Dovre Group 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	9.1	2.54	7.91	11.23	9.5
Cash & Short-Term Investments	9.1	2.54	7.91	11.23	9.5
Cash Growth	258.02%	-67.85%	-29.58%	18.20%	11.23%
Accounts Receivable	0.87	21.23	40.47	42.14	32.03
Other Receivables	1.09	2.38	3.61	-	0.17
Receivables	1.96	23.61	44.08	42.14	32.19
Inventory	-	6.21	6.75	1.53	0.67
Other Current Assets	0.64	50.32	-	-	0
Total Current Assets	11.7	82.69	58.73	54.9	42.36
Property, Plant & Equipment	0.01	2.47	4.77	1.81	1.47
Long-Term Investments	11.25	2.91	1.88	1.85	1.86
Goodwill	-	3.57	20.27	21.02	20.9
Other Intangible Assets	0.2	0.15	2.01	2.45	2.86
Long-Term Deferred Tax Assets	-	0.23	0.32	0.47	0.2
Other Long-Term Assets	-0	-	0	0	-0
Total Assets	23.16	92	87.99	82.5	69.65
Accounts Payable	58.58	22.76	10.62	10.33	8.83
Accrued Expenses	-	1.86	11.19	10.15	9.43
Short-Term Debt	-	8.23	4.37	5.68	5.71
Current Portion of Leases	2.5	0.63	1.07	0.54	0.46
Current Income Taxes Payable	0.2	-	0.96	1.62	1.11
Current Unearned Revenue	-	0.14	0.09	0.07	0.09
Other Current Liabilities	9.9	38.59	16.43	15.02	11.69
Total Current Liabilities	71.17	72.21	44.72	43.41	37.32
Long-Term Debt	-	-	-	0.9	1.3
Long-Term Leases	-	1.77	3.64	1.08	0.98
Long-Term Deferred Tax Liabilities	-	-	0.95	0.95	0.96
Other Long-Term Liabilities	-	1.39	1.28	1.83	0.64
Total Liabilities	71.17	75.37	50.59	48.17	41.21
Common Stock	9.6	9.6	9.6	9.6	9.6
Retained Earnings	-74.2	4.38	14.76	10.7	5.54
Treasury Stock	-0.24	-0.24	-0.24	-0.24	-0.24
Comprehensive Income & Other	16.82	13.22	12.94	14.37	14.03
Total Common Equity	-48.01	26.96	37.06	34.44	28.94
Minority Interest	-	-10.33	0.33	-0.11	-0.5
Shareholders' Equity	-48.01	16.63	37.39	34.33	28.44
Total Liabilities & Equity	23.16	92	87.99	82.5	69.65
Total Debt	2.5	10.63	9.08	8.2	8.45
Net Cash (Debt)	6.6	-8.09	-1.17	3.03	1.05
Net Cash Growth	-	-	-	188.37%	-56.42%
Net Cash Per Share	0.06	-0.08	-0.01	0.03	0.01
Filing Date Shares Outstanding	107.51	105.72	105.72	105.72	105.72
Total Common Shares Outstanding	107.51	105.72	105.72	105.72	105.72
Working Capital	-59.47	10.47	14.02	11.48	5.04
Book Value Per Share	-0.45	0.26	0.35	0.33	0.27
Tangible Book Value	-48.21	23.25	14.78	10.97	5.18
Tangible Book Value Per Share	-0.45	0.22	0.14	0.10	0.05
Machinery	-	0.56	1.23	1.07	0.9
Order Backlog	-	28.89	49.23	34.82	19.34

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.