ENCE Energía y Celulosa 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	227.45	263.94	333.03	412.91	379.96
Trading Asset Securities	-	-	1.72	2.58	-
Cash & Short-Term Investments	227.45	263.94	334.75	415.49	379.96
Cash Growth	-13.83%	-21.15%	-19.43%	9.35%	-28.09%
Accounts Receivable	31.37	45.17	32.16	45.12	69.12
Other Receivables	17.44	30.84	27.89	33.54	27.58
Receivables	48.82	76.02	60.06	78.7	96.73
Inventory	92.15	94.61	72.1	102.35	65.69
Other Current Assets	18.92	29.61	7.57	12.18	17.29
Total Current Assets	387.33	464.18	474.48	608.72	559.68
Property, Plant & Equipment	1,079	981.85	1,012	1,019	915.99
Long-Term Investments	0.1	0.08	1.34	3.37	0.03
Goodwill	-	7.55	2.74	2.74	1.49
Other Intangible Assets	66.23	47.49	27.98	28.83	29.13
Long-Term Deferred Tax Assets	79.18	61.99	68	52.99	45.56
Long-Term Deferred Charges	-	0.92	4.11	4.59	5.07
Other Long-Term Assets	24.63	118.4	109.36	59.74	56.02
Total Assets	1,637	1,682	1,700	1,780	1,613
Accounts Payable	222.92	180.92	186.61	311.85	260.37
Accrued Expenses	12.33	49.24	48.94	52.11	15.89
Current Portion of Long-Term Debt	141.41	157.33	180.68	107.78	45.86
Current Portion of Leases	-	7.02	5.11	3.68	4
Current Income Taxes Payable	0.05	0.03	0.04	0.01	0.08
Other Current Liabilities	58.32	50.63	47.21	40.82	27.02
Total Current Liabilities	435.03	445.15	468.6	516.24	353.21
Long-Term Debt	513.56	427.96	408.81	268.33	477.69
Long-Term Leases	-	51.53	39.73	35.62	13.58
Long-Term Unearned Revenue	19.19	13.62	8.73	9.65	4.88
Other Long-Term Liabilities	102.42	121.57	125.02	132.33	138.1
Total Liabilities	1,070	1,060	1,051	962.17	987.45
Common Stock	221.65	221.65	221.65	221.65	221.65
Additional Paid-In Capital	170.78	170.78	170.78	170.78	170.78
Retained Earnings	-54.46	27.66	39.45	199.87	4.92
Treasury Stock	-12.93	-12.21	-12.98	-12.96	-12.3
Comprehensive Income & Other	152.21	117.7	115.17	121.47	127.62
Total Common Equity	477.25	525.57	534.06	700.8	512.66
Minority Interest	89.42	97.05	115.53	117.24	112.86
Shareholders' Equity	566.67	622.62	649.59	818.04	625.52
Total Liabilities & Equity	1,637	1,682	1,700	1,780	1,613
Total Debt	654.97	643.83	634.33	415.41	541.12
Net Cash (Debt)	-427.52	-379.89	-299.58	0.09	-161.16
Net Cash Per Share	-1.73	-1.54	-1.24	0.00	-0.67
Filing Date Shares Outstanding	256.79	242.67	242.4	242.43	242.35
Total Common Shares Outstanding	256.79	242.67	242.4	242.43	242.35
Working Capital	-47.7	19.03	5.88	92.47	206.47
Book Value Per Share	1.86	2.17	2.20	2.89	2.12
Tangible Book Value	411.02	470.53	503.35	669.24	482.04
Tangible Book Value Per Share	1.60	1.94	2.08	2.76	1.99
Land	-	17.51	16.71	15.26	98.12
Buildings	-	172.1	166.25	160.83	161.4
Machinery	-	1,889	1,878	1,836	1,879

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