HAL Trust 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	4,346	2,578	2,588	2,044	2,256
Short-Term Investments	455.1	1,419	2,021	3,125	4,019
Trading Asset Securities	240.9	323.2	158.2	521.2	418.7
Cash & Short-Term Investments	5,042	4,320	4,767	5,690	6,694
Cash Growth	16.70%	-9.38%	-16.22%	-14.99%	312.50%
Accounts Receivable	1,781	1,720	1,756	1,796	1,049
Other Receivables	396.4	431.5	448.2	480.3	333.7
Receivables	2,177	2,152	2,204	2,277	1,382
Inventory	1,009	1,022	1,093	1,134	967.4
Other Current Assets	406.8	439.8	1,019	797.3	318
Total Current Assets	8,634	7,934	9,084	9,898	9,361
Property, Plant & Equipment	10,170	10,321	8,917	9,209	6,219
Long-Term Investments	5,810	5,164	4,683	3,719	4,438
Goodwill	2,078	2,331	1,931	2,117	1,134
Other Intangible Assets	1,092	1,234	1,407	1,530	1,180
Long-Term Deferred Tax Assets	125.6	145.3	145.1	87.7	128.8
Other Long-Term Assets	232.5	213.4	175.8	155	162.3
Total Assets	28,142	27,343	26,343	26,715	22,622
Accounts Payable	988.4	1,052	1,246	1,317	1,041
Accrued Expenses	1,800	1,812	1,629	1,611	642.9
Short-Term Debt	566.5	577.6	472.4	1,194	711.1
Current Portion of Long-Term Debt	263.4	492	1,032	874.9	103.1
Current Portion of Leases	235.4	161.7	156.6	150.6	123.4
Current Income Taxes Payable	299.3	349.4	284.8	251	101.7
Current Unearned Revenue	1,269	1,140	907.9	683.4	278.2
Other Current Liabilities	306.7	224.3	449.9	257.3	103.4
Total Current Liabilities	5,729	5,810	6,179	6,339	3,104
Long-Term Debt	2,770	2,575	2,218	2,957	2,917
Long-Term Leases	965.1	1,023	960.7	1,045	949.1
Long-Term Unearned Revenue	32.6	28.6	19.5	18	14.3
Pension & Post-Retirement Benefits	71.7	90.3	99.3	109.7	105
Long-Term Deferred Tax Liabilities	552.3	619.3	645.7	693.7	530.6
Other Long-Term Liabilities	285.4	289.2	349.2	314.8	195.5
Total Liabilities	10,406	10,435	10,471	11,477	7,816
Common Stock	12,200	12,200	1.8	1.8	1.7
Retained Earnings	3,467	2,144	13,445	12,675	12,339
Comprehensive Income & Other	-38.3	432	228.6	333.5	93.7
Total Common Equity	15,629	14,776	13,676	13,010	12,435
Minority Interest	2,108	2,132	2,196	2,228	2,372
Shareholders' Equity	17,736	16,908	15,872	15,238	14,806
Total Liabilities & Equity	28,142	27,343	26,343	26,715	22,622
Total Debt	4,800	4,829	4,839	6,221	4,804
Net Cash (Debt)	241.3	-509	-71.8	-530.7	1,890
Net Cash Per Share	2.67	-5.63	-0.80	-5.93	21.08
Filing Date Shares Outstanding	90.29	90.33	90.34	90.36	90.34
Total Common Shares Outstanding	90.29	90.33	90.34	90.36	90.34
Working Capital	2,905	2,125	2,905	3,559	6,257
Book Value Per Share	173.09	163.59	151.37	143.97	137.64
Tangible Book Value	12,458	11,211	10,338	9,364	10,122
Tangible Book Value Per Share	137.98	124.11	114.43	103.62	112.03
Land	1,413	1,409	1,313	1,351	1,165
Machinery	8,374	8,307	6,437	5,983	2,756