S.P.E.E.H. Hidroelectrica Balance Sheet

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

Millions RON. 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	1,188	1,582	407.63	660.73	1,105
Short-Term Investments	3,732	3,476	4,349	3,035	2,561
Accounts Receivable	1,698	1,634	3,048	1,351	663.53
Other Receivables	1.95	0.89	0.73	41.65	9.19
Inventory	123.81	94	70.92	72.43	65.31
Prepaid Expenses	55.15	14.1	37.97	60.64	29.78
Restricted Cash	32.07	21.06	101.06	-	10.26
Other Current Assets	7.86	8.93	24.25	13.11	74.11
Total Current Assets	6,839	6,830	8,040	5,234	4,519
Property, Plant & Equipment	19,399	19,816	20,393	19,521	18,001
Other Intangible Assets	66.72	53.85	39.31	6.25	7.19
Long-Term Investments	-	-	353.4	351.34	-
Long-Term Deferred Tax Assets	-	-	-	-	15.08
Other Long-Term Assets	397.39	276.76	283.52	319.29	219.92
Total Assets	26,702	26,977	29,109	25,432	22,762
Accounts Payable	777.32	429.68	407.61	283	171.42
Accrued Expenses	167.02	146.07	159.37	211.44	273.02
Current Portion of Long-Term Debt	94.96	92.89	93.28	94	93.88
Current Unearned Revenue	54	103.93	47.44	90.38	99.06
Current Portion of Leases	10.14	9.24	5.05	7.83	3.59
Current Income Taxes Payable	180.64	60.33	145.41	171.98	123.39
Other Current Liabilities	239.39	210.06	213.92	146.11	243.63
Total Current Liabilities	1,523	1,052	1,072	1,005	1,008
Long-Term Debt	118.36	207.85	300.25	390.49	483.92
Long-Term Leases	61.51	70.11	61.26	7.57	8.91
Long-Term Unearned Revenue	147.06	156.67	131.51	181.52	187.17
Pension & Post-Retirement Benefits	139.9	128.6	128.44	121.84	122.95
Long-Term Deferred Tax Liabilities	1,397	1,460	1,504	1,316	1,017
Other Long-Term Liabilities	1,090	1,005	845.4	823.28	750.03
Total Liabilities	4,477	4,081	4,043	3,845	3,578
Common Stock	4,498	4,498	4,498	4,485	4,485
Retained Earnings	5,441	5,647	7,321	4,955	3,960
Comprehensive Income & Other	12,286	12,752	13,248	12,147	10,739
Shareholders' Equity	22,225	22,896	25,067	21,587	19,184
Total Liabilities & Equity	26,702	26,977	29,109	25,432	22,762
Total Debt	284.96	380.09	459.84	499.89	590.3
Net Cash (Debt)	4,635	4,677	4,297	3,196	3,076
Net Cash Growth	-0.91%	8.85%	34.48%	3.89%	51.38%
Net Cash Per Share	10.30	10.40	9.57	7.13	6.86
Filing Date Shares Outstanding	449.8	449.8	449.8	448.46	448.45
Total Common Shares Outstanding	449.8	449.8	449.8	448.46	448.45
Working Capital	5,315	5,778	6,968	4,229	3,511
Book Value Per Share	49.41	50.90	55.73	48.14	42.78
Tangible Book Value	22,158	22,843	25,027	21,581	19,176
Tangible Book Value Per Share	49.26	50.78	55.64	48.12	42.76
Land	539.68	542.56	524.95	597.15	631.99
Buildings	16,513	16,445	16,344	15,054	13,496
Machinery	3,181	3,084	2,888	2,982	3,004
Construction In Progress	966.18	670.04	665.36	918.03	905.55

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