Leonardo 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	1,593	2,556	2,407	1,511	2,479	2,213
Cash & Short-Term Investments	1,593	2,556	2,407	1,511	2,479	2,213
Cash Growth	80.00%	6.19%	59.30%	-39.05%	12.02%	12.79%
Accounts Receivable	3,717	7,724	7,321	6,990	6,951	6,092
Other Receivables	-	326	287	223	303	330
Receivables	4,023	8,402	7,813	7,318	7,254	6,589
Inventory	1,925	6,520	5,693	5,338	5,486	5,882
Prepaid Expenses	-	149	140	110	104	97
Other Current Assets	-	577	345	362	246	409
Total Current Assets	7,541	18,204	16,398	14,639	15,569	15,190
Property, Plant & Equipment	12,744	3,412	3,108	2,904	2,652	2,542
Long-Term Investments	-	1,899	2,101	2,122	1,345	1,087
Goodwill	-	4,537	3,899	3,925	3,836	3,628
Other Intangible Assets	-	1,117	742	768	634	596
Long-Term Deferred Tax Assets	-	1,104	1,213	1,133	1,035	1,093
Long-Term Deferred Charges	-	3,100	2,953	2,746	2,624	2,438
Other Long-Term Assets	2,263	300	262	332	670	483
Total Assets	22,548	33,673	30,693	28,582	28,379	27,073
Accounts Payable	3,827	3,763	3,268	3,054	3,372	3,619
Accrued Expenses	-	1,000	884	931	870	711
Short-Term Debt	-	-	1	1	1	2
Current Portion of Long-Term Debt	2,178	2,242	1,965	1,004	1,489	1,773
Current Portion of Leases	98	85	79	78	82	75
Current Income Taxes Payable	-	128	104	127	44	37
Current Unearned Revenue	-	9,702	8,939	8,199	8,076	7,895
Other Current Liabilities	2,037	1,884	1,759	1,784	1,662	1,807
Total Current Liabilities	8,140	18,804	16,999	15,178	15,596	15,919
Long-Term Debt	1,423	1,817	2,354	3,039	3,626	3,400
Long-Term Leases	513	556	531	492	486	480
Long-Term Unearned Revenue	-	82	84	79	80	82
Pension & Post-Retirement Benefits	-	315	301	315	362	400
Long-Term Deferred Tax Liabilities	-	375	268	246	340	233
Other Long-Term Liabilities	2,263	1,524	1,595	1,534	1,434	1,281
Total Liabilities	12,339	23,473	22,132	20,883	21,924	21,795
Common Stock	9,064	2,544	2,544	2,544	2,544	2,544
Retained Earnings	-	6,555	5,660	4,975	4,185	3,574
Treasury Stock	-	-16	-26	-26	-26	-27
Comprehensive Income & Other	-	-93	-378	-310	-275	-824
Total Common Equity	9,064	8,990	7,800	7,183	6,428	5,267
Minority Interest	1,145	1,210	761	516	27	11
Shareholders' Equity	10,209	10,200	8,561	7,699	6,455	5,278
Total Liabilities & Equity	22,548	33,673	30,693	28,582	28,379	27,073
Total Debt	4,212	4,700	4,930	4,614	5,684	5,730
Net Cash (Debt)	-2,619	-2,144	-2,523	-3,103	-3,205	-3,517
Net Cash Per Share	-	-3.72	-4.39	-5.39	-5.57	-6.12
Filing Date Shares Outstanding	-	576.44	575.31	575.31	575.31	575.17
Total Common Shares Outstanding	-	576.44	575.31	575.31	575.31	575.17
Working Capital	-599	-600	-601	-539	-27	-729
Book Value Per Share	-	15.60	13.56	12.49	11.17	9.16
Tangible Book Value	9,064	3,336	3,159	2,490	1,958	1,043
Tangible Book Value Per Share	-	5.79	5.49	4.33	3.40	1.81
Land	-	1,947	1,807	1,689	1,647	1,585
Machinery	-	5,084	4,517	4,314	4,212	4,003
Construction In Progress	-	475	399	391	250	216
Order Backlog	-	44,178	39,529	37,506	35,534	35,516

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