Leonardo 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	986	3,238	2,556	2,407	1,511	2,479
Cash & Short-Term Investments	986	3,238	2,556	2,407	1,511	2,479
Cash Growth	-45.47%	26.68%	6.19%	59.30%	-39.05%	12.02%
Accounts Receivable	9,020	7,592	7,724	7,321	6,990	6,951
Other Receivables	516	334	326	287	223	303
Receivables	9,813	8,170	8,402	7,813	7,318	7,254
Inventory	8,488	7,028	6,520	5,693	5,338	5,486
Prepaid Expenses	175	175	149	140	110	104
Other Current Assets	423	480	577	345	362	246
Total Current Assets	19,885	19,091	18,204	16,398	14,639	15,569
Property, Plant & Equipment	3,873	3,617	3,412	3,108	2,904	2,652
Long-Term Investments	1,776	1,864	1,899	2,101	2,122	1,345
Goodwill	5,654	4,312	4,537	3,899	3,925	3,836
Other Intangible Assets	1,122	1,086	1,117	742	768	634
Long-Term Deferred Tax Assets	1,076	1,001	1,104	1,213	1,133	1,035
Long-Term Deferred Charges	3,282	3,176	3,100	2,953	2,746	2,624
Other Long-Term Assets	393	362	300	262	332	670
Total Assets	37,061	34,509	33,673	30,693	28,582	28,379
Accounts Payable	3,922	3,504	3,763	3,268	3,054	3,372
Accrued Expenses	1,281	1,110	1,000	884	931	870
Short-Term Debt	-	-	-	1	1	1
Current Portion of Long-Term Debt	2,686	2,496	2,242	1,965	1,004	1,489
Current Portion of Leases	101	97	85	79	78	82
Current Income Taxes Payable	219	200	128	104	127	44
Current Unearned Revenue	12,014	10,335	9,702	8,939	8,199	8,076
Other Current Liabilities	1,879	1,838	1,884	1,759	1,784	1,662
Total Current Liabilities	22,102	19,580	18,804	16,999	15,178	15,596
Long-Term Debt	1,203	1,385	1,817	2,354	3,039	3,626
Long-Term Leases	523	511	556	531	492	486
Long-Term Unearned Revenue	79	80	82	84	79	80
Pension & Post-Retirement Benefits	300	306	315	301	315	362
Long-Term Deferred Tax Liabilities	405	402	375	268	246	340
Other Long-Term Liabilities	1,583	1,505	1,524	1,595	1,534	1,434
Total Liabilities	26,195	23,769	23,473	22,132	20,883	21,924
Common Stock	2,544	2,544	2,544	2,544	2,544	2,544
Retained Earnings	7,424	7,430	6,555	5,660	4,975	4,185
Treasury Stock	-11	-35	-16	-26	-26	-26
Comprehensive Income & Other	-287	-379	-93	-378	-310	-275
Total Common Equity	9,670	9,560	8,990	7,800	7,183	6,428
Minority Interest	1,196	1,180	1,210	761	516	27
Shareholders' Equity	10,866	10,740	10,200	8,561	7,699	6,455
Total Liabilities & Equity	37,061	34,509	33,673	30,693	28,582	28,379
Total Debt	4,513	4,489	4,700	4,930	4,614	5,684
Net Cash (Debt)	-3,527	-1,251	-2,144	-2,523	-3,103	-3,205
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.11	-2.17	-3.72	-4.39	-5.39	-5.57
Filing Date Shares Outstanding	577.77	576.94	576.44	575.31	575.31	575.31
Total Common Shares Outstanding	577.77	576.94	576.44	575.31	575.31	575.31
Working Capital	-2,217	-489	-600	-601	-539	-27
Book Value Per Share	16.74	16.57	15.60	13.56	12.49	11.17
Tangible Book Value	2,894	4,162	3,336	3,159	2,490	1,958
Tangible Book Value Per Share	5.01	7.21	5.79	5.49	4.33	3.40
Land	-	2,021	1,947	1,807	1,689	1,647
Machinery	-	5,230	5,084	4,517	4,314	4,212
Construction In Progress	-	553	475	399	391	250
Order Backlog	-	46,624	44,178	39,529	37,506	35,534