Thales 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	4,447	4,767	3,980	5,100	5,049
Short-Term Investments	168.2	12.5	112.2	221.3	4.3
Cash & Short-Term Investments	4,615	4,780	4,092	5,321	5,054
Cash Growth	-3.45%	16.80%	-23.09%	5.29%	0.35%
Accounts Receivable	10,381	10,389	9,166	8,221	7,921
Other Receivables	320.7	160.6	194.3	194.7	214.5
Total Trade Receivables	10,702	10,550	9,360	8,415	8,135
Inventory	4,964	4,936	4,251	3,672	3,336
Other Current Assets	1,042	1,031	3,954	3,605	3,179
Total Current Assets	21,322	21,295	21,657	21,014	19,704
Net Property, Plant & Equipment	3,899	3,716	3,596	3,479	3,399
Other Intangible Assets	1,996	2,533	1,288	1,566	1,943
Goodwill	8,531	8,899	8,940	5,470	5,203
Long-Term Investments	2,131	2,180	2,122	1,849	1,635
Other Long-Term Assets	1,277	1,367	1,183	1,043	951.2
Total Assets	39,155	39,990	38,786	34,421	32,835
Accounts Payable	8,652	8,333	7,644	6,919	6,067
Short-Term Debt	2,130	3,273	2,713	1,480	1,319
Unearned Revenue	12,384	11,541	9,789	8,314	7,069
Other Current Liabilities	2,072	2,510	4,079	4,030	4,114
Total Current Liabilities	25,239	25,657	24,225	20,743	18,568
Long-Term Debt	3,999	4,551	5,720	3,991	4,602
Other Long-Term Liabilities	1,930	2,224	1,872	2,305	2,946
Total Long-Term Liabilities	5,929	6,775	7,592	6,296	7,548
Total Liabilities	31,168	32,432	31,817	27,039	26,116
Treasury Stock	-90.5	-92.5	-476.3	-382.3	-37.7
Additional Paid-in Capital	8,785	7,716	7,676	7,815	6,729
Accumulated Other Comprehensive Income	-726.5	-108.5	-369.8	-258.3	-216.9
Total Common Shareholders' Equity	7,968	7,515	6,830	7,174	6,474
Minority Interest	19.3	42.9	139	207.6	244.4
Shareholders' Equity	7,988	7,558	6,969	7,382	6,719
Total Liabilities & Equity	39,155	39,990	38,786	34,421	32,835
Total Debt	6,130	7,823	8,434	5,471	5,921
Net Cash (Debt)	-1,515	-3,044	-4,342	-150.5	-867.7
Net Cash Per Share	-7.36	-14.77	-20.76	-0.71	-4.07
Book Value	7,968	7,515	6,830	7,174	6,474
Book Value Per Share	38.70	36.48	32.65	33.78	30.38
Tangible Book Value	-2,558	-3,917	-3,398	138.1	-671.8
Tangible Book Value Per Share	-12.43	-19.01	-16.24	0.65	-3.15

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.