Vallourec Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	973	964.77	1,103	899.95	551.6	620.47
Short-Term Investments	-	-	-	0.08	6.82	15.84
Cash & Short-Term Investments	973	964.77	1,103	900.03	558.42	636.32
Cash Growth	-11.38%	-12.55%	22.58%	61.17%	-12.24%	-54.47%
Accounts Receivable	494	524.19	640.58	723.09	754.88	558.26
Other Receivables	-	97.06	123.81	121.91	87.04	54.67
Receivables	494	621.25	764.62	845.05	842.15	613.2
Inventory	930	945.78	1,170	1,242	1,312	1,015
Other Current Assets	255	165.93	176.93	210.77	236.22	166.43
Total Current Assets	2,652	2,698	3,214	3,198	2,948	2,431
Property, Plant & Equipment	1,825	1,764	1,842	1,980	1,829	1,753
Long-Term Investments	13	28.21	31.98	33.09	95.82	110.11
Goodwill	36	33.66	33.71	39.82	39.6	37.55
Other Intangible Assets	32	34.33	33.06	42.04	36.82	45.58
Long-Term Accounts Receivable	-	3.15	4.71	-	-	-
Long-Term Deferred Tax Assets	152	144.78	180.05	208.58	237.73	239.47
Other Long-Term Assets	198	173.5	189.2	208.81	168.07	128.76
Total Assets	4,908	4,882	5,531	5,713	5,358	4,748
Accounts Payable	628	679.19	795.05	762.51	786.92	601
Accrued Expenses	-	155.94	159.51	179.16	168.4	173.63
Short-Term Debt	38	-	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	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	406	198.61	280.71	408.45	453.14	169.8
Total Current Liabilities	1,091	1,169	1,502	1,600	1,801	1,184
Long-Term Debt	826	809.38	962.1	1,348	1,367	1,387
Long-Term Leases	39	41.16	40.98	39.74	50.62	50.33
Pension & Post-Retirement Benefits	91	95.45	74.63	102.07	104.71	136.87
Long-Term Deferred Tax Liabilities	92	93.06	84.12	83.35	51.84	29.1
Other Long-Term Liabilities	247	279.73	265.75	316.67	296.89	152.71
Total Liabilities	2,386	2,488	2,930	3,490	3,672	2,941
Common Stock	2,427	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	2,427	2,306	2,512	2,157	1,643	1,763
Minority Interest	95	87.68	88.92	67.04	42.36	44.66
Shareholders' Equity	2,522	2,394	2,601	2,224	1,686	1,808
Total Liabilities & Equity	4,908	4,882	5,531	5,713	5,358	4,748
Total Debt	922	923.05	1,170	1,527	1,752	1,645
Net Cash (Debt)	51	41.72	-66.98	-626.74	-1,193	-1,008
Net Cash Per Share	0.20	0.17	-0.27	-2.61	-5.20	-8.40
Filing Date Shares Outstanding	232	230.88	233.97	229.77	229.08	228.74
Total Common Shares Outstanding	232	234.23	233.92	229.77	229.08	228.74
Working Capital	1,561	1,529	1,712	1,598	1,147	1,247
Book Value Per Share	10.46	9.85	10.74	9.39	7.17	7.71
Tangible Book Value	2,359	2,238	2,445	2,075	1,567	1,680
Tangible Book Value Per Share	10.17	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

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