Wendel 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	3,220	3,428	2,403	3,265	2,232
Short-Term Investments	148.5	78.9	17.5	67.5	314.6
Cash & Short-Term Investments	3,369	3,507	2,420	3,332	2,546
Cash Growth	-3.95%	44.91%	-27.36%	30.86%	-20.73%
Accounts Receivable	1,762	2,029	1,977	1,917	1,827
Other Receivables	83.6	75.5	54.8	60	52.8
Receivables	1,846	2,105	2,031	1,977	1,880
Inventory	41.8	173.1	193.3	514.2	480.7
Other Current Assets	1,575	560.9	2,609	382.9	1,140
Total Current Assets	6,831	6,346	7,254	6,206	6,047
Property, Plant & Equipment	946.8	1,110	1,015	1,567	1,520
Long-Term Investments	2,425	1,678	852	798.9	1,401
Goodwill	4,710	4,450	4,181	3,929	3,511
Other Intangible Assets	1,623	1,707	1,578	1,711	1,536
Long-Term Deferred Tax Assets	146.1	166.9	172.3	165.7	167.5
Other Long-Term Assets	-	-	0.7	0.8	0.6
Total Assets	16,682	15,458	15,053	14,378	14,183
Accounts Payable	611.9	694.3	657.5	1,074	1,012
Current Portion of Long-Term Debt	1,339	600.8	88.9	931.7	201.3
Current Portion of Leases	130.3	131.9	120	111.6	118.2
Current Income Taxes Payable	111.2	124	111	130.5	119
Current Unearned Revenue	42.4	51.5	44.1	40.8	33.6
Other Current Liabilities	2,229	1,459	2,540	1,316	1,811
Total Current Liabilities	4,463	3,061	3,561	3,605	3,295
Long-Term Debt	4,730	5,589	5,519	4,622	5,259
Long-Term Leases	459.7	425.2	386.9	398.8	356.5
Pension & Post-Retirement Benefits	-	172.9	173	217.2	278.6
Long-Term Deferred Tax Liabilities	280.4	366	351.2	390.7	346.8
Other Long-Term Liabilities	1,313	675.9	230.1	508.6	458.5
Total Liabilities	11,247	10,290	10,221	9,742	9,994
Common Stock	171.3	177.8	177.8	177.6	179
Additional Paid-In Capital	-	25.4	23.4	22.2	57.5
Retained Earnings	4,337	3,892	3,319	3,324	3,169
Treasury Stock	-645.3	-664	-572.1	-554.1	-569.7
Comprehensive Income & Other	-347.1	-208	-271.4	-180.7	-234.6
Total Common Equity	3,516	3,223	2,676	2,789	2,601
Minority Interest	1,920	1,945	2,155	1,848	1,588
Shareholders' Equity	5,436	5,168	4,832	4,636	4,189
Total Liabilities & Equity	16,682	15,458	15,053	14,378	14,183
Total Debt	6,659	6,747	6,115	6,064	5,935
Net Cash (Debt)	-3,290	-3,240	-3,694	-2,732	-3,389
Net Cash Per Share	-77.49	-75.55	-83.99	-62.46	-77.19
Filing Date Shares Outstanding	42.39	42.47	43.3	43.42	43.63
Total Common Shares Outstanding	42.39	42.47	43.3	43.42	43.63
Working Capital	2,368	3,285	3,693	2,602	2,752
Book Value Per Share	82.94	75.89	61.81	64.22	59.62
Tangible Book Value	-2,817	-2,934	-3,082	-2,851	-2,446
Tangible Book Value Per Share	-66.45	-69.10	-71.17	-65.66	-56.05

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