Qualco Group 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	55.14	13	22.55	19.28	22.73
Short-Term Investments	0.27	2.44	0.16	8.61	0.06
Cash & Short-Term Investments	55.41	15.44	22.71	27.88	22.79
Cash Growth	258.92%	-32.02%	-18.55%	22.36%	-
Accounts Receivable	75.42	48.44	32.6	27.33	25.61
Other Receivables	2.02	0.25	1.48	3.26	4.6
Receivables	80.03	48.68	35.5	31.59	30.21
Inventory	0.08	0.1	0.07	-	-
Prepaid Expenses	5.18	3.77	3.52	-0.02	-0.14
Restricted Cash	-	-	-	-	0.58
Other Current Assets	8.31	10.48	10.25	8.8	3.5
Total Current Assets	149.01	78.47	72.05	68.26	56.93
Property, Plant & Equipment	38.1	39.83	34.34	28.99	24.19
Long-Term Investments	17.8	13.65	10.72	5.96	3.3
Goodwill	19.78	5.64	1.71	-	-
Other Intangible Assets	43.56	27.99	18.53	11.23	24.99
Long-Term Deferred Tax Assets	10.32	-	-	0.24	0.43
Long-Term Deferred Charges	7.36	5.27	-	-	-
Other Long-Term Assets	2.83	0.91	0.69	0.61	0.49
Total Assets	289.41	172.16	138.05	115.71	110.34
Accounts Payable	17.79	13.78	12.03	11.12	11.26
Accrued Expenses	27.02	13.76	15.86	16.4	15.83
Short-Term Debt	-0.92	0.13	0.11	0.15	0.08
Current Portion of Long-Term Debt	28.37	12.22	14.33	7.32	7.31
Current Portion of Leases	4.88	4.53	3.32	2.85	2.16
Current Income Taxes Payable	13.39	9.6	9.45	9.73	8.24
Current Unearned Revenue	3.92	2.98	2.5	2.14	1.99
Other Current Liabilities	13.64	16.76	0.75	0.44	1.6
Total Current Liabilities	108.07	73.76	58.35	50.14	48.46
Long-Term Debt	41.46	24.72	16.04	12.82	12.55
Long-Term Leases	16.87	20.26	16.72	17.92	16.42
Long-Term Unearned Revenue	3.35	1.36	-	-	-
Pension & Post-Retirement Benefits	1.25	0.94	0.74	0.49	0.39
Long-Term Deferred Tax Liabilities	3.63	0.45	0.52	-	3.29
Other Long-Term Liabilities	7.96	0.28	0.02	0.03	0.6
Total Liabilities	182.59	121.77	92.39	81.41	81.71
Common Stock	70.03	58.91	5	5	2.1
Additional Paid-In Capital	489.67	452.39	-	-	3.89
Retained Earnings	41.23	42.08	39.63	27.84	10.53
Comprehensive Income & Other	-502.74	-506.23	0.04	1.23	1.22
Total Common Equity	98.2	47.14	44.67	34.08	17.75
Minority Interest	8.63	3.24	0.98	0.22	10.89
Shareholders' Equity	106.83	50.38	45.65	34.3	28.63
Total Liabilities & Equity	289.41	172.16	138.05	115.71	110.34
Total Debt	90.66	61.85	50.53	41.06	38.51
Net Cash (Debt)	-35.25	-46.41	-27.82	-13.18	-15.72
Net Cash Per Share	-0.53	-0.78	-13.22	-6.26	-
Filing Date Shares Outstanding	70.03	2.1	2.1	2.1	-
Total Common Shares Outstanding	70.03	2.1	2.1	2.1	-
Working Capital	40.94	4.71	13.7	18.12	8.47
Book Value Per Share	1.40	22.41	21.24	16.20	-
Tangible Book Value	34.85	13.51	24.43	22.84	-7.25
Tangible Book Value Per Share	0.50	6.42	11.61	10.86	-
Machinery	30.65	26.67	23.23	14.77	6.91

Source: S&P Capital IQ. Standard template. Financial Sources.