Gapwaves AB Balance Sheet

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

Millions SEK. 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	87.15	40.75	89.33	185.43	211.16
Cash & Short-Term Investments	87.15	40.75	89.33	185.43	211.16
Cash Growth	113.85%	-54.38%	-51.82%	-12.18%	171.19%
Accounts Receivable	26.79	18.85	5.08	9.16	8.3
Other Receivables	3.42	8.8	13.28	18.61	1.81
Receivables	30.21	27.64	18.36	27.77	10.1
Inventory	3.68	2.09	1.81	1.61	0.67
Prepaid Expenses	4.92	3.61	3.35	2.76	10.3
Other Current Assets	-0	0	-0	-	-
Total Current Assets	125.95	74.1	112.85	217.57	232.22
Property, Plant & Equipment	6.55	6.82	7.08	7.84	9.16
Long-Term Investments	9.99	17.46	32.48	-	2.63
Other Intangible Assets	5.61	9.35	13.09	16.75	0.12
Long-Term Deferred Tax Assets	1.15	1.91	2.68	3.45	-
Long-Term Deferred Charges	0.47	1.23	2.73	5.26	9.47
Other Long-Term Assets	16.07	20.12	0.68	0.64	-
Total Assets	165.79	130.99	171.58	251.51	253.59
Accounts Payable	14.59	6.02	4.45	5.79	11.68
Accrued Expenses	12.52	12.6	7.85	9.28	5.09
Short-Term Debt	13.52	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	0.65
Current Income Taxes Payable	0.67	0.78	0.37	0.07	-
Current Unearned Revenue	1.1	7.1	2.93	11.05	7.28
Other Current Liabilities	4.97	-	-	-	-
Total Current Liabilities	47.37	26.51	15.59	26.19	24.7
Long-Term Debt	-	-	-	-	0.81
Long-Term Deferred Tax Liabilities	1.15	1.91	2.68	3.45	-
Other Long-Term Liabilities	-0	0	-	-0	-0
Total Liabilities	48.52	28.42	18.27	29.63	25.51
Common Stock	2.18	1.87	1.87	1.87	1.84
Additional Paid-In Capital	497.45	426.15	426.15	426.15	416.72
Retained Earnings	-	-	-	-	-190.48
Comprehensive Income & Other	-382.35	-325.45	-274.71	-206.14	-
Shareholders' Equity	117.27	102.57	153.31	221.88	228.08
Total Liabilities & Equity	165.79	130.99	171.58	251.51	253.59
Total Debt	13.52	-	-	-	1.46
Net Cash (Debt)	73.63	40.75	89.33	185.43	209.69
Net Cash Growth	80.67%	-54.38%	-51.82%	-11.57%	169.31%
Net Cash Per Share	2.36	1.31	2.87	5.95	6.81
Filing Date Shares Outstanding	36.34	31.15	31.15	31.15	30.71
Total Common Shares Outstanding	36.34	31.15	31.15	31.15	30.71
Working Capital	78.59	47.6	97.26	191.39	207.52
Book Value Per Share	3.23	3.29	4.92	7.12	7.43
Tangible Book Value	111.66	93.22	140.22	205.13	227.96
Tangible Book Value Per Share	3.07	2.99	4.50	6.59	7.42
Machinery	-	14.38	14.34	12.7	12.85
Construction In Progress	-	2.22	0.43	0.6	-

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