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	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	40.57	41.42	91.88	77.33	17.67	44.93
Short-Term Investments	21	18	10	-	-	-
Cash & Short-Term Investments	61.57	59.42	101.88	77.33	17.67	44.93
Cash Growth	-35.54%	-41.67%	31.75%	337.76%	-60.68%	-5.37%
Accounts Receivable	38.58	34.17	46.85	54.56	64.84	47.15
Other Receivables	-	0.13	0.11	9.33	0.12	0.2
Receivables	38.58	34.8	46.95	63.89	69.96	48.46
Inventory	233.11	219.81	196.52	195.44	225.66	160.59
Prepaid Expenses	-	8.17	3.9	4.2	7.2	6.01
Other Current Assets	1.08	2.04	0.84	0.66	0.83	1.14
Total Current Assets	334.35	324.24	350.09	341.52	321.32	261.12
Property, Plant & Equipment	22.05	28.27	23.64	23.3	18.8	17.8
Long-Term Investments	32.36	32.04	21.65	22	12.9	7.71
Goodwill	-	0	0	0	0.07	0.07
Other Intangible Assets	0.69	0.71	0.34	0.33	0.4	0.52
Long-Term Accounts Receivable	-	17.86	32.9	24.49	22.98	24.07
Long-Term Deferred Tax Assets	3.16	2.87	5.06	3.3	0.69	0.62
Other Long-Term Assets	12.36	6.24	6.13	10.32	10.25	12.45
Total Assets	425.24	415.04	447.1	425.26	387.41	324.37
Accounts Payable	-	33.97	55.47	42.47	46.02	29.41
Accrued Expenses	-	19.77	23.82	21.51	20.26	16.27
Short-Term Debt	3.14	-	-	-	-	-
Current Portion of Long-Term Debt	-	1.95	20.27	18.58	48.49	10.77
Current Portion of Leases	-	1.13	1.03	1.09	1.2	0.87
Current Income Taxes Payable	0.81	0.51	7.1	4.26	1.24	0.68
Current Unearned Revenue	0	41.37	49.72	68.61	28.39	41.49
Other Current Liabilities	100.27	11.24	8.46	11.76	11.4	10.86
Total Current Liabilities	104.22	109.94	165.87	168.28	157	110.35
Long-Term Debt	45.94	26.71	8.61	31.83	39.13	38.35
Long-Term Leases	-	3.3	3.49	3.31	3.1	2.65
Long-Term Unearned Revenue	-	1.2	3.6	2.37	-	0.53
Long-Term Deferred Tax Liabilities	3.9	7.45	6.15	4.44	2.36	3.11
Other Long-Term Liabilities	6.43	5.87	5.12	3.13	2.13	2.37
Total Liabilities	160.49	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	257	252.66	246.37	204.96	177.04	160.1
Comprehensive Income & Other	-0.19	-0.02	-0.04	-0.84	-0.78	-0.79
Total Common Equity	264.74	260.57	254.26	212.06	184.19	167.24
Minority Interest	-	-	-	-0.16	-0.5	-0.23
Shareholders' Equity	264.74	260.57	254.26	211.9	183.69	167.01
Total Liabilities & Equity	425.24	415.04	447.1	425.26	387.41	324.37
Total Debt	49.08	33.09	33.41	54.82	91.92	52.64
Net Cash (Debt)	12.49	26.33	68.47	22.52	-74.26	-7.71
Net Cash Growth	-82.26%	-61.54%	204.13%	-	-	-
Net Cash Per Share	0.71	1.49	3.87	1.27	-4.20	-0.44
Filing Date Shares Outstanding	17.37	17.7	17.7	17.7	17.7	17.7
Total Common Shares Outstanding	17.37	17.7	17.7	17.7	17.7	17.7
Working Capital	230.13	214.3	184.22	173.24	164.33	150.77
Book Value Per Share	15.24	14.72	14.36	11.98	10.41	9.45
Tangible Book Value	264.05	259.85	253.92	211.72	183.72	166.64
Tangible Book Value Per Share	15.20	14.68	14.35	11.96	10.38	9.41
Land	-	1.27	1.27	1.27	1.27	0.71
Buildings	-	6.63	6.63	7.43	7.17	7.17
Machinery	-	21.42	16.91	17.48	18.37	17.91
Construction In Progress	-	3.12	1.26	0.63	0.91	0.74
Order Backlog	-	466.87	340.59	477.48	297.17	257.27

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