Ascopiave 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	-	34.18	52.08	76.92	42.54
Trading Asset Securities	-	0.75	2.07	5.67	0.27
Accounts Receivable	-	63.06	33.38	20.1	26.79
Other Receivables	-	39.64	82.17	136.23	21.59
Inventory	-	7.02	8.28	7.34	8.18
Prepaid Expenses	-	1.7	0.86	1.19	1
Other Current Assets	180	204.72	6.7	2.37	5.52
Total Current Assets	180	351.06	185.54	249.82	105.87
Property, Plant & Equipment	184.24	161.9	156.48	138.43	58.01
Goodwill	-	61.73	61.73	61.35	49.27
Other Intangible Assets	1,317	725.69	704.63	698.4	598.01
Long-Term Investments	56.53	105.47	308.33	436.29	521.36
Long-Term Deferred Tax Assets	-	38.52	39.3	39.25	31.57
Other Long-Term Assets	56.75	7.94	5.99	24.09	6.47
Total Assets	1,794	1,452	1,462	1,648	1,371
Accounts Payable	-	65.43	73.03	180.2	34.4
Accrued Expenses	-	9.89	12.48	9.68	8.59
Short-Term Debt	-	45	60	98.03	139.69
Current Portion of Long-Term Debt	-	64.29	88.35	119.44	60.97
Current Unearned Revenue	-	1.81	2.68	2.07	1.61
Current Portion of Leases	-	0.89	1.56	0.89	0.96
Current Income Taxes Payable	-	3.99	-	1.13	1.06
Other Current Liabilities	180.52	23.4	8	5.97	14.07
Total Current Liabilities	180.52	214.7	246.09	417.4	261.34
Long-Term Debt	-	308.63	290.41	272.57	185.67
Long-Term Leases	-	6.79	7.45	7.37	6.78
Long-Term Unearned Revenue	-	38.16	36.11	34.47	27.4
Pension & Post-Retirement Benefits	-	4.82	6.22	5.99	5.19
Long-Term Deferred Tax Liabilities	-	17.1	17.62	19.61	13.23
Other Long-Term Liabilities	87.28	4.33	3.81	3.81	2.44
Total Liabilities	267.8	594.53	607.7	761.21	502.05
Common Stock	912.4	234.41	234.41	234.41	234.41
Retained Earnings	614.21	240.11	240.46	232.46	253.04
Treasury Stock	-	-55.99	-55.42	-55.42	-55.42
Comprehensive Income & Other	-	429.43	425.31	454.84	436.51
Total Common Equity	1,527	847.97	844.75	866.28	868.54
Minority Interest	0.01	9.82	9.53	20.12	-0.04
Shareholders' Equity	1,527	857.79	854.28	886.4	868.51
Total Liabilities & Equity	1,794	1,452	1,462	1,648	1,371
Total Debt	-	425.6	447.77	498.3	394.06
Net Cash (Debt)	-	-390.67	-393.61	-415.71	-351.26
Net Cash Per Share	-	-1.80	-1.82	-1.92	-1.62
Filing Date Shares Outstanding	216.44	216.44	216.71	216.71	216.71
Total Common Shares Outstanding	216.44	216.44	216.71	216.71	216.71
Working Capital	-0.52	136.37	-60.56	-167.58	-155.47
Book Value Per Share	7.05	3.92	3.90	4.00	4.01
Tangible Book Value	209.72	60.55	78.4	106.54	221.27
Tangible Book Value Per Share	0.97	0.28	0.36	0.49	1.02
Land	-	62.69	57.87	51.03	45.1
Machinery	-	202.46	166.22	165.54	23.27
Construction In Progress	-	15.81	41.66	24.62	24.57

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