Gapwaves AB Balance Sheet

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	101.76	174.3	81.5	89.33	185.43	211.16
Cash & Short-Term Investments	101.76	174.3	81.5	89.33	185.43	211.16
Cash Growth	197.55%	113.85%	-8.76%	-51.82%	-12.18%	171.19%
Accounts Receivable	16.9	10.66	4.75	5.08	9.16	8.3
Other Receivables	3.7	3.42	3.69	3.2	1.92	1.75
Total Trade Receivables	20.6	14.08	8.44	8.29	11.08	10.04
Inventory	5.68	3.68	2.09	1.81	1.61	0.67
Other Current Assets	5.48	4.92	8.71	13.42	19.46	10.36
Total Current Assets	82.63	125.95	74.1	112.85	217.57	232.22
Net Property, Plant & Equipment	16.22	6.55	6.82	7.08	7.84	9.16
Other Intangible Assets	3.98	6.08	10.57	15.82	22.01	9.59
Long-Term Investments	1.7	9.99	17.46	32.48	0	2.63
Other Long-Term Assets	18.93	17.22	22.04	3.36	4.09	-
Total Assets	123.46	165.79	130.99	171.58	251.51	253.59
Accounts Payable	7.29	14.59	6.02	4.45	5.79	11.68
Accrued Expenses	11.13	12.52	11.81	7.05	8.63	4.55
Current Portion of Long-Term Debt	7.16	13.52	-	-	-	0.65
Unearned Revenue	1.68	1.1	1.18	-	-	-
Other Current Liabilities	4.34	5.63	7.5	4.09	11.77	7.82
Total Current Liabilities	31.6	47.37	26.51	15.59	26.19	24.7
Long-Term Debt	4.86	-	-	-	-	-
Other Long-Term Liabilities	0.77	1.15	1.91	2.68	3.45	0.81
Total Long-Term Liabilities	4.86	1.15	1.91	2.68	3.45	0.81
Total Liabilities	36.46	48.52	28.42	18.27	29.63	25.51
Common Stock	2.18	2.18	1.87	1.87	1.87	1.84
Additional Paid-in Capital	497.37	497.45	426.15	426.15	426.15	416.72
Accumulated Other Comprehensive Income	-	-	-	-	-	9.47
Retained Earnings	-413.31	-382.35	-325.45	-274.71	-206.13	-199.94
Shareholders' Equity	86.24	117.27	102.57	153.31	221.88	228.08
Total Liabilities & Equity	123.46	165.79	130.99	171.58	251.51	253.59
Total Debt	12.03	13.52	0	0	0	0.65
Net Cash (Debt)	89.73	160.78	81.5	89.33	185.43	210.51
Net Cash Growth	162.38%	97.26%	-8.76%	-51.82%	-11.91%	170.36%
Net Cash Per Share	2.65	5.16	2.62	2.82	5.95	6.84
Book Value	86.24	117.27	102.57	153.31	221.88	228.08
Book Value Per Share	2.55	3.77	3.29	4.84	7.12	7.41
Tangible Book Value	82.26	111.2	91.99	137.49	199.87	218.5
Tangible Book Value Per Share	2.43	3.57	2.95	4.34	6.42	7.10