ING-GRAD d.d. 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	0.78	16.51	3.66	28.48	14.59	9.6
Short-Term Investments	73.8	63.34	11.62	3.03	-	-
Cash & Short-Term Investments	74.57	79.85	15.28	31.51	14.59	9.6
Cash Growth	388.10%	422.66%	-51.52%	116.05%	51.87%	-4.41%
Accounts Receivable	62.45	41.57	47.89	6.17	16.14	15.43
Other Receivables	11.06	0.63	0.28	0.43	0.25	1.64
Receivables	76.11	42.2	48.18	7.96	17.27	20.06
Inventory	1.29	0.47	0.35	3.7	3.29	1.47
Prepaid Expenses	0.91	-	-	3.12	0.91	1.78
Other Current Assets	-	0.11	0.91	4.15	2.73	6.07
Total Current Assets	152.88	122.64	64.71	50.44	38.79	38.98
Property, Plant & Equipment	7.21	7.47	4.55	5.36	2.69	1.67
Long-Term Investments	0.49	0.69	0.43	0.02	0	0.28
Goodwill	-	-	-	0.12	0.12	0.24
Other Intangible Assets	-	0	0.01	0	1.15	0.96
Long-Term Deferred Tax Assets	0.05	0.05	0.04	0.09	0.09	0.09
Other Long-Term Assets	-	-	-	-	0	0
Total Assets	160.63	130.85	69.74	56.04	42.84	42.22
Accounts Payable	34.71	21.32	18.42	9.13	11.07	7.01
Accrued Expenses	12.93	3.2	2.48	1.17	0.74	0.53
Short-Term Debt	0.26	-	8.33	0.08	0.14	1.45
Current Portion of Long-Term Debt	0.96	-	-	0.67	-	-
Current Portion of Leases	-	0.81	0.44	-	0.66	0.45
Current Income Taxes Payable	7.9	1.7	1.64	1.59	0.86	0.09
Current Unearned Revenue	-	9.39	12.26	8.99	-	-
Other Current Liabilities	6.62	1.55	2.28	2.21	2.18	7.73
Total Current Liabilities	63.38	37.97	45.84	23.84	15.65	17.27
Long-Term Leases	-	2.56	1.07	1.38	1.56	0.93
Long-Term Unearned Revenue	-	-	-	-	3.23	3.97
Pension & Post-Retirement Benefits	-	-	-	-	0.22	-
Other Long-Term Liabilities	0.28	4.68	3.53	1.88	0.09	0.17
Total Liabilities	66.75	45.22	50.43	27.1	20.76	22.33
Common Stock	3.99	3.99	3.99	3.99	3.98	3.99
Retained Earnings	58.19	50.1	38.34	24.95	18.1	15.89
Treasury Stock	-2.51	-2.66	-23.02	-	-	-
Comprehensive Income & Other	34.21	34.21	-	-	-	-
Shareholders' Equity	93.89	85.64	19.31	28.94	22.09	19.89
Total Liabilities & Equity	160.63	130.85	69.74	56.04	42.84	42.22
Total Debt	4.31	3.37	9.84	2.13	2.36	2.83
Net Cash (Debt)	70.27	76.48	5.44	29.39	12.22	6.78
Net Cash Growth	1191.65%	1305.92%	-81.49%	140.41%	80.38%	12.36%
Net Cash Per Share	-	21.13	1.41	-	-	-
Filing Date Shares Outstanding	-	3.83	2.63	-	-	-
Total Common Shares Outstanding	-	3.83	2.63	-	-	-
Working Capital	89.5	84.67	18.88	26.61	23.14	21.71
Book Value Per Share	-	22.34	7.33	-	-	-
Tangible Book Value	93.89	85.63	19.3	28.82	20.81	18.69
Tangible Book Value Per Share	-	22.34	7.33	-	-	-
Land	-	0.28	0.03	0.02	0.02	0.02
Buildings	-	0.39	0.02	1.91	0.02	0.02
Machinery	-	11.64	10.77	10.58	7.8	6.2
Construction In Progress	-	0.92	0	0.04	0	0
Leasehold Improvements	-	0.3	0.3	-	-	-

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