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	20.6	9.18	13.49	34.12	35.18	17.24
Trading Asset Securities	-	-	-	-	0.94	-
Cash & Short-Term Investments	20.7	9.18	13.49	34.12	36.12	17.24
Cash Growth	-24.39%	-31.96%	-60.46%	-5.55%	109.48%	325.50%
Accounts Receivable	85	73.95	75.06	74.75	66.22	67.82
Other Receivables	4.1	2.92	2.04	1.7	3.07	4.54
Receivables	89.1	76.88	77.09	76.45	69.29	72.35
Inventory	0.5	0.53	0.76	0.76	0.76	0.79
Other Current Assets	-0.1	-	-	-	-	-
Total Current Assets	110.2	86.59	91.34	111.32	106.17	90.39
Property, Plant & Equipment	335.5	340.61	339.62	330.39	314.21	276.01
Long-Term Investments	0.9	-	-	-	-	0.06
Goodwill	-	5.81	5.81	5.81	5.81	5.81
Other Intangible Assets	31.1	27.9	21.18	18.91	13.71	11.43
Long-Term Deferred Tax Assets	3.2	3	3.12	2.95	1.76	3.04
Other Long-Term Assets	0.1	0.89	0.92	0.89	0.95	1.31
Total Assets	481	464.81	462	470.28	442.6	388.05
Accounts Payable	37.9	49.94	53.46	65	60.47	51.69
Accrued Expenses	-	48.09	43.85	46.46	36.01	34.14
Short-Term Debt	1.5	-	-	-	0.54	0.1
Current Portion of Long-Term Debt	-	118.66	6.88	1.08	101	0.09
Current Portion of Leases	11	9.7	16.15	20.24	17.55	15.06
Current Income Taxes Payable	1.3	-	0.3	1.37	0.38	0.08
Other Current Liabilities	68.8	3.92	3.99	2.46	2.44	1.07
Total Current Liabilities	120.5	230.32	124.62	136.61	218.4	102.22
Long-Term Debt	104.9	-	100.63	100.39	-	69
Long-Term Leases	16.8	17.38	17.43	17.53	22.58	21.41
Pension & Post-Retirement Benefits	7.8	7.99	8.45	8.91	10	12.26
Other Long-Term Liabilities	17.2	17.11	18.41	18.14	15.46	17.24
Total Liabilities	267.2	272.8	269.55	281.58	266.44	222.13
Common Stock	70.2	70.18	70.18	70.18	70.18	70.18
Retained Earnings	124.9	114.61	115.59	112.05	99.05	89.74
Treasury Stock	-19.3	-19.26	-19.26	-19.97	-19.97	-19.97
Comprehensive Income & Other	38	26.48	25.95	26.44	26.91	25.97
Shareholders' Equity	213.8	192.01	192.45	188.69	176.16	165.92
Total Liabilities & Equity	481	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)	-113.5	-136.56	-127.6	-105.11	-105.56	-88.41
Net Cash Per Share	-0.42	-0.51	-0.48	-0.39	-0.39	-0.33
Filing Date Shares Outstanding	268.5	268.5	268.5	268.37	268.37	268.37
Total Common Shares Outstanding	268.5	268.5	268.5	268.37	268.37	268.37
Working Capital	-10.3	-143.73	-33.28	-25.29	-112.23	-11.83
Book Value Per Share	0.80	0.72	0.72	0.70	0.66	0.62
Tangible Book Value	182.7	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
Land	-	12.46	12.34	12.1	12.1	12.14
Buildings	-	124.33	121.13	114.97	103.26	98.45
Machinery	-	958.98	957.07	942.07	923.91	850.16
Construction In Progress	-	28.07	36.41	24.29	26.42	55.98

Source: S&P Global Market Intelligence. Standard template. Financial Sources.