Addex Therapeutics Ltd (ADXN) Balance Sheet

NASDAQ: ADXNAssets, liabilities, debt and equity over 10 years.

ADXN balance sheet, 2025

December 31, 2025 · Swiss francs

CHF 6.4M assets = CHF 1.6M liabilities + CHF 4.8M equity

Both columns are drawn to the same scale: what ADXN owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ADXN financial health

Current ratio1.40

Adequate · current assets cover current liabilities 1.40×

Debt / equity0.01

Low leverage · CHF 0.01 of debt for each $1 of equity

Equity / assets74.9%

Equity-funded · of assets funded by shareholders

Cash / debt4,723.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ADXN balance sheet trends, 2016–2025

Addex Therapeutics Ltd balance sheet trends
Metric	Then	Latest	Change
Total assets	CHF 1.7M2016	CHF 6.4M2025	+15.9%/yr
Total liabilities	CHF 1.5M2016	CHF 1.6M2025	+1.0%/yr
Shareholders’ equity	CHF 218,5922016	CHF 4.8M2025	+40.8%/yr
Cash & short-term investments	CHF 1.4M2016	CHF 1.6M2025	+1.6%/yr
Total debt	CHF 10,9792017	CHF 34,7272025	+15.5%/yr
Net cash (debt)	CHF 2.6M2017	CHF 1.6M2025	CHF 973,815
Working capital	CHF 408,6222016	CHF 476,5712025	CHF 67,949
Current ratio	1.332016	1.402025	+0.07
Debt / equity	0.012017	0.012025	0.00
Shares outstanding	95K2016	935K2025	+28.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ADXN assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ADXN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ADXN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ADXN balance sheet in Swiss francs

Addex Therapeutics Ltd annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CHF 1.6M	CHF 3.3M	CHF 3.9M	CHF 7.0M	CHF 20.5M	CHF 18.8M	CHF 31.6M	CHF 41.7M	CHF 2.6M	CHF 1.4M
Cash & equivalents	CHF 1.6M	CHF 3.3M	CHF 3.9M	CHF 7.0M	CHF 20.5M	CHF 18.7M	CHF 31.5M	CHF 41.7M	CHF 2.6M	CHF 1.4M
Short-term investments	CHF 5,130	CHF 6,496	CHF 848	CHF 3,165	CHF 17,145	CHF 64,930	CHF 13,968	CHF 7,983	CHF 11,291	—
Receivables	CHF 20,109	CHF 15,513	CHF 151,268	CHF 598,316	CHF 324,421	CHF 68,373	CHF 118,028	CHF 273,016	CHF 303,882	CHF 220,723
Inventory	CHF 0	CHF 0	CHF 0	−CHF 871.6M	CHF 1	CHF 162,839	−CHF 13,968	CHF 0	CHF 1	CHF 0
Other current assets	CHF 16,315	CHF 177,616	CHF 217,008	CHF 871.9M	CHF 1.1M	CHF 498,382	CHF 734,031	CHF 199,410	CHF 158,922	CHF 21,435
Total current assets	CHF 1.7M	CHF 3.5M	CHF 4.2M	CHF 7.8M	CHF 21.9M	CHF 19.5M	CHF 32.4M	CHF 42.2M	CHF 3.1M	CHF 1.7M
Property, plant & equipment (net)	CHF 34,275	CHF 42,709	CHF 352,936	CHF 398,734	CHF 542,100	CHF 633,104	CHF 570,966	CHF 8,868	CHF 2,751	CHF 17,303
Goodwill & intangible assets	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 25.5M	CHF 0	CHF 0	CHF 0
Long-term investments	CHF 4.1M	CHF 7.1M	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0
Other non-current assets	CHF 521,437	CHF 7,089	CHF 54,344	CHF 54,355	CHF 57,908	CHF 59,144	CHF 0	CHF 54,404	CHF 7,087	CHF 7,102
Total assets	CHF 6.4M	CHF 10.7M	CHF 4.6M	CHF 8.3M	CHF 22.5M	CHF 20.2M	CHF 33.0M	CHF 42.2M	CHF 3.1M	CHF 1.7M
Liabilities
Accounts payable	CHF 603,585	CHF 253,290	CHF 984,384	CHF 1.3M	CHF 1.8M	CHF 983,545	CHF 2.2M	CHF 1.1M	CHF 383,211	CHF 669,678
Short-term debt	CHF 7,680	CHF 7,306	CHF 273,956	CHF 286,107	CHF 287,698	CHF 308,611	CHF 373,025	CHF 14,921	CHF 10,979	—
Deferred revenue	—	—	CHF 234,978	—	—	CHF 820,149	CHF 1.1M	CHF 212,744	CHF 439,022	—
Total current liabilities	CHF 1.2M	CHF 802,093	CHF 2.9M	CHF 3.3M	CHF 4.1M	CHF 3.6M	CHF 5.7M	CHF 2.3M	CHF 1.5M	CHF 1.2M
Long-term debt	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 177,220	CHF 0	CHF 0	CHF 0
Lease obligations	CHF 34,688	CHF 41,994	CHF 344,336	CHF 373,135	CHF 482,014	CHF 567,396	CHF 550,245	—	—	—
Other long-term liabilities	CHF 399,068	CHF 198,939	CHF 603,136	CHF 87,028	CHF 1.5M	CHF 2.0M	CHF 1.6M	CHF 639,351	CHF 243,864	CHF 214,435
Total liabilities	CHF 1.6M	CHF 1.0M	CHF 3.5M	CHF 3.4M	CHF 5.6M	CHF 5.6M	CHF 7.5M	CHF 3.0M	CHF 1.7M	CHF 1.5M
Shareholders' equity
Common stock & paid-in capital	CHF 2.2M	CHF 1.8M	CHF 1.8M	CHF 1.2M	CHF 49.3M	CHF 32.8M	CHF 32.8M	CHF 28.6M	CHF 13.4M	CHF 11.6M
Retained earnings (deficit)	−CHF 360.5M	−CHF 353.4M	−CHF 360.4M	−CHF 349.9M	−CHF 329.1M	−CHF 313.7M	−CHF 300.8M	−CHF 286.1M	−CHF 284.4M	−CHF 281.1M
Accumulated other comprehensive income	CHF 96.5M	CHF 31.1M	CHF 29.8M	CHF 25.8M	CHF 24.4M	CHF 14.7M	CHF 7.1M	CHF 10.3M	CHF 7.5M	CHF 6.8M
Total shareholders' equity	CHF 4.8M	CHF 9.7M	CHF 1.1M	CHF 4.9M	CHF 16.9M	CHF 14.6M	CHF 25.5M	CHF 39.2M	CHF 1.3M	CHF 218,592
Key figures
Total debt	CHF 34,727	CHF 41,994	CHF 344,336	CHF 373,135	CHF 482,014	CHF 567,396	CHF 550,245	CHF 14,921	CHF 10,979	—
Net cash (debt)	CHF 1.6M	CHF 3.3M	CHF 3.5M	CHF 6.6M	CHF 20.0M	CHF 18.2M	CHF 31.0M	CHF 41.7M	CHF 2.6M	—
Working capital	CHF 476,571	CHF 2.7M	CHF 1.3M	CHF 4.5M	CHF 17.8M	CHF 15.9M	CHF 26.7M	CHF 39.8M	CHF 1.6M	CHF 408,622
Tangible book value	CHF 4.8M	CHF 9.7M	CHF 1.1M	CHF 4.9M	CHF 16.9M	CHF 14.6M	CHF 0	CHF 39.2M	CHF 1.3M	CHF 218,592
Shares outstanding	935K	818K	619K	377K	284K	222K	220K	194K	108K	95K
Current ratio	1.40	4.42	1.46	2.39	5.31	5.38	5.70	18.06	2.07	1.33
Quick ratio	1.38	4.19	1.39	2.30	5.04	5.20	5.57	17.98	1.96	1.31
Debt / equity	0.01	0.00	0.30	0.08	0.03	0.04	0.02	0.00	0.01	—
Equity / assets	74.9%	90.6%	24.7%	59.3%	75.1%	72.4%	77.3%	93.0%	43.8%	13.0%

Addex Therapeutics Ltd quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CHF 767,328	CHF 937,500	CHF 1.6M	CHF 2.2M	CHF 2.3M	CHF 2.8M	CHF 3.3M	CHF 3.4M	CHF 3.8M	CHF 1.6M	CHF 3.9M	CHF 4.8M
Cash & equivalents	CHF 767,328	CHF 935,153	CHF 1.6M	CHF 2.2M	CHF 2.3M	CHF 2.8M	CHF 3.3M	CHF 3.3M	CHF 3.8M	CHF 1.6M	CHF 3.9M	CHF 4.8M
Short-term investments	—	CHF 2,347	CHF 5,130	CHF 6,860	CHF 6,994	CHF 6,828	CHF 6,496	CHF 4,946	CHF 2,796	CHF 2,380	CHF 848	CHF 426
Receivables	CHF 29,746	CHF 31,992	CHF 20,109	CHF 51,247	CHF 38,439	CHF 35,361	CHF 15,513	CHF 516,508	CHF 616,428	CHF 225,047	CHF 151,268	CHF 373,365
Inventory	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 278,186	CHF 0	CHF 0	CHF 0
Other current assets	CHF 241,433	CHF 220,147	CHF 16,315	CHF 119,415	CHF 318,147	CHF 329,605	CHF 177,616	CHF 201,335	CHF 5,000	CHF 1.4M	CHF 217,008	CHF 614,809
Total current assets	CHF 1.0M	CHF 1.2M	CHF 1.7M	CHF 2.4M	CHF 2.7M	CHF 3.2M	CHF 3.5M	CHF 4.1M	CHF 4.7M	CHF 3.3M	CHF 4.2M	CHF 5.7M
Property, plant & equipment (net)	CHF 76,216	CHF 101,547	CHF 34,275	CHF 36,355	CHF 38,474	CHF 40,591	CHF 42,709	CHF 44,828	CHF 29,379	CHF 32,317	CHF 352,936	CHF 341,046
Goodwill & intangible assets	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 21,685	CHF 72,904	CHF 0	CHF 0	CHF 0
Long-term investments	CHF 0	CHF 2.9M	CHF 4.1M	CHF 4.4M	CHF 5.3M	CHF 6.2M	CHF 7.1M	CHF 8.0M	CHF 8.9M	CHF 0	CHF 0	CHF 0
Other non-current assets	CHF 2.4M	CHF 563,504	CHF 521,437	CHF 516,154	CHF 516,153	CHF 7,094	CHF 7,089	CHF 7,058	CHF 7,069	CHF 7,070	CHF 54,344	CHF 54,347
Total assets	CHF 3.5M	CHF 4.8M	CHF 6.4M	CHF 7.3M	CHF 8.5M	CHF 9.5M	CHF 10.7M	CHF 12.2M	CHF 13.7M	CHF 3.3M	CHF 4.6M	CHF 6.1M
Liabilities
Accounts payable	—	CHF 632,815	CHF 603,585	CHF 406,141	CHF 640,087	CHF 286,135	CHF 253,290	CHF 325,782	CHF 302,376	CHF 1.6M	CHF 984,384	CHF 389,781
Short-term debt	CHF 54,472	CHF 77,241	CHF 7,688	CHF 7,585	CHF 7,491	CHF 7,398	—	CHF 7,215	CHF 12,392	CHF 12,239	CHF 273,956	CHF 206,415
Deferred revenue	—	—	—	—	—	—	—	—	—	CHF 234,978	CHF 234,978	CHF 234,978
Total current liabilities	CHF 1.4M	CHF 1.2M	CHF 1.2M	CHF 1.2M	CHF 1.2M	CHF 1.1M	CHF 802,093	CHF 887,564	CHF 942,990	CHF 4.7M	CHF 2.9M	CHF 1.9M
Long-term debt	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0	CHF 0
Lease obligations	—	CHF 102,269	CHF 34,688	CHF 36,549	CHF 38,387	CHF 40,202	CHF 41,994	CHF 43,767	CHF 32,182	CHF 35,185	CHF 344,336	CHF 323,317
Other long-term liabilities	CHF 207,870	CHF 250,332	CHF 399,068	CHF 197,348	CHF 142,843	CHF 132,164	CHF 198,939	CHF 218,466	CHF 102,903	CHF 54,479	CHF 603,136	CHF 262,670
Total liabilities	CHF 1.6M	CHF 1.5M	CHF 1.6M	CHF 1.4M	CHF 1.3M	CHF 1.2M	CHF 1.0M	CHF 1.1M	CHF 1.0M	CHF 4.7M	CHF 3.5M	CHF 2.2M
Shareholders' equity
Common stock & paid-in capital	CHF 2.2M	CHF 2.2M	CHF 2.2M	CHF 1.8M	CHF 1.8M	CHF 1.8M	—	CHF 1.8M	CHF 1.8M	CHF 1.8M	CHF 1.8M	CHF 1.4M
Retained earnings (deficit)	−CHF 363.5M	−CHF 361.8M	−CHF 360.5M	−CHF 358.3M	−CHF 356.7M	−CHF 354.8M	−CHF 353.4M	−CHF 352.2M	−CHF 350.6M	−CHF 363.5M	−CHF 360.4M	−CHF 357.6M
Accumulated other comprehensive income	CHF 96.6M	CHF 31.9M	CHF 96.5M	CHF 31.2M	CHF 95.8M	CHF 31.2M	—	CHF 31.2M	CHF 31.3M	CHF 94.8M	CHF 29.8M	CHF 31.7M
Total shareholders' equity	CHF 1.9M	CHF 3.3M	CHF 4.8M	CHF 6.0M	CHF 7.2M	CHF 8.3M	CHF 9.7M	CHF 11.1M	CHF 12.7M	−CHF 1.4M	CHF 1.1M	CHF 3.9M
Key figures
Total debt	CHF 77,495	CHF 102,269	CHF 34,727	CHF 36,549	CHF 38,387	CHF 40,202	—	CHF 43,767	CHF 32,182	CHF 35,185	CHF 344,336	CHF 323,317
Net cash (debt)	CHF 689,833	CHF 835,231	CHF 1.6M	CHF 2.2M	CHF 2.3M	CHF 2.8M	—	CHF 3.3M	CHF 3.8M	CHF 1.6M	CHF 3.5M	CHF 4.4M
Working capital	−CHF 326,367	−CHF 32,560	CHF 476,571	CHF 1.2M	CHF 1.5M	CHF 2.1M	CHF 2.7M	CHF 3.2M	CHF 3.7M	−CHF 1.4M	CHF 1.3M	CHF 3.8M
Tangible book value	CHF 1.9M	CHF 3.3M	CHF 4.8M	CHF 6.0M	CHF 7.2M	CHF 8.3M	CHF 9.7M	CHF 11.0M	CHF 12.6M	−CHF 1.4M	CHF 1.1M	CHF 3.9M
Shares outstanding	1.5M	1.4M	1.2M	939K	767K	820K	98.3M	813K	813K	813K	794K	644K
Current ratio	0.76	0.97	1.40	2.01	2.31	3.03	4.42	4.59	4.97	0.71	1.46	2.97
Quick ratio	0.58	0.79	1.38	1.91	2.03	2.71	4.19	4.36	4.67	0.40	1.39	2.66
Debt / equity	0.04	0.03	0.01	0.01	0.01	0.00	—	0.00	0.00	—	0.30	0.08
Equity / assets	54.8%	69.1%	74.9%	81.3%	84.8%	87.5%	90.6%	90.9%	92.4%	−41.3%	24.7%	64.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Swiss francs as reported (latest annual report filed May 15, 2026); data from EODHD.

ADXN financial position

At the end of fiscal 2025 (December 31, 2025), Addex Therapeutics had total assets of CHF 6.4 million (down 40.4% from a year earlier), total liabilities of CHF 1.6 million and shareholders' equity of CHF 4.8 million. It held CHF 1.6 million in cash and short-term investments against CHF 0.0 million of debt, a net cash position of CHF 1.6 million. Its current ratio was 1.40. In the latest quarter (ended June 30, 2026) total assets were CHF 3.5 million and equity CHF 1.9 million.

Related: ADXN income statement, ADXN cash flow statement, ADXN key metrics. See the ADXN stock overview for the latest quote and news.

ADXN balance sheet FAQ

What are Addex Therapeutics's total assets?

Addex Therapeutics reported total assets of CHF 6.4 million at the end of fiscal 2025 (December 31, 2025), compared with CHF 10.7 million a year earlier.

How much debt does Addex Therapeutics have?

Addex Therapeutics had CHF 0.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.

How much cash does Addex Therapeutics have?

Addex Therapeutics held CHF 1.6 million in cash and short-term investments at the end of fiscal 2025; with CHF 0.0 million of debt that is net cash of CHF 1.6 million.

What is Addex Therapeutics's book value?

Addex Therapeutics's shareholders' equity (book value) was CHF 4.8 million at the end of fiscal 2025.

What is Addex Therapeutics's current ratio?

Addex Therapeutics had current assets of CHF 1.7 million and current liabilities of CHF 1.2 million, a current ratio of 1.40 (it can cover its short-term obligations).