Ratos AB Balance Sheet

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

Millions SEK. 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	1,138	2,186	2,360	2,532	2,230
Cash & Short-Term Investments	1,138	2,186	2,360	2,532	2,230
Cash Growth	-47.94%	-7.37%	-6.79%	13.54%	-21.09%
Accounts Receivable	2,150	3,694	4,002	4,949	3,226
Other Receivables	1,013	1,096	1,236	793	314
Receivables	3,163	4,790	5,238	5,742	3,540
Inventory	1,602	1,851	1,868	2,477	1,903
Prepaid Expenses	-	393	464	652	311
Other Current Assets	-1	12	5	8	14
Total Current Assets	5,902	9,232	9,935	11,411	7,998
Property, Plant & Equipment	4,454	5,156	6,433	6,825	6,509
Long-Term Investments	5,343	3,426	3,246	1,581	2,074
Goodwill	10,170	14,286	14,047	14,811	10,028
Other Intangible Assets	1,539	1,785	1,931	2,096	1,390
Long-Term Deferred Tax Assets	476	555	477	357	303
Other Long-Term Assets	1	96	60	94	83
Total Assets	27,885	34,536	36,129	37,175	28,385
Accounts Payable	-	2,676	2,803	2,916	2,430
Accrued Expenses	-	1,651	1,437	1,377	1,003
Current Portion of Long-Term Debt	920	586	340	801	102
Current Portion of Leases	-	804	948	916	740
Current Income Taxes Payable	-	304	188	182	163
Current Unearned Revenue	-	2,398	2,407	1,750	723
Other Current Liabilities	3,760	1,969	1,628	1,613	1,316
Total Current Liabilities	4,680	10,388	9,751	9,555	6,477
Long-Term Debt	3,422	4,412	4,691	6,564	2,424
Long-Term Leases	3,580	3,201	4,450	4,754	4,767
Long-Term Unearned Revenue	-	4	6	7	6
Pension & Post-Retirement Benefits	64	68	65	60	76
Long-Term Deferred Tax Liabilities	346	708	801	742	440
Other Long-Term Liabilities	359	1,003	1,914	1,705	868
Total Liabilities	12,451	19,784	21,678	23,387	15,058
Common Stock	13,308	1,031	1,029	1,027	1,023
Additional Paid-In Capital	-	439	421	408	431
Retained Earnings	-	10,869	11,123	10,740	10,703
Comprehensive Income & Other	-	-69	-259	114	-217
Total Common Equity	13,308	12,270	12,314	12,289	11,940
Minority Interest	2,126	2,482	2,137	1,499	1,387
Shareholders' Equity	15,434	14,752	14,451	13,788	13,327
Total Liabilities & Equity	27,885	34,536	36,129	37,175	28,385
Total Debt	7,922	9,003	10,429	13,035	8,033
Net Cash (Debt)	-6,784	-6,817	-8,069	-10,503	-5,803
Net Cash Per Share	-20.72	-20.83	-24.47	-32.17	-17.78
Filing Date Shares Outstanding	327.39	327.39	326.52	325.9	324.68
Total Common Shares Outstanding	327.39	327.39	326.52	325.9	324.68
Working Capital	1,222	-1,156	184	1,856	1,521
Book Value Per Share	40.65	37.48	37.71	37.71	36.78
Tangible Book Value	1,599	-3,801	-3,664	-4,618	522
Tangible Book Value Per Share	4.88	-11.61	-11.22	-14.17	1.61
Land	-	1,033	1,087	1,113	952
Machinery	-	3,928	3,778	3,480	2,988
Construction In Progress	-	91	51	211	211
Order Backlog	8,279	27,300	24,400	-	-

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