Consolidated statement of financial position

Amounts in EUR thousand	Note	31.12.2025	31.12.2024
Assets		Unaudited	Audited
Non-current assets
Intangible assets	6	242,421	222,887
Property, plant and equipment	6	589,025	552,353
Deferred tax assets		24,689	26,359
Investments		3,890	3,531
Derivatives	5	888	3,309
Long-term receivables	5	11,097	10,182
Total non-current assets		872,010	818,621
Current assets
Inventories		429	770
Trade receivables	5	5,257	3,395
Other receivables	5	3,936	11,589
Derivatives	5	1,946	1,367
Cash and cash equivalents	5	33,397	28,310
Total current assets		44,965	45,429
Total assets		916,976	864,051

Equity and liabilities		Unaudited	Audited
Amounts in EUR thousand		31.12.2025	31.12.2024
Share capital		24,088	22,898
Paid-in capital		454,537	399,196
Other equity		-85,265	-65,843
Total shareholders equity		393,360	356,249
Non-controlling interests		12,307	12,136
Total equity		405,667	368,385
Non-current liabilities
Deferred tax liability		0	6,463
Borrowings	5	413,407	454,812
Derivatives	5	0	30
Other non-current liabilities	5	133	276
Total non-current liabilities		413,540	461,582
Current liabilities
Accounts payable	5	7,045	3,946
Taxes payable		794	306
Public duties payable	5	2,682	1,498
Derivatives	5	2,708	6,126
Borrowings	5	74,713	14,057
Other current liabilities	5	9,829	8,151
Total current liabilities		97,770	34,084
Total liabilities		511,310	495,665
Total equity and liabilities		916,976	864,051

Second half of 2025Småkraft Group