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
Cash & Short-Term Investments	1,243	845.3	1,316	1,333	1,942	885.6
Cash Growth	-33.01%	-35.75%	-1.29%	-31.38%	119.33%	-10.28%
Accounts Receivable	3,008	2,606	3,173	3,587	3,875	2,918
Other Receivables	146.9	89.5	263.9	433.1	-	-
Total Trade Receivables	3,155	2,695	3,436	4,020	3,875	2,918
Inventory	77.9	213.2	168.1	198.5	995.1	368
Other Current Assets	1,315	1,088	1,341	1,090	2,388	2,270
Total Current Assets	5,791	4,842	6,261	6,641	9,201	6,442
Net Property, Plant & Equipment	2,455	2,414	2,245	2,150	2,069	2,043
Other Intangible Assets	5,313	5,241	4,946	4,720	4,417	4,127
Goodwill	1,098	950	933	908.7	848.1	842.9
Long-Term Investments	186.9	191.2	174.6	195.6	190.3	198.5
Other Long-Term Assets	492.5	491.9	500.9	465.4	393.2	379
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	42.3	12.8	48.2	110.2	17.1	27.9
Current Portion of Long-Term Debt	922.5	611.9	1,227	890.8	650.1	499.7
Current Portion of Leases	26	24.4	24.4	24.5	21.3	43.4
Unearned Revenue	42.3	26.1	203.2	397.4	-	-
Other Current Liabilities	2,369	1,899	1,720	1,945	3,068	3,139
Total Current Liabilities	5,248	4,414	5,947	5,987	6,849	6,067
Long-Term Debt	4,504	4,318	4,155	4,422	5,690	3,716
Long-Term Leases	62.6	62.4	54.7	56.8	55.1	53.2
Other Long-Term Liabilities	945.6	935.7	917.8	862.8	879.6	779
Total Long-Term Liabilities	5,512	5,316	5,127	5,341	6,625	4,548
Total Liabilities	10,760	9,730	11,074	11,328	13,474	10,615
Common Stock	1,478	1,478	1,441	1,443	1,450	1,460
Additional Paid-in Capital	2,618	2,139	1,745	1,554	1,693	1,407
Retained Earnings	154.6	464.3	494.5	441.4	255.2	333.5
Total Common Shareholders' 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	5,394	6,416	4,312
Net Cash (Debt)	-4,272	-4,171	-4,145	-4,061	-4,474	-3,427
Net Cash Per Share	-2.91	-2.84	-2.88	-2.81	-3.08	-2.35
Book Value	4,250	4,081	3,680	3,438	3,398	3,200
Book Value Per Share	2.89	2.78	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	-1.47	-1.44	-1.53	-1.51	-1.28	-1.21