Pirelli & C. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	926.19	1,503	1,253	1,290	1,885	2,275
Trading Asset Securities	73.25	165.97	228.76	250.18	113.9	59.29
Cash & Short-Term Investments	999.45	1,669	1,482	1,540	1,999	2,335
Cash Growth	5.42%	12.63%	-3.79%	-22.95%	-14.40%	40.81%
Accounts Receivable	997.3	658.2	678.87	671.55	692.13	622.98
Other Receivables	443.34	445.72	422.36	733.78	455.43	473.04
Receivables	1,441	1,104	1,101	1,405	1,148	1,096
Inventory	1,405	1,468	1,371	1,458	1,092	836.44
Other Current Assets	65.45	22.32	13.03	19.38	46.56	17.56
Total Current Assets	3,911	4,263	3,967	4,422	4,285	4,285
Property, Plant & Equipment	3,291	3,428	3,409	3,400	3,289	3,160
Long-Term Investments	218.27	188.41	152.12	155.08	142.41	115.31
Goodwill	-	1,887	1,885	1,885	1,884	1,884
Other Intangible Assets	5,063	3,273	3,379	3,498	3,602	3,698
Long-Term Accounts Receivable	-	6.25	3.99	7.2	6.71	11.17
Long-Term Deferred Tax Assets	218.64	228.74	202.85	176.97	137.64	109.38
Other Long-Term Assets	422.18	407.09	531.85	353.49	537	476.16
Total Assets	13,124	13,681	13,531	13,898	13,883	13,739
Accounts Payable	1,610	2,082	1,999	1,973	1,626	1,317
Accrued Expenses	35.72	328	345.15	347.29	272.16	269.17
Current Portion of Long-Term Debt	940.64	659.2	708.62	726.45	1,408	840.66
Current Portion of Leases	103.7	105.16	99.1	88.99	91.61	75.4
Current Income Taxes Payable	174.05	63.15	105.19	102.1	134.39	99.51
Current Unearned Revenue	-	6.15	3.21	7.97	4.42	4.2
Other Current Liabilities	364.43	97.13	103.01	96.09	87.07	110.18
Total Current Liabilities	3,228	3,340	3,364	3,342	3,624	2,716
Long-Term Debt	2,390	2,688	2,791	3,294	3,380	4,668
Long-Term Leases	365.9	380.47	383.39	396.5	412.8	390.45
Pension & Post-Retirement Benefits	172.67	184.04	180.22	180.56	220.6	243.93
Long-Term Deferred Tax Liabilities	943.46	990.25	990.87	1,042	1,034	1,007
Other Long-Term Liabilities	164.95	185.07	201.87	189.03	169.17	161.33
Total Liabilities	7,265	7,768	7,911	8,444	8,841	9,187
Common Stock	1,904	1,904	1,904	1,904	1,904	1,904
Retained Earnings	374.63	467.98	479.08	417.76	302.8	29.78
Comprehensive Income & Other	3,413	3,384	3,111	3,002	2,701	2,513
Total Common Equity	5,692	5,756	5,494	5,324	4,908	4,447
Minority Interest	166.88	156.18	125.2	130.03	134.53	104.43
Shareholders' Equity	5,859	5,912	5,620	5,454	5,043	4,552
Total Liabilities & Equity	13,124	13,681	13,531	13,898	13,883	13,739
Total Debt	3,800	3,833	3,982	4,506	5,292	5,975
Net Cash (Debt)	-2,801	-2,164	-2,501	-2,966	-3,294	-3,640
Net Cash Per Share	-2.81	-2.16	-2.50	-2.97	-3.29	-3.64
Filing Date Shares Outstanding	1,000	1,000	1,000	1,000	1,000	1,000
Total Common Shares Outstanding	1,000	1,000	1,000	1,000	1,000	1,000
Working Capital	682.61	922.24	603.52	1,080	660.84	1,569
Book Value Per Share	5.69	5.76	5.49	5.32	4.91	4.45
Tangible Book Value	628.72	596.34	230.61	-59.04	-577.55	-1,135
Tangible Book Value Per Share	0.63	0.60	0.23	-0.06	-0.58	-1.13
Land	-	152.58	150.75	147.98	144.12	147.41
Buildings	-	945.39	910.76	909.18	848.14	787.49
Machinery	-	4,297	4,071	3,647	3,279	2,959

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