Universal Music Group 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	-	553	413	439	585
Short-Term Investments	-	27	91	-	-
Cash & Short-Term Investments	-	580	504	439	585
Cash Growth	-	15.08%	14.81%	-24.96%	-48.77%
Accounts Receivable	-	2,244	1,986	1,765	1,598
Other Receivables	-	283	296	253	208
Receivables	-	2,527	2,282	2,018	1,806
Inventory	-	255	210	163	99
Other Current Assets	-	1,211	1,060	984	844
Total Current Assets	-	4,573	4,056	3,604	3,334
Property, Plant & Equipment	-	688	493	485	555
Long-Term Investments	-	3,823	1,658	846	1,701
Goodwill	-	1,895	1,624	1,578	1,480
Other Intangible Assets	-	232	180	119	96
Long-Term Deferred Tax Assets	-	625	479	348	404
Long-Term Deferred Charges	-	3,393	3,020	3,058	2,982
Other Long-Term Assets	-	2,091	1,581	1,601	1,542
Total Assets	-	17,320	13,091	11,639	12,094
Accounts Payable	-	168	118	139	146
Accrued Expenses	-	4,766	4,346	3,937	3,420
Short-Term Debt	-	754	223	930	13
Current Portion of Long-Term Debt	-	119	55	207	305
Current Portion of Leases	-	66	86	77	80
Current Income Taxes Payable	-	96	70	53	39
Current Unearned Revenue	-	412	408	377	388
Other Current Liabilities	-	1,243	961	800	1,001
Total Current Liabilities	-	7,624	6,267	6,520	5,392
Long-Term Debt	-	1,778	1,826	1,113	2,277
Long-Term Leases	-	475	324	346	421
Pension & Post-Retirement Benefits	-	163	153	152	205
Long-Term Deferred Tax Liabilities	-	1,170	676	580	850
Other Long-Term Liabilities	-	1,559	862	576	919
Total Liabilities	-	12,769	10,108	9,287	10,064
Common Stock	-	18,293	18,217	18,135	18,134
Additional Paid-In Capital	-	15,041	14,994	14,935	14,941
Retained Earnings	-	-28,803	-30,244	-30,714	-31,033
Treasury Stock	-	-5	-5	-5	-12
Total Common Equity	-	4,526	2,962	2,351	2,030
Minority Interest	-	25	21	1	-
Shareholders' Equity	-	4,551	2,983	2,352	2,030
Total Liabilities & Equity	-	17,320	13,091	11,639	12,094
Total Debt	-	3,192	2,514	2,673	3,096
Net Cash (Debt)	-	-2,612	-2,010	-2,234	-2,511
Net Cash Per Share	-	-1.41	-1.09	-1.23	-1.38
Filing Date Shares Outstanding	1,835	1,829	1,821	1,813	1,813
Total Common Shares Outstanding	1,835	1,829	1,821	1,813	1,813
Working Capital	-	-3,051	-2,211	-2,916	-2,058
Book Value Per Share	-	2.47	1.63	1.30	1.12
Tangible Book Value	-	2,399	1,158	654	454
Tangible Book Value Per Share	-	1.31	0.64	0.36	0.25
Land	-	272	242	241	234
Machinery	-	125	122	119	111
Construction In Progress	-	45	24	20	9

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.