VAT Group AG Balance Sheet

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

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	115.29	140.94	158.12	144.11	174.37	127.15
Short-Term Investments	-	10.19	3.03	-	-	4.61
Cash & Short-Term Investments	115.29	151.13	161.15	144.11	174.37	131.76
Cash Growth	-23.72%	-6.21%	11.82%	-17.35%	32.33%	-8.97%
Accounts Receivable	175.61	125.77	141.06	108.75	163.2	124.55
Inventory	273.42	190.02	247.6	188.46	229.25	152.76
Other Current Assets	15.07	8.8	7.6	24.38	23.02	4.61
Total Current Assets	579.39	475.72	557.4	465.69	589.84	413.68
Net Property, Plant & Equipment	336.77	334.97	273.18	234.82	204.32	158.54
Other Intangible Assets	433.38	437.13	448.36	459.42	470.56	482.75
Long-Term Investments	8.15	5.3	3.94	0.89	0.88	0.86
Other Long-Term Assets	13.74	9.76	11.86	7.63	9.19	9.04
Total Assets	1,371	1,263	1,295	1,168	1,275	1,065
Accounts Payable	124.97	68.02	111.85	81.87	133.41	79.77
Accrued Expenses	59.81	47.81	59.25	36.78	42.36	43.95
Current Portion of Long-Term Debt	3.85	248.28	241.79	2.07	203	206.94
Other Current Liabilities	55.07	42.56	53.09	23.36	53.21	33.6
Total Current Liabilities	243.7	362.01	226.63	144.08	431.98	159.43
Long-Term Debt	393.05	203.63	2.44	-	-	2.11
Other Long-Term Liabilities	49.71	63.04	74.89	61.98	54.31	66.24
Total Long-Term Liabilities	442.76	107.7	314.24	267.21	62.49	271.07
Total Liabilities	686.46	469.71	540.87	411.3	494.47	430.5
Common Stock	3	3	3	3	3	3
Treasury Stock	-12.57	-12.71	-9.86	-6.8	-5.32	-4.5
Additional Paid-in Capital	0.34	0.34	0.34	0.34	0.34	6.48
Accumulated Other Comprehensive Income	-19.57	-11.27	-16.38	-7.57	1.22	4.61
Retained Earnings	713.75	813.81	776.77	768.18	781.07	624.79
Shareholders' Equity	684.96	793.17	753.88	757.16	780.32	634.37
Total Liabilities & Equity	1,371	1,263	1,295	1,168	1,275	1,065
Total Debt	396.9	451.91	244.23	2.07	203	209.05
Net Cash (Debt)	-281.61	-300.78	-83.08	142.04	-28.63	-77.29
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-9.38	-10.03	-2.77	4.73	-0.95	-2.57
Book Value	684.96	793.17	753.88	757.16	780.32	634.37
Book Value Per Share	22.81	26.44	25.13	25.24	26.00	21.13
Tangible Book Value	251.58	356.04	305.52	297.74	309.76	151.62
Tangible Book Value Per Share	8.38	11.87	10.19	9.92	10.32	5.05