AS Merko Ehitus 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	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	39.59	41.42	91.88	77.33	17.67	44.93
Short-Term Investments	6	18	10	-	-	-
Cash & Short-Term Investments	45.59	59.42	101.88	77.33	17.67	44.93
Cash Growth	-6.69%	-41.67%	31.75%	337.76%	-60.68%	-5.37%
Accounts Receivable	51.5	34.17	46.85	54.56	64.84	47.15
Other Receivables	0.1	0.13	0.11	9.33	0.12	0.2
Receivables	51.6	34.8	46.95	63.89	69.96	48.46
Inventory	245.85	219.81	196.52	195.44	225.66	160.59
Prepaid Expenses	6.4	8.17	3.9	4.2	7.2	6.01
Other Current Assets	1.97	2.04	0.84	0.66	0.83	1.14
Total Current Assets	351.42	324.24	350.09	341.52	321.32	261.12
Property, Plant & Equipment	21.77	28.27	23.64	23.3	18.8	17.8
Long-Term Investments	29.49	32.04	21.65	22	12.9	7.71
Goodwill	0	0	0	0	0.07	0.07
Other Intangible Assets	0.61	0.71	0.34	0.33	0.4	0.52
Long-Term Accounts Receivable	17.03	17.86	32.9	24.49	22.98	24.07
Long-Term Deferred Tax Assets	3.22	2.87	5.06	3.3	0.69	0.62
Other Long-Term Assets	11.24	6.24	6.13	10.32	10.25	12.45
Total Assets	437.85	415.04	447.1	425.26	387.41	324.37
Accounts Payable	37.64	33.97	55.47	42.47	46.02	29.41
Accrued Expenses	16.8	19.77	23.82	21.51	20.26	16.27
Current Portion of Long-Term Debt	6.67	1.95	20.27	18.58	48.49	10.77
Current Portion of Leases	1.16	1.13	1.03	1.09	1.2	0.87
Current Income Taxes Payable	0.11	0.51	7.1	4.26	1.24	0.68
Current Unearned Revenue	40.79	41.37	49.72	68.61	28.39	41.49
Other Current Liabilities	12.2	11.24	8.46	11.76	11.4	10.86
Total Current Liabilities	115.36	109.94	165.87	168.28	157	110.35
Long-Term Debt	58.09	26.71	8.61	31.83	39.13	38.35
Long-Term Leases	3.25	3.3	3.49	3.31	3.1	2.65
Long-Term Unearned Revenue	0.71	1.2	3.6	2.37	-	0.53
Long-Term Deferred Tax Liabilities	3.92	7.45	6.15	4.44	2.36	3.11
Other Long-Term Liabilities	5.38	5.87	5.12	3.13	2.13	2.37
Total Liabilities	186.71	154.47	192.84	213.36	203.72	157.36
Common Stock	7.93	7.93	7.93	7.93	7.93	7.93
Retained Earnings	243.38	252.66	246.37	204.96	177.04	160.1
Comprehensive Income & Other	-0.16	-0.02	-0.04	-0.84	-0.78	-0.79
Total Common Equity	251.14	260.57	254.26	212.06	184.19	167.24
Minority Interest	-	-	-	-0.16	-0.5	-0.23
Shareholders' Equity	251.14	260.57	254.26	211.9	183.69	167.01
Total Liabilities & Equity	437.85	415.04	447.1	425.26	387.41	324.37
Total Debt	69.17	33.09	33.41	54.82	91.92	52.64
Net Cash (Debt)	-23.58	26.33	68.47	22.52	-74.26	-7.71
Net Cash Growth	-	-61.54%	204.13%	-	-	-
Net Cash Per Share	-1.33	1.49	3.87	1.27	-4.20	-0.44
Filing Date Shares Outstanding	17.7	17.7	17.7	17.7	17.7	17.7
Total Common Shares Outstanding	17.7	17.7	17.7	17.7	17.7	17.7
Working Capital	236.06	214.3	184.22	173.24	164.33	150.77
Book Value Per Share	14.19	14.72	14.36	11.98	10.41	9.45
Tangible Book Value	250.54	259.85	253.92	211.72	183.72	166.64
Tangible Book Value Per Share	14.15	14.68	14.35	11.96	10.38	9.41
Land	1.27	1.27	1.27	1.27	1.27	0.71
Buildings	10.72	6.63	6.63	7.43	7.17	7.17
Machinery	27.56	21.42	16.91	17.48	18.37	17.91
Construction In Progress	0.49	3.12	1.26	0.63	0.91	0.74
Order Backlog	-	466.87	340.59	477.48	297.17	257.27