Photon Energy N.V. (WSE:PEN)

Photon Energy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2.4	3.25	8.44	5.84	11.27	32.51
Trading Asset Securities	-	-	1.65	2.01	5.17	2.3
Accounts Receivable	12.02	14.29	10.68	5.73	10.78	4.89
Other Receivables	14.6	14.58	11.81	10	3.87	1.99
Inventory	3.62	4.29	6.75	14.09	20.33	2.2
Prepaid Expenses	4.85	1.9	1.27	1.29	0.6	0.27
Loans Receivable Current	2.97	1.51	2.83	2.82	2.45	1.81
Other Current Assets	6.41	7.31	12.53	10.65	10.09	8.2
Total Current Assets	46.87	47.12	55.95	52.42	64.55	54.16
Property, Plant & Equipment	179.6	171.69	164.41	177.5	149	129.63
Goodwill	9.42	15.27	15.27	15.27	15.27	-
Other Intangible Assets	6.76	10.4	10.64	8.06	7.54	0.84
Long-Term Investments	2.55	18.59	19.12	18.84	9.33	11.36
Long-Term Deferred Tax Assets	4.85	4.96	4.42	2.78	1.6	-
Other Long-Term Assets	18.38	2.91	3.04	2.55	6.41	0.63
Total Assets	268.43	270.93	272.84	277.42	253.69	196.62

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	14.78	20.6	16.78	9.31	11.99	2.28
Accrued Expenses	-	-	2.73	1.89	1.29	0.55
Short-Term Debt	15.25	1.1	0.27	-	-	-
Current Portion of Long-Term Debt	-	14.13	18.46	13.41	10.93	28.46
Current Unearned Revenue	3.69	3.62	2.6	0.66	0.59	0.42
Current Portion of Leases	0.06	0.34	0.95	0.94	0.71	0.6
Current Income Taxes Payable	-	-	0.58	-	2.71	-
Other Current Liabilities	13	9.1	2.75	3.37	5.32	1.65
Total Current Liabilities	46.78	48.89	45.11	29.57	33.54	33.96
Long-Term Debt	152.51	151.01	150.53	160.82	135.19	98.7
Long-Term Leases	4.07	5.05	4.49	4.18	2.91	1.68
Long-Term Deferred Tax Liabilities	11.85	1.14	10.14	11.07	11.01	10.2
Other Long-Term Liabilities	1.54	12.47	2.51	2.28	0.57	0.55
Total Liabilities	216.75	218.56	212.77	207.92	183.22	145.08

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.61	0.61	0.61	0.61	0.6	0.6
Additional Paid-In Capital	41.21	41.08	40.73	40.69	40.52	31.44
Retained Earnings	-69.25	-55.76	-37.76	-28.7	-15.4	-24.67
Treasury Stock	-0.99	-1.05	-0.82	-0.83	-0.14	-0.04
Comprehensive Income & Other	80.52	67.88	57.65	58	45.08	44.35
Total Common Equity	52.09	52.77	60.41	69.77	70.67	51.69
Minority Interest	-0.42	-0.39	-0.34	-0.26	-0.2	-0.15
Shareholders' Equity	51.67	52.37	60.07	69.5	70.48	51.54
Total Liabilities & Equity	268.43	270.93	272.84	277.42	253.69	196.62

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	171.89	171.63	174.69	179.35	149.74	129.44
Net Cash (Debt)	-169.49	-168.39	-164.6	-171.5	-133.31	-94.63
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	-2.80	-2.75	-2.88	-2.35	-1.74
Filing Date Shares Outstanding	-	60.27	59.9	59.75	59.88	56.25
Total Common Shares Outstanding	-	60.27	59.9	59.75	58.67	56.25
Working Capital	0.09	-1.78	10.84	22.85	31.01	20.2
Book Value Per Share	-	0.88	1.01	1.17	1.20	0.92
Tangible Book Value	35.92	27.1	34.5	46.43	47.86	50.84
Tangible Book Value Per Share	-	0.45	0.58	0.78	0.82	0.90
Land	-	-	6.51	6.33	5.32	5.17
Machinery	-	-	228.93	225.46	184.78	184.1
Construction In Progress	-	-	13.22	21.47	28.11	3.05

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

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