Tessenderlo Group NV 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	166.2	182.4	177	156.1	320.3	230.1
Short-Term Investments	70	70	-	-	10	20
Cash & Short-Term Investments	236.2	252.4	177	156.1	330.3	250.1
Cash Growth	32.85%	42.60%	13.39%	-52.74%	32.07%	61.88%
Accounts Receivable	507.2	372.6	389	374.2	333.4	238.2
Other Receivables	12.6	77.8	82.2	54	43.5	39.2
Receivables	519.8	450.4	471.2	428.2	376.9	277.4
Inventory	492.9	560.3	604.5	566.9	393.4	332.1
Prepaid Expenses	-	0.3	1.7	1.5	0.4	0.9
Other Current Assets	5.4	4.1	3.2	0.6	0.6	-
Total Current Assets	1,254	1,268	1,258	1,153	1,102	860.5
Property, Plant & Equipment	1,242	1,233	1,156	888.7	886.6	862.2
Long-Term Investments	23.7	27.2	105.8	87.1	31	30.3
Goodwill	33.2	74.8	31.8	32.1	32.3	33.4
Other Intangible Assets	197.6	244.2	286.9	107	109.2	135.6
Long-Term Accounts Receivable	18.4	0.9	0.8	-	-	0.9
Long-Term Deferred Tax Assets	59.2	59.1	50.2	18.2	33.5	32.2
Other Long-Term Assets	0.1	28	25.5	14.5	12.8	11.3
Total Assets	2,829	2,935	2,915	2,301	2,207	1,966
Accounts Payable	465.1	279.5	260.3	272.8	247.8	173.5
Accrued Expenses	0.6	131.5	117.5	111.6	114.7	93.6
Short-Term Debt	0.1	-	0.1	0.1	0.1	19
Current Portion of Long-Term Debt	127.7	103.8	42.3	40.9	199.7	35.7
Current Portion of Leases	19.5	19.5	19.1	16.8	17	18.2
Current Income Taxes Payable	4	5.6	2.1	1.9	1.6	2.4
Other Current Liabilities	30.2	59.8	48.6	9.5	16.8	19.2
Total Current Liabilities	647.2	599.7	490	453.6	597.7	361.6
Long-Term Debt	78.5	99.1	135.2	175.6	164.7	364.2
Long-Term Leases	32	35	40.1	35.4	37.1	35.2
Pension & Post-Retirement Benefits	46	43.2	45	40.1	55.8	67.6
Long-Term Deferred Tax Liabilities	99.6	114.1	126.5	56.3	65.4	66.3
Other Long-Term Liabilities	128.3	131.3	129.1	136.6	155	167.4
Total Liabilities	1,032	1,022	965.9	897.6	1,076	1,062
Common Stock	428.3	428.3	428.3	216.2	216.2	216.2
Additional Paid-In Capital	1,744	1,744	1,744	238	238	238
Retained Earnings	-277.4	-211.1	-164.5	1,012	758.6	553.9
Comprehensive Income & Other	-112.3	-64.8	-76.5	-64.1	-82.8	-105.1
Total Common Equity	1,782	1,896	1,931	1,402	1,130	903
Minority Interest	15.6	16.4	17.9	1.5	1.3	1.1
Shareholders' Equity	1,798	1,912	1,949	1,403	1,131	904.1
Total Liabilities & Equity	2,829	2,935	2,915	2,301	2,207	1,966
Total Debt	257.8	257.4	236.8	268.8	418.6	472.3
Net Cash (Debt)	-21.6	-5	-59.8	-112.7	-88.3	-222.2
Net Cash Per Share	-0.36	-0.08	-0.95	-2.62	-2.05	-5.15
Filing Date Shares Outstanding	59.23	60.49	84.29	85.44	43.15	43.15
Total Common Shares Outstanding	59.23	60.49	84.29	43.12	43.15	43.15
Working Capital	607.1	667.8	767.6	699.7	503.9	498.9
Book Value Per Share	30.09	31.35	22.91	32.51	26.18	20.92
Tangible Book Value	1,551	1,577	1,612	1,263	988.5	734
Tangible Book Value Per Share	26.19	26.07	19.13	29.28	22.91	17.01
Land	-	704.5	671	571	536.8	511.3
Machinery	-	2,260	2,100	1,797	1,709	1,649
Construction In Progress	-	172.2	152.7	75.6	69.9	60.2

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