Train Alliance 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	26.44	168.19	174.8	171.93	106.01	41.47
Short-Term Investments	166.26	170	-	66.74	20	-
Cash & Short-Term Investments	192.7	338.19	174.8	238.67	126.01	41.47
Cash Growth	-52.00%	93.47%	-26.76%	89.40%	203.88%	-32.30%
Accounts Receivable	6.02	16.48	29.48	18.37	6.69	8.03
Other Receivables	5.05	38.84	362.25	90.48	25.34	7.88
Receivables	11.07	55.32	391.73	108.85	32.03	15.91
Inventory	254.85	271.44	191.31	370.71	25.79	8.4
Prepaid Expenses	2.99	15.41	14.58	4.02	6.81	5.4
Total Current Assets	461.6	680.35	772.42	722.25	190.64	71.18
Property, Plant & Equipment	1,100	1,045	964.4	845.32	1,022	608.29
Long-Term Investments	298.03	62.03	61.6	32.69	315.9	311.05
Other Long-Term Assets	-	6.04	6.04	6.04	39.62	39.62
Total Assets	1,860	1,794	1,804	1,606	1,568	1,030
Accounts Payable	7.2	23.54	23.72	30.53	7.95	10.81
Accrued Expenses	61.15	26.63	11.16	4.85	3.53	3.85
Short-Term Debt	-	-	-	-	-	3.94
Current Portion of Long-Term Debt	19.86	19.86	25.38	17.34	5.22	20.52
Current Income Taxes Payable	7.68	1.7	0.75	-	5.46	4.03
Current Unearned Revenue	-	76.24	88.39	24.36	25.1	21.81
Other Current Liabilities	0.89	0.66	17.44	5.23	0.73	0.49
Total Current Liabilities	96.78	148.62	166.83	82.31	47.98	65.45
Long-Term Debt	408.06	323.12	331.6	86.69	183.6	201.09
Long-Term Deferred Tax Liabilities	7.38	7.38	1.18	4.2	20.37	4.36
Total Liabilities	512.21	479.11	499.62	173.2	251.95	270.9
Common Stock	659.67	659.67	659.67	659.67	659.67	435.48
Additional Paid-In Capital	553.79	579.79	579.79	553.79	553.79	253.73
Retained Earnings	32.58	-	-	-	102.95	70.02
Comprehensive Income & Other	101.26	75.26	65.37	219.64	-	-
Shareholders' Equity	1,347	1,315	1,305	1,433	1,316	759.23
Total Liabilities & Equity	1,860	1,794	1,804	1,606	1,568	1,030
Total Debt	427.92	342.97	356.98	104.03	188.82	225.55
Net Cash (Debt)	-235.22	-4.79	-182.18	134.64	-62.8	-184.08
Net Cash Per Share	-2.97	-0.06	-2.30	1.70	-0.84	-4.14
Filing Date Shares Outstanding	87.56	79.16	79.16	79.16	79.16	52.26
Total Common Shares Outstanding	87.56	79.16	79.16	79.16	79.16	52.26
Working Capital	364.83	531.73	605.58	639.94	142.66	5.73
Book Value Per Share	15.39	16.61	16.48	18.10	16.63	14.53
Tangible Book Value	1,347	1,315	1,305	1,433	1,316	759.23
Tangible Book Value Per Share	15.39	16.61	16.48	18.10	16.63	14.53
Land	-	676.16	676.16	557.76	294.54	155.33
Buildings	-	315.14	302.53	289.8	475.29	353.99
Machinery	-	117.13	65.84	58.63	127.35	52.85
Construction In Progress	-	35.95	4.55	7.79	176.91	85.6

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