Raval ACS Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	27.72	32.5	30.78	30.92	45.79
Short-Term Investments	-	-	-	8.74	-
Trading Asset Securities	5.56	4.15	0.03	0.18	1.51
Cash & Short-Term Investments	33.28	36.64	30.81	39.84	47.3
Cash Growth	-9.19%	18.94%	-22.66%	-15.78%	-14.25%
Accounts Receivable	36.93	43.64	37.56	46.83	42.56
Other Receivables	2.54	2.27	3.84	3.27	2.78
Receivables	39.47	45.92	41.41	50.1	45.33
Inventory	41.07	41.4	41.97	50.88	40.91
Prepaid Expenses	2.67	1.73	3.61	2.04	2.38
Other Current Assets	1.08	0.52	0.52	0.65	0.8
Total Current Assets	117.57	126.21	118.31	143.51	136.72
Property, Plant & Equipment	71.82	70.28	77.16	88.57	98.33
Long-Term Investments	6.23	-	0.02	0.28	0.77
Other Intangible Assets	0.9	0.89	1.03	1.26	1.55
Long-Term Deferred Tax Assets	2.26	2.58	2.15	2.48	3.18
Long-Term Deferred Charges	14.13	15.91	18.12	19.28	20.24
Other Long-Term Assets	2.26	2.51	0.88	0.94	0.9
Total Assets	215.16	218.38	217.66	256.31	261.68
Accounts Payable	16.46	17.03	20.37	25.27	22.92
Accrued Expenses	14.59	13.19	14.86	15.43	14.33
Short-Term Debt	29.78	39.38	27.15	41.76	42.59
Current Portion of Long-Term Debt	6	9.19	15.2	18.85	25.26
Current Portion of Leases	3.74	3.23	3.64	4.07	4.33
Current Income Taxes Payable	1.14	0.18	0.43	0.69	0.71
Current Unearned Revenue	2.8	0.99	1.1	3.73	2.18
Other Current Liabilities	0.15	0.52	0.64	1.94	0.76
Total Current Liabilities	74.66	83.7	83.39	111.74	113.07
Long-Term Debt	12.36	18.37	18.5	19.32	19.94
Long-Term Leases	23.46	15	16.43	19.5	18.45
Pension & Post-Retirement Benefits	1.37	1.36	1.33	1.2	1.11
Long-Term Deferred Tax Liabilities	2.19	1.67	1.64	1.61	2.09
Total Liabilities	114.05	120.08	121.3	153.37	154.66
Common Stock	1.66	1.66	1.66	1.66	1.66
Additional Paid-In Capital	38.94	38.85	38.81	38.81	38.81
Retained Earnings	57.53	56.7	57.66	62.57	65.26
Treasury Stock	-2.5	-2.5	-1.07	-	-
Comprehensive Income & Other	5.49	3.6	-0.7	-0.1	1.29
Shareholders' Equity	101.11	98.3	96.36	102.94	107.02
Total Liabilities & Equity	215.16	218.38	217.66	256.31	261.68
Total Debt	75.35	85.16	80.92	103.5	110.55
Net Cash (Debt)	-42.07	-48.51	-50.11	-63.66	-63.25
Net Cash Per Share	-0.51	-0.59	-0.59	-0.72	-0.74
Filing Date Shares Outstanding	82.03	82.03	82.03	85.4	85.4
Total Common Shares Outstanding	82.03	82.03	83.84	85.4	85.4
Working Capital	42.91	42.51	34.92	31.77	23.65
Book Value Per Share	1.23	1.20	1.15	1.21	1.25
Tangible Book Value	100.21	97.41	95.33	101.68	105.47
Tangible Book Value Per Share	1.22	1.19	1.14	1.19	1.24
Buildings	7.97	8.15	8.01	8.04	7.9
Machinery	198.04	199.91	190.86	189.68	187.59
Leasehold Improvements	15.85	15.99	15.29	14.43	13.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.