Smart Organic AD Balance Sheet

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

Millions BGN. 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	9	10.22	4.19	4.39	8.04	3.92
Trading Asset Securities	-	10.85	0.82	-	-	-
Cash & Short-Term Investments	9	21.07	5.01	4.39	8.04	3.92
Cash Growth	-0.96%	320.29%	14.22%	-45.44%	105.36%	-
Accounts Receivable	18.53	12.19	8.06	6.34	5.08	3.05
Other Receivables	1.65	1.12	0.89	1.47	0.8	0.25
Receivables	20.18	13.35	9	7.82	5.89	3.31
Inventory	25.27	19.79	14.72	15.47	10.57	7.47
Other Current Assets	15.78	6.21	2.35	0.95	1.09	1.2
Total Current Assets	70.23	60.42	31.09	28.63	25.6	15.9
Property, Plant & Equipment	47.33	39.15	19.75	16.97	10.06	8.94
Long-Term Investments	0.03	0.03	0.04	0.03	0.05	0.05
Goodwill	0.84	0.87	0.87	0.93	-	-
Other Intangible Assets	0.29	0.51	0.05	0.05	0.05	0.12
Long-Term Accounts Receivable	-	-	-	0.04	-	-
Long-Term Deferred Tax Assets	0.01	0.16	0.12	0.15	0.14	0.12
Other Long-Term Assets	-	3.08	10.88	1.29	1.46	0.45
Total Assets	118.73	104.22	62.79	48.09	37.35	25.56
Accounts Payable	11.19	5.57	3.8	2.95	2.72	1.68
Accrued Expenses	3.07	1.89	1.8	1.17	1.04	0.8
Short-Term Debt	-	0.01	0.07	0	-	0.02
Current Portion of Long-Term Debt	3.52	4.46	2.62	1.71	1.26	1.26
Current Portion of Leases	-	0.33	0.35	0.29	0.7	0.68
Current Income Taxes Payable	-	0.22	0.02	0.19	0.11	0.08
Other Current Liabilities	0.98	0.72	0.36	0.5	0.08	0.15
Total Current Liabilities	18.76	13.2	9.02	6.8	5.91	4.67
Long-Term Debt	15.5	13.81	7.72	5.43	3.31	4.57
Long-Term Leases	-	0.4	0.64	0.51	0.72	1.14
Pension & Post-Retirement Benefits	-	0.11	0.07	0.04	-	-
Long-Term Deferred Tax Liabilities	0.25	0.41	0.11	0.02	-	0
Total Liabilities	35.23	27.93	17.55	12.81	9.94	10.38
Common Stock	11.34	11.34	10.31	10.31	10.31	1.5
Additional Paid-In Capital	24.04	24.04	6.01	6.01	5.55	-
Retained Earnings	45.18	40.49	28.55	16.14	11.25	13.41
Comprehensive Income & Other	2.77	0.3	0.3	2.77	0.3	0.27
Total Common Equity	83.33	76.16	45.16	35.23	27.4	15.18
Minority Interest	0.18	0.13	0.08	0.05	0	0
Shareholders' Equity	83.5	76.3	45.24	35.28	27.41	15.18
Total Liabilities & Equity	118.73	104.22	62.79	48.09	37.35	25.56
Total Debt	19.02	19.01	11.39	7.95	5.99	7.67
Net Cash (Debt)	-10.03	2.06	-6.38	-3.56	2.05	-3.75
Net Cash Per Share	-	0.19	-0.62	-0.35	0.58	-2.50
Filing Date Shares Outstanding	-	11.34	10.31	10.31	10.31	1.5
Total Common Shares Outstanding	-	11.34	10.31	10.31	10.31	1.5
Working Capital	51.47	47.22	22.07	21.83	19.69	11.23
Book Value Per Share	-	6.72	4.38	3.42	2.66	10.12
Tangible Book Value	82.2	74.78	44.24	34.25	27.35	15.07
Tangible Book Value Per Share	-	6.59	4.29	3.32	2.65	10.04
Land	-	2.38	2.38	2.38	1.09	0.99
Buildings	-	17.71	8.16	10.05	8.3	6.95
Machinery	-	26.93	15.37	12.18	9.87	8.32

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