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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	26.44	168.19	174.8	171.93	106.01	41.47	Upgrade
Short-Term Investments	166.26	170	-	66.74	20	-	Upgrade
Cash & Short-Term Investments	192.7	338.19	174.8	238.67	126.01	41.47	Upgrade
Cash Growth	-52.00%	93.47%	-26.76%	89.40%	203.88%	-32.30%	Upgrade
Accounts Receivable	6.02	16.48	29.48	18.37	6.69	8.03	Upgrade
Other Receivables	5.05	38.84	362.25	90.48	25.34	7.88	Upgrade
Receivables	11.07	55.32	391.73	108.85	32.03	15.91	Upgrade
Inventory	254.85	271.44	191.31	370.71	25.79	8.4	Upgrade
Prepaid Expenses	2.99	15.41	14.58	4.02	6.81	5.4	Upgrade
Total Current Assets	461.6	680.35	772.42	722.25	190.64	71.18	Upgrade
Property, Plant & Equipment	1,100	1,045	964.4	845.32	1,022	608.29	Upgrade
Long-Term Investments	298.03	62.03	61.6	32.69	315.9	311.05	Upgrade
Other Long-Term Assets	-	6.04	6.04	6.04	39.62	39.62	Upgrade
Total Assets	1,860	1,794	1,804	1,606	1,568	1,030	Upgrade
Accounts Payable	7.2	23.54	23.72	30.53	7.95	10.81	Upgrade
Accrued Expenses	61.15	26.63	11.16	4.85	3.53	3.85	Upgrade
Short-Term Debt	-	-	-	-	-	3.94	Upgrade
Current Portion of Long-Term Debt	19.86	19.86	25.38	17.34	5.22	20.52	Upgrade
Current Income Taxes Payable	7.68	1.7	0.75	-	5.46	4.03	Upgrade
Current Unearned Revenue	-	76.24	88.39	24.36	25.1	21.81	Upgrade
Other Current Liabilities	0.89	0.66	17.44	5.23	0.73	0.49	Upgrade
Total Current Liabilities	96.78	148.62	166.83	82.31	47.98	65.45	Upgrade
Long-Term Debt	408.06	323.12	331.6	86.69	183.6	201.09	Upgrade
Long-Term Deferred Tax Liabilities	7.38	7.38	1.18	4.2	20.37	4.36	Upgrade
Total Liabilities	512.21	479.11	499.62	173.2	251.95	270.9	Upgrade
Common Stock	659.67	659.67	659.67	659.67	659.67	435.48	Upgrade
Additional Paid-In Capital	553.79	579.79	579.79	553.79	553.79	253.73	Upgrade
Retained Earnings	32.58	-	-	-	102.95	70.02	Upgrade
Comprehensive Income & Other	101.26	75.26	65.37	219.64	-	-	Upgrade
Shareholders' Equity	1,347	1,315	1,305	1,433	1,316	759.23	Upgrade
Total Liabilities & Equity	1,860	1,794	1,804	1,606	1,568	1,030	Upgrade
Total Debt	427.92	342.97	356.98	104.03	188.82	225.55	Upgrade
Net Cash (Debt)	-235.22	-4.79	-182.18	134.64	-62.8	-184.08	Upgrade
Net Cash Per Share	-2.97	-0.06	-2.30	1.70	-0.84	-4.14	Upgrade
Filing Date Shares Outstanding	87.56	79.16	79.16	79.16	79.16	52.26	Upgrade
Total Common Shares Outstanding	87.56	79.16	79.16	79.16	79.16	52.26	Upgrade
Working Capital	364.83	531.73	605.58	639.94	142.66	5.73	Upgrade
Book Value Per Share	15.39	16.61	16.48	18.10	16.63	14.53	Upgrade
Tangible Book Value	1,347	1,315	1,305	1,433	1,316	759.23	Upgrade
Tangible Book Value Per Share	15.39	16.61	16.48	18.10	16.63	14.53	Upgrade
Land	-	676.16	676.16	557.76	294.54	155.33	Upgrade
Buildings	-	315.14	302.53	289.8	475.29	353.99	Upgrade
Machinery	-	117.13	65.84	58.63	127.35	52.85	Upgrade
Construction In Progress	-	35.95	4.55	7.79	176.91	85.6	Upgrade

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