ENAV S.p.A. 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	-	356.82	224.88	267.73	225.31
Cash & Short-Term Investments	-	356.82	224.88	267.73	225.31
Cash Growth	-	58.67%	-16.01%	18.83%	-30.86%
Accounts Receivable	260.92	456	391.3	333.57	177.16
Other Receivables	-	19.78	32.18	34.67	52.41
Receivables	260.92	475.78	423.49	368.24	229.57
Inventory	59.82	60.47	62.78	61.08	61.52
Other Current Assets	187.63	7.79	3.65	3.94	3.55
Total Current Assets	508.36	900.87	714.79	700.99	519.95
Property, Plant & Equipment	805.7	810.36	822.84	851.69	884.72
Long-Term Investments	53.73	55.09	47.03	36.65	47.6
Goodwill	-	93.47	93.47	93.47	93.47
Other Intangible Assets	190.7	96.06	96.83	86.95	82.72
Long-Term Accounts Receivable	195.1	385.45	526.84	606.78	687.25
Long-Term Deferred Tax Assets	22.97	31.58	33.59	36.32	33.25
Other Long-Term Assets	-	0.05	0.05	6.14	7.16
Total Assets	1,777	2,373	2,335	2,419	2,356
Accounts Payable	145.66	145.2	189.95	136.99	113.04
Accrued Expenses	-	21.8	22.95	26.22	14.7
Current Portion of Long-Term Debt	-	-	-	431.65	250.32
Current Portion of Leases	-	1.73	2.55	2.01	1.91
Current Income Taxes Payable	-	11.77	14.88	30.6	18.19
Current Unearned Revenue	-	96.65	90.7	83.19	49.93
Other Current Liabilities	149.8	88.49	84.68	53.59	61.36
Total Current Liabilities	295.45	365.64	405.7	764.25	509.44
Long-Term Debt	137.45	-	-	165.09	411.43
Long-Term Leases	-	2.79	2.38	2.57	3.77
Pension & Post-Retirement Benefits	32.36	-	-	-	-
Long-Term Deferred Tax Liabilities	-	4.36	4.68	5.79	6.19
Other Long-Term Liabilities	142.37	770.77	703.93	274.39	262.2
Total Liabilities	607.64	1,144	1,117	1,212	1,193
Common Stock	1,168	541.74	541.74	541.74	541.74
Retained Earnings	-	244.06	242.75	236.38	189.78
Treasury Stock	-	-1.62	-2.69	-1.54	-2.15
Comprehensive Income & Other	-	444.16	435.8	428.96	431.86
Total Common Equity	1,168	1,228	1,218	1,206	1,161
Minority Interest	1.08	1.01	1.13	1.34	1.85
Shareholders' Equity	1,169	1,229	1,219	1,207	1,163
Total Liabilities & Equity	1,777	2,373	2,335	2,419	2,356
Total Debt	137.45	4.52	4.93	601.32	667.43
Net Cash (Debt)	-137.45	352.3	219.94	-333.59	-442.12
Net Cash Growth	-	60.18%	-	-	-
Net Cash Per Share	-	0.65	0.41	-0.62	-0.82
Filing Date Shares Outstanding	-	541.36	541.11	541.37	541.23
Total Common Shares Outstanding	-	541.36	541.11	541.37	541.23
Working Capital	212.91	535.23	309.09	-63.26	10.5
Book Value Per Share	-	2.27	2.25	2.23	2.15
Tangible Book Value	977.14	1,039	1,027	1,025	985.04
Tangible Book Value Per Share	-	1.92	1.90	1.89	1.82
Land	-	587.24	571.13	564.78	559.71
Machinery	-	2,386	2,304	2,284	2,270
Construction In Progress	-	276.24	298.77	260.26	240.1

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