Hermes 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 & Short-Term Investments	12,239	11,642	10,625	9,225	6,696
Cash Growth	5.13%	9.57%	15.18%	37.77%	41.48%
Accounts Receivable	418	478	431	383	333
Other Receivables	415	28	51	19	58
Total Trade Receivables	833	506	482	402	391
Inventory	2,575	2,797	2,414	1,779	1,449
Other Current Assets	262	530	488	423	310
Total Current Assets	15,911	15,476	14,008	11,828	8,845
Net Property, Plant & Equipment	5,488	4,766	4,063	3,597	3,407
Other Intangible Assets	231	237	225	213	258
Goodwill	180	228	72	-	42
Long-Term Investments	1,423	1,288	1,341	1,228	727
Other Long-Term Assets	1,090	1,088	738	594	568
Total Assets	24,322	23,084	20,447	17,459	13,847
Accounts Payable	792	832	880	777	535
Accrued Expenses	593	885	736	644	502
Current Portion of Long-Term Debt	0	0	1	2	1
Current Portion of Leases	325	332	289	268	248
Other Current Liabilities	1,475	1,580	1,278	1,313	1,290
Total Current Liabilities	3,186	3,629	3,183	3,004	2,575
Long-Term Debt	34	61	50	35	24
Long-Term Leases	1,987	1,781	1,720	1,629	1,529
Other Long-Term Liabilities	270	280	290	334	306
Total Long-Term Liabilities	2,291	2,120	2,060	1,998	1,860
Total Liabilities	5,477	5,749	5,243	5,002	4,435
Common Stock	54	54	54	54	54
Treasury Stock	-677	-670	-698	-674	-551
Additional Paid-in Capital	50	50	50	50	50
Accumulated Other Comprehensive Income	448	826	742	849	261
Retained Earnings	18,967	17,067	15,055	12,162	9,587
Total Common Shareholders' Equity	18,840	17,327	15,201	12,440	9,400
Minority Interest	6	7	2	16	12
Shareholders' Equity	18,846	17,334	15,203	12,457	9,412
Total Liabilities & Equity	24,322	23,084	20,447	17,459	13,847
Total Debt	2,346	2,174	2,060	1,934	1,802
Net Cash (Debt)	9,893	9,468	8,565	7,291	4,894
Net Cash Growth	4.49%	10.54%	17.47%	48.98%	60.62%
Net Cash Per Share	94.19	90.23	81.69	69.48	46.63
Book Value	18,840	17,327	15,201	12,440	9,400
Book Value Per Share	179.37	165.13	144.99	118.55	89.55
Tangible Book Value	18,429	16,862	14,904	12,227	9,100
Tangible Book Value Per Share	175.45	160.70	142.16	116.52	86.70

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