Rai Way 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	9.2	13.49	34.12	35.18	17.24
Trading Asset Securities	-	-	-	0.94	-
Cash & Short-Term Investments	9.2	13.49	34.12	36.12	17.24
Cash Growth	-31.80%	-60.46%	-5.55%	109.48%	325.50%
Accounts Receivable	74	75.06	74.75	66.22	67.82
Other Receivables	2.8	2.04	1.7	3.07	4.54
Receivables	76.8	77.09	76.45	69.29	72.35
Inventory	0.5	0.76	0.76	0.76	0.79
Other Current Assets	0.1	-	-	-	-
Total Current Assets	86.6	91.34	111.32	106.17	90.39
Property, Plant & Equipment	340.6	339.62	330.39	314.21	276.01
Long-Term Investments	0.9	-	-	-	0.06
Goodwill	-	5.81	5.81	5.81	5.81
Other Intangible Assets	33.7	21.18	18.91	13.71	11.43
Long-Term Deferred Tax Assets	3	3.12	2.95	1.76	3.04
Other Long-Term Assets	-	0.92	0.89	0.95	1.31
Total Assets	464.8	462	470.28	442.6	388.05
Accounts Payable	49.9	53.46	65	60.47	51.69
Accrued Expenses	-	43.85	46.46	36.01	34.14
Short-Term Debt	-	-	-	0.54	0.1
Current Portion of Long-Term Debt	-	6.88	1.08	101	0.09
Current Portion of Leases	9.7	16.15	20.24	17.55	15.06
Current Income Taxes Payable	-	0.3	1.37	0.38	0.08
Other Current Liabilities	170.7	2.18	2.46	2.44	1.07
Total Current Liabilities	230.3	122.81	136.61	218.4	102.22
Long-Term Debt	-	100.63	100.39	-	69
Long-Term Leases	17.4	17.43	17.53	22.58	21.41
Pension & Post-Retirement Benefits	8	8.45	8.91	10	12.26
Other Long-Term Liabilities	17.1	20.22	18.14	15.46	17.24
Total Liabilities	272.8	269.55	281.58	266.44	222.13
Common Stock	70.2	70.18	70.18	70.18	70.18
Retained Earnings	103.3	115.59	112.05	99.05	89.74
Treasury Stock	-19.3	-19.26	-19.97	-19.97	-19.97
Comprehensive Income & Other	37.8	25.95	26.44	26.91	25.97
Shareholders' Equity	192	192.45	188.69	176.16	165.92
Total Liabilities & Equity	464.8	462	470.28	442.6	388.05
Total Debt	27.1	141.09	139.23	141.68	105.65
Net Cash (Debt)	-17.9	-127.6	-105.11	-105.56	-88.41
Net Cash Per Share	-	-0.48	-0.39	-0.39	-0.33
Filing Date Shares Outstanding	-	268.5	268.37	268.37	268.37
Total Common Shares Outstanding	-	268.5	268.37	268.37	268.37
Working Capital	-143.7	-31.47	-25.29	-112.23	-11.83
Book Value Per Share	-	0.72	0.70	0.66	0.62
Tangible Book Value	158.3	165.45	163.97	156.64	148.67
Tangible Book Value Per Share	-	0.62	0.61	0.58	0.55
Land	-	12.34	12.1	12.1	12.14
Buildings	-	121.13	114.97	103.26	98.45
Machinery	-	957.07	942.07	923.91	850.16
Construction In Progress	-	36.41	24.29	26.42	55.98

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