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	447.67	356.82	224.88	267.73	225.31
Cash & Short-Term Investments	447.67	356.82	224.88	267.73	225.31
Cash Growth	25.46%	58.67%	-16.01%	18.83%	-30.86%
Accounts Receivable	260.92	232.46	391.3	333.57	177.16
Other Receivables	272.2	224.2	32.18	34.67	52.41
Receivables	533.12	456.66	423.49	368.24	229.57
Inventory	59.82	60.47	62.78	61.08	61.52
Other Current Assets	7.01	24.9	3.65	3.94	3.55
Total Current Assets	1,048	898.85	714.79	700.99	519.95
Property, Plant & Equipment	805.7	810.36	822.84	851.69	884.72
Long-Term Investments	54.08	55.09	47.03	36.65	47.6
Goodwill	93.47	93.47	93.47	93.47	93.47
Other Intangible Assets	97.22	96.05	96.83	86.95	82.72
Long-Term Accounts Receivable	0.27	-	526.84	606.78	687.25
Long-Term Deferred Tax Assets	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	2,317	2,367	2,335	2,419	2,356
Accounts Payable	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	379.73	20.28	-	431.65	250.32
Current Portion of Leases	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	101.19	90.05	84.68	53.59	61.36
Total Current Liabilities	768.34	363.63	405.7	764.25	509.44
Long-Term Debt	188.02	564.87	-	165.09	411.43
Long-Term Leases	8.76	2.79	2.38	2.57	3.77
Long-Term Unearned Revenue	137.26	138	-	-	-
Long-Term Deferred Tax Liabilities	0.04	0.41	4.68	5.79	6.19
Other Long-Term Liabilities	45.19	67.9	703.93	274.39	262.2
Total Liabilities	1,148	1,138	1,117	1,212	1,193
Common Stock	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	1,168	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	2,317	2,367	2,335	2,419	2,356
Total Debt	579.21	589.66	4.93	601.32	667.43
Net Cash (Debt)	-131.54	-232.84	219.94	-333.59	-442.12
Net Cash Per Share	-0.24	-0.43	0.41	-0.62	-0.82
Filing Date Shares Outstanding	540.33	541.36	541.11	541.37	541.23
Total Common Shares Outstanding	540.33	541.36	541.11	541.37	541.23
Working Capital	279.28	535.23	309.09	-63.26	10.5
Book Value Per Share	2.16	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	1.81	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

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