SMA Solar Technology AG (ETR:S92)

SMA Solar Technology AG Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	273.92	190.79	195.83	260.77	203.65	219.84
Short-Term Investments	-	10.61	13.13	6.22	2.96	17.64
Cash & Short-Term Investments	273.92	201.4	208.96	266.99	206.61	237.48
Cash Growth	8.66%	-3.62%	-21.74%	29.23%	-13.00%	-0.34%
Accounts Receivable	233.66	183.83	216.91	277.4	153.53	142.67
Other Receivables	18.53	25.32	24.67	47.86	29.64	37.3
Receivables	252.19	209.15	241.58	325.26	183.17	179.97
Inventory	400.86	356.86	563.57	559.07	308.67	273.02
Other Current Assets	73.78	46.63	48.36	42.37	24.93	28.85
Total Current Assets	1,001	814.04	1,062	1,194	723.38	719.33
Property, Plant & Equipment	254.25	267.52	233.29	190.47	175.62	187.77
Long-Term Investments	-	11.65	10.33	1.56	6.17	2.66
Goodwill	-	0.31	0.31	0.48	0.48	0.48
Other Intangible Assets	87.87	95.59	120.27	116.8	88.45	62.22
Long-Term Deferred Tax Assets	136.79	113.19	78.65	78.51	85.43	60.28
Other Long-Term Assets	19.6	3.67	35.92	40.41	30.5	20.93
Total Assets	1,499	1,306	1,541	1,622	1,110	1,054

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	236.84	159.07	147.07	303.8	133.45	134.03
Accrued Expenses	-	55.1	57.09	53.92	37.37	17.99
Current Portion of Long-Term Debt	13.39	42.42	144.16	0.31	-	2.25
Current Portion of Leases	-	14.6	11.01	8.51	7.31	8.32
Current Income Taxes Payable	16.68	10.47	17.12	15.69	4.16	6.63
Current Unearned Revenue	258.02	225.77	220.36	198.22	132.38	67.54
Other Current Liabilities	182.18	112.06	102.59	71.9	67.57	115.42
Total Current Liabilities	707.11	619.49	699.39	652.35	382.24	352.16
Long-Term Debt	-	9.79	7.79	6.14	0.02	6.11
Long-Term Leases	78.21	73.22	33.27	16.9	16.34	22.37
Long-Term Unearned Revenue	129.93	129.88	138.11	150.54	152.93	158.65
Long-Term Deferred Tax Liabilities	9.78	3.75	3.52	1.85	0.44	0.36
Other Long-Term Liabilities	105.41	104.31	105.84	107.95	94.54	105.98
Total Liabilities	1,030	940.44	987.91	935.73	646.5	645.64

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	34.7	34.7	34.7	34.7	34.7	34.7
Additional Paid-In Capital	119.2	119.2	119.2	119.2	119.2	119.2
Retained Earnings	314.91	214.38	395.51	530.59	305.79	249.97
Comprehensive Income & Other	-	-2.74	3.91	1.69	3.84	4.15
Total Common Equity	468.81	365.54	553.32	686.18	463.52	408.02
Shareholders' Equity	468.81	365.54	553.32	686.18	463.52	408.02
Total Liabilities & Equity	1,499	1,306	1,541	1,622	1,110	1,054

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	91.6	140.03	196.23	31.85	23.66	39.05
Net Cash (Debt)	182.32	61.38	12.73	235.14	182.94	198.43
Net Cash Growth	109.52%	382.23%	-94.59%	28.53%	-7.80%	0.34%
Net Cash Per Share	5.25	1.77	0.37	6.78	5.27	5.72
Filing Date Shares Outstanding	34.7	34.7	34.7	34.7	34.7	34.7
Total Common Shares Outstanding	34.7	34.7	34.7	34.7	34.7	34.7
Working Capital	293.64	194.55	363.07	541.34	341.14	367.16
Book Value Per Share	13.51	10.53	15.95	19.77	13.36	11.76
Tangible Book Value	380.95	269.64	432.74	568.91	374.59	345.32
Tangible Book Value Per Share	10.98	7.77	12.47	16.39	10.80	9.95
Land	-	-	239.21	234.42	223.98	219.28
Machinery	-	-	297.03	279.28	261.68	254.69
Order Backlog	-	1,352	1,356	1,705	2,077	886.6

Data Source: S&P Global Market Intelligence Last updated: Nov 12, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 12, 2026

Data Sources Report a data error