Arco Vara AS Balance Sheet

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

Millions EUR. 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	3.07	2.78	1.72	1.47	3.43	1.86
Cash & Short-Term Investments	3.07	2.78	1.72	1.47	3.43	1.86
Cash Growth	175.38%	61.86%	16.85%	-57.05%	83.95%	-15.32%
Accounts Receivable	6.97	0.16	5.69	0.3	0.12	0.09
Other Receivables	-	0	-	0.01	0.04	0.03
Receivables	6.97	0.17	5.69	0.31	0.16	0.12
Inventory	78.79	74.13	29.17	27.64	22.51	15.76
Prepaid Expenses	-	6.25	-	5.49	4.23	3.58
Other Current Assets	-	-	-	-	9.05	-
Total Current Assets	88.82	83.33	36.58	34.91	39.38	21.33
Property, Plant & Equipment	0.53	0.55	0.62	0.22	0.28	0.15
Other Intangible Assets	0.04	0.04	0.05	0.02	0.05	0.09
Other Long-Term Assets	2.31	2.31	2.31	0.04	0.1	9.95
Total Assets	91.7	86.24	39.57	35.19	39.81	31.51
Accounts Payable	-	3.22	1.63	0.74	1.16	0.67
Accrued Expenses	-	0.45	0.34	2.58	0.45	0.15
Short-Term Debt	-	-	0.06	1.15	0.16	0.39
Current Portion of Long-Term Debt	4.17	4.12	0.12	2.18	5.04	5.62
Current Portion of Leases	-	0.06	0.06	0.06	0.06	0.03
Current Income Taxes Payable	-	0.01	0	0	0	0.03
Current Unearned Revenue	-	4.02	2.16	0.56	1.93	1.4
Other Current Liabilities	11.07	1.22	0.48	0.22	0.13	0.12
Total Current Liabilities	15.24	13.09	4.85	7.48	8.94	8.41
Long-Term Debt	40.2	36.27	14.91	6.56	12.65	5.04
Long-Term Leases	-	0.01	0.07	0.13	0.18	0.11
Other Long-Term Liabilities	0.48	0.5	-	-	-	-
Total Liabilities	55.92	49.87	19.83	14.17	21.77	13.55
Common Stock	12.16	12.16	7.27	7.27	7.27	7.27
Additional Paid-In Capital	16.4	16.4	3.84	3.84	3.84	3.84
Retained Earnings	7.2	7.78	8.6	9.85	6.93	6.86
Comprehensive Income & Other	0.03	0.03	0.03	0.06	-	-
Total Common Equity	35.79	36.36	19.74	21.02	18.04	17.96
Shareholders' Equity	35.79	36.36	19.74	21.02	18.04	17.96
Total Liabilities & Equity	91.7	86.24	39.57	35.19	39.81	31.51
Total Debt	44.37	40.46	15.22	10.08	18.09	11.18
Net Cash (Debt)	-41.3	-37.68	-13.5	-8.61	-14.66	-9.32
Net Cash Per Share	-2.38	-2.17	-1.30	-0.82	-1.40	-0.99
Filing Date Shares Outstanding	17.37	17.37	10.39	10.39	10.39	10.39
Total Common Shares Outstanding	17.37	17.37	10.39	10.39	10.39	10.39
Working Capital	73.58	70.24	31.73	27.42	30.44	12.91
Book Value Per Share	2.06	2.09	1.90	2.02	1.74	1.73
Tangible Book Value	35.75	36.32	19.69	20.99	17.99	17.88
Tangible Book Value Per Share	2.06	2.09	1.90	2.02	1.73	1.72
Land	-	0.47	0.47	0.29	0.29	0.14
Machinery	-	0.35	0.34	0.2	0.2	0.17

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