AS Merko Ehitus Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	41.42	91.88	77.33	17.67	44.93
Short-Term Investments	18	10	-	-	-
Cash & Short-Term Investments	59.42	101.88	77.33	17.67	44.93
Cash Growth	-41.67%	31.75%	337.76%	-60.68%	-5.37%
Accounts Receivable	34.17	37.88	54.56	64.84	47.15
Other Receivables	0.13	9.07	9.33	0.12	0.2
Receivables	34.8	46.95	63.89	69.96	48.46
Inventory	219.81	196.52	195.44	225.66	160.59
Prepaid Expenses	8.17	3.9	4.2	7.2	6.01
Other Current Assets	2.04	0.84	0.66	0.83	1.14
Total Current Assets	324.24	350.09	341.52	321.32	261.12
Property, Plant & Equipment	22.12	23.64	23.3	18.8	17.8
Long-Term Investments	32.04	21.65	22	12.9	7.71
Goodwill	0	0	0	0.07	0.07
Other Intangible Assets	0.71	0.34	0.33	0.4	0.52
Long-Term Accounts Receivable	17.86	32.9	24.49	22.98	24.07
Long-Term Deferred Tax Assets	2.87	5.06	3.3	0.69	0.62
Other Long-Term Assets	12.4	6.13	10.32	10.25	12.45
Total Assets	415.04	447.1	425.26	387.41	324.37
Accounts Payable	33.97	55.47	42.47	46.02	29.41
Accrued Expenses	19.77	23.82	21.51	20.26	16.27
Current Portion of Long-Term Debt	1.95	20.27	18.58	48.49	10.77
Current Portion of Leases	1.13	1.03	1.09	1.2	0.87
Current Income Taxes Payable	0.51	7.1	4.26	1.24	0.68
Current Unearned Revenue	41.37	49.72	68.61	28.39	41.49
Other Current Liabilities	11.24	8.46	11.76	11.4	10.86
Total Current Liabilities	109.94	165.87	168.28	157	110.35
Long-Term Debt	26.71	8.61	31.83	39.13	38.35
Long-Term Leases	3.3	3.49	3.31	3.1	2.65
Long-Term Unearned Revenue	1.2	3.6	2.37	-	0.53
Long-Term Deferred Tax Liabilities	7.45	6.15	4.44	2.36	3.11
Other Long-Term Liabilities	5.87	5.12	3.13	2.13	2.37
Total Liabilities	154.47	192.84	213.36	203.72	157.36
Common Stock	7.93	7.93	7.93	7.93	7.93
Retained Earnings	252.66	246.37	204.96	177.04	160.1
Comprehensive Income & Other	-0.02	-0.04	-0.84	-0.78	-0.79
Total Common Equity	260.57	254.26	212.06	184.19	167.24
Minority Interest	-	-	-0.16	-0.5	-0.23
Shareholders' Equity	260.57	254.26	211.9	183.69	167.01
Total Liabilities & Equity	415.04	447.1	425.26	387.41	324.37
Total Debt	33.09	33.41	54.82	91.92	52.64
Net Cash (Debt)	26.33	68.47	22.52	-74.26	-7.71
Net Cash Growth	-61.54%	204.13%	-	-	-
Net Cash Per Share	1.49	3.87	1.27	-4.20	-0.44
Filing Date Shares Outstanding	17.7	17.7	17.7	17.7	17.7
Total Common Shares Outstanding	17.7	17.7	17.7	17.7	17.7
Working Capital	214.3	184.22	173.24	164.33	150.77
Book Value Per Share	14.72	14.36	11.98	10.41	9.45
Tangible Book Value	259.85	253.92	211.72	183.72	166.64
Tangible Book Value Per Share	14.68	14.35	11.96	10.38	9.41
Land	1.27	1.27	1.27	1.27	0.71
Buildings	8.06	6.63	7.43	7.17	7.17
Machinery	26.81	16.91	17.48	18.37	17.91
Construction In Progress	3.12	1.26	0.63	0.91	0.74
Order Backlog	466.9	340.59	477.48	297.17	257.27

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