A2A S.p.A. 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	1,397	1,549	1,629	2,584	964	1,012
Short-Term Investments	-	31	-	-	-	-
Accounts Receivable	3,752	3,643	3,540	4,680	3,291	2,030
Other Receivables	67	420	387	439	301	302
Inventory	404	316	319	536	204	139
Other Current Assets	1,011	1,327	1,951	2,899	3,989	498
Total Current Assets	6,631	7,286	7,826	11,138	8,749	3,981
Property, Plant & Equipment	7,744	7,517	6,643	6,162	5,588	5,162
Goodwill	1,758	1,753	846	844	746	426
Other Intangible Assets	2,648	2,546	2,784	2,671	2,379	2,311
Long-Term Investments	26	64	56	45	33	17
Long-Term Loans Receivable	-	2	-	-	-	-
Long-Term Deferred Tax Assets	544	549	464	363	424	265
Other Long-Term Assets	242	177	179	144	89	64
Total Assets	19,593	19,894	18,798	21,367	18,008	12,226
Accounts Payable	-	3,639	4,099	5,481	2,886	1,549
Accrued Expenses	-	333	274	261	264	292
Current Portion of Long-Term Debt	1,013	913	740	991	723	567
Current Unearned Revenue	4,018	43	6	43	8	3
Current Portion of Leases	-	42	35	31	23	21
Current Income Taxes Payable	102	120	70	134	21	5
Other Current Liabilities	1,432	1,069	1,796	2,745	4,238	588
Total Current Liabilities	6,565	6,159	7,020	9,686	8,163	3,025
Long-Term Debt	5,559	6,184	5,434	5,735	4,233	3,820
Long-Term Leases	-	133	142	132	89	89
Pension & Post-Retirement Benefits	202	214	237	248	294	278
Other Long-Term Liabilities	1,019	1,201	1,163	1,099	926	898
Total Liabilities	13,345	13,891	13,996	16,900	13,705	8,110
Common Stock	1,629	1,629	1,629	1,629	1,629	1,629
Retained Earnings	581	864	659	401	504	364
Treasury Stock	-5	-	-	-	-	-54
Comprehensive Income & Other	3,476	2,952	1,952	1,869	1,627	1,598
Total Common Equity	5,681	5,445	4,240	3,899	3,760	3,537
Minority Interest	567	558	562	568	543	579
Shareholders' Equity	6,248	6,003	4,802	4,467	4,303	4,116
Total Liabilities & Equity	19,593	19,894	18,798	21,367	18,008	12,226
Total Debt	6,572	7,272	6,351	6,889	5,068	4,497
Net Cash (Debt)	-5,175	-5,692	-4,722	-4,305	-4,104	-3,485
Net Cash Per Share	-1.65	-1.82	-1.51	-1.37	-1.34	-1.12
Filing Date Shares Outstanding	3,129	3,133	3,133	3,133	3,133	3,109
Total Common Shares Outstanding	3,129	3,133	3,133	3,133	3,133	3,109
Working Capital	66	1,127	806	1,452	586	956
Book Value Per Share	1.58	1.50	1.35	1.24	1.20	1.14
Tangible Book Value	1,275	1,146	610	384	635	800
Tangible Book Value Per Share	0.17	0.13	0.19	0.12	0.20	0.26
Land	-	162	153	153	141	127
Construction In Progress	-	1,006	689	800	544	226

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