ENAV 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	400.43	356.82	224.88	267.73	225.31	316.04
Short-Term Investments	-	-	-	-	-	9.85
Cash & Short-Term Investments	400.43	356.82	224.88	267.73	225.31	325.89
Cash Growth	32.93%	58.67%	-16.01%	18.83%	-30.86%	-31.28%
Accounts Receivable	562.29	456	391.3	333.57	177.16	136.58
Other Receivables	-	19.78	32.18	34.67	52.41	62.28
Receivables	562.29	475.78	423.49	368.24	229.57	198.86
Inventory	59.75	60.47	62.78	61.08	61.52	61.56
Other Current Assets	0.01	7.79	3.65	3.94	3.55	4.72
Total Current Assets	1,022	900.87	714.79	700.99	519.95	591.04
Property, Plant & Equipment	792.48	810.36	822.84	851.69	884.72	929.53
Long-Term Investments	53.48	55.09	47.03	36.65	47.6	50.47
Goodwill	-	93.47	93.47	93.47	93.47	93.47
Other Intangible Assets	187.32	96.06	96.83	86.95	82.72	82.16
Long-Term Accounts Receivable	218.07	385.45	526.84	606.78	687.25	385.97
Long-Term Deferred Tax Assets	22.59	31.58	33.59	36.32	33.25	27.15
Other Long-Term Assets	-	0.05	0.05	6.14	7.16	31.62
Total Assets	2,296	2,373	2,335	2,419	2,356	2,191
Accounts Payable	143.29	145.2	189.95	136.99	113.04	146.7
Accrued Expenses	-	21.8	22.95	26.22	14.7	22.68
Current Portion of Long-Term Debt	379.85	-	-	431.65	250.32	65.38
Current Portion of Leases	2.76	1.73	2.55	2.01	1.91	2.14
Current Income Taxes Payable	-	11.77	14.88	30.6	18.19	10.52
Current Unearned Revenue	-	96.65	90.7	83.19	49.93	41.52
Other Current Liabilities	222.57	88.49	84.68	53.59	61.36	94.22
Total Current Liabilities	748.47	365.64	405.7	764.25	509.44	383.16
Long-Term Debt	195.19	-	-	165.09	411.43	480.08
Long-Term Leases	9.17	2.79	2.38	2.57	3.77	5.07
Long-Term Deferred Tax Liabilities	-	4.36	4.68	5.79	6.19	6.73
Other Long-Term Liabilities	162.54	770.77	703.93	274.39	262.2	230.9
Total Liabilities	1,149	1,144	1,117	1,212	1,193	1,106
Common Stock	1,147	541.74	541.74	541.74	541.74	541.74
Retained Earnings	-	244.06	242.75	236.38	189.78	111.45
Treasury Stock	-	-1.62	-2.69	-1.54	-2.15	-3.2
Comprehensive Income & Other	-	444.16	435.8	428.96	431.86	433.28
Total Common Equity	1,147	1,228	1,218	1,206	1,161	1,083
Minority Interest	0.91	1.01	1.13	1.34	1.85	2.19
Shareholders' Equity	1,147	1,229	1,219	1,207	1,163	1,085
Total Liabilities & Equity	2,296	2,373	2,335	2,419	2,356	2,191
Total Debt	586.97	4.52	4.93	601.32	667.43	552.67
Net Cash (Debt)	-186.54	352.3	219.94	-333.59	-442.12	-226.77
Net Cash Growth	-	60.18%	-	-	-	-
Net Cash Per Share	-	0.65	0.41	-0.62	-0.82	-0.42
Filing Date Shares Outstanding	-	541.36	541.11	541.37	541.23	540.97
Total Common Shares Outstanding	-	541.36	541.11	541.37	541.23	540.97
Working Capital	274.01	535.23	309.09	-63.26	10.5	207.88
Book Value Per Share	-	2.27	2.25	2.23	2.15	2.00
Tangible Book Value	959.23	1,039	1,027	1,025	985.04	907.65
Tangible Book Value Per Share	-	1.92	1.90	1.89	1.82	1.68
Land	-	587.24	571.13	564.78	559.71	553.44
Machinery	-	2,386	2,304	2,284	2,270	2,260
Construction In Progress	-	276.24	298.77	260.26	240.1	207.4

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