ERG 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	-	600.97	467.57	392.81	860.35	655.57
Short-Term Investments	-	438.31	237.7	205.14	424.28	20.34
Trading Asset Securities	-	7.48	30.77	35.76	-	50.25
Accounts Receivable	-	134.32	157.9	202.47	320.2	178.48
Other Receivables	-	39.01	100.4	82.54	124.96	64.91
Inventory	-	23.44	20.02	17.6	32.3	49.38
Other Current Assets	75	88.36	54.31	144.42	947.11	43.5
Total Current Assets	75	1,332	1,069	1,307	2,709	1,062
Property, Plant & Equipment	3,166	3,212	2,569	2,274	2,048	2,259
Goodwill	-	453.99	412.51	408.05	306.12	223.38
Other Intangible Assets	1,514	1,126	990.87	971.67	689.06	826.48
Long-Term Investments	52	37.19	36.75	34.91	13.1	12.69
Long-Term Deferred Tax Assets	-	54.33	41.4	138.24	150.35	53.52
Other Long-Term Assets	264	102.4	93.26	92.32	87.72	89.07
Total Assets	5,071	6,318	5,212	5,226	6,004	4,527
Accounts Payable	-	123.55	122.04	123	254.37	74.2
Accrued Expenses	-	26.46	26.16	25.95	20.14	21.82
Short-Term Debt	-	185.56	158.19	62.19	1,052	64.56
Current Portion of Long-Term Debt	-	539.72	27.96	311.52	290.6	76.75
Current Unearned Revenue	-	3.31	2.49	7.27	4.94	0.25
Current Portion of Leases	-	6.51	6.35	22.37	6.28	8.86
Current Income Taxes Payable	-	35.39	40.22	52.31	19.8	17.01
Other Current Liabilities	-	62.94	61.23	231.2	260.86	88.35
Total Current Liabilities	-	983.44	444.64	835.81	1,909	351.82
Long-Term Debt	1,882	2,141	2,016	1,751	2,074	2,015
Long-Term Leases	237	222.92	165.69	150.96	122.66	91.86
Long-Term Unearned Revenue	-	9.35	14.5	0.79	1.48	1.63
Pension & Post-Retirement Benefits	2	2.71	3.54	3.72	4.29	5.43
Long-Term Deferred Tax Liabilities	-	219	191.96	197.26	107.27	120.44
Other Long-Term Liabilities	857	516.32	235.98	231.9	215.97	173.52
Total Liabilities	2,978	4,095	3,072	3,172	4,435	2,759
Common Stock	2,025	15.03	15.03	15.03	15.03	15.03
Additional Paid-In Capital	-	74.54	74.54	74.54	69.17	64.57
Retained Earnings	-	448.52	482.01	820.2	727.62	772.82
Treasury Stock	-	-97.94	-66.74	-5.38	-	-
Comprehensive Income & Other	-	1,706	1,628	1,141	747.17	905.65
Total Common Equity	2,025	2,147	2,133	2,045	1,559	1,758
Minority Interest	68	76.48	6.66	9.33	9.64	9.67
Shareholders' Equity	2,093	2,223	2,140	2,055	1,569	1,768
Total Liabilities & Equity	5,071	6,318	5,212	5,226	6,004	4,527
Total Debt	2,119	3,096	2,374	2,298	3,546	2,257
Net Cash (Debt)	-2,119	-2,049	-1,638	-1,665	-2,261	-1,530
Net Cash Per Share	-14.58	-14.01	-10.97	-11.13	-15.17	-10.28
Filing Date Shares Outstanding	145.35	145.35	145.78	149.54	149.54	148.87
Total Common Shares Outstanding	145.35	145.95	147.13	149.54	149.54	148.87
Working Capital	75	348.45	624.02	471	800.14	710.61
Book Value Per Share	13.93	14.71	14.50	13.68	10.43	11.81
Tangible Book Value	511	567.09	729.66	665.64	563.8	708.22
Tangible Book Value Per Share	3.52	3.89	4.96	4.45	3.77	4.76
Land	-	119.92	104.39	99.83	116.95	239.23
Machinery	-	5,362	4,427	4,251	4,170	4,776
Construction In Progress	-	137.34	355.54	214.46	248.93	145.23

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