Vallourec 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	964.77	1,103	899.95	551.6	620.47
Short-Term Investments	-	-	0.08	6.82	15.84
Cash & Short-Term Investments	964.77	1,103	900.03	558.42	636.32
Cash Growth	-12.55%	22.58%	61.17%	-12.24%	-54.47%
Accounts Receivable	524.19	640.58	723.09	754.88	558.26
Other Receivables	97.06	123.81	121.91	87.04	54.67
Receivables	621.25	764.62	845.05	842.15	613.2
Inventory	945.78	1,170	1,242	1,312	1,015
Other Current Assets	165.93	176.93	210.77	236.22	166.43
Total Current Assets	2,698	3,214	3,198	2,948	2,431
Property, Plant & Equipment	1,764	1,842	1,980	1,829	1,753
Long-Term Investments	28.21	31.98	33.09	95.82	110.11
Goodwill	33.66	33.71	39.82	39.6	37.55
Other Intangible Assets	34.33	33.06	42.04	36.82	45.58
Long-Term Accounts Receivable	3.15	4.71	-	-	-
Long-Term Deferred Tax Assets	144.78	180.05	208.58	237.73	239.47
Other Long-Term Assets	173.5	189.2	208.81	168.07	128.76
Total Assets	4,882	5,531	5,713	5,358	4,748
Accounts Payable	679.19	795.05	762.51	786.92	601
Accrued Expenses	155.94	159.51	179.16	168.4	173.63
Short-Term Debt	-	77	1.73	4.82	3.41
Current Portion of Long-Term Debt	52.59	63.83	120.47	309.31	186.25
Current Portion of Leases	19.92	26.35	16.69	19.76	17.4
Current Income Taxes Payable	62.64	99.93	110.6	58.69	32.72
Other Current Liabilities	198.61	280.71	408.45	453.14	169.8
Total Current Liabilities	1,169	1,502	1,600	1,801	1,184
Long-Term Debt	809.38	962.1	1,348	1,367	1,387
Long-Term Leases	41.16	40.98	39.74	50.62	50.33
Pension & Post-Retirement Benefits	95.45	74.63	102.07	104.71	136.87
Long-Term Deferred Tax Liabilities	93.06	84.12	83.35	51.84	29.1
Other Long-Term Liabilities	279.73	265.75	316.67	296.89	152.71
Total Liabilities	2,488	2,930	3,490	3,672	2,941
Common Stock	4.77	4.76	4.75	4.64	4.58
Additional Paid-In Capital	3,959	3,956	3,956	3,951	3,952
Retained Earnings	354.63	452.07	495.91	-366.38	39.55
Treasury Stock	-2.02	-	-	-0.56	-0.87
Comprehensive Income & Other	-2,010	-1,900	-2,300	-1,946	-2,232
Total Common Equity	2,306	2,512	2,157	1,643	1,763
Minority Interest	87.68	88.92	67.04	42.36	44.66
Shareholders' Equity	2,394	2,601	2,224	1,686	1,808
Total Liabilities & Equity	4,882	5,531	5,713	5,358	4,748
Total Debt	923.05	1,170	1,527	1,752	1,645
Net Cash (Debt)	41.72	-66.98	-626.74	-1,193	-1,008
Net Cash Per Share	0.17	-0.27	-2.61	-5.20	-8.40
Filing Date Shares Outstanding	230.88	233.97	229.77	229.08	228.74
Total Common Shares Outstanding	234.23	233.92	229.77	229.08	228.74
Working Capital	1,529	1,712	1,598	1,147	1,247
Book Value Per Share	9.85	10.74	9.39	7.17	7.71
Tangible Book Value	2,238	2,445	2,075	1,567	1,680
Tangible Book Value Per Share	9.56	10.45	9.03	6.84	7.34
Land	84.85	86.9	107.71	125.04	111.85
Buildings	762.38	807.84	798.75	881.64	828.1
Machinery	3,120	3,351	3,812	4,038	3,800
Construction In Progress	294.86	240.42	282.61	155.98	166.11

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