Hera 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	Jun '26 Jun 30, 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	1,294	845.3	1,316	1,333	1,942	885.6
Cash & Short-Term Investments	1,294	845.3	1,316	1,333	1,942	885.6
Cash Growth	0.35%	-35.75%	-1.29%	-31.38%	119.33%	-10.28%
Accounts Receivable	2,657	2,606	3,173	3,587	3,875	2,918
Other Receivables	150.5	89.5	263.9	433.1	-	-
Total Trade Receivables	2,808	2,695	3,436	4,020	3,875	2,918
Inventory	191.5	213.2	168.1	198.5	995.1	368
Other Current Assets	1,138	1,088	1,341	1,090	2,388	2,270
Total Current Assets	5,432	4,842	6,261	6,641	9,201	6,442
Net Property, Plant & Equipment	2,508	2,414	2,245	2,150	2,069	2,043
Other Intangible Assets	5,494	5,241	4,946	4,720	4,417	4,127
Goodwill	1,026	950	933	908.7	848.1	842.9
Long-Term Investments	173.2	191.2	174.6	195.6	190.3	198.5
Other Long-Term Assets	487.2	491.9	500.9	465.4	393.2	379
Total Assets	15,120	14,130	15,061	15,080	17,119	14,032
Accounts Payable	1,768	1,840	2,724	2,619	3,093	2,357
Accrued Expenses	27	12.8	48.2	110.2	17.1	27.9
Current Portion of Long-Term Debt	823.1	611.9	1,227	890.8	650.1	499.7
Current Portion of Leases	25.2	24.4	24.4	24.5	21.3	43.4
Unearned Revenue	40.3	26.1	203.2	397.4	-	-
Other Current Liabilities	2,113	1,899	1,720	1,945	3,068	3,139
Total Current Liabilities	4,797	4,414	5,947	5,987	6,849	6,067
Long-Term Debt	4,920	4,318	4,155	4,422	5,690	3,716
Long-Term Leases	60.7	62.4	54.7	56.8	55.1	53.2
Other Long-Term Liabilities	969.8	935.7	917.8	862.8	879.6	779
Total Long-Term Liabilities	5,951	5,316	5,127	5,341	6,625	4,548
Total Liabilities	10,748	9,730	11,074	11,328	13,474	10,615
Common Stock	1,474	1,478	1,441	1,443	1,450	1,460
Additional Paid-in Capital	2,363	2,139	1,745	1,554	1,693	1,407
Retained Earnings	235.5	464.3	494.5	441.4	255.2	333.5
Total Common Shareholders' Equity	4,072	4,081	3,680	3,438	3,398	3,200
Minority Interest	300.5	318.3	306.8	313.4	246.3	216.6
Shareholders' Equity	4,372	4,400	3,987	3,752	3,645	3,417
Total Liabilities & Equity	15,120	14,130	15,061	15,080	17,119	14,032
Total Debt	5,829	5,017	5,460	5,394	6,416	4,312
Net Cash (Debt)	-4,535	-4,171	-4,145	-4,061	-4,474	-3,427
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.08	-2.84	-2.88	-2.81	-3.08	-2.35
Book Value	4,072	4,081	3,680	3,438	3,398	3,200
Book Value Per Share	2.76	2.78	2.55	2.38	2.34	2.19
Tangible Book Value	-2,449	-2,109	-2,199	-2,190	-1,867	-1,769
Tangible Book Value Per Share	-1.66	-1.44	-1.53	-1.51	-1.28	-1.21