2,518	2,276
Accounts Payable	497	453	401	565	581	502
Short-Term Debt	260	175	381	386	276	20
Current Portion of Long-Term Debt	3	3	3	3	4	38
Current Portion of Leases	57	59	45	37	39	24
Current Income Taxes Payable	20	21	20	8	17	31
Current Unearned Revenue	-	-	3	6	7	4
Other Current Liabilities	226	269	252	197	261	270
Total Current Liabilities	1,063	980	1,105	1,202	1,185	889
Long-Term Debt	50	52	55	59	58	61
Long-Term Leases	99	104	117	109	95	117
Long-Term Unearned Revenue	-	-	-	-	14	15
Pension & Post-Retirement Benefits	14	15	10	11	12	14
Long-Term Deferred Tax Liabilities	8	8	8	6	6	7
Other Long-Term Liabilities	34	37	46	40	48	40
Total Liabilities	1,268	1,196	1,341	1,427	1,418	1,143
Common Stock	737	737	613	613	613	613
Retained Earnings	288	402	329	329	460	514
Comprehensive Income & Other	1	5	14	16	27	6
Shareholders' Equity	1,026	1,144	956	958	1,100	1,133
Total Liabilities & Equity	2,294	2,340	2,297	2,385	2,518	2,276
Total Debt	469	393	601	594	472	260
Net Cash (Debt)	-92	132	-36	16	105	353
Net Cash Growth	-	-	-	-84.76%	-70.25%	-
Net Cash Per Share	-0.67	0.90	-0.29	0.13	0.86	2.88
Filing Date Shares Outstanding	143.15	144.36	121	119.79	119.53	120.66
Total Common Shares Outstanding	143.15	144.36	121	119.79	119.53	120.66
Working Capital	311	471	328	351	572	708
Book Value Per Share	7.17	7.92	7.90	8.00	9.20	9.39
Tangible Book Value	558	697	560	583	766	865
Tangible Book Value Per Share	3.90	4.83	4.63	4.87	6.41	7.17
Land	-	338	332	321	352	264
Machinery	-	639	629	610	902	858
Construction In Progress	-	29	20	23	39	28
Leasehold Improvements	-	85	82	58	45	39

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