Jadranski naftovod d.d. Balance Sheet

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

Millions EUR. 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	88.69	88.54	124.29	87.39	74.89
Short-Term Investments	-	63.8	30	27.97	5.3
Cash & Short-Term Investments	88.69	152.34	154.29	115.36	80.19
Cash Growth	-41.78%	-1.27%	33.75%	43.85%	66.85%
Accounts Receivable	24.94	26.07	24.72	20.91	10.57
Other Receivables	5.7	4.94	1.66	0.44	0.2
Receivables	107.34	31	26.38	21.35	10.77
Inventory	7.33	6.79	3.28	2.95	2.82
Prepaid Expenses	-	0.4	0.32	0.26	-
Other Current Assets	0	-	-	-	-
Total Current Assets	203.37	190.53	184.26	139.92	93.78
Property, Plant & Equipment	485.31	495.68	493.63	509.5	527.34
Long-Term Investments	2.52	38.24	35	16.64	6.65
Goodwill	7.91	4.09	-	-	-
Other Intangible Assets	14	13.12	15.34	20.41	23.87
Long-Term Deferred Tax Assets	4.2	4.1	3.6	0.6	0.64
Other Long-Term Assets	1.15	1.04	1.05	1.74	0.42
Total Assets	748.44	746.8	732.89	688.79	652.7
Accounts Payable	3.87	5.35	6.26	7	3.67
Accrued Expenses	3.64	3.01	2.61	0.79	0.66
Current Portion of Long-Term Debt	0.67	0.37	-	-	-
Current Portion of Leases	-	0.25	0.24	0.26	0.26
Current Income Taxes Payable	0.89	1.95	7.25	2.62	0.97
Other Current Liabilities	0.42	0.23	0.12	1.83	0.48
Total Current Liabilities	9.5	11.17	16.48	12.5	6.05
Long-Term Debt	13	13.88	11.56	11.98	11.29
Long-Term Leases	-	0.52	0.43	0.3	0.51
Pension & Post-Retirement Benefits	1.2	0.71	0.6	0.63	2.27
Other Long-Term Liabilities	1.21	1.43	1.91	1.84	0.42
Total Liabilities	24.9	27.7	30.98	27.25	20.54
Common Stock	391.98	391.98	391.98	391.86	392.85
Additional Paid-In Capital	0.01	0.01	0.01	0.01	0.01
Retained Earnings	191.78	187.35	170.16	149.27	135.4
Comprehensive Income & Other	139.77	139.77	139.77	120.41	103.89
Shareholders' Equity	723.54	719.1	701.91	661.55	632.16
Total Liabilities & Equity	748.44	746.8	732.89	688.79	652.7
Total Debt	13.67	15.02	12.23	12.54	12.07
Net Cash (Debt)	75.03	137.31	142.06	102.82	68.13
Net Cash Growth	-45.36%	-3.34%	38.16%	50.93%	85.04%
Net Cash Per Share	75.27	136.27	140.98	102.04	67.61
Filing Date Shares Outstanding	1.01	1.01	1.01	1.01	1.01
Total Common Shares Outstanding	1.01	1.01	1.01	1.01	1.01
Working Capital	193.86	179.37	167.78	127.41	87.74
Book Value Per Share	718.04	713.64	696.58	656.52	627.35
Tangible Book Value	701.63	701.89	686.57	641.13	608.29
Tangible Book Value Per Share	696.30	696.56	681.35	636.26	603.67
Land	-	50.64	50.16	50.16	50.28
Buildings	-	942.43	938.64	935.26	932.13
Machinery	-	298.85	291.2	294.32	294.15
Construction In Progress	-	37.16	23.48	18.61	15.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.