H. Lundbeck Balance Sheet

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

Millions DKK. 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	3,433	4,664	5,010	3,548	2,279
Cash & Short-Term Investments	3,433	4,664	5,010	3,548	2,279
Cash Growth	-26.39%	-6.91%	41.21%	55.68%	-41.92%
Accounts Receivable	3,605	3,432	2,965	2,709	2,459
Other Receivables	945	591	661	854	472
Receivables	4,550	4,023	3,626	3,563	2,931
Inventory	4,473	3,983	4,427	4,046	3,031
Prepaid Expenses	327	340	226	255	371
Total Current Assets	12,783	13,010	13,289	11,412	8,612
Property, Plant & Equipment	2,939	2,366	2,246	2,236	2,295
Long-Term Investments	-	67	99	173	57
Goodwill	-	9,832	5,507	5,667	5,377
Other Intangible Assets	35,780	30,335	15,185	16,833	17,373
Long-Term Deferred Tax Assets	236	266	238	230	193
Other Long-Term Assets	316	1,100	843	901	746
Total Assets	52,054	56,976	37,407	37,452	34,653
Accounts Payable	4,663	4,370	4,410	4,251	3,914
Accrued Expenses	10	2,163	1,222	1,041	708
Current Portion of Leases	74	82	86	88	86
Current Income Taxes Payable	693	316	571	535	519
Other Current Liabilities	3,413	1,649	1,701	2,284	3,591
Total Current Liabilities	8,853	8,580	7,990	8,199	8,818
Long-Term Debt	11,185	16,174	3,714	5,096	4,783
Long-Term Leases	395	437	351	395	453
Pension & Post-Retirement Benefits	188	223	216	213	288
Long-Term Deferred Tax Liabilities	5,336	5,530	2,283	2,152	1,448
Other Long-Term Liabilities	1,194	1,022	808	618	584
Total Liabilities	27,151	31,966	15,362	16,673	16,374
Common Stock	996	996	996	996	996
Retained Earnings	24,613	22,334	19,877	18,189	16,571
Comprehensive Income & Other	-706	1,680	1,172	1,594	712
Shareholders' Equity	24,903	25,010	22,045	20,779	18,279
Total Liabilities & Equity	52,054	56,976	37,407	37,452	34,653
Total Debt	11,654	16,693	4,151	5,579	5,322
Net Cash (Debt)	-8,221	-12,029	859	-2,031	-3,043
Net Cash Per Share	-8.29	-12.13	0.87	-2.05	-3.06
Filing Date Shares Outstanding	989.22	991.23	992.01	992.84	993.23
Total Common Shares Outstanding	989.22	991.23	992.01	992.84	993.23
Working Capital	3,930	4,430	5,299	3,213	-206
Book Value Per Share	25.17	25.23	22.22	20.93	18.40
Tangible Book Value	-10,877	-15,157	1,353	-1,721	-4,471
Tangible Book Value Per Share	-11.00	-15.29	1.36	-1.73	-4.50
Land	-	3,984	3,829	3,685	3,537
Machinery	-	3,176	3,047	2,898	2,894

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