Saipem SpA 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	-	1,707	2,158	2,136	2,052	1,632
Short-Term Investments	-	644	385	86	75	59
Cash & Short-Term Investments	-	2,351	2,543	2,222	2,127	1,691
Cash Growth	-	-7.55%	14.45%	4.47%	25.78%	-3.65%
Accounts Receivable	-	3,237	3,419	2,441	2,182	2,251
Other Receivables	-	21	83	98	26	30
Total Trade Receivables	-	3,258	3,502	2,539	2,208	2,281
Inventory	-	312	310	256	211	258
Other Current Assets	18	3,201	3,409	3,113	3,292	2,589
Total Current Assets	18	9,122	9,675	8,104	7,627	6,819
Net Property, Plant & Equipment	2,634	3,913	3,474	3,388	3,137	3,374
Other Intangible Assets	-	38	27	666	691	699
Goodwill	641	641	641	-	-	-
Long-Term Investments	-10	127	134	211	229	157
Other Long-Term Assets	-	600	479	470	502	493
Total Assets	3,283	14,441	14,519	12,865	12,397	11,542
Accounts Payable	-	3,907	3,959	2,944	2,907	2,651
Short-Term Debt	-	38	61	97	159	412
Current Portion of Long-Term Debt	-	304	381	128	742	697
Current Portion of Leases	-	670	354	299	139	147
Unearned Revenue	-	3,237	3,434	3,088	2,613	2,517
Other Current Liabilities	-	237	375	299	354	420
Total Current Liabilities	-	8,393	8,564	6,855	6,914	6,844
Long-Term Debt	-	1,440	1,742	2,168	1,729	2,432
Long-Term Leases	-	654	478	431	264	247
Other Long-Term Liabilities	-	1,316	1,211	1,015	1,404	1,668
Total Long-Term Liabilities	-	3,410	3,431	3,588	3,352	4,347
Total Liabilities	-	11,803	11,995	10,469	10,311	11,191
Common Stock	-	502	502	502	502	2,191
Treasury Stock	-	-179	-139	-74	-77	-84
Additional Paid-in Capital	-	1,621	1,622	1,622	1,877	553
Accumulated Other Comprehensive Income	-	74	-92	28	-116	-97
Retained Earnings	-	619	631	316	-118	-2,237
Total Common Shareholders' Equity	-	2,637	2,524	2,394	2,068	326
Minority Interest	1	1	-	2	18	25
Shareholders' Equity	2,664	2,638	2,524	2,396	2,086	351
Total Liabilities & Equity	2,664	14,441	14,519	12,865	12,397	11,542
Total Debt	-	3,106	3,016	3,123	3,033	3,935
Net Cash (Debt)	-	-755	-473	-901	-906	-2,244
Net Cash Per Share	-	-0.34	-0.21	-0.45	-0.96	-2.39
Book Value	-	2,637	2,524	2,394	2,068	326
Book Value Per Share	-	1.18	1.13	1.19	2.20	0.35
Tangible Book Value	-641	1,958	1,856	1,728	1,377	-373
Tangible Book Value Per Share	-0.33	0.88	0.83	0.86	1.46	-0.40