VBG Group 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	1,118	1,109	949.66	885.95	498.85	667.45
Short-Term Investments	-	0.42	14.05	11.78	-	-
Cash & Short-Term Investments	1,118	1,109	963.71	897.73	498.85	667.45
Cash Growth	20.80%	15.09%	7.35%	79.96%	-25.26%	-25.80%
Accounts Receivable	959.3	783.16	711.87	826.38	673.09	524.09
Other Receivables	188.1	209.21	147.45	140.69	144.18	79.34
Receivables	1,147	992.37	859.32	967.07	817.26	603.42
Inventory	997.9	896.05	952.16	1,039	1,111	819.33
Prepaid Expenses	61.5	38.21	43.1	34.51	24.34	15.83
Other Current Assets	0.3	8.33	8.59	-	-	3.97
Total Current Assets	3,325	3,044	2,827	2,938	2,451	2,110
Property, Plant & Equipment	1,476	1,405	1,301	772.58	888.93	486.63
Goodwill	1,661	1,640	1,323	1,291	1,227	1,170
Other Intangible Assets	937	935.9	910.73	939.37	821.06	839.22
Long-Term Deferred Tax Assets	49.9	48.87	64.17	27.47	24.28	57.87
Other Long-Term Assets	3.3	3.04	2.53	0.92	-	-
Total Assets	7,452	7,077	6,429	5,970	5,412	4,664
Accounts Payable	384.6	239.23	240.3	322.49	323.28	225.69
Accrued Expenses	293.2	159.84	174.17	189.98	167.61	129.77
Current Portion of Leases	59.2	60.11	60.7	55.25	49.06	22.63
Current Income Taxes Payable	67.8	59	79.65	95.51	49.76	16.09
Other Current Liabilities	36.1	151.01	101.15	76.91	64.7	76.56
Total Current Liabilities	840.9	669.19	655.98	740.13	654.4	470.74
Long-Term Debt	1,522	1,505	861.99	730.48	576.02	752.46
Long-Term Leases	184.6	186.89	232.02	238.38	398.95	95.82
Pension & Post-Retirement Benefits	205.8	203.64	223.58	202.1	196.89	252.09
Long-Term Deferred Tax Liabilities	305.9	302.36	302.75	231.44	213.38	240.16
Other Long-Term Liabilities	242.7	245.55	120.03	151.54	84.09	58.73
Total Liabilities	3,302	3,112	2,396	2,294	2,124	1,870
Common Stock	65.5	65.49	65.49	65.49	65.49	65.49
Additional Paid-In Capital	781.3	781.32	781.32	781.32	781.32	781.32
Retained Earnings	3,251	3,138	2,882	2,580	2,153	1,859
Comprehensive Income & Other	51.8	-19.63	303.58	248.88	288.02	87.41
Shareholders' Equity	4,150	3,965	4,032	3,676	3,288	2,794
Total Liabilities & Equity	7,452	7,077	6,429	5,970	5,412	4,664
Total Debt	1,766	1,752	1,155	1,024	1,024	870.9
Net Cash (Debt)	-648.6	-642.61	-191	-126.38	-525.19	-203.45
Net Cash Per Share	-25.94	-25.70	-7.64	-5.05	-21.00	-8.14
Filing Date Shares Outstanding	25	25	25	25	25	25
Total Common Shares Outstanding	25	25	25	25	25	25
Working Capital	2,484	2,375	2,171	2,198	1,797	1,639
Book Value Per Share	165.96	158.58	161.27	147.02	131.51	111.72
Tangible Book Value	1,552	1,389	1,799	1,445	1,240	784.51
Tangible Book Value Per Share	62.07	55.55	71.94	57.80	49.61	31.38
Buildings	-	933.99	827.34	367.09	300.31	275.54
Machinery	-	887.54	788.44	679.34	616.3	515.18
Construction In Progress	-	37.76	47.43	14.93	29.63	8.3

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