STEF SA 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	116.4	85.12	143.6	87.59	92.24
Cash & Short-Term Investments	116.4	85.12	143.6	87.59	92.24
Cash Growth	36.74%	-40.72%	63.94%	-5.04%	69.52%
Accounts Receivable	-	773.08	713.06	734.87	612.96
Other Receivables	-	156.91	140.56	144.97	123.84
Receivables	-	929.98	853.62	879.84	736.8
Inventory	-	101.64	125.54	126.35	86.23
Prepaid Expenses	-	16.05	12.2	14.96	9.58
Other Current Assets	5.4	10.77	8.63	9.25	8.79
Total Current Assets	121.8	1,144	1,144	1,118	933.64
Property, Plant & Equipment	2,366	2,252	1,925	1,806	1,642
Long-Term Investments	-	111.73	100.25	102.03	108.98
Goodwill	455.1	390.38	316.8	295.46	269.19
Other Intangible Assets	-	18.88	15.48	13.78	15.09
Long-Term Deferred Tax Assets	-	8.87	8.23	9.82	10.88
Other Long-Term Assets	152.9	0	-	-0	-
Total Assets	3,095	3,926	3,509	3,345	2,980
Accounts Payable	-	628.38	616.18	636.23	557.55
Accrued Expenses	-	372.09	345.45	330.82	305.2
Short-Term Debt	-	261.89	305.37	249.02	368.44
Current Portion of Long-Term Debt	601.1	271.53	208.85	166.21	58.41
Current Portion of Leases	-	72.88	55.12	55.56	55.41
Current Income Taxes Payable	-	2.67	1.89	13.37	5.96
Current Unearned Revenue	-	27.89	27.03	24.68	23.92
Other Current Liabilities	-	94.46	50.36	39.94	38.21
Total Current Liabilities	601.1	1,732	1,610	1,516	1,413
Long-Term Debt	1,049	569.38	452.83	511.99	371.77
Long-Term Leases	-	249.8	166.92	177.51	183
Pension & Post-Retirement Benefits	-	17.16	9.53	10.56	19.79
Long-Term Deferred Tax Liabilities	-	52.7	40.83	30.15	30.32
Other Long-Term Liabilities	133.9	27.74	43.83	59.29	49.54
Total Liabilities	1,784	2,649	2,324	2,305	2,068
Common Stock	1,312	12.85	13	13	13
Treasury Stock	-	-33.17	-37.2	-37.94	-38.31
Comprehensive Income & Other	-	1,298	1,209	1,065	937.55
Total Common Equity	1,312	1,277	1,185	1,040	912.24
Minority Interest	-	0.05	-0	0.12	0.48
Shareholders' Equity	1,312	1,277	1,185	1,040	912.72
Total Liabilities & Equity	3,095	3,926	3,509	3,345	2,980
Total Debt	1,650	1,425	1,189	1,160	1,037
Net Cash (Debt)	-1,533	-1,340	-1,045	-1,073	-944.79
Net Cash Per Share	-121.13	-106.23	-82.73	-84.88	-75.42
Filing Date Shares Outstanding	12.67	12.54	12.43	12.42	12.39
Total Common Shares Outstanding	12.67	12.54	12.43	12.42	12.39
Working Capital	-479.3	-588.23	-466.66	-397.83	-479.45
Book Value Per Share	103.52	101.87	95.32	83.70	73.65
Tangible Book Value	856.8	867.95	852.69	730.6	627.97
Tangible Book Value Per Share	67.61	69.22	68.59	58.81	50.70

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.