Harboes Bryggeri Balance Sheet

Financials in millions DKK. Fiscal year is May - April.

Millions DKK. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Cash & Equivalents	3.36	30.44	33.13	9.37	46.09	16.64
Cash & Short-Term Investments	3.36	30.44	33.13	9.37	46.09	16.64
Cash Growth	-91.81%	-8.12%	253.79%	-79.68%	176.95%	-63.78%
Accounts Receivable	432.71	349.81	359.73	295.51	224.66	183.69
Other Receivables	6	74.62	63.07	66.61	53.73	89.06
Receivables	438.71	424.43	422.8	362.11	278.39	272.75
Inventory	206.8	199.46	194.42	205.37	164.93	144.73
Other Current Assets	0	-	2.43	-	-	-
Total Current Assets	648.86	654.33	652.78	576.85	489.4	434.12
Property, Plant & Equipment	743	739.3	636.87	589.01	613.58	653.04
Long-Term Investments	1.54	1.54	1.54	1.54	2.36	5.89
Goodwill	-	3.57	3.57	3.57	3.57	3.57
Other Intangible Assets	3.69	0.21	0.41	0.63	2.65	9.85
Other Long-Term Assets	20.34	22.09	25.26	28.05	31.46	34.61
Total Assets	1,417	1,421	1,320	1,200	1,143	1,141
Accounts Payable	238.31	254.77	244.51	145.12	158.6	117.91
Accrued Expenses	-	44.82	42.76	35.7	39.48	50.19
Current Portion of Long-Term Debt	55.52	90.15	39.21	107.57	15.99	16.2
Current Portion of Leases	11.02	12.14	10.89	10.81	9.68	10
Current Unearned Revenue	1.73	1.83	2.12	2.43	2.87	3.44
Other Current Liabilities	157.84	71.11	69.17	73.71	68.33	71.86
Total Current Liabilities	464.42	474.82	408.65	375.33	294.95	269.59
Long-Term Debt	78.85	87.18	91.2	54.18	70.32	86.3
Long-Term Leases	32.36	32	33.44	35.34	33.03	39.91
Long-Term Unearned Revenue	10.56	11.17	12.93	14.78	17.37	20.85
Long-Term Deferred Tax Liabilities	47.73	47.73	42.66	43.38	46.45	44.63
Other Long-Term Liabilities	0	-	-	-0.04	-0.04	-0.01
Total Liabilities	633.91	652.89	588.86	522.97	462.08	461.26
Common Stock	60	60	60	60	60	60
Retained Earnings	723.34	707.93	671.58	616.81	621.13	621.07
Comprehensive Income & Other	0.18	0.22	-0.01	-0.18	-0.23	-1.28
Total Common Equity	783.52	768.15	731.57	676.63	680.9	679.79
Minority Interest	-	-	-	0.04	0.04	0.01
Shareholders' Equity	783.52	768.15	731.57	676.67	680.94	679.81
Total Liabilities & Equity	1,417	1,421	1,320	1,200	1,143	1,141
Total Debt	177.75	221.46	174.73	207.9	129.02	152.4
Net Cash (Debt)	-174.39	-191.02	-141.6	-198.54	-82.93	-135.76
Net Cash Per Share	-41.29	-45.24	-33.53	-47.02	-19.64	-32.15
Filing Date Shares Outstanding	4.23	4.22	4.22	4.22	4.22	4.22
Total Common Shares Outstanding	4.23	4.22	4.22	4.22	4.22	4.22
Working Capital	184.45	179.51	244.13	201.51	194.46	164.53
Book Value Per Share	185.22	181.91	173.25	160.24	161.25	160.99
Tangible Book Value	779.83	764.37	727.58	672.43	674.69	666.37
Tangible Book Value Per Share	184.35	181.02	172.30	159.24	159.78	157.81
Land	-	770.23	720.16	702.97	674.09	686.65
Machinery	-	1,829	1,764	1,662	1,565	1,525
Construction In Progress	-	-	-	-	13.93	11.49

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