Modelon 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	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	39.8	42.06	62.63	38.99	111.86	169.4
Short-Term Investments	-	-	-	20	-	-
Cash & Short-Term Investments	39.8	42.06	62.63	58.99	111.86	169.4
Cash Growth	-37.91%	-32.84%	6.16%	-47.26%	-33.97%	237.01%
Accounts Receivable	7.1	15.64	34.85	21.16	22.74	18.93
Other Receivables	3.9	1.07	2.02	2.01	2.92	3.63
Receivables	11	16.71	36.87	23.17	25.65	22.56
Prepaid Expenses	-	1.23	1.59	1.82	1.8	1.51
Other Current Assets	-	1.32	1.25	1.81	1.72	1.71
Total Current Assets	50.8	61.33	102.34	85.8	141.03	195.18
Property, Plant & Equipment	1.2	1.29	2.08	2.55	3.28	1.23
Other Intangible Assets	-	-	0.01	0.04	0.2	0.43
Long-Term Deferred Tax Assets	16.8	16.52	16.52	15.85	15.74	15.81
Other Long-Term Assets	0.1	-	-	-	-	-
Total Assets	68.9	79.14	120.96	104.23	160.26	212.65
Accounts Payable	2.6	1.6	2.46	5.38	5.13	4.31
Accrued Expenses	-	6.93	10.55	7.32	8.4	9.32
Current Income Taxes Payable	-	0.08	0.07	0.05	0.12	0.13
Current Unearned Revenue	-	32.48	50.62	34.98	33.13	23.2
Other Current Liabilities	-	4.76	10.74	2.6	3.65	2.59
Total Current Liabilities	2.6	45.85	74.44	50.33	50.42	39.55
Long-Term Deferred Tax Liabilities	-	-	0.01	0.01	0.01	-
Other Long-Term Liabilities	13	-	-	-	-	-
Total Liabilities	43.8	45.85	74.45	50.34	50.43	39.55
Common Stock	1.5	1.53	1.44	0.92	0.92	0.92
Additional Paid-In Capital	271.2	271.26	251.35	200.19	200.14	200.07
Comprehensive Income & Other	-247.6	-239.5	-206.28	-147.22	-91.24	-27.89
Shareholders' Equity	25.1	33.29	46.51	53.89	109.83	173.11
Total Liabilities & Equity	68.9	79.14	120.96	104.23	160.26	212.65
Net Cash (Debt)	39.8	42.06	62.63	58.99	111.86	169.4
Net Cash Growth	-37.91%	-32.84%	6.16%	-47.26%	-33.97%	237.01%
Net Cash Per Share	2.24	2.40	4.46	5.36	10.15	15.39
Filing Date Shares Outstanding	18.22	18.22	17.22	11.02	11.02	11.02
Total Common Shares Outstanding	18.22	18.22	17.22	11.02	11.02	11.02
Working Capital	48.2	15.48	27.89	35.46	90.61	155.63
Book Value Per Share	1.38	1.83	2.70	4.89	9.97	15.71
Tangible Book Value	25.1	33.29	46.5	53.86	109.63	172.68
Tangible Book Value Per Share	1.38	1.83	2.70	4.89	9.95	15.67
Machinery	-	6.04	7.37	7.34	8.34	5.49

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