GEVORKYAN, a.s. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	0.2	0.38	2.61	5.35	5.45	2.47
Cash & Short-Term Investments	0.2	0.38	2.61	5.35	5.45	2.47
Cash Growth	-94.05%	-85.50%	-51.28%	-1.83%	120.33%	4497.32%
Accounts Receivable	37.05	35.51	33.26	29.95	23.56	21.06
Other Receivables	-	-	-	0.65	0.59	0.49
Total Trade Receivables	37.05	35.51	33.26	30.6	24.15	21.56
Inventory	33.78	33.9	31.04	26.67	23.94	19.92
Other Current Assets	1.35	0.66	0.79	0.01	0	0.01
Total Current Assets	72.39	70.45	67.7	59.94	50.82	42.68
Net Property, Plant & Equipment	132.84	130.82	117.29	207.79	180.39	146.22
Other Intangible Assets	10.88	10.95	11.14	22.66	22.92	23.47
Long-Term Investments	0.01	0.01	0	-	-	-
Total Assets	216.11	212.23	196.13	175.17	152.48	127.53
Accounts Payable	27.56	26.64	24.36	40.54	23.29	12.28
Accrued Expenses	1.05	0	0.01	0.44	0.39	5.82
Short-Term Debt	42.81	49.89	12.75	13.65	11.11	21.52
Current Portion of Leases	0.15	0.15	0.25	-	-	2.68
Other Current Liabilities	2	3.02	1.55	3.05	2.87	0.45
Total Current Liabilities	73.63	79.71	38.98	23.14	14.48	15.31
Long-Term Debt	43.09	45.05	72.51	52.74	45.25	58.57
Long-Term Leases	0.1	0.17	0.33	-	-	4.66
Other Long-Term Liabilities	8.94	9.13	8.81	13.73	13.56	6.45
Total Long-Term Liabilities	52.14	54.36	81.65	48.42	49.32	56.54
Total Liabilities	125.77	134.07	120.63	99.97	80.38	87.7
Common Stock	17.86	16.66	16.66	33.31	33.31	27.85
Treasury Stock	-0.15	-0.15	-0.08	-	-	-
Additional Paid-in Capital	46.62	38.14	37.8	36	36	22.61
Accumulated Other Comprehensive Income	-	-	-	2.85	2.14	1.69
Retained Earnings	26.02	23.51	21.12	31.3	24.73	19.37
Total Common Shareholders' Equity	90.34	78.16	75.5	71.61	67.86	36.9
Shareholders' Equity	90.34	78.16	75.5	103.47	96.18	71.51
Total Liabilities & Equity	216.11	212.23	196.13	175.17	152.48	127.53
Total Debt	86.16	95.26	85.84	66.39	56.36	87.44
Net Cash (Debt)	-85.96	-94.89	-83.23	-61.04	-50.91	-84.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.16	-5.70	-5.00	-3.66	-3.02	-6.10
Book Value	90.34	78.16	75.5	71.61	67.86	36.9
Book Value Per Share	5.43	4.69	4.53	4.30	4.03	2.65
Tangible Book Value	79.47	67.21	64.36	48.95	44.94	13.43
Tangible Book Value Per Share	4.77	4.03	3.86	2.94	2.67	0.96