MilDef Group 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	148.6	530.4	81.5	59.9	169.2
Cash & Short-Term Investments	148.6	530.4	81.5	59.9	169.2
Cash Growth	-71.98%	550.80%	36.06%	-64.60%	261.54%
Accounts Receivable	513.9	351.5	326.7	274.1	146.1
Other Receivables	140	52.4	37.5	41.9	25.7
Receivables	653.9	403.9	364.2	316	171.8
Inventory	531.8	234.4	290.2	236.5	85.8
Prepaid Expenses	-	12.9	9.8	8.3	4.8
Other Current Assets	-	0.6	3	1	0.1
Total Current Assets	1,334	1,182	748.7	621.7	431.7
Property, Plant & Equipment	254.6	90.4	122	102.3	74.3
Goodwill	-	-	-	466.6	201.2
Other Intangible Assets	1,265	378.9	576.7	132.5	84.5
Long-Term Deferred Tax Assets	41.5	19.2	9.5	14.3	5.6
Long-Term Deferred Charges	8.4	12.7	68.5	56.2	10.7
Other Long-Term Assets	3.5	0.3	0.3	0.3	0.2
Total Assets	2,907	1,684	1,526	1,394	808.2
Accounts Payable	169.8	85.6	114	105.1	39.5
Accrued Expenses	-	37.7	47.3	38.5	23.9
Current Portion of Long-Term Debt	98	31.4	131.4	53.1	9.7
Current Portion of Leases	39.7	25.8	27.1	16.2	8.6
Current Income Taxes Payable	-	28.8	9.2	11.2	5.4
Current Unearned Revenue	-	103.2	57.4	38.9	12.8
Other Current Liabilities	339.9	81.4	53.3	62.5	32.8
Total Current Liabilities	647.4	393.9	439.7	325.5	132.7
Long-Term Debt	452.3	102.5	132.5	174.8	31.7
Long-Term Leases	182.8	60.7	76.4	70.6	52.1
Long-Term Deferred Tax Liabilities	105	24.8	32.6	35.1	23.5
Other Long-Term Liabilities	-	0.1	-0.1	-	-
Total Liabilities	1,388	582	681.1	606	240
Common Stock	1,519	11.4	10	10	9.1
Additional Paid-In Capital	-	1,223	729.3	729.3	507
Retained Earnings	-	-131.7	108.6	39.6	52.7
Comprehensive Income & Other	-	-0.8	-3.3	9	-0.6
Shareholders' Equity	1,519	1,102	844.6	787.9	568.2
Total Liabilities & Equity	2,907	1,684	1,526	1,394	808.2
Total Debt	772.8	220.4	367.4	314.7	102.1
Net Cash (Debt)	-624.2	310	-285.9	-254.8	67.1
Net Cash Per Share	-13.32	7.64	-7.09	-6.73	2.56
Filing Date Shares Outstanding	47.09	45.57	39.86	39.86	36.39
Total Common Shares Outstanding	47.09	45.57	39.86	39.86	36.39
Working Capital	686.9	788.3	309	296.2	299
Book Value Per Share	32.26	24.17	21.19	19.77	15.61
Tangible Book Value	254.8	722.8	267.9	188.8	282.5
Tangible Book Value Per Share	5.41	15.86	6.72	4.74	7.76
Machinery	-	29.4	28.8	20.5	15.9
Leasehold Improvements	-	12.8	10.8	9.9	7.8
Order Backlog	3,595	2,055	1,327	-	732

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