VEF AB Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	10.51	8.68	17.71	8.61	11.13
Short-Term Investments	-	0	0.01	-	0.04
Cash & Short-Term Investments	10.51	8.68	17.72	8.61	11.17
Cash Growth	21.06%	-51.00%	105.77%	-22.92%	163.51%
Other Receivables	0.32	0.12	0.46	0.51	0.45
Receivables	0.32	0.12	0.46	0.51	0.45
Prepaid Expenses	0.05	0.1	0.12	0.1	0.14
Total Current Assets	10.89	8.91	18.3	9.23	11.77
Property, Plant & Equipment	-	0.05	0.1	0.16	0.1
Long-Term Investments	452.78	383.67	463.91	420.68	750.95
Other Long-Term Assets	0.03	0.03	0.04	0.03	0.03
Total Assets	463.69	392.66	482.35	430.09	762.85
Accounts Payable	0.07	0.09	0.04	0.08	0.14
Accrued Expenses	0.24	0.44	1.08	1.16	0.87
Current Portion of Leases	-	0.05	0.05	0.05	0.06
Current Income Taxes Payable	0.12	0.05	0.06	-	0.05
Other Current Liabilities	25.85	-	-	-	0
Total Current Liabilities	26.27	0.64	1.23	1.28	1.12
Long-Term Debt	-	35.76	38.84	46.87	-
Long-Term Leases	-	-	0.05	0.11	-
Long-Term Deferred Tax Liabilities	3.6	3.3	-	-	-
Total Liabilities	29.87	39.7	40.12	48.26	1.12
Common Stock	1.35	1.34	1.32	1.32	1.31
Additional Paid-In Capital	91.24	95.8	95.22	94.89	97.44
Retained Earnings	341.23	255.82	345.69	285.62	662.98
Shareholders' Equity	433.82	352.96	442.23	381.83	761.73
Total Liabilities & Equity	463.69	392.66	482.35	430.09	762.85
Total Debt	-	35.81	38.94	47.03	0.06
Net Cash (Debt)	10.51	-27.13	-21.22	-38.42	11.11
Net Cash Growth	-	-	-	-	170.71%
Net Cash Per Share	0.01	-0.03	-0.02	-0.04	0.01
Filing Date Shares Outstanding	1,017	1,042	1,042	1,042	1,042
Total Common Shares Outstanding	1,017	1,042	1,042	1,042	1,042
Working Capital	-15.39	8.27	17.07	7.95	10.65
Book Value Per Share	0.43	0.34	0.42	0.37	0.73
Tangible Book Value	433.82	352.96	442.23	381.83	761.73
Tangible Book Value Per Share	0.43	0.34	0.42	0.37	0.73

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.