Netcompany Group Balance Sheet

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

Millions DKK. 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	287.5	250.9	448.1	336	458.78
Cash & Short-Term Investments	287.5	250.9	448.1	336	458.78
Cash Growth	14.59%	-44.01%	33.36%	-26.76%	27.79%
Accounts Receivable	3,110	2,649	2,526	2,227	2,052
Other Receivables	157.5	146.2	82.7	100.7	63.24
Receivables	3,268	2,795	2,608	2,327	2,115
Prepaid Expenses	247.8	113.2	122	124.4	74.9
Other Current Assets	0.1	-	-0.1	-0.1	3.12
Total Current Assets	3,803	3,159	3,178	2,788	2,652
Property, Plant & Equipment	1,026	894.4	944.4	329.7	314.42
Long-Term Investments	231.9	188.9	205.2	106.7	112.55
Goodwill	3,858	3,252	3,252	3,373	3,372
Other Intangible Assets	807.9	456.7	481.1	507.4	523.75
Long-Term Deferred Tax Assets	87.4	46.5	41.8	32.7	17.39
Other Long-Term Assets	89.3	74.9	56.9	57.4	28.7
Total Assets	9,904	8,072	8,160	7,194	7,021
Accounts Payable	557.1	343.1	340	265.2	328.5
Accrued Expenses	450.5	432	374.8	301.2	-
Short-Term Debt	1,038	37.3	146.9	47.3	74.5
Current Portion of Leases	257.1	146.4	114.7	85.4	98.65
Current Income Taxes Payable	37.9	31.4	40.9	-	5.15
Current Unearned Revenue	1,061	828.7	561.3	433.5	350.88
Other Current Liabilities	423.8	288.7	314.5	356.8	454.85
Total Current Liabilities	3,826	2,108	1,893	1,489	1,313
Long-Term Debt	1,576	1,574	1,587	1,872	2,276
Long-Term Leases	769.1	707	761.8	180.5	147.98
Pension & Post-Retirement Benefits	25.9	23.7	19	13.8	18.2
Long-Term Deferred Tax Liabilities	53.5	44.7	69	111	134.26
Other Long-Term Liabilities	165.5	-	-	-0.1	94.5
Total Liabilities	6,415	4,457	4,330	3,667	3,983
Common Stock	47.5	50	50	50	50
Retained Earnings	3,818	4,350	3,893	3,731	3,146
Treasury Stock	-499.9	-884.1	-193.1	-313.3	-241.41
Comprehensive Income & Other	122.5	99.4	73.9	53	76.76
Total Common Equity	3,488	3,615	3,824	3,521	3,031
Minority Interest	-	-	6.5	6.2	6.8
Shareholders' Equity	3,488	3,615	3,830	3,527	3,038
Total Liabilities & Equity	9,904	8,072	8,160	7,194	7,021
Total Debt	3,640	2,465	2,610	2,186	2,597
Net Cash (Debt)	-3,352	-2,214	-2,162	-1,850	-2,138
Net Cash Per Share	-70.72	-45.09	-43.42	-37.22	-43.03
Filing Date Shares Outstanding	45.78	47.25	49.57	49.1	49.17
Total Common Shares Outstanding	45.78	47.25	49.57	49.1	49.17
Working Capital	-22.3	1,051	1,285	1,298	1,339
Book Value Per Share	76.20	76.51	77.13	71.71	61.64
Tangible Book Value	-1,178	-93.3	90.4	-359.2	-865.08
Tangible Book Value Per Share	-25.73	-1.97	1.82	-7.32	-17.59
Machinery	261.3	202.1	247.7	166.3	137.37
Leasehold Improvements	184.6	141.6	123.4	67.4	49.74

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