Pirelli & C. 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	944.03	1,526	1,503	1,253	1,290	1,885
Trading Asset Securities	66.69	80.41	165.97	228.76	250.18	113.9
Cash & Short-Term Investments	1,011	1,606	1,669	1,482	1,540	1,999
Cash Growth	0.90%	-3.74%	12.63%	-3.79%	-22.95%	-14.40%
Accounts Receivable	943.72	664.2	658.2	678.87	671.55	692.13
Other Receivables	381.21	383.58	445.72	422.36	733.78	455.43
Receivables	1,325	1,048	1,104	1,101	1,405	1,148
Inventory	1,485	1,456	1,468	1,371	1,458	1,092
Other Current Assets	15.73	25.04	22.32	13.03	19.38	46.56
Total Current Assets	3,837	4,135	4,263	3,967	4,422	4,285
Property, Plant & Equipment	3,823	3,366	3,428	3,409	3,400	3,289
Long-Term Investments	83.51	179	188.41	152.12	155.08	142.41
Goodwill	-	1,880	1,887	1,885	1,885	1,884
Other Intangible Assets	5,115	3,168	3,273	3,379	3,498	3,602
Long-Term Accounts Receivable	-	5.35	6.25	3.99	7.2	6.71
Long-Term Deferred Tax Assets	227.64	210.49	228.74	202.85	176.97	137.64
Other Long-Term Assets	432.79	409.54	407.09	531.85	353.49	537
Total Assets	13,519	13,353	13,681	13,531	13,898	13,883
Accounts Payable	1,487	2,082	2,082	1,999	1,973	1,626
Accrued Expenses	0.07	311.97	328	345.15	347.29	272.16
Current Portion of Long-Term Debt	307.5	111.03	659.2	708.62	726.45	1,408
Current Portion of Leases	106.2	102.22	105.16	99.1	88.99	91.61
Current Income Taxes Payable	152.6	132.3	63.15	105.19	102.1	134.39
Current Unearned Revenue	-	12.52	6.15	3.21	7.97	4.42
Other Current Liabilities	509.62	101.91	97.13	103.01	96.09	87.07
Total Current Liabilities	2,563	2,854	3,340	3,364	3,342	3,624
Long-Term Debt	2,420	2,391	2,688	2,791	3,294	3,380
Long-Term Leases	364	356.09	380.47	383.39	396.5	412.8
Long-Term Unearned Revenue	-	0.01	0.01	-	-	-
Pension & Post-Retirement Benefits	177.44	171.84	184.04	180.22	180.56	220.6
Long-Term Deferred Tax Liabilities	954.99	956.06	990.25	990.87	1,042	1,034
Other Long-Term Liabilities	180.05	166.96	185.06	201.87	189.03	169.17
Total Liabilities	6,659	6,896	7,768	7,911	8,444	8,841
Common Stock	2,066	2,066	1,904	1,904	1,904	1,904
Retained Earnings	143.68	497.53	467.98	479.08	417.76	302.8
Comprehensive Income & Other	4,370	3,715	3,384	3,111	3,002	2,701
Total Common Equity	6,579	6,278	5,756	5,494	5,324	4,908
Minority Interest	279.86	178.89	156.18	125.2	130.03	134.53
Shareholders' Equity	6,859	6,457	5,912	5,620	5,454	5,043
Total Liabilities & Equity	13,519	13,353	13,681	13,531	13,898	13,883
Total Debt	3,197	2,960	3,833	3,982	4,506	5,292
Net Cash (Debt)	-2,187	-1,354	-2,164	-2,501	-2,966	-3,294
Net Cash Per Share	-2.13	-1.35	-2.16	-2.50	-2.97	-3.29
Filing Date Shares Outstanding	1,085	1,085	1,000	1,000	1,000	1,000
Total Common Shares Outstanding	1,085	1,085	1,000	1,000	1,000	1,000
Working Capital	1,273	1,280	922.24	603.52	1,080	660.84
Book Value Per Share	6.06	5.79	5.76	5.49	5.32	4.91
Tangible Book Value	1,465	1,230	596.34	230.61	-59.04	-577.55
Tangible Book Value Per Share	1.35	1.13	0.60	0.23	-0.06	-0.58
Land	-	150.51	152.58	150.75	147.98	144.12
Buildings	-	943.52	945.39	910.76	909.18	848.14
Machinery	-	4,480	4,297	4,071	3,647	3,279