ENAV S.p.A. Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	382.52	447.67	356.82	224.88	267.73	225.31
Cash & Short-Term Investments	382.52	447.67	356.82	224.88	267.73	225.31
Cash Growth	-1.39%	25.46%	58.67%	-16.01%	18.83%	-30.86%
Accounts Receivable	268.92	260.92	232.46	391.3	333.57	177.16
Other Receivables	-	272.2	224.2	32.18	34.67	52.41
Receivables	268.92	533.12	456.66	423.49	368.24	229.57
Inventory	60.08	59.82	60.47	62.78	61.08	61.52
Other Current Assets	180.34	7.01	24.9	3.65	3.94	3.55
Total Current Assets	891.85	1,048	898.85	714.79	700.99	519.95
Property, Plant & Equipment	800.94	805.7	810.36	822.84	851.69	884.72
Long-Term Investments	54.92	54.08	55.09	47.03	36.65	47.6
Goodwill	-	93.47	93.47	93.47	93.47	93.47
Other Intangible Assets	196.79	97.22	96.05	96.83	86.95	82.72
Long-Term Accounts Receivable	167.08	0.27	-	526.84	606.78	687.25
Long-Term Deferred Tax Assets	22.97	23.01	27.62	33.59	36.32	33.25
Other Long-Term Assets	-	195.16	385.5	0.05	6.14	7.16
Total Assets	2,135	2,317	2,367	2,335	2,419	2,356
Accounts Payable	143.87	138.9	123.37	189.95	136.99	113.04
Accrued Expenses	-	34.67	31.32	22.95	26.22	14.7
Current Portion of Long-Term Debt	22.47	379.73	20.28	-	431.65	250.32
Current Portion of Leases	3.1	2.71	1.73	2.55	2.01	1.91
Current Income Taxes Payable	-	0.79	0.23	14.88	30.6	18.19
Current Unearned Revenue	-	110.36	96.65	90.7	83.19	49.93
Other Current Liabilities	190.7	101.19	90.05	84.68	53.59	61.36
Total Current Liabilities	360.15	768.34	363.63	405.7	764.25	509.44
Long-Term Debt	448.02	188.02	564.87	-	165.09	411.43
Long-Term Leases	8.29	8.76	2.79	2.38	2.57	3.77
Long-Term Unearned Revenue	-	137.26	138	-	-	-
Pension & Post-Retirement Benefits	31.21	32.36	36.43	-	-	-
Long-Term Deferred Tax Liabilities	-	0.04	0.41	4.68	5.79	6.19
Other Long-Term Liabilities	138.83	12.83	31.48	703.93	274.39	262.2
Total Liabilities	986.5	1,148	1,138	1,117	1,212	1,193
Common Stock	1,147	541.74	541.74	541.74	541.74	541.74
Retained Earnings	-	198.6	244.44	242.75	236.38	189.78
Treasury Stock	-	-6.6	-1.62	-2.69	-1.54	-2.15
Comprehensive Income & Other	-	434.09	443.78	435.8	428.96	431.86
Total Common Equity	1,147	1,168	1,228	1,218	1,206	1,161
Minority Interest	0.94	1.08	1.01	1.13	1.34	1.85
Shareholders' Equity	1,148	1,169	1,229	1,219	1,207	1,163
Total Liabilities & Equity	2,135	2,317	2,367	2,335	2,419	2,356
Total Debt	481.88	579.21	589.66	4.93	601.32	667.43
Net Cash (Debt)	-99.37	-131.54	-232.84	219.94	-333.59	-442.12
Net Cash Per Share	-0.18	-0.24	-0.43	0.41	-0.62	-0.82
Filing Date Shares Outstanding	540.33	540.33	541.36	541.11	541.37	541.23
Total Common Shares Outstanding	540.33	540.33	541.36	541.11	541.37	541.23
Working Capital	531.7	279.28	535.23	309.09	-63.26	10.5
Book Value Per Share	2.12	2.16	2.27	2.25	2.23	2.15
Tangible Book Value	950.32	977.14	1,039	1,027	1,025	985.04
Tangible Book Value Per Share	1.76	1.81	1.92	1.90	1.89	1.82
Land	-	603.49	587.24	571.13	564.78	559.71
Machinery	-	2,410	2,386	2,304	2,284	2,270
Construction In Progress	-	283.22	276.24	298.77	260.26	240.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.