FRA:D2V 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	282.45	120.61	135.18	28.53	23.03	84.47
Cash & Short-Term Investments	282.45	120.61	135.18	28.53	23.03	84.47
Cash Growth	37.84%	-10.78%	373.81%	23.86%	-72.73%	122.89%
Accounts Receivable	334.11	272.94	389	187.21	148.3	105.88
Other Receivables	10.23	10.2	-	40.57	24.07	71.64
Receivables	344.34	283.14	389	227.78	172.37	177.52
Inventory	205.15	183.64	99.33	87.12	67.82	245.55
Total Current Assets	831.94	587.38	623.51	343.43	263.23	507.54
Property, Plant & Equipment	1,894	1,813	1,810	1,791	1,596	1,458
Long-Term Investments	-	0.01	0.01	0.01	0.01	0.15
Goodwill	79.17	79.17	80.34	80.34	80.34	80.34
Other Intangible Assets	424.26	307.41	273.02	244.45	161.1	188.12
Other Long-Term Assets	722.3	722.84	641.07	718.34	683.69	635.66
Total Assets	3,952	3,510	3,428	3,177	2,785	2,870
Accounts Payable	588.13	94.55	79.44	61.67	48.74	88.93
Accrued Expenses	-	26.02	39.77	16.53	133.72	58.72
Current Portion of Long-Term Debt	247.37	113.34	92.36	101.55	207.58	84.3
Current Portion of Leases	5.63	4.37	3.44	2.42	2.14	2.4
Current Income Taxes Payable	19.68	-	17.68	-	7.36	-
Current Unearned Revenue	-	53.85	67.1	48.36	56.69	67.18
Other Current Liabilities	173.48	250.02	275.75	273.17	112.25	147.5
Total Current Liabilities	1,034	542.15	575.54	503.7	568.48	449.03
Long-Term Debt	1,092	1,171	1,217	1,291	1,198	1,532
Long-Term Leases	9.5	6.66	8	4.41	3.34	4.25
Long-Term Deferred Tax Liabilities	287.24	287.24	265.55	269.23	211.07	177.37
Other Long-Term Liabilities	113.7	100.89	85.14	72.06	54	54.85
Total Liabilities	2,536	2,108	2,151	2,140	2,035	2,218
Common Stock	197.5	197.5	197.5	197.5	197.5	197.5
Retained Earnings	1,139	1,129	996.25	759.79	567.56	515.94
Comprehensive Income & Other	18.2	19.13	29.45	30.88	-57.25	-85.79
Total Common Equity	1,355	1,345	1,223	988.17	707.81	627.65
Minority Interest	60.77	57.07	53.59	48.82	42.24	24.93
Shareholders' Equity	1,416	1,402	1,277	1,037	750.05	652.58
Total Liabilities & Equity	3,952	3,510	3,428	3,177	2,785	2,870
Total Debt	1,354	1,295	1,320	1,399	1,411	1,623
Net Cash (Debt)	-1,072	-1,174	-1,185	-1,371	-1,388	-1,539
Net Cash Per Share	-109.76	-120.22	-121.32	-140.32	-142.05	-157.48
Filing Date Shares Outstanding	10.59	9.77	9.77	9.77	9.77	9.77
Total Common Shares Outstanding	10.59	9.77	9.77	9.77	9.77	9.77
Working Capital	-202.35	45.23	47.97	-160.27	-305.25	58.5
Book Value Per Share	127.95	137.72	125.21	101.15	72.45	64.25
Tangible Book Value	851.34	958.84	869.83	663.38	466.38	359.19
Tangible Book Value Per Share	80.41	98.15	89.04	67.90	47.74	36.77
Land	-	1,738	1,709	1,635	1,162	1,161
Machinery	-	298.33	288.29	250.13	237.66	235.73
Construction In Progress	-	28.47	18.5	40.52	334.31	145.32

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