ERG 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	-	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	72	122.69	48.11	54.31	144.42	947.11
Total Current Assets	72	889.35	1,332	1,069	1,307	2,709
Property, Plant & Equipment	3,168	3,106	3,212	2,569	2,274	2,048
Goodwill	-	441.89	453.99	412.51	408.05	306.12
Other Intangible Assets	1,478	968.61	1,126	990.87	971.67	689.06
Long-Term Investments	52	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	308	112.89	102.4	93.26	92.32	87.72
Total Assets	5,078	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	1,812	2,139	2,141	2,016	1,751	2,074
Long-Term Leases	246	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	3	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	910	481.04	516.32	235.98	231.9	215.97
Total Liabilities	2,971	3,573	4,095	3,072	3,172	4,435
Common Stock	2,043	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	2,043	1,980	2,147	2,133	2,045	1,559
Minority Interest	64	65.35	76.48	6.66	9.33	9.64
Shareholders' Equity	2,107	2,045	2,223	2,140	2,055	1,569
Total Liabilities & Equity	5,078	5,618	6,318	5,212	5,226	6,004
Total Debt	2,058	2,629	3,096	2,374	2,298	3,546
Net Cash (Debt)	-2,058	-2,121	-2,049	-1,638	-1,665	-2,261
Net Cash Per Share	-14.16	-14.59	-14.01	-10.97	-11.13	-15.17
Filing Date Shares Outstanding	145.35	145.35	145.35	145.78	149.54	149.54
Total Common Shares Outstanding	145.35	145.35	145.95	147.13	149.54	149.54
Working Capital	72	404.04	348.45	624.02	471	800.14
Book Value Per Share	14.06	13.62	14.71	14.50	13.68	10.43
Tangible Book Value	565	569.63	567.09	729.66	665.64	563.8
Tangible Book Value Per Share	3.89	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