Blackfinch Spring VCT Balance Sheet

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020
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	2020
Cash & Equivalents	8.7	3.68	3.73	2.69	4.97	Upgrade
Cash & Short-Term Investments	8.7	3.68	3.73	2.69	4.97	Upgrade
Cash Growth	136.59%	-1.47%	39.07%	-45.93%	100.92%	Upgrade
Other Receivables	-	-	0.21	-	0	Upgrade
Receivables	-	-	0.21	-	0	Upgrade
Prepaid Expenses	0.02	0.01	0	0	0	Upgrade
Total Current Assets	8.73	3.69	3.94	2.69	4.97	Upgrade
Long-Term Investments	58.7	44.77	25.76	16.78	6.96	Upgrade
Total Assets	67.42	48.46	29.7	19.47	11.93	Upgrade
Accounts Payable	0.01	0.02	0.04	0.01	-	Upgrade
Accrued Expenses	0.59	0.43	0.3	0.19	0.16	Upgrade
Other Current Liabilities	-	-	-	-	0.01	Upgrade
Total Current Liabilities	0.6	0.45	0.34	0.2	0.17	Upgrade
Total Liabilities	0.6	0.45	0.34	0.2	0.17	Upgrade
Common Stock	0.72	0.46	0.29	0.21	0.13	Upgrade
Additional Paid-In Capital	45.18	18.91	1.29	19.56	11.81	Upgrade
Retained Earnings	20.93	28.64	27.78	-0.5	-0.18	Upgrade
Comprehensive Income & Other	0.01	-	-	-	-	Upgrade
Total Common Equity	66.83	48.01	29.36	19.27	11.76	Upgrade
Shareholders' Equity	66.83	48.01	29.36	19.27	11.76	Upgrade
Total Liabilities & Equity	67.42	48.46	29.7	19.47	11.93	Upgrade
Net Cash (Debt)	8.7	3.68	3.73	2.69	4.97	Upgrade
Net Cash Growth	136.59%	-1.47%	39.07%	-45.93%	100.92%	Upgrade
Net Cash Per Share	0.14	0.09	0.14	0.15	0.51	Upgrade
Filing Date Shares Outstanding	71.96	46.33	28.91	21.21	12.63	Upgrade
Total Common Shares Outstanding	71.96	46.33	28.91	21.21	12.63	Upgrade
Working Capital	8.13	3.24	3.6	2.48	4.8	Upgrade
Book Value Per Share	0.93	1.04	1.02	0.91	0.93	Upgrade
Tangible Book Value	66.83	48.01	29.36	19.27	11.76	Upgrade
Tangible Book Value Per Share	0.93	1.04	1.02	0.91	0.93	Upgrade

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