ETR:P911 Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	4,559	4,996	6,384	5,820	3,719	4,686
Short-Term Investments	2,565	2,307	1,965	1,826	1,795	982
Cash & Short-Term Investments	7,124	7,303	8,349	7,646	5,514	5,668
Cash Growth	12.81%	-12.53%	9.19%	38.66%	-2.72%	7.86%
Accounts Receivable	1,328	1,282	1,340	1,449	1,268	1,199
Other Receivables	264	1,335	1,425	1,314	815	1,815
Receivables	1,592	2,617	2,765	2,763	2,083	3,014
Inventory	6,123	6,006	6,130	5,947	5,504	4,517
Finance Div. Loans and Leases	2,026	1,904	1,808	1,669	1,538	-
Other Current Assets	3,782	2,108	1,236	2,015	5,515	5,353
Total Current Assets	20,647	19,938	20,288	20,040	20,154	18,552
Property, Plant & Equipment	15,700	14,324	14,330	12,203	11,548	11,724
Long-Term Investments	2,968	1,606	1,519	1,465	1,259	886
Goodwill	-	105	28	18	19	9
Other Intangible Assets	8,015	959	863	960	996	880
Finance Div. Loans and Leases Long-Term	5,452	5,122	5,078	4,676	4,382	-
Long-Term Deferred Tax Assets	-	585	698	627	742	867
Long-Term Deferred Charges	-	7,179	8,050	7,576	6,458	5,301
Other Long-Term Assets	-	2,897	2,673	2,882	2,084	13,163
Total Assets	52,782	52,715	53,527	50,447	47,642	51,382

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	3,076	3,244	3,378	3,490	2,899	2,447
Accrued Expenses	-	1,043	1,272	1,431	1,668	1,154
Current Portion of Long-Term Debt	4,836	4,724	4,054	3,707	3,357	3,016
Current Portion of Leases	118	119	122	113	106	107
Current Income Taxes Payable	-	233	195	128	167	126
Current Unearned Revenue	-	856	942	904	733	790
Other Current Liabilities	6,361	3,902	4,380	3,794	7,649	5,439
Total Current Liabilities	14,391	14,121	14,343	13,567	16,579	13,079
Long-Term Debt	5,697	5,477	6,141	5,603	5,076	5,643
Long-Term Leases	1,037	1,046	1,019	934	940	956
Long-Term Unearned Revenue	-	747	631	562	582	446
Pension & Post-Retirement Benefits	3,329	3,530	4,074	4,315	3,668	5,525
Long-Term Deferred Tax Liabilities	-	2,455	2,114	2,010	1,607	782
Other Long-Term Liabilities	5,389	2,218	2,149	1,788	2,155	2,016
Total Liabilities	29,843	29,594	30,471	28,779	30,607	28,447

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	911	911	911	911	911	45
Retained Earnings	17,104	16,886	17,993	16,305	12,395	9,146
Comprehensive Income & Other	4,839	5,194	4,139	4,451	3,721	13,736
Total Common Equity	22,854	22,991	23,043	21,667	17,027	22,927
Minority Interest	85	130	13	1	8	8
Shareholders' Equity	22,939	23,121	23,056	21,668	17,035	22,935
Total Liabilities & Equity	52,782	52,715	53,527	50,447	47,642	51,382

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	11,688	11,366	11,336	10,357	9,479	9,722
Net Cash (Debt)	-4,564	-4,063	-2,987	-2,711	-3,965	-4,054
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.01	-4.46	-3.28	-2.98	-4.35	-44.55
Filing Date Shares Outstanding	911	911	911	911	911	91
Total Common Shares Outstanding	911	911	911	911	911	91
Working Capital	6,256	5,817	5,945	6,473	3,575	5,473
Book Value Per Share	25.09	25.24	25.29	23.78	18.69	251.95
Tangible Book Value	14,839	21,927	22,152	20,689	16,012	22,038
Tangible Book Value Per Share	16.29	24.07	24.32	22.71	17.58	242.18
Land	-	7,465	7,142	6,803	6,544	6,008
Machinery	-	14,868	14,588	13,137	11,943	11,645