Piaggio & C. SpA 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	121.13	149.69	181.69	242.62	260.87
Cash & Short-Term Investments	121.13	149.69	181.69	242.62	260.87
Cash Growth	-19.08%	-17.61%	-25.11%	-7.00%	13.38%
Accounts Receivable	74.7	72.12	58.88	67.14	71.23
Other Receivables	40.69	92.04	87.2	82.45	55.66
Receivables	115.39	164.15	146.08	149.59	126.88
Inventory	274.04	323.7	328.02	379.68	278.54
Other Current Assets	14.89	16.88	24.74	18.83	19.33
Total Current Assets	525.45	654.42	680.53	790.72	685.62
Property, Plant & Equipment	314.82	331.18	317.84	321.03	306.32
Long-Term Investments	4.54	7.13	8.67	10.51	11.06
Goodwill	446.94	446.94	446.94	446.94	446.94
Other Intangible Assets	205.13	213.36	189.62	203.29	193.12
Long-Term Deferred Tax Assets	75.51	71.35	70.44	71.61	72.48
Long-Term Deferred Charges	134.11	142.13	127	90.06	95.1
Other Long-Term Assets	26.47	25.36	24.89	24.68	25.04
Total Assets	1,733	1,892	1,866	1,959	1,836
Accounts Payable	475.46	571.12	619	739.83	623.56
Accrued Expenses	37.84	96.05	86.97	70.29	50.19
Short-Term Debt	68.17	89.61	58.23	22.48	30.19
Current Portion of Long-Term Debt	97.4	43.93	66.65	48.67	56.65
Current Portion of Leases	7.78	10.02	10.34	11.19	7.6
Current Income Taxes Payable	4.82	5.57	6.88	11.65	9.01
Current Unearned Revenue	14.12	6.36	9.71	4.23	3.8
Other Current Liabilities	44.25	43.48	43.07	41.62	31.76
Total Current Liabilities	749.83	866.12	900.84	949.96	812.76
Long-Term Debt	514.32	523.62	467.11	510.79	532.25
Long-Term Leases	11.15	16.59	19.67	17.71	14.54
Long-Term Unearned Revenue	9.93	11.64	7.38	11.32	8.07
Pension & Post-Retirement Benefits	23.62	24.8	25.22	25.71	33.07
Long-Term Deferred Tax Liabilities	5.52	6.73	7.09	5.17	7.5
Other Long-Term Liabilities	22.29	24.19	22.65	20.37	23.41
Total Liabilities	1,337	1,474	1,450	1,541	1,432
Common Stock	207.61	207.61	207.61	207.61	207.61
Additional Paid-In Capital	7.17	7.17	7.17	7.17	7.17
Retained Earnings	278.04	272.46	274.97	267.35	231.94
Treasury Stock	-4.99	-2.69	-1.41	-7.69	-2.02
Comprehensive Income & Other	-91.36	-66.24	-72.2	-56.47	-40.47
Total Common Equity	396.47	418.31	416.15	417.98	404.24
Minority Interest	-0.15	-0.15	-0.18	-0.17	-0.15
Shareholders' Equity	396.33	418.16	415.97	417.81	404.09
Total Liabilities & Equity	1,733	1,892	1,866	1,959	1,836
Total Debt	698.81	683.77	621.98	610.84	641.22
Net Cash (Debt)	-577.67	-534.08	-440.29	-368.23	-380.36
Net Cash Per Share	-1.64	-1.51	-1.24	-1.03	-1.07
Filing Date Shares Outstanding	352.4	353.6	354.21	354.63	357.11
Total Common Shares Outstanding	352.4	353.6	354.21	354.63	357.11
Working Capital	-224.38	-211.71	-220.31	-159.25	-127.14
Book Value Per Share	1.13	1.18	1.17	1.18	1.13
Tangible Book Value	-255.6	-241.99	-220.42	-232.25	-235.82
Tangible Book Value Per Share	-0.73	-0.68	-0.62	-0.65	-0.66
Land	36.26	37.65	-	-	-
Buildings	182.77	188.54	-	-	-
Machinery	1,082	1,093	-	-	-
Construction In Progress	63.32	48.73	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.