Hera 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	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	2,704	3,436	4,020	3,875	2,928
Other Receivables	622.7	853	268.2	160.6	117.9
Inventory	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	347.4	379.1	646.9	2,059	1,982
Total Current Assets	4,842	6,261	6,641	9,201	6,442
Property, Plant & Equipment	2,414	2,245	2,148	2,067	2,041
Goodwill	950	933	908.7	848.1	842.9
Other Intangible Assets	5,241	4,946	4,720	4,417	4,127
Long-Term Investments	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	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	29.2	38.2	42.8	44.4	47.9
Total Assets	14,130	15,061	15,080	17,119	14,032
Accounts Payable	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	450.5	1,075	819.8	331.8	434.9
Current Unearned Revenue	403.7	517.3	675.2	271.9	396.3
Current Portion of Leases	24.4	24.4	24.5	21.3	43.4
Current Income Taxes Payable	12.8	48.2	110.2	17.1	27.9
Other Current Liabilities	1,298	1,187	1,358	2,562	2,442
Total Current Liabilities	4,414	5,947	5,987	6,849	6,067
Long-Term Debt	4,318	4,155	4,094	5,197	3,730
Long-Term Leases	62.4	54.7	56.8	55.1	53.2
Pension & Post-Retirement Benefits	74.3	79.9	88.1	92	105.4
Long-Term Deferred Tax Liabilities	155.4	144.8	156.9	215.7	132.1
Other Long-Term Liabilities	706	693.1	945.6	1,065	528
Total Liabilities	9,730	11,074	11,328	13,474	10,615
Common Stock	1,490	1,490	1,490	1,490	1,489
Retained Earnings	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	1,979	1,658	1,475	1,736	1,433
Total Common Equity	4,081	3,680	3,438	3,398	3,200
Minority Interest	318.3	306.8	313.4	246.3	216.6
Shareholders' Equity	4,400	3,987	3,752	3,645	3,417
Total Liabilities & Equity	14,130	15,061	15,080	17,119	14,032
Total Debt	5,017	5,460	5,088	5,922	4,326
Net Cash (Debt)	-4,145	-4,082	-3,621	-3,847	-3,312
Net Cash Per Share	-2.83	-2.83	-2.50	-2.64	-2.27
Filing Date Shares Outstanding	1,478	1,441	1,444	1,451	1,460
Total Common Shares Outstanding	1,478	1,441	1,444	1,451	1,460
Working Capital	427.8	314.8	653.7	2,352	375.3
Book Value Per Share	2.76	2.55	2.38	2.34	2.19
Tangible Book Value	-2,109	-2,199	-2,190	-1,867	-1,769
Tangible Book Value Per Share	-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.