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	226.11	93.29	155.76	239.39	252.98
Short-Term Investments	0.14	0.08	0.03	0.03	0.06
Trading Asset Securities	-	-	0.02	-	-
Cash & Short-Term Investments	226.26	93.37	155.81	239.42	253.04
Cash Growth	142.31%	-40.07%	-34.92%	-5.38%	6.15%
Accounts Receivable	725.81	620.77	450.22	398.08	346
Other Receivables	31.94	31.39	41.64	39.94	35.09
Receivables	757.74	652.16	491.86	438.07	381.15
Inventory	213.96	219.98	191.67	189.52	133.22
Other Current Assets	0.03	0.03	0.32	1.88	1.22
Total Current Assets	1,198	965.55	839.66	868.88	768.63
Property, Plant & Equipment	53.65	51.76	50.04	54.55	55.17
Long-Term Investments	0.01	0.01	0.01	0.03	0.03
Goodwill	112.44	112.44	112.44	112.44	112.44
Other Intangible Assets	4.47	7.44	10.27	10.65	11.43
Long-Term Deferred Tax Assets	19.96	22.77	23.97	23.07	27.13
Long-Term Deferred Charges	96.93	80.15	45.15	7.02	8.08
Other Long-Term Assets	26.94	30.34	33.58	57.48	47.88
Total Assets	1,513	1,271	1,116	1,135	1,031
Accounts Payable	261.65	248.12	244.65	254.12	184.22
Accrued Expenses	39.1	20.91	29.06	19.22	26.15
Short-Term Debt	144.49	84.38	-	-	-
Current Portion of Long-Term Debt	291.71	70.67	114.24	108.62	39.29
Current Portion of Leases	3.3	2.1	1.95	2.47	2.07
Current Income Taxes Payable	0.13	0.09	0.15	-	0.43
Current Unearned Revenue	106.15	77.05	16.35	136.88	146.74
Other Current Liabilities	4.48	10.02	8.83	1.93	2.2
Total Current Liabilities	851.01	513.34	415.23	523.25	401.09
Long-Term Debt	229.82	376.38	336.57	261.56	273.99
Long-Term Leases	5.86	5.24	1.21	2.92	2.66
Long-Term Unearned Revenue	6.65	6.72	3.63	2.9	3.15
Long-Term Deferred Tax Liabilities	8.38	8.39	8.41	8.85	8.71
Other Long-Term Liabilities	181.88	181.89	62.44	50.21	50.99
Total Liabilities	1,284	1,092	827.48	849.69	740.59
Common Stock	40.47	37.28	38.04	37.16	37.16
Additional Paid-In Capital	42.68	0.87	0.87	0.87	0.87
Retained Earnings	35.22	135.38	250.02	243.56	249.48
Treasury Stock	-	-	-13.92	-4.81	-3.25
Comprehensive Income & Other	104.96	-2.92	2.99	4.41	2.75
Total Common Equity	223.33	170.61	278	281.18	287.01
Minority Interest	6.1	8.53	10.29	3.9	3.89
Shareholders' Equity	229.43	179.14	288.29	285.08	290.9
Total Liabilities & Equity	1,513	1,271	1,116	1,135	1,031
Total Debt	675.18	538.77	453.96	375.58	318.01
Net Cash (Debt)	-448.92	-445.39	-298.15	-136.16	-64.97
Net Cash Per Share	-3.49	-3.62	-2.40	-1.12	-0.53
Filing Date Shares Outstanding	134.07	122.9	123.12	122.51	122.89
Total Common Shares Outstanding	134.07	122.9	123.12	122.51	122.89
Working Capital	346.99	452.21	424.43	345.64	367.53
Book Value Per Share	1.67	1.39	2.26	2.30	2.34
Tangible Book Value	106.42	50.72	155.28	158.09	163.14
Tangible Book Value Per Share	0.79	0.41	1.26	1.29	1.33
Land	10.17	9.89	9.89	9.89	9.89
Buildings	48.53	48.45	48.22	48.21	48.45
Machinery	107.47	103.84	39.07	97.09	92.6
Order Backlog	4,466	4,173	4,223	2,748	3,249