Merck KGaA 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	2,743	2,740	2,517	1,982	1,854	1,899
Cash & Short-Term Investments	2,743	2,740	2,517	1,982	1,854	1,899
Cash Growth	173.02%	8.86%	26.99%	6.90%	-2.37%	40.15%
Accounts Receivable	4,318	3,947	3,947	4,004	4,114	3,646
Other Receivables	1,152	791	774	603	449	381
Total Trade Receivables	5,470	4,738	4,721	4,607	4,563	4,027
Inventory	4,782	4,562	4,484	4,637	4,632	3,900
Other Current Assets	1,166	1,190	1,730	1,168	1,151	1,155
Total Current Assets	14,162	13,230	13,450	12,393	12,201	10,982
Net Property, Plant & Equipment	10,044	9,940	10,025	9,056	8,204	7,217
Other Intangible Assets	7,766	7,662	6,351	6,551	7,335	7,612
Goodwill	18,280	17,934	19,107	17,845	18,389	17,004
Long-Term Investments	997	995	1,175	984	960	914
Other Long-Term Assets	1,821	1,767	1,488	1,666	1,446	1,632
Total Assets	53,070	51,527	51,596	48,495	48,535	45,362
Accounts Payable	2,129	2,110	2,275	2,545	2,499	2,380
Accrued Expenses	536	544	571	658	453	601
Short-Term Debt	1,236	1,238	3,304	702	1,228	2,531
Other Current Liabilities	5,449	5,150	5,146	4,794	5,334	4,920
Total Current Liabilities	9,349	9,042	11,295	8,699	9,514	10,432
Long-Term Debt	10,802	10,730	6,997	9,239	9,200	8,270
Other Long-Term Liabilities	3,099	3,095	3,314	3,802	3,814	5,245
Total Long-Term Liabilities	13,902	13,826	10,312	13,042	13,015	13,515
Total Liabilities	23,251	22,868	21,607	21,741	22,529	23,947
Common Stock	565	565	565	565	565	565
Additional Paid-in Capital	3,814	3,814	3,814	3,814	3,814	3,814
Accumulated Other Comprehensive Income	670	174	3,448	2,073	3,086	1,824
Retained Earnings	24,693	24,039	22,087	20,228	18,463	15,134
Total Common Shareholders' Equity	29,742	28,592	29,914	26,680	25,927	21,338
Minority Interest	77	68	75	75	78	78
Shareholders' Equity	29,819	28,660	29,989	26,754	26,005	21,416
Total Liabilities & Equity	53,070	51,527	51,596	48,495	48,535	45,362
Total Debt	12,038	11,968	10,301	9,941	10,428	10,801
Net Cash (Debt)	-9,295	-9,228	-7,784	-7,959	-8,574	-8,902
Net Cash Per Share	-21.36	-21.23	-17.90	-18.31	-19.72	-20.48
Book Value	29,742	28,592	29,914	26,680	25,927	21,338
Book Value Per Share	68.35	65.76	68.80	61.36	59.63	49.08
Tangible Book Value	3,696	2,996	4,456	2,284	203	-3,278
Tangible Book Value Per Share	8.49	6.89	10.25	5.25	0.47	-7.54