Rai Way 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	4.02	13.49	34.12	35.18	17.24	4.05
Trading Asset Securities	-	-	-	0.94	-	-
Cash & Short-Term Investments	4.02	13.49	34.12	36.12	17.24	4.05
Cash Growth	-75.50%	-60.46%	-5.55%	109.48%	325.50%	-86.57%
Accounts Receivable	81.24	75.06	74.75	66.22	67.82	62.55
Other Receivables	3.58	2.04	1.7	3.07	4.54	4.97
Receivables	84.82	77.09	76.45	69.29	72.35	67.53
Inventory	0.76	0.76	0.76	0.76	0.79	0.87
Total Current Assets	89.59	91.34	111.32	106.17	90.39	72.45
Property, Plant & Equipment	336.89	339.62	330.39	314.21	276.01	233.4
Long-Term Investments	-	-	-	-	0.06	0.5
Goodwill	-	5.81	5.81	5.81	5.81	5.14
Other Intangible Assets	23.88	21.18	18.91	13.71	11.43	10.75
Long-Term Deferred Tax Assets	2.55	3.12	2.95	1.76	3.04	2.85
Other Long-Term Assets	0.9	0.92	0.89	0.95	1.31	1.56
Total Assets	453.82	462	470.28	442.6	388.05	326.65
Accounts Payable	34.78	53.46	65	60.47	51.69	45.55
Accrued Expenses	-	43.85	46.46	36.01	34.14	35
Short-Term Debt	1.62	-	-	0.54	0.1	0.16
Current Portion of Long-Term Debt	36	6.88	1.08	101	0.09	0.17
Current Portion of Leases	9.14	16.15	20.24	17.55	15.06	11.45
Current Income Taxes Payable	2.22	0.3	1.37	0.38	0.08	0.02
Other Current Liabilities	47.09	2.18	2.46	2.44	1.07	0.99
Total Current Liabilities	130.86	122.81	136.61	218.4	102.22	93.34
Long-Term Debt	104.95	100.63	100.39	-	69	15.09
Long-Term Leases	16.86	17.43	17.53	22.58	21.41	23.93
Pension & Post-Retirement Benefits	8.16	8.45	8.91	10	12.26	13.2
Other Long-Term Liabilities	19.12	20.22	18.14	15.46	17.24	16.29
Total Liabilities	279.95	269.55	281.58	266.44	222.13	161.83
Common Stock	70.18	70.18	70.18	70.18	70.18	70.18
Retained Earnings	85.19	115.59	112.05	99.05	89.74	88.82
Treasury Stock	-19.26	-19.26	-19.97	-19.97	-19.97	-19.97
Comprehensive Income & Other	37.75	25.95	26.44	26.91	25.97	25.79
Shareholders' Equity	173.86	192.45	188.69	176.16	165.92	164.81
Total Liabilities & Equity	453.82	462	470.28	442.6	388.05	326.65
Total Debt	168.58	141.09	139.23	141.68	105.65	50.79
Net Cash (Debt)	-164.56	-127.6	-105.11	-105.56	-88.41	-46.74
Net Cash Per Share	-0.61	-0.48	-0.39	-0.39	-0.33	-0.17
Filing Date Shares Outstanding	268.5	268.5	268.37	268.37	268.37	268.37
Total Common Shares Outstanding	268.5	268.5	268.37	268.37	268.37	268.37
Working Capital	-41.26	-31.47	-25.29	-112.23	-11.83	-20.89
Book Value Per Share	0.65	0.72	0.70	0.66	0.62	0.61
Tangible Book Value	149.98	165.45	163.97	156.64	148.67	148.92
Tangible Book Value Per Share	0.56	0.62	0.61	0.58	0.55	0.55
Land	-	12.34	12.1	12.1	12.14	12.02
Buildings	-	121.13	114.97	103.26	98.45	-
Machinery	-	957.07	942.07	923.91	850.16	813.25
Construction In Progress	-	36.41	24.29	26.42	55.98	22.29

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