Velan Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	53.35	34.87	36.45	50.51	54.02
Short-Term Investments	0.37	0.36	5.27	0.04	8.73
Cash & Short-Term Investments	53.73	35.23	41.72	50.55	62.74
Cash Growth	52.50%	-15.55%	-17.48%	-19.43%	-16.31%
Accounts Receivable	75.37	62.61	119.91	121.05	115.83
Other Receivables	5.51	5.62	6.13	6.2	2.96
Total Trade Receivables	80.88	68.23	126.05	127.25	118.79
Inventory	147.14	134.97	208.7	202.65	223.2
Other Current Assets	3.4	180.48	10.55	7.67	7.43
Total Current Assets	285.14	418.9	387.01	388.11	412.16
Net Property, Plant & Equipment	50.94	51.35	69.92	68.21	73.91
Other Intangible Assets	4.48	5.89	16.54	16.15	16.69
Other Long-Term Assets	6.05	25.82	5.92	5.39	5.67
Total Assets	346.61	501.97	479.39	477.86	508.43
Accounts Payable	85.09	78.78	88.23	79.41	80.5
Short-Term Debt	11.86	2.51	-	0.26	0.55
Current Portion of Long-Term Debt	3.74	2.1	24.43	8.18	8.11
Current Portion of Leases	1.59	1.44	1.61	1.3	1.36
Unearned Revenue	20.21	22.34	30.4	28.2	41.34
Other Current Liabilities	11.69	267.14	15.72	19.62	22.81
Total Current Liabilities	134.18	374.29	160.39	136.96	154.68
Long-Term Debt	14.49	14.11	4.35	21.72	22.93
Long-Term Leases	3.97	4.73	11.04	9.46	11.07
Other Long-Term Liabilities	11.87	10.1	120.37	108.89	54.24
Total Long-Term Liabilities	30.32	28.94	135.75	140.06	88.24
Total Liabilities	164.5	403.23	296.13	277.02	242.92
Shareholders' Equity	182.1	98.74	183.26	200.84	265.51
Total Liabilities & Equity	346.61	501.97	479.39	477.86	508.43
Total Debt	35.65	24.88	41.42	40.91	44.02
Net Cash (Debt)	18.08	10.36	0.3	9.64	18.72
Net Cash Growth	74.58%	3398.31%	-96.93%	-48.52%	-
Net Cash Per Share	0.84	0.48	0.01	0.45	0.87
Tangible Book Value	-4.48	-5.89	-16.54	-16.15	-16.69
Tangible Book Value Per Share	-0.21	-0.27	-0.77	-0.75	-0.77