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	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	1,243	845.3	1,316	1,333	1,942	885.6
Short-Term Investments	-	-	-	1.6	-	-
Trading Asset Securities	-	26.5	62.5	131.9	132.1	128.2
Accounts Receivable	3,155	2,704	3,436	4,020	3,875	2,928
Other Receivables	16.7	622.7	853	268.2	160.6	117.9
Inventory	77.9	213.2	168.1	198.5	995.1	368
Prepaid Expenses	-	44.3	42	34.7	29.5	26.5
Loans Receivable Current	-	39.1	4.7	6.3	7.2	5.8
Other Current Assets	1,298	347.4	379.1	646.9	2,059	1,982
Total Current Assets	5,791	4,842	6,261	6,641	9,201	6,442
Property, Plant & Equipment	2,455	2,414	2,245	2,148	2,067	2,041
Goodwill	1,098	950	933	908.7	848.1	842.9
Other Intangible Assets	5,313	5,241	4,946	4,720	4,417	4,127
Long-Term Investments	186.9	193.2	176.6	197.9	193.3	207.3
Long-Term Loans Receivable	-	6.5	15.6	19.6	27	35.8
Long-Term Deferred Tax Assets	339.7	340.1	342.9	302.3	240.4	229.4
Long-Term Accounts Receivable	-	114.1	102.2	100.3	80.4	59.2
Other Long-Term Assets	152.8	29.2	38.2	42.8	44.4	47.9
Total Assets	15,337	14,130	15,061	15,080	17,119	14,032
Accounts Payable	1,846	1,840	2,724	2,619	3,093	2,357
Accrued Expenses	-	223.4	219.1	287.1	235.2	300.3
Short-Term Debt	-	161.4	151.9	92.6	316.6	64.8
Current Portion of Long-Term Debt	922.5	450.5	1,075	819.8	331.8	434.9
Current Unearned Revenue	42.3	403.7	517.3	675.2	271.9	396.3
Current Portion of Leases	26	24.4	24.4	24.5	21.3	43.4
Current Income Taxes Payable	42.3	12.8	48.2	110.2	17.1	27.9
Other Current Liabilities	2,369	1,298	1,187	1,358	2,562	2,442
Total Current Liabilities	5,248	4,414	5,947	5,987	6,849	6,067
Long-Term Debt	4,504	4,318	4,155	4,094	5,197	3,730
Long-Term Leases	62.6	62.4	54.7	56.8	55.1	53.2
Pension & Post-Retirement Benefits	76.1	74.3	79.9	88.1	92	105.4
Long-Term Deferred Tax Liabilities	159	155.4	144.8	156.9	215.7	132.1
Other Long-Term Liabilities	710.5	706	693.1	945.6	1,065	528
Total Liabilities	10,760	9,730	11,074	11,328	13,474	10,615
Common Stock	1,478	1,490	1,490	1,490	1,490	1,489
Retained Earnings	154.6	623.8	640.6	575.3	255.2	333.5
Treasury Stock	-	-11.1	-108.3	-101.8	-82.1	-55.4
Comprehensive Income & Other	2,618	1,979	1,658	1,475	1,736	1,433
Total Common Equity	4,250	4,081	3,680	3,438	3,398	3,200
Minority Interest	326.5	318.3	306.8	313.4	246.3	216.6
Shareholders' Equity	4,577	4,400	3,987	3,752	3,645	3,417
Total Liabilities & Equity	15,337	14,130	15,061	15,080	17,119	14,032
Total Debt	5,515	5,017	5,460	5,088	5,922	4,326
Net Cash (Debt)	-4,272	-4,145	-4,082	-3,621	-3,847	-3,312
Net Cash Per Share	-2.91	-2.83	-2.83	-2.50	-2.64	-2.27
Filing Date Shares Outstanding	1,478	1,478	1,441	1,444	1,451	1,460
Total Common Shares Outstanding	1,478	1,478	1,441	1,444	1,451	1,460
Working Capital	543.3	427.8	314.8	653.7	2,352	375.3
Book Value Per Share	2.87	2.76	2.55	2.38	2.34	2.19
Tangible Book Value	-2,161	-2,109	-2,199	-2,190	-1,867	-1,769
Tangible Book Value Per Share	-1.46	-1.43	-1.53	-1.52	-1.29	-1.21
Land	-	123.4	1,014	955	908.7	856.8
Buildings	-	934.5	-	-	-	-
Machinery	-	3,440	3,301	3,152	3,060	3,006
Construction In Progress	-	358.2	254.2	246.1	183	122.1

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