Rai Way 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	20.62	9.18	13.49	34.12	35.18	17.24
Cash & Short-Term Investments	20.62	9.18	13.49	34.12	35.18	17.24
Cash Growth	-24.75%	-31.96%	-60.46%	-3.03%	104.04%	325.50%
Accounts Receivable	84.97	73.95	75.06	74.75	66.22	67.82
Other Receivables	3.99	2.63	1.93	1.37	2.46	3.94
Total Trade Receivables	88.97	76.58	76.99	76.13	68.68	71.75
Inventory	0.53	0.53	0.76	0.76	0.76	0.79
Other Current Assets	0.13	0.29	0.11	0.33	1.54	0.6
Total Current Assets	110.24	86.59	91.34	111.33	106.17	90.39
Net Property, Plant & Equipment	335.53	340.61	339.62	330.39	314.21	276.01
Other Intangible Assets	31.13	33.72	27	24.73	19.52	17.24
Long-Term Investments	-	-	-	-	-	0.22
Other Long-Term Assets	4.05	3.89	4.05	3.83	2.71	4.19
Total Assets	480.96	464.81	462	470.28	442.6	388.05
Accounts Payable	37.91	49.94	53.46	65	60.47	51.69
Accrued Expenses	1.34	-	0.3	1.37	0.38	0.08
Current Portion of Long-Term Debt	1.53	118.66	6.88	1.08	101.54	0.18
Current Portion of Leases	10.99	9.7	16.15	20.24	17.55	15.06
Other Current Liabilities	68.68	52.02	46.02	48.93	38.46	35.21
Total Current Liabilities	120.46	230.32	122.81	136.61	218.4	102.22
Long-Term Debt	104.87	-	100.63	100.39	-	69
Long-Term Leases	16.81	17.38	17.43	17.53	22.58	21.41
Other Long-Term Liabilities	24.98	25.11	28.68	27.06	25.46	29.5
Total Long-Term Liabilities	146.66	42.48	146.74	144.97	48.04	119.91
Total Liabilities	267.11	272.8	269.55	281.59	266.44	222.13
Common Stock	70.18	70.18	70.18	70.18	70.18	70.18
Treasury Stock	-19.26	-19.26	-19.26	-19.97	-19.97	-19.97
Accumulated Other Comprehensive Income	38.03	37.77	37.24	37.73	38.2	37.27
Retained Earnings	124.9	103.32	104.3	100.76	87.76	78.45
Shareholders' Equity	213.85	192.01	192.45	188.69	176.16	165.92
Total Liabilities & Equity	480.96	464.81	462	470.28	442.6	388.05
Total Debt	134.2	145.74	141.09	139.23	141.68	105.65
Net Cash (Debt)	-113.59	-136.56	-127.6	-105.11	-106.49	-88.41
Net Cash Per Share	-0.42	-0.51	-0.47	-0.39	-0.40	-0.33
Book Value	213.85	192.01	192.45	188.69	176.16	165.92
Book Value Per Share	0.80	0.72	0.72	0.70	0.66	0.62
Tangible Book Value	182.71	158.29	165.45	163.97	156.64	148.67
Tangible Book Value Per Share	0.68	0.59	0.62	0.61	0.58	0.55