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	965	1,103	899.95	551.6	620.47
Short-Term Investments	-	-	0.08	6.82	15.84
Cash & Short-Term Investments	965	1,103	900.03	558.42	636.32
Cash Growth	-12.53%	22.58%	61.17%	-12.24%	-54.47%
Accounts Receivable	532	640.58	723.09	754.88	558.26
Other Receivables	-	123.81	121.91	87.04	54.67
Receivables	532	764.62	845.05	842.15	613.2
Inventory	946	1,170	1,242	1,312	1,015
Other Current Assets	255	176.93	210.77	236.22	166.43
Total Current Assets	2,698	3,214	3,198	2,948	2,431
Property, Plant & Equipment	1,765	1,842	1,980	1,829	1,753
Long-Term Investments	14	31.98	33.09	95.82	110.11
Goodwill	34	33.71	39.82	39.6	37.55
Other Intangible Assets	34	33.06	42.04	36.82	45.58
Long-Term Deferred Tax Assets	145	180.05	208.58	237.73	239.47
Other Long-Term Assets	192	193.92	208.81	168.07	128.76
Total Assets	4,882	5,531	5,713	5,358	4,748
Accounts Payable	679	795.05	762.51	786.92	601
Accrued Expenses	-	159.51	179.16	168.4	173.63
Short-Term Debt	53	77	1.73	4.82	3.41
Current Portion of Long-Term Debt	-	63.83	120.47	309.31	186.25
Current Portion of Leases	20	26.35	16.69	19.76	17.4
Current Income Taxes Payable	-	99.93	110.6	58.69	32.72
Other Current Liabilities	417	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	962.1	1,348	1,367	1,387
Long-Term Leases	41	40.98	39.74	50.62	50.33
Pension & Post-Retirement Benefits	95	74.63	102.07	104.71	136.87
Long-Term Deferred Tax Liabilities	93	84.12	83.35	51.84	29.1
Other Long-Term Liabilities	281	265.75	316.67	296.89	152.71
Total Liabilities	2,488	2,930	3,490	3,672	2,941
Common Stock	1,951	4.76	4.75	4.64	4.58
Additional Paid-In Capital	-	3,956	3,956	3,951	3,952
Retained Earnings	355	452.07	495.91	-366.38	39.55
Treasury Stock	-	-	-	-0.56	-0.87
Comprehensive Income & Other	-	-1,900	-2,300	-1,946	-2,232
Total Common Equity	2,306	2,512	2,157	1,643	1,763
Minority Interest	88	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	1,170	1,527	1,752	1,645
Net Cash (Debt)	42	-66.98	-626.74	-1,193	-1,008
Net Cash Per Share	0.17	-0.28	-2.57	-5.20	-8.40
Filing Date Shares Outstanding	235	233.97	229.77	229.08	228.74
Total Common Shares Outstanding	235	233.92	229.77	229.08	228.74
Working Capital	1,529	1,712	1,598	1,147	1,247
Book Value Per Share	9.81	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	9.52	10.45	9.03	6.84	7.34
Land	-	86.9	107.71	125.04	111.85
Buildings	-	717.55	798.75	881.64	828.1
Machinery	-	2,941	3,812	4,038	3,800
Construction In Progress	-	240.42	282.61	155.98	166.11

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