Tubacex Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	124.8	225.27	159.32	164.22	140.49	159.25
Short-Term Investments	-	-	-	0.65	0.65	0.91
Trading Asset Securities	-	13.88	21.68	11.99	16.99	26.05
Cash & Short-Term Investments	124.8	239.15	181	176.85	158.13	186.2
Cash Growth	-10.35%	32.13%	2.34%	11.84%	-15.08%	10.79%
Accounts Receivable	121.3	76.61	74.22	89.24	84.88	57.96
Other Receivables	34.4	31.56	22.89	26.61	-	21.47
Receivables	155.7	108.17	97.11	115.85	84.88	79.43
Inventory	453	423.17	411.13	378.33	313.51	263.5
Other Current Assets	8.6	2.73	3.93	7.28	2.45	5.41
Total Current Assets	742.1	773.22	693.16	678.31	558.97	534.54
Property, Plant & Equipment	337.1	304.25	286.17	266.79	259.71	287.4
Long-Term Investments	-	4.68	5.51	8.34	4.95	4.68
Goodwill	-	8.01	7.77	8.13	8.33	10.11
Other Intangible Assets	111.1	109.71	104.8	106.25	105.77	105.46
Long-Term Deferred Tax Assets	-	93.29	93.56	91.97	85.64	75.62
Other Long-Term Assets	122.9	39.55	20.5	-	18.43	21.13
Total Assets	1,313	1,333	1,211	1,160	1,042	1,039
Accounts Payable	143.3	189.57	250.89	237.58	151.22	114.14
Accrued Expenses	-	29.27	48.36	30.12	22.04	27.75
Short-Term Debt	-	55.37	87.48	90.58	37.05	28.89
Current Portion of Long-Term Debt	288.6	268.08	265.84	226.13	200.34	217.85
Current Income Taxes Payable	-	4.81	0.13	1.49	1.19	1.48
Other Current Liabilities	93.4	59.5	58.67	57.13	42.23	31.99
Total Current Liabilities	525.3	606.6	711.37	643.03	454.07	422.1
Long-Term Debt	235.5	169.75	126.04	171.6	276.82	258.46
Long-Term Leases	-	24.16	27.76	12.93	12.35	7.43
Long-Term Unearned Revenue	-	7.51	11.83	11.36	9.41	13.6
Pension & Post-Retirement Benefits	-	7.85	7.7	9.18	9.59	7.66
Long-Term Deferred Tax Liabilities	-	23.49	23.65	23.37	23.71	20.64
Other Long-Term Liabilities	101.6	11.2	9.47	12.22	6.67	10.61
Total Liabilities	862.4	850.56	917.82	883.69	792.6	740.48
Common Stock	351	56.95	56.95	58.04	58.04	59.84
Additional Paid-In Capital	-	17.11	17.11	17.11	17.11	17.11
Retained Earnings	-	238.6	110.7	68.56	0.41	-3.25
Treasury Stock	-	-10.79	-11.67	-15.55	-10.42	-13.53
Comprehensive Income & Other	-	76.16	66.96	93.32	132.28	180.7
Total Common Equity	351	378.03	240.04	221.48	197.41	240.86
Minority Interest	99.8	104.12	53.6	54.61	51.78	57.58
Shareholders' Equity	450.8	482.15	293.64	276.09	249.19	298.44
Total Liabilities & Equity	1,313	1,333	1,211	1,160	1,042	1,039
Total Debt	524.1	517.37	507.13	501.23	526.55	512.63
Net Cash (Debt)	-399.3	-278.22	-326.13	-324.38	-368.42	-326.42
Net Cash Per Share	-3.25	-2.23	-2.63	-2.61	-2.99	-2.56
Filing Date Shares Outstanding	122.81	121.69	120.8	120.74	123.18	125.6
Total Common Shares Outstanding	122.81	121.69	120.8	120.74	123.18	125.6
Working Capital	216.8	166.62	-18.2	35.28	104.9	112.43
Book Value Per Share	2.86	3.11	1.99	1.83	1.60	1.92
Tangible Book Value	239.9	260.3	127.48	107.1	83.32	125.29
Tangible Book Value Per Share	1.95	2.14	1.06	0.89	0.68	1.00
Land	-	20.84	20.84	-	21.01	28.2
Buildings	-	158.31	132.53	-	130.66	138.58
Machinery	-	743.59	722.42	-	675.82	676.66

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