Talgo 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	226.1	93.29	155.76	239.39	252.98
Short-Term Investments	-	0.08	0.03	0.03	0.06
Trading Asset Securities	-	-	0.02	-	-
Cash & Short-Term Investments	226.1	93.37	155.81	239.42	253.04
Cash Growth	142.15%	-40.07%	-34.92%	-5.38%	6.15%
Accounts Receivable	738.8	620.77	450.22	398.08	346
Other Receivables	-	31.39	41.64	39.94	35.09
Receivables	738.8	652.16	491.86	438.07	381.15
Inventory	214	219.98	191.67	189.52	133.22
Other Current Assets	19.3	0.03	0.32	1.88	1.22
Total Current Assets	1,198	965.55	839.66	868.88	768.63
Property, Plant & Equipment	181.7	51.76	50.04	54.55	55.17
Long-Term Investments	-	0.01	0.01	0.03	0.03
Goodwill	112.4	112.44	112.44	112.44	112.44
Other Intangible Assets	-	7.44	10.27	10.65	11.43
Long-Term Deferred Tax Assets	-	22.77	23.97	23.07	27.13
Long-Term Deferred Charges	-	80.15	45.15	7.02	8.08
Other Long-Term Assets	20.8	30.34	33.58	57.48	47.88
Total Assets	1,513	1,271	1,116	1,135	1,031
Accounts Payable	407.1	248.12	244.65	254.12	184.22
Accrued Expenses	-	20.91	29.06	19.22	26.15
Short-Term Debt	-	84.38	-	-	-
Current Portion of Long-Term Debt	439.5	70.67	114.24	108.62	39.29
Current Portion of Leases	-	2.1	1.95	2.47	2.07
Current Income Taxes Payable	-	0.09	0.15	-	0.43
Current Unearned Revenue	-	77.05	16.35	136.88	146.74
Other Current Liabilities	4.5	10.02	8.83	1.93	2.2
Total Current Liabilities	851.1	513.34	415.23	523.25	401.09
Long-Term Debt	186.3	376.38	336.57	261.56	273.99
Long-Term Leases	9.2	5.24	1.21	2.92	2.66
Long-Term Unearned Revenue	-	6.72	3.63	2.9	3.15
Long-Term Deferred Tax Liabilities	-	8.39	8.41	8.85	8.71
Other Long-Term Liabilities	237.1	181.89	62.44	50.21	50.99
Total Liabilities	1,284	1,092	827.48	849.69	740.59
Common Stock	40.5	37.28	38.04	37.16	37.16
Additional Paid-In Capital	42.7	0.87	0.87	0.87	0.87
Retained Earnings	140.6	135.38	250.02	243.56	249.48
Treasury Stock	-	-4.9	-13.92	-4.81	-3.25
Comprehensive Income & Other	-0.5	1.98	2.99	4.41	2.75
Total Common Equity	223.3	170.61	278	281.18	287.01
Minority Interest	6.1	8.53	10.29	3.9	3.89
Shareholders' Equity	229.4	179.14	288.29	285.08	290.9
Total Liabilities & Equity	1,513	1,271	1,116	1,135	1,031
Total Debt	635	538.77	453.96	375.58	318.01
Net Cash (Debt)	-408.9	-445.39	-298.15	-136.16	-64.97
Net Cash Per Share	-	-3.62	-2.40	-1.12	-0.53
Filing Date Shares Outstanding	-	122.9	123.12	122.51	122.89
Total Common Shares Outstanding	-	122.9	123.12	122.51	122.89
Working Capital	347.1	452.21	424.43	345.64	367.53
Book Value Per Share	-	1.39	2.26	2.30	2.34
Tangible Book Value	110.9	50.72	155.28	158.09	163.14
Tangible Book Value Per Share	-	0.41	1.26	1.29	1.33
Land	-	9.89	9.89	9.89	9.89
Buildings	-	48.45	48.22	48.21	48.45
Machinery	-	40.15	39.07	97.09	92.6
Order Backlog	4,466	4,173	4,223	2,748	3,249

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