Terna S.p.A. (BIT:TRN)

Terna Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,943	1,833	2,312	1,378	2,155	1,567
Short-Term Investments	323.8	731.4	426.5	362.2	246.8	958.5
Accounts Receivable	3,180	3,191	3,195	2,155	2,358	2,777
Other Receivables	201.8	237.3	137.8	130.6	166.8	60.1
Inventory	145.3	127.7	108.2	75	83	69.9
Prepaid Expenses	42.6	31.3	26.7	24	22.7	16.8
Other Current Assets	83.9	32.8	48.7	118	88.4	408.6
Total Current Assets	5,920	6,184	6,254	4,243	5,121	5,858
Property, Plant & Equipment	22,482	21,665	19,237	17,597	16,201	15,317
Goodwill	273.8	349.1	250.9	252.3	251.5	256.5
Other Intangible Assets	1,013	943.6	731.3	614.9	524.3	400
Long-Term Investments	107.2	105.4	90.4	200.1	193.6	99.5
Long-Term Loans Receivable	9.1	9.4	10	10.9	11	10.4
Long-Term Deferred Tax Assets	284.7	286.4	228.4	168.7	121	146.6
Other Long-Term Assets	422.5	440	384.3	307	379.5	271.5
Total Assets	30,513	29,983	27,187	23,393	22,803	22,359

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	4,262	3,887	3,443	2,791	3,642	3,247
Accrued Expenses	172.1	145	159.6	131	183.2	118
Short-Term Debt	440.7	860.7	1,767	1,314	487.6	1,988
Current Portion of Long-Term Debt	195.6	756.7	681	1,386	1,911	1,645
Current Unearned Revenue	661.9	675.9	413.7	340.7	197.4	120.3
Current Portion of Leases	20.2	19.9	-	-	-	-
Current Income Taxes Payable	72	45.5	112.3	-	43.8	28.1
Other Current Liabilities	314.5	342.7	286.6	364.1	344.3	501.8
Total Current Liabilities	6,139	6,733	6,864	6,327	6,809	7,648
Long-Term Debt	14,213	13,897	11,399	9,508	8,596	8,882
Long-Term Leases	40.9	42.5	58.8	65.6	67.7	36.9
Long-Term Unearned Revenue	97	617.7	-	-	-	-
Pension & Post-Retirement Benefits	87.9	90	88	83.4	75.3	82.8
Other Long-Term Liabilities	1,285	790.4	1,233	1,067	1,085	997
Total Liabilities	21,863	22,170	19,643	17,050	16,634	17,646

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	442.2	442.2	442.2	442.2	442.2	442.2
Additional Paid-In Capital	20	20	20	20	20	20
Retained Earnings	4,754	4,766	4,501	4,134	3,913	3,645
Treasury Stock	-28.6	-34.3	-31.4	-29.8	-29.5	-19.5
Comprehensive Income & Other	3,441	2,598	2,593	1,758	1,796	594.5
Total Common Equity	8,629	7,791	7,524	6,324	6,142	4,682
Minority Interest	21.5	21.4	19.8	18.9	27.1	31.1
Shareholders' Equity	8,650	7,813	7,544	6,343	6,169	4,713
Total Liabilities & Equity	30,513	29,983	27,187	23,393	22,803	22,359

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	14,911	15,576	13,906	12,274	11,062	12,552
Net Cash (Debt)	-12,644	-13,012	-11,168	-10,533	-8,660	-10,026
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.30	-6.49	-5.50	-5.09	-4.31	-4.99
Filing Date Shares Outstanding	2,007	2,006	2,006	2,006	2,006	2,007
Total Common Shares Outstanding	2,007	2,006	2,006	2,006	2,006	2,007
Working Capital	-218.8	-549.2	-609.7	-2,084	-1,688	-1,790
Book Value Per Share	2.96	2.97	2.84	2.66	2.57	2.33
Tangible Book Value	7,342	6,499	6,542	5,457	5,366	4,025
Tangible Book Value Per Share	2.32	2.32	2.35	2.23	2.18	2.01
Land	251.7	251.2	242.8	232.5	217.7	211.7
Buildings	2,941	2,907	2,715	2,588	2,403	2,288
Machinery	25,886	25,419	23,827	22,643	21,212	20,375
Construction In Progress	5,846	5,167	3,755	2,885	2,581	2,193

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

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