Ipsen Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,970	1,526	678.1	528.4	1,169	814.7
Short-Term Investments	1	1	1.1	-	-	-
Cash & Short-Term Investments	1,971	1,527	679.2	528.4	1,169	814.7
Cash Growth	36.25%	124.75%	28.54%	-54.81%	43.53%	21.72%
Accounts Receivable	976.5	786.8	697.2	631.3	632.5	564.3
Other Receivables	128.4	117	141.1	179.5	110.5	200.2
Receivables	1,105	903.8	838.3	810.8	743	764.5
Inventory	201.3	240.9	285.5	289.5	284.1	219.4
Prepaid Expenses	99.8	90.3	117.8	106	77.5	68
Other Current Assets	32.5	62.6	100.4	163.7	123.7	87.2
Total Current Assets	3,410	2,824	2,021	1,898	2,398	1,954
Property, Plant & Equipment	661.5	668	664.2	574.6	581.4	647.5
Long-Term Investments	198.5	171.3	175.4	131.7	136.3	133.2
Goodwill	650.4	633.8	699.5	663.9	579.9	623.2
Other Intangible Assets	2,117	2,288	2,518	2,679	1,585	1,370
Long-Term Deferred Tax Assets	370.7	298	284.7	324.8	327.8	258.7
Long-Term Deferred Charges	25.5	25.5	45.2	-	-	-
Other Long-Term Assets	27.2	28.9	30.5	50.7	6.2	4.1
Total Assets	7,460	6,938	6,439	6,323	5,615	4,991

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,016	854.2	854.8	771.4	647.1	594.7
Accrued Expenses	284.3	282.1	278.8	278.4	249.3	254.2
Short-Term Debt	140.4	4	0.6	9	3.8	5.5
Current Portion of Long-Term Debt	89.6	101	85.7	85.1	73.1	88.4
Current Portion of Leases	29.7	31.3	36.6	27.4	27.7	29.8
Current Income Taxes Payable	53.4	14.3	24.9	41.4	11.8	10
Current Unearned Revenue	5.7	5.4	5.6	5.7	5.2	6
Other Current Liabilities	116	147.6	218.4	408.4	317.4	239.8
Total Current Liabilities	1,735	1,440	1,505	1,627	1,335	1,228
Long-Term Debt	627.6	750.5	290.6	274	585	567.9
Long-Term Leases	75.8	83.6	102.1	67.4	82	95
Long-Term Unearned Revenue	32.1	33.5	36.8	37.7	40.6	45.8
Pension & Post-Retirement Benefits	28.2	26	24.2	24.4	18.7	40.7
Long-Term Deferred Tax Liabilities	51.7	52.7	55.2	226.4	77.9	101.8
Other Long-Term Liabilities	198.6	214.8	242.9	242.4	131.6	173.2
Total Liabilities	2,749	2,601	2,257	2,499	2,271	2,253

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	83.8	83.8	83.8	83.8	83.8	83.8
Additional Paid-In Capital	122.3	122.3	122.3	122.3	122.3	122.3
Retained Earnings	403.1	443.5	345.9	644.4	648.6	646.6
Treasury Stock	-138.4	-158.1	-114.1	-107.5	-107.2	-123.1
Comprehensive Income & Other	4,240	3,844	3,744	3,082	2,597	2,006
Total Common Equity	4,711	4,336	4,182	3,825	3,344	2,735
Minority Interest	0.4	0.9	0.2	-1.3	-0.6	2.5
Shareholders' Equity	4,711	4,337	4,182	3,824	3,343	2,738
Total Liabilities & Equity	7,460	6,938	6,439	6,323	5,615	4,991

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	963.1	970.4	515.6	462.9	771.6	786.6
Net Cash (Debt)	1,008	556.1	163.6	65.5	397.7	28.1
Net Cash Growth	107.88%	239.91%	149.77%	-83.53%	1315.30%	-
Net Cash Per Share	12.13	6.67	1.96	0.79	4.79	0.34
Filing Date Shares Outstanding	82.43	82.63	82.67	82.72	82.65	82.55
Total Common Shares Outstanding	82.43	82.63	82.67	82.72	82.64	82.5
Working Capital	1,675	1,384	515.8	271.6	1,062	725.4
Book Value Per Share	57.15	52.47	50.58	46.24	40.47	33.16
Tangible Book Value	1,944	1,414	963.8	482.4	1,179	742
Tangible Book Value Per Share	23.58	17.11	11.66	5.83	14.26	8.99
Land	18.1	18	17.9	17	16.8	22.1
Buildings	487	493.7	563	512.1	464.7	596.9
Machinery	326.6	324.6	299.4	282.3	295.3	412.3
Construction In Progress	252.9	246.3	225.6	165.7	146.7	106.7