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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,616	1,188	1,582	407.63	660.73	1,105
Short-Term Investments	4,989	3,732	3,476	4,349	3,035	2,561
Accounts Receivable	1,632	1,698	1,634	3,048	1,351	663.53
Other Receivables	1.18	1.95	0.89	0.73	41.65	9.19
Inventory	134.49	123.81	94	70.92	72.43	65.31
Prepaid Expenses	174.81	55.15	14.1	37.97	60.64	29.78
Restricted Cash	50.19	32.07	21.06	101.06	-	10.26
Other Current Assets	49.85	7.86	8.93	24.25	13.11	74.11
Total Current Assets	8,647	6,839	6,830	8,040	5,234	4,519
Property, Plant & Equipment	19,305	19,399	19,816	20,393	19,521	18,001
Other Intangible Assets	35.04	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	373.73	397.39	276.76	283.52	319.29	219.92
Total Assets	28,361	26,702	26,977	29,109	25,432	22,762
Accounts Payable	795.72	777.32	429.68	407.61	283	171.42
Accrued Expenses	302.8	167.02	146.07	159.37	211.44	273.02
Current Portion of Long-Term Debt	71.26	94.96	92.89	93.28	94	93.88
Current Unearned Revenue	56.27	54	103.93	47.44	90.38	99.06
Current Portion of Leases	10.43	10.14	9.24	5.05	7.83	3.59
Current Income Taxes Payable	448.51	180.64	60.33	145.41	171.98	123.39
Other Current Liabilities	214.38	239.39	210.06	213.92	146.11	243.63
Total Current Liabilities	1,899	1,523	1,052	1,072	1,005	1,008
Long-Term Debt	118.37	118.36	207.85	300.25	390.49	483.92
Long-Term Leases	59.89	61.51	70.11	61.26	7.57	8.91
Long-Term Unearned Revenue	189.05	147.06	156.67	131.51	181.52	187.17
Pension & Post-Retirement Benefits	141.13	139.9	128.6	128.44	121.84	122.95
Long-Term Deferred Tax Liabilities	1,381	1,397	1,460	1,504	1,316	1,017
Other Long-Term Liabilities	1,085	1,090	1,005	845.4	823.28	750.03
Total Liabilities	4,874	4,477	4,081	4,043	3,845	3,578
Common Stock	5,527	4,498	4,498	4,498	4,485	4,485
Retained Earnings	5,956	5,441	5,647	7,321	4,955	3,960
Comprehensive Income & Other	12,004	12,286	12,752	13,248	12,147	10,739
Shareholders' Equity	23,487	22,225	22,896	25,067	21,587	19,184
Total Liabilities & Equity	28,361	26,702	26,977	29,109	25,432	22,762
Total Debt	259.94	284.96	380.09	459.84	499.89	590.3
Net Cash (Debt)	6,345	4,635	4,677	4,297	3,196	3,076
Net Cash Growth	11.94%	-0.91%	8.85%	34.48%	3.89%	51.38%
Net Cash Per Share	14.11	10.30	10.40	9.57	7.13	6.86
Filing Date Shares Outstanding	449.8	449.8	449.8	449.8	448.46	448.45
Total Common Shares Outstanding	449.8	449.8	449.8	449.8	448.46	448.45
Working Capital	6,748	5,315	5,778	6,968	4,229	3,511
Book Value Per Share	52.22	49.41	50.90	55.73	48.14	42.78
Tangible Book Value	23,452	22,158	22,843	25,027	21,581	19,176
Tangible Book Value Per Share	52.14	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

Source: S&P Global Market Intelligence. Utility template. Financial Sources.