Valneva SE 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	105.27	109.65	168.27	126.08	289.43	346.69
Cash & Short-Term Investments	105.27	109.65	168.27	126.08	289.43	346.69
Cash Growth	-31.20%	-34.84%	33.46%	-56.44%	-16.52%	69.58%
Receivables	10.13	27.81	35.21	41.65	23.91	44.01
Inventory	50.58	50.23	53.66	44.47	35.1	124.1
Other Current Assets	35.46	34.85	41.87	50.63	76.21	71.04
Total Current Assets	201.44	222.54	299.01	262.82	424.66	585.83
Property, Plant & Equipment	133.61	138.03	158.12	156.59	154.04	173.83
Long-Term Investments	-	-	-	-	-	2.12
Other Intangible Assets	21.63	21.39	24.15	24.33	27.32	31.12
Long-Term Deferred Tax Assets	7.76	8.33	9.61	6.59	5.64	3.58
Long-Term Deferred Charges	-	0.96	1.11	1.24	1.39	1.58
Other Long-Term Assets	7.58	7.59	8.04	8.49	8.3	19.28
Total Assets	372.01	398.84	500.03	460.06	621.34	817.35
Accounts Payable	21.81	9.07	12.64	17.56	14.51	16.04
Accrued Expenses	22.3	40.67	43.36	46.69	48.31	102.23
Current Portion of Long-Term Debt	18.27	17.91	20.85	44.08	11.58	7.11
Current Portion of Leases	2.74	2.74	2.51	2.88	25.41	3.14
Current Income Taxes Payable	0.07	0	1.74	0.63	0.53	0.08
Current Unearned Revenue	0.43	0.43	3.01	5.7	9.41	124.02
Other Current Liabilities	28.62	22.51	30.47	41.32	167.65	116.37
Total Current Liabilities	94.22	93.33	114.58	158.86	277.39	368.98
Long-Term Debt	164.06	161.26	166.52	132.77	87.23	50.73
Long-Term Leases	24.43	25.34	26.43	29.09	28.16	53.69
Long-Term Unearned Revenue	-	-	-	-	-	4.74
Long-Term Deferred Tax Liabilities	4.43	4.41	4.16	3.64	0.69	1.29
Other Long-Term Liabilities	8.17	8.32	7.08	7.46	8.07	167.35
Total Liabilities	295.31	292.67	318.78	331.82	401.55	646.77
Common Stock	26.08	26.03	24.38	20.84	20.76	15.79
Additional Paid-In Capital	676.82	675.94	647.6	594	594.04	409.26
Retained Earnings	-711.19	-688.64	-573.45	-561.2	-459.77	-316.49
Treasury Stock	-	-0.65	-0.65	-0.65	-0.65	-0.65
Comprehensive Income & Other	84.99	93.48	83.37	75.25	65.41	62.67
Shareholders' Equity	76.7	106.17	181.25	128.25	219.8	170.58
Total Liabilities & Equity	372.01	398.84	500.03	460.06	621.34	817.35
Total Debt	209.51	207.25	216.31	208.82	152.38	114.66
Net Cash (Debt)	-104.24	-97.6	-48.04	-82.74	137.05	232.03
Net Cash Growth	-	-	-	-	-40.94%	134.41%
Net Cash Per Share	-0.60	-0.58	-0.33	-0.60	1.19	2.38
Filing Date Shares Outstanding	178.18	173.42	162.4	138.79	138.24	105.24
Total Common Shares Outstanding	178.18	173.42	162.4	138.79	138.24	105.24
Working Capital	107.22	129.21	184.43	103.96	147.27	216.85
Book Value Per Share	0.43	0.61	1.12	0.92	1.59	1.62
Tangible Book Value	55.07	84.78	157.1	103.92	192.48	139.46
Tangible Book Value Per Share	0.31	0.49	0.97	0.75	1.39	1.33
Land	-	147.41	151.03	125.58	96.53	25.55
Machinery	-	80.92	79.5	79.02	81.47	48.79
Construction In Progress	-	1.03	3.52	3.72	1.58	92.66

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