Jadranski naftovod d.d. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	129.27	88.54	124.29	87.39	74.89	43.18
Short-Term Investments	-	63.8	30	27.97	5.3	4.88
Cash & Short-Term Investments	129.27	152.34	154.29	115.36	80.19	48.06
Cash Growth	60.45%	-1.27%	33.75%	43.85%	66.85%	-22.86%
Accounts Receivable	7.66	26.07	24.72	20.91	10.57	11.4
Other Receivables	5.67	4.94	1.66	0.44	0.2	0.19
Receivables	46.76	31	26.38	21.35	10.77	11.59
Inventory	7.23	6.79	3.28	2.95	2.82	3.03
Prepaid Expenses	-	0.4	0.32	0.26	-	-
Other Current Assets	0	-	-	-	-	-
Total Current Assets	183.25	190.53	184.26	139.92	93.78	62.69
Property, Plant & Equipment	487.7	495.68	493.63	509.5	527.34	543.76
Long-Term Investments	7.84	38.24	35	16.64	6.65	6.62
Goodwill	7.91	4.09	-	-	-	-
Other Intangible Assets	13.93	13.12	15.34	20.41	23.87	20.32
Long-Term Deferred Tax Assets	4.1	4.1	3.6	0.6	0.64	0.56
Other Long-Term Assets	11.65	1.04	1.05	1.74	0.42	1.64
Total Assets	746.38	746.8	732.89	688.79	652.7	635.59
Accounts Payable	4.23	5.35	6.26	7	3.67	15.27
Accrued Expenses	2.26	3.01	2.61	0.79	0.66	0.67
Current Portion of Long-Term Debt	0.13	0.37	-	-	-	-
Current Portion of Leases	-	0.25	0.24	0.26	0.26	0.24
Current Income Taxes Payable	0.8	1.95	7.25	2.62	0.97	0.74
Other Current Liabilities	0.48	0.23	0.12	1.83	0.48	0.42
Total Current Liabilities	7.89	11.17	16.48	12.5	6.05	17.33
Long-Term Debt	13.31	13.88	11.56	11.98	11.29	10.39
Long-Term Leases	-	0.52	0.43	0.3	0.51	0.62
Pension & Post-Retirement Benefits	0.97	0.71	0.6	0.63	2.27	1.89
Other Long-Term Liabilities	1.17	1.43	1.91	1.84	0.42	0.42
Total Liabilities	23.34	27.7	30.98	27.25	20.54	30.65
Common Stock	391.98	391.98	391.98	391.86	392.85	391.07
Additional Paid-In Capital	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	191.29	187.35	170.16	149.27	135.4	128.57
Comprehensive Income & Other	139.77	139.77	139.77	120.41	103.89	85.29
Shareholders' Equity	723.04	719.1	701.91	661.55	632.16	604.94
Total Liabilities & Equity	746.38	746.8	732.89	688.79	652.7	635.59
Total Debt	13.44	15.02	12.23	12.54	12.07	11.25
Net Cash (Debt)	115.82	137.31	142.06	102.82	68.13	36.82
Net Cash Growth	74.83%	-3.34%	38.16%	50.93%	85.04%	-26.66%
Net Cash Per Share	114.94	136.27	140.98	102.04	67.61	36.54
Filing Date Shares Outstanding	1.01	1.01	1.01	1.01	1.01	1.01
Total Common Shares Outstanding	1.01	1.01	1.01	1.01	1.01	1.01
Working Capital	175.37	179.37	167.78	127.41	87.74	45.35
Book Value Per Share	717.55	713.64	696.58	656.52	627.35	600.34
Tangible Book Value	701.2	701.89	686.57	641.13	608.29	584.62
Tangible Book Value Per Share	695.88	696.56	681.35	636.26	603.67	580.17
Land	-	50.64	50.16	50.16	50.28	49.96
Buildings	-	942.43	938.64	935.26	932.13	878.12
Machinery	-	298.85	291.2	294.32	294.15	252.02
Construction In Progress	-	37.16	23.48	18.61	15.4	100.67

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.