Talgo, S.A. (BME:TLGO)

Talgo 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	120.16	226.11	93.29	155.76	239.39	252.98
Short-Term Investments	0.23	0.14	0.08	0.03	0.03	0.06
Trading Asset Securities	-	-	-	0.02	-	-
Cash & Short-Term Investments	120.39	226.26	93.37	155.81	239.42	253.04
Cash Growth	2.99%	142.31%	-40.07%	-34.92%	-5.38%	6.15%
Accounts Receivable	780.57	725.81	620.77	450.22	398.08	346
Other Receivables	45.57	31.94	31.39	41.64	39.94	35.09
Receivables	826.15	757.74	652.16	491.86	438.07	381.15
Inventory	237.94	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	1,184	1,198	965.55	839.66	868.88	768.63
Property, Plant & Equipment	51.67	53.65	51.76	50.04	54.55	55.17
Long-Term Investments	0.01	0.01	0.01	0.01	0.03	0.03
Goodwill	112.44	112.44	112.44	112.44	112.44	112.44
Other Intangible Assets	4.21	4.47	7.44	10.27	10.65	11.43
Long-Term Deferred Tax Assets	18.55	19.96	22.77	23.97	23.07	27.13
Long-Term Deferred Charges	84.05	96.93	80.15	45.15	7.02	8.08
Other Long-Term Assets	34.92	26.94	30.34	33.58	57.48	47.88
Total Assets	1,490	1,513	1,271	1,116	1,135	1,031

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	224.21	261.65	248.12	244.65	254.12	184.22
Accrued Expenses	25.53	39.1	20.91	29.06	19.22	26.15
Short-Term Debt	-	144.49	84.38	-	-	-
Current Portion of Long-Term Debt	238.14	291.71	70.67	114.24	108.62	39.29
Current Portion of Leases	3.08	3.3	2.1	1.95	2.47	2.07
Current Income Taxes Payable	0.01	0.13	0.09	0.15	-	0.43
Current Unearned Revenue	228.46	106.15	77.05	16.35	136.88	146.74
Other Current Liabilities	5.03	4.48	10.02	8.83	1.93	2.2
Total Current Liabilities	724.46	851.01	513.34	415.23	523.25	401.09
Long-Term Debt	356.86	229.82	376.38	336.57	261.56	273.99
Long-Term Leases	4.71	5.86	5.24	1.21	2.92	2.66
Long-Term Unearned Revenue	6.01	6.65	6.72	3.63	2.9	3.15
Long-Term Deferred Tax Liabilities	8.37	8.38	8.39	8.41	8.85	8.71
Other Long-Term Liabilities	188.16	181.88	181.89	62.44	50.21	50.99
Total Liabilities	1,289	1,284	1,092	827.48	849.69	740.59

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	40.47	40.47	37.28	38.04	37.16	37.16
Additional Paid-In Capital	42.68	42.68	0.87	0.87	0.87	0.87
Retained Earnings	9.92	35.22	135.38	250.02	243.56	249.48
Treasury Stock	-	-	-	-13.92	-4.81	-3.25
Comprehensive Income & Other	103.82	104.96	-2.92	2.99	4.41	2.75
Total Common Equity	196.89	223.33	170.61	278	281.18	287.01
Minority Interest	4.86	6.1	8.53	10.29	3.9	3.89
Shareholders' Equity	201.75	229.43	179.14	288.29	285.08	290.9
Total Liabilities & Equity	1,490	1,513	1,271	1,116	1,135	1,031

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	602.79	675.18	538.77	453.96	375.58	318.01
Net Cash (Debt)	-482.4	-448.92	-445.39	-298.15	-136.16	-64.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.70	-3.49	-3.62	-2.40	-1.12	-0.53
Filing Date Shares Outstanding	134.07	134.07	122.9	123.12	122.51	122.89
Total Common Shares Outstanding	134.07	134.07	122.9	123.12	122.51	122.89
Working Capital	460.01	346.99	452.21	424.43	345.64	367.53
Book Value Per Share	1.47	1.67	1.39	2.26	2.30	2.34
Tangible Book Value	80.25	106.42	50.72	155.28	158.09	163.14
Tangible Book Value Per Share	0.60	0.79	0.41	1.26	1.29	1.33
Land	10.17	10.17	9.89	9.89	9.89	9.89
Buildings	48.53	48.53	48.45	48.22	48.21	48.45
Machinery	109.65	107.47	103.84	39.07	97.09	92.6
Order Backlog	-	4,466	4,173	4,223	2,748	3,249

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 six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 27, 2026

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