VEF AB Balance Sheet

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

Millions USD. 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	9.76	10.51	8.68	17.71	8.61	11.13
Short-Term Investments	-	-	-	0.01	-	0.04
Cash & Short-Term Investments	9.76	10.51	8.68	17.72	8.61	11.17
Cash Growth	-56.26%	21.10%	-51.01%	105.77%	-22.92%	163.51%
Other Receivables	0.47	0.32	0.13	0.46	0.51	0.45
Receivables	0.47	0.32	0.13	0.46	0.51	0.45
Prepaid Expenses	0.08	0.05	0.1	0.12	0.1	0.14
Total Current Assets	10.31	10.89	8.91	18.3	9.23	11.77
Property, Plant & Equipment	-	-	0.05	0.1	0.16	0.1
Long-Term Investments	428.48	452.78	383.67	463.91	420.68	750.95
Other Long-Term Assets	0.03	0.03	0.03	0.04	0.03	0.03
Total Assets	438.81	463.69	392.66	482.35	430.09	762.85
Accounts Payable	0.03	0.07	0.09	0.04	0.08	0.14
Accrued Expenses	0.33	0.24	0.33	1.08	1.16	0.87
Current Portion of Long-Term Debt	-	25.72	-	-	-	-
Current Portion of Leases	-	-	-	0.05	0.05	0.06
Current Income Taxes Payable	0.08	0.12	0.05	0.06	-	0.05
Other Current Liabilities	26.21	0.13	0.16	-	-	0
Total Current Liabilities	26.64	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	3.6	3.3	-	-	-
Total Liabilities	30.24	29.87	39.7	40.12	48.26	1.12
Common Stock	1.35	1.35	1.34	1.32	1.32	1.31
Additional Paid-In Capital	91.33	91.24	95.8	95.22	94.89	97.44
Retained Earnings	315.88	341.23	255.82	345.69	285.62	662.98
Shareholders' Equity	408.57	433.82	352.96	442.23	381.83	761.73
Total Liabilities & Equity	438.81	463.69	392.66	482.35	430.09	762.85
Total Debt	-	25.72	35.76	38.94	47.03	0.06
Net Cash (Debt)	9.76	-15.21	-27.08	-21.22	-38.42	11.11
Net Cash Growth	-	-	-	-	-	170.71%
Net Cash Per Share	0.01	-0.01	-0.03	-0.02	-0.04	0.01
Filing Date Shares Outstanding	1,017	1,017	1,042	1,042	1,042	1,042
Total Common Shares Outstanding	1,017	1,017	1,042	1,042	1,042	1,042
Working Capital	-16.33	-15.39	8.27	17.07	7.95	10.65
Book Value Per Share	0.40	0.43	0.34	0.42	0.37	0.73
Tangible Book Value	408.57	433.82	352.96	442.23	381.83	761.73
Tangible Book Value Per Share	0.40	0.43	0.34	0.42	0.37	0.73

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