Solar 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	190	459	441	166	481	404
Cash & Short-Term Investments	190	459	441	166	481	404
Cash Growth	-29.10%	4.08%	165.66%	-65.49%	19.06%	621.43%
Accounts Receivable	1,916	1,661	1,648	1,859	1,502	1,271
Other Receivables	50	127	42	22	6	21
Receivables	1,966	1,788	1,690	1,881	1,508	1,292
Inventory	1,713	1,888	2,029	2,248	1,855	1,531
Prepaid Expenses	60	73	59	42	46	41
Total Current Assets	3,929	4,208	4,219	4,337	3,890	3,268
Property, Plant & Equipment	1,672	1,478	1,506	1,346	1,185	1,106
Long-Term Investments	3	3	4	4	5	2
Goodwill	-	75	122	-	-	-
Other Intangible Assets	402	306	226	173	159	157
Long-Term Deferred Tax Assets	15	11	7	9	13	3
Other Long-Term Assets	22	27	28	32	53	71
Total Assets	6,043	6,108	6,112	5,901	5,305	4,607
Accounts Payable	1,756	1,852	1,770	1,902	2,098	1,693
Accrued Expenses	-	349	397	481	497	396
Short-Term Debt	-	-	-	-	10	31
Current Portion of Long-Term Debt	1,256	858	731	568	58	87
Current Portion of Leases	140	141	130	117	102	103
Current Income Taxes Payable	5	8	54	63	33	21
Current Unearned Revenue	13	35	-	-	-	-
Other Current Liabilities	419	113	140	130	120	82
Total Current Liabilities	3,589	3,356	3,222	3,261	2,918	2,413
Long-Term Debt	267	425	434	293	120	199
Long-Term Leases	266	284	320	274	203	189
Long-Term Deferred Tax Liabilities	141	157	143	133	101	98
Other Long-Term Liabilities	13	12	11	9	11	12
Total Liabilities	4,276	4,234	4,130	3,970	3,353	2,911
Common Stock	736	736	736	736	736	736
Retained Earnings	1,192	1,326	1,394	1,376	1,374	1,155
Comprehensive Income & Other	-206	-234	-198	-181	-158	-195
Total Common Equity	1,722	1,828	1,932	1,931	1,952	1,696
Minority Interest	45	46	50	-	-	-
Shareholders' Equity	1,767	1,874	1,982	1,931	1,952	1,696
Total Liabilities & Equity	6,043	6,108	6,112	5,901	5,305	4,607
Total Debt	1,929	1,708	1,615	1,252	493	609
Net Cash (Debt)	-1,739	-1,249	-1,174	-1,086	-12	-205
Net Cash Per Share	-237.62	-170.38	-160.18	-148.18	-1.64	-28.05
Filing Date Shares Outstanding	7.3	7.3	7.3	7.3	7.3	7.3
Total Common Shares Outstanding	7.3	7.3	7.3	7.3	7.3	7.3
Working Capital	340	852	997	1,076	972	855
Book Value Per Share	235.88	250.40	264.54	264.40	267.28	232.38
Tangible Book Value	1,320	1,447	1,584	1,758	1,793	1,539
Tangible Book Value Per Share	180.82	198.21	216.89	240.71	245.51	210.87
Land	-	1,219	1,249	1,208	1,124	1,155
Machinery	-	606	562	561	580	605
Construction In Progress	-	117	125	7	116	8
Leasehold Improvements	-	71	59	57	56	76

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