BW Energy Balance Sheet

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

Millions USD. 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	150.5	221.8	194.2	210.8	150.9
Cash & Short-Term Investments	150.5	221.8	194.2	210.8	150.9
Cash Growth	-32.15%	14.21%	-7.88%	39.70%	25.12%
Accounts Receivable	101.7	37.3	31.8	6.4	44.8
Other Receivables	-	24.7	10.3	9.3	25.3
Receivables	101.7	62	42.1	15.7	70.1
Inventory	72.4	56.7	33.5	11.5	7.4
Prepaid Expenses	-	6.6	9.6	2.4	1.7
Other Current Assets	4.1	2.9	0.6	-	-
Total Current Assets	328.7	350	280	240.4	230.1
Property, Plant & Equipment	1,508	1,231	1,163	753	548.5
Long-Term Investments	-	0.3	-	9.2	2.1
Other Intangible Assets	506.2	291.8	255.3	212.5	175.2
Long-Term Deferred Tax Assets	31.2	19	7.6	-	-
Other Long-Term Assets	110.3	78.1	34.3	0.6	1.6
Total Assets	2,484	1,970	1,740	1,216	957.5
Accounts Payable	219.1	76.9	99.3	18.4	13.2
Accrued Expenses	-	120.1	121	87.9	69.6
Short-Term Debt	14.6	94.6	79.9	-	-
Current Portion of Leases	43.5	43.3	37.9	68.8	19.6
Current Income Taxes Payable	-	-	-	0.9	0.9
Other Current Liabilities	0.1	0.8	-	4.2	-
Total Current Liabilities	277.3	335.7	338.1	180.2	103.3
Long-Term Debt	741.7	468.2	293	164.9	-
Long-Term Leases	186	86.8	108.6	187.2	213.6
Long-Term Deferred Tax Liabilities	-	13.6	11.7	9.3	6.9
Other Long-Term Liabilities	278.4	204.3	291.4	58.8	64.5
Total Liabilities	1,483	1,109	1,043	600.4	388.3
Common Stock	1,001	2.6	2.6	2.6	2.6
Additional Paid-In Capital	-	550.1	550.1	550.1	550.1
Retained Earnings	-	308.9	144.9	62.6	16.5
Total Common Equity	1,001	861.6	697.6	615.3	569.2
Shareholders' Equity	1,001	861.6	697.6	615.3	569.2
Total Liabilities & Equity	2,484	1,970	1,740	1,216	957.5
Total Debt	985.8	692.9	519.4	420.9	233.2
Net Cash (Debt)	-835.3	-471.1	-325.2	-210.1	-82.3
Net Cash Per Share	-	-1.83	-1.26	-0.81	-0.32
Filing Date Shares Outstanding	-	254.55	257.99	257.99	257.99
Total Common Shares Outstanding	-	254.55	257.99	257.99	257.99
Working Capital	51.4	14.3	-58.1	60.2	126.8
Book Value Per Share	-	3.38	2.70	2.38	2.21
Tangible Book Value	494.8	569.8	442.3	402.8	394
Tangible Book Value Per Share	-	2.24	1.71	1.56	1.53
Machinery	-	8.3	4.5	1.6	0.9

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