Modelon AB Balance Sheet

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	51.8	62.63	38.99	111.86	169.4	50.27
Short-Term Investments	-	-	20	-	-	-
Cash & Short-Term Investments	51.8	62.63	58.99	111.86	169.4	50.27
Cash Growth	-29.81%	6.16%	-47.26%	-33.97%	237.01%	98.03%
Accounts Receivable	6.1	34.85	21.16	22.74	18.93	31.37
Other Receivables	4.6	2.02	2.01	2.92	3.63	6.03
Receivables	10.7	36.87	23.17	25.65	22.56	37.39
Prepaid Expenses	-	1.59	1.82	1.8	1.51	1.83
Other Current Assets	0.1	1.25	1.81	1.72	1.71	1.54
Total Current Assets	62.6	102.34	85.8	141.03	195.18	91.02
Property, Plant & Equipment	1.4	2.08	2.55	3.28	1.23	1.56
Other Intangible Assets	-	0.01	0.04	0.2	0.43	0.67
Long-Term Deferred Tax Assets	16.3	16.52	15.85	15.74	15.81	5.09
Other Long-Term Assets	-0.1	-	-	-	-	-
Total Assets	80.2	120.96	104.23	160.26	212.65	98.35
Accounts Payable	1.3	2.46	5.38	5.13	4.31	4.82
Accrued Expenses	-	10.55	7.32	8.4	9.32	10.15
Current Income Taxes Payable	-	0.07	0.05	0.12	0.13	0.82
Current Unearned Revenue	-	50.62	34.98	33.13	23.2	14.1
Other Current Liabilities	-	10.74	2.6	3.65	2.59	5.55
Total Current Liabilities	1.3	74.44	50.33	50.42	39.55	35.44
Long-Term Deferred Tax Liabilities	-	0.01	0.01	0.01	-	-
Other Long-Term Liabilities	17.3	-	-	-	-	-
Total Liabilities	41.8	74.45	50.34	50.43	39.55	35.44
Common Stock	1.5	1.44	0.92	0.92	0.92	0.64
Additional Paid-In Capital	271.1	251.35	200.19	200.14	200.07	62.59
Comprehensive Income & Other	-234.2	-206.28	-147.22	-91.24	-27.89	-0.32
Shareholders' Equity	38.4	46.51	53.89	109.83	173.11	62.91
Total Liabilities & Equity	80.2	120.96	104.23	160.26	212.65	98.35
Net Cash (Debt)	51.8	62.63	58.99	111.86	169.4	50.27
Net Cash Growth	-29.81%	6.16%	-47.26%	-33.97%	237.01%	98.03%
Net Cash Per Share	2.99	4.46	5.36	10.15	15.39	6.63
Filing Date Shares Outstanding	18.22	17.22	11.02	11.02	11.02	7.59
Total Common Shares Outstanding	18.22	17.22	11.02	11.02	11.02	7.59
Working Capital	61.3	27.89	35.46	90.61	155.63	55.59
Book Value Per Share	2.11	2.70	4.89	9.97	15.71	8.29
Tangible Book Value	38.4	46.5	53.86	109.63	172.68	62.24
Tangible Book Value Per Share	2.11	2.70	4.89	9.95	15.67	8.20
Machinery	-	7.37	7.34	8.34	5.49	5.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.