Azkoyen 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	19.64	18.9	13.77	11.08	24.68
Cash & Short-Term Investments	19.64	18.9	13.77	11.08	24.68
Cash Growth	3.96%	37.26%	24.23%	-55.10%	17.18%
Accounts Receivable	51.23	45.55	45.47	43.99	34.94
Other Receivables	1.98	2.58	3.06	1.95	1.49
Receivables	53.21	48.13	48.53	45.93	36.43
Inventory	31.91	30.82	39.07	32.07	20.96
Other Current Assets	1.33	1.06	0.96	4.86	4.78
Total Current Assets	106.09	98.9	102.33	93.95	86.85
Property, Plant & Equipment	13.96	23.14	22.28	22.24	19.6
Goodwill	61.06	64.21	63.95	63.84	50.28
Other Intangible Assets	20.18	13.26	14.37	14.39	0.99
Long-Term Deferred Tax Assets	3.51	4.88	5.68	7.28	8.07
Long-Term Deferred Charges	-	2.83	4.81	6.27	3.39
Other Long-Term Assets	1.41	1.37	1.47	1.64	1.7
Total Assets	206.21	208.59	214.89	209.61	170.87
Accounts Payable	18.83	18.44	21.5	25.05	16.84
Accrued Expenses	-	10.64	8.78	8.04	7.22
Current Portion of Long-Term Debt	7.74	7.96	14.92	9.58	6.06
Current Portion of Leases	-	2.91	2.54	2.42	2.02
Current Income Taxes Payable	4.01	3.06	2.33	2.25	2.12
Current Unearned Revenue	-	7.18	6.78	5.48	4.85
Other Current Liabilities	25.7	5.59	5.96	7.02	3.82
Total Current Liabilities	56.28	55.78	62.82	59.84	42.92
Long-Term Debt	3.86	11.58	19.48	27.89	4.52
Long-Term Leases	-	5.41	5.52	5.73	3.61
Long-Term Unearned Revenue	0.14	0.79	0.76	0.5	0.42
Pension & Post-Retirement Benefits	-	0.49	0.57	0.71	0.7
Long-Term Deferred Tax Liabilities	5.95	6.35	6.59	6.82	3.22
Other Long-Term Liabilities	6.42	1.65	3.1	5.29	0.96
Total Liabilities	72.65	82.06	98.84	106.78	56.35
Common Stock	14.67	14.67	14.67	14.67	14.67
Retained Earnings	17.32	21.62	20.36	17.94	11.07
Treasury Stock	-0.39	-0.37	-0.41	-0.38	-0.4
Comprehensive Income & Other	101.76	90.41	81.25	70.47	88.98
Total Common Equity	133.37	126.34	115.86	102.7	114.33
Minority Interest	0.19	0.19	0.19	0.13	0.2
Shareholders' Equity	133.57	126.53	116.05	102.83	114.52
Total Liabilities & Equity	206.21	208.59	214.89	209.61	170.87
Total Debt	11.61	27.86	42.46	45.62	16.2
Net Cash (Debt)	8.04	-8.97	-28.7	-34.54	8.48
Net Cash Per Share	0.33	-0.37	-1.18	-1.42	0.35
Filing Date Shares Outstanding	24.41	24.38	24.38	24.38	24.38
Total Common Shares Outstanding	24.41	24.38	24.38	24.38	24.38
Working Capital	49.82	43.12	39.52	34.11	43.93
Book Value Per Share	5.46	5.18	4.75	4.21	4.69
Tangible Book Value	52.13	48.86	37.54	24.47	63.05
Tangible Book Value Per Share	2.14	2.00	1.54	1.00	2.59
Land	-	18.9	18.61	18.46	18.18
Machinery	-	47.91	49	50.04	49.05
Construction In Progress	-	0.04	0.05	0.05	0.01
Order Backlog	-	50.58	48.37	43.04	38.85

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