Photon Energy 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	1.75	3.25	8.44	5.84	11.27	32.51
Short-Term Investments	-	-	-	-	3.71	3.23
Cash & Short-Term Investments	1.75	3.25	8.44	5.84	14.99	35.73
Cash Growth	-77.96%	-61.54%	44.52%	-61.04%	-58.06%	250.98%
Accounts Receivable	7.27	13.26	8.87	4.87	9.62	3.76
Other Receivables	21.91	16.08	20.85	17.68	11.49	7.44
Total Trade Receivables	29.17	29.34	29.72	22.55	21.11	11.2
Inventory	4.38	5.32	8.55	14.95	21.48	3.33
Other Current Assets	8.18	9.21	9.24	9.09	6.97	3.9
Total Current Assets	43.48	47.12	55.95	52.42	64.55	54.16
Net Property, Plant & Equipment	178.95	171.69	164.41	177.5	149	129.63
Other Intangible Assets	6.9	10.4	10.64	8.06	7.48	0.84
Goodwill	9.42	15.27	15.27	15.27	15.47	0
Long-Term Investments	18.42	18.59	19.12	18.84	9.33	11.36
Other Long-Term Assets	7.13	7.87	7.46	5.32	8.01	0.63
Total Assets	264.3	270.93	272.84	277.42	253.81	196.62
Accounts Payable	13.27	20.6	16.78	9.31	11.99	2.28
Accrued Expenses	11.8	9.1	5.48	5.25	6.61	2.2
Current Portion of Long-Term Debt	14.13	14.13	18.46	13.41	10.93	28.46
Current Portion of Leases	0.21	0.34	0.95	0.94	0.71	0.6
Unearned Revenue	3.69	3.62	2.6	0.66	0.59	0.42
Other Current Liabilities	1.01	1.1	0.85	0	2.71	0
Total Current Liabilities	44.11	48.89	45.11	29.57	33.54	33.96
Long-Term Debt	151.81	151.01	150.53	160.61	134.96	98.33
Long-Term Leases	4.17	5.05	4.49	4.18	2.91	1.68
Other Long-Term Liabilities	13.17	13.61	12.65	13.56	11.92	11.12
Total Long-Term Liabilities	169.15	169.67	167.66	178.35	149.79	111.12
Total Liabilities	213.26	218.56	212.77	207.92	183.33	145.08
Common Stock	0.61	0.61	0.61	0.61	0.6	0.6
Treasury Stock	-1.04	-1.05	-0.82	-0.83	-0.14	-0.04
Additional Paid-in Capital	41.08	41.08	40.73	40.69	40.52	31.44
Accumulated Other Comprehensive Income	80.68	67.89	57.66	58.01	45.1	44.36
Retained Earnings	-69.87	-55.77	-37.77	-28.72	-15.41	-24.68
Total Common Shareholders' Equity	51.47	52.77	60.41	69.77	70.67	51.69
Minority Interest	-0.43	-0.39	-0.34	-0.26	-0.2	-0.15
Shareholders' Equity	51.04	52.37	60.07	69.5	70.48	51.54
Total Liabilities & Equity	264.3	270.93	272.84	277.42	253.81	196.62