VAT Group AG Balance Sheet

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

Millions CHF. 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	140.94	158.12	144.11	174.37	127.15
Short-Term Investments	0.04	0.03	0.04	0.04	0.03
Cash & Short-Term Investments	140.98	158.15	144.15	174.4	127.19
Cash Growth	-10.86%	9.72%	-17.35%	37.12%	-7.77%
Accounts Receivable	113.54	131.52	98.61	151.67	116.12
Other Receivables	15.08	11.53	12.06	14.14	8.99
Receivables	128.61	143.05	110.67	165.81	125.11
Inventory	190.02	247.6	188.46	229.25	152.76
Prepaid Expenses	5.95	5.6	4.38	9.62	4.05
Other Current Assets	10.15	3	18.05	10.76	4.58
Total Current Assets	475.72	557.4	465.69	589.84	413.68
Property, Plant & Equipment	334.97	273.18	234.82	204.32	158.54
Long-Term Investments	5.3	3.94	0.89	0.88	0.86
Goodwill	183.92	183.92	183.92	183.92	183.92
Other Intangible Assets	229.41	233.57	252.32	266.56	278.21
Long-Term Deferred Tax Assets	7.05	9.22	4.98	6.36	5.35
Long-Term Deferred Charges	23.79	30.87	23.18	20.08	20.62
Other Long-Term Assets	2.71	2.65	2.65	2.83	3.69
Total Assets	1,263	1,295	1,168	1,275	1,065
Accounts Payable	31.99	72.44	50.51	83.99	50.31
Accrued Expenses	54.96	75.97	47.49	54.77	54.63
Current Portion of Long-Term Debt	198.16	-	-	199.85	-
Current Portion of Leases	5.47	2.44	2.07	3.15	2.11
Current Income Taxes Payable	39.23	31.13	20.61	47.7	30.15
Current Unearned Revenue	0.19	0.19	-	0.01	0.13
Other Current Liabilities	32.02	44.46	23.41	42.5	22.12
Total Current Liabilities	362.01	226.63	144.08	431.98	159.43
Long-Term Debt	1.44	229.34	198.98	0.08	199.72
Long-Term Leases	43.21	10.01	6.25	8.1	5.12
Pension & Post-Retirement Benefits	21.19	31.81	16.94	2.74	13.8
Long-Term Deferred Tax Liabilities	38.11	40.9	43.49	49.36	49.82
Other Long-Term Liabilities	3.75	2.18	1.55	2.21	2.62
Total Liabilities	469.71	540.87	411.3	494.47	430.5
Common Stock	3	3	3	3	3
Additional Paid-In Capital	0.34	0.34	0.34	0.34	6.48
Retained Earnings	813.81	776.77	768.18	781.07	624.79
Treasury Stock	-12.71	-9.86	-6.8	-5.32	-4.5
Comprehensive Income & Other	-11.27	-16.38	-7.57	1.22	4.61
Shareholders' Equity	793.17	753.88	757.16	780.32	634.37
Total Liabilities & Equity	1,263	1,295	1,168	1,275	1,065
Total Debt	248.28	241.79	207.31	211.18	206.94
Net Cash (Debt)	-107.3	-83.63	-63.16	-36.78	-79.76
Net Cash Per Share	-3.58	-2.79	-2.11	-1.23	-2.66
Filing Date Shares Outstanding	29.97	29.98	29.98	29.98	29.99
Total Common Shares Outstanding	29.97	29.98	29.98	29.98	29.99
Working Capital	113.71	330.77	321.61	157.86	254.26
Book Value Per Share	26.47	25.15	25.26	26.03	21.16
Tangible Book Value	379.83	336.39	320.92	329.84	172.24
Tangible Book Value Per Share	12.68	11.22	10.70	11.00	5.74
Land	14.27	14.57	13.75	14.86	7.88
Buildings	187.66	144.58	96.43	96.76	95.86
Machinery	230.33	201.53	165.91	150.94	144.19
Construction In Progress	48.38	75.17	101.42	72.36	31.14
Order Backlog	-	-	291.6	517.7	461.2

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