ERG 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	419.83	600.97	467.57	392.81	860.35
Short-Term Investments	83.26	438.31	237.7	205.14	424.28
Trading Asset Securities	5.44	7.48	30.77	35.76	-
Accounts Receivable	135.35	134.32	157.9	202.47	320.2
Other Receivables	97.79	79.26	100.4	82.54	124.96
Inventory	24.99	23.44	20.02	17.6	32.3
Other Current Assets	122.69	48.11	54.31	144.42	947.11
Total Current Assets	889.35	1,332	1,069	1,307	2,709
Property, Plant & Equipment	3,106	3,212	2,569	2,274	2,048
Goodwill	441.89	453.99	412.51	408.05	306.12
Other Intangible Assets	968.61	1,126	990.87	971.67	689.06
Long-Term Investments	23.4	37.19	36.75	34.91	13.1
Long-Term Deferred Tax Assets	76	54.33	41.4	138.24	150.35
Other Long-Term Assets	112.89	102.4	93.26	92.32	87.72
Total Assets	5,618	6,318	5,212	5,226	6,004
Accounts Payable	77.02	123.55	122.04	123	254.37
Accrued Expenses	41.11	26.46	26.16	25.95	20.14
Short-Term Debt	225.64	185.56	158.19	62.19	1,052
Current Portion of Long-Term Debt	30.91	539.72	27.96	311.52	290.6
Current Unearned Revenue	3.85	3.31	2.49	7.27	4.94
Current Portion of Leases	5.2	6.51	6.35	22.37	6.28
Current Income Taxes Payable	20.02	35.39	40.22	52.31	19.8
Other Current Liabilities	81.57	62.94	61.23	231.2	260.86
Total Current Liabilities	485.31	983.44	444.64	835.81	1,909
Long-Term Debt	2,139	2,141	2,016	1,751	2,074
Long-Term Leases	228.27	222.92	165.69	150.96	122.66
Long-Term Unearned Revenue	21.11	9.35	14.5	0.79	1.48
Pension & Post-Retirement Benefits	2.52	2.71	3.54	3.72	4.29
Long-Term Deferred Tax Liabilities	215.25	219	191.96	197.26	107.27
Other Long-Term Liabilities	481.04	516.32	235.98	231.9	215.97
Total Liabilities	3,573	4,095	3,072	3,172	4,435
Common Stock	15.03	15.03	15.03	15.03	15.03
Additional Paid-In Capital	74.54	74.54	74.54	74.54	69.17
Retained Earnings	326.39	448.52	482.01	820.2	727.62
Treasury Stock	-109.73	-97.94	-66.74	-5.38	-
Comprehensive Income & Other	1,674	1,706	1,628	1,141	747.17
Total Common Equity	1,980	2,147	2,133	2,045	1,559
Minority Interest	65.35	76.48	6.66	9.33	9.64
Shareholders' Equity	2,045	2,223	2,140	2,055	1,569
Total Liabilities & Equity	5,618	6,318	5,212	5,226	6,004
Total Debt	2,629	3,096	2,374	2,298	3,546
Net Cash (Debt)	-2,121	-2,049	-1,638	-1,665	-2,261
Net Cash Per Share	-14.59	-14.01	-10.97	-11.13	-15.17
Filing Date Shares Outstanding	145.35	145.35	145.78	149.54	149.54
Total Common Shares Outstanding	145.35	145.95	147.13	149.54	149.54
Working Capital	404.04	348.45	624.02	471	800.14
Book Value Per Share	13.62	14.71	14.50	13.68	10.43
Tangible Book Value	569.63	567.09	729.66	665.64	563.8
Tangible Book Value Per Share	3.92	3.89	4.96	4.45	3.77
Land	121.8	119.92	104.39	99.83	116.95
Machinery	5,442	5,362	4,427	4,251	4,170
Construction In Progress	103.59	137.34	355.54	214.46	248.93

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