Tulikivi Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	0.7	0.49	0.68	2.68	3.72	1.07
Cash & Short-Term Investments	0.7	0.49	0.68	2.68	3.72	1.07
Cash Growth	16.67%	-28.13%	-74.68%	-27.81%	245.90%	-18.02%
Accounts Receivable	2.4	1.8	2.23	2.13	2.83	2.21
Other Receivables	0.6	0.55	0.65	0.87	0.86	0.77
Receivables	3	2.36	2.88	3	3.69	2.98
Inventory	8.6	9.05	9.55	9.57	8.66	7.97
Total Current Assets	12.3	11.89	13.11	15.25	16.06	12.01
Property, Plant & Equipment	5.3	5.59	6.4	6.96	6.76	6.72
Long-Term Investments	-	0.03	0.03	0.03	0.03	0.03
Goodwill	2.8	2.85	2.85	2.85	2.85	2.85
Other Intangible Assets	12.8	11.65	11.02	10.25	9.14	8.73
Long-Term Deferred Tax Assets	2.3	2.32	2.2	2.45	3.48	2.57
Long-Term Deferred Charges	-	1.12	0.95	0.82	0.74	0.7
Other Long-Term Assets	0.2	0.11	0.12	0.11	0.22	0.12
Total Assets	35.7	35.54	36.66	38.71	39.28	33.73
Accounts Payable	6.7	2.03	1.61	2.23	2.94	3.12
Accrued Expenses	-	2.93	3.04	3.06	3.62	3.41
Current Portion of Long-Term Debt	-	3.42	2	2.03	1.8	1.6
Current Portion of Leases	-	-	-	0.92	0.74	0.61
Current Income Taxes Payable	-	-	-	-	0.11	0.03
Other Current Liabilities	4.3	1.83	1.93	1.2	3.1	2
Total Current Liabilities	11.1	10.21	8.58	9.44	12.31	10.76
Long-Term Debt	6.6	6.1	6.9	8.53	10	11.27
Long-Term Leases	-	1.45	1.67	1.79	1.68	1.28
Long-Term Deferred Tax Liabilities	0.5	0.5	0.57	0.57	0.58	0.61
Other Long-Term Liabilities	1.5	0.24	0.23	0.25	0.26	0.24
Total Liabilities	19.7	18.5	17.96	20.58	24.83	24.16
Common Stock	6.3	6.31	6.31	6.31	6.31	6.31
Retained Earnings	-3.5	-2.42	-1.32	-2.5	-6.26	-11.09
Treasury Stock	-0.1	-0.11	-0.11	-0.11	-0.11	-0.11
Comprehensive Income & Other	13.3	13.25	13.81	14.43	14.51	14.46
Shareholders' Equity	16	17.04	18.7	18.13	14.45	9.57
Total Liabilities & Equity	35.7	35.54	36.66	38.71	39.28	33.73
Total Debt	6.7	10.97	10.57	13.26	14.22	14.76
Net Cash (Debt)	-6	-10.48	-9.89	-10.58	-10.51	-13.68
Net Cash Per Share	-0.12	-0.18	-0.17	-0.18	-0.18	-0.23
Filing Date Shares Outstanding	55	59.75	59.75	59.75	59.75	59.75
Total Common Shares Outstanding	55	59.75	59.75	59.75	59.75	59.75
Working Capital	1.2	1.68	4.53	5.82	3.75	1.25
Book Value Per Share	0.29	0.29	0.31	0.30	0.24	0.16
Tangible Book Value	0.4	2.54	4.84	5.04	2.46	-2.01
Tangible Book Value Per Share	0.01	0.04	0.08	0.08	0.04	-0.03
Land	-	1.28	1.28	1.28	1.28	1.28
Buildings	-	15.2	15.16	15.16	15.1	15.1
Machinery	-	17.01	16.9	16.71	17.97	17.75
Order Backlog	-	2.6	2.8	6.8	17.2	6.3

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