Enapter AG (FRA:H2O)

Enapter AG Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1.52	9.97	4.57	14.59	5.07	19.6
Cash & Short-Term Investments	1.52	9.97	4.57	14.59	5.07	19.6
Cash Growth	-76.52%	118.34%	-68.69%	187.71%	-74.13%	361.49%
Accounts Receivable	11.06	11.66	37.3	23.27	8.01	2.64
Other Receivables	0.05	-	1.85	-	3.93	3.04
Receivables	11.11	11.66	39.15	23.27	11.94	5.68
Inventory	8.37	6.93	8.84	11.31	8.42	3.6
Prepaid Expenses	-	-	0.37	-	0.32	0.18
Other Current Assets	35.91	8.18	3.36	5.61	1.82	0.85
Total Current Assets	56.9	36.75	56.29	54.78	27.58	29.92
Property, Plant & Equipment	16.66	68.76	61.62	60.71	24.33	25.04
Long-Term Investments	1.55	1.11	0.49	-	0.97	-
Other Intangible Assets	2.09	2.41	1.62	0.58	0.7	0.31
Long-Term Deferred Tax Assets	0.02	0.02	0.02	0.02	0.01	0.04
Long-Term Deferred Charges	14.28	13.94	12.76	11.4	9.58	6.8
Other Long-Term Assets	18.35	18.35	10.44	13.93	44.65	0.03
Total Assets	109.84	141.33	143.24	141.41	107.81	62.14

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	10.77	17.16	7.55	5.53	11.19	6.39
Accrued Expenses	2.65	1.18	2.38	1.7	2.1	1.16
Short-Term Debt	-	7.16	-	0.12	0.12	0.7
Current Portion of Long-Term Debt	0.64	1.38	4.7	0.89	0.75	0.49
Current Portion of Leases	0.05	0.18	0.17	0.13	0.12	0.15
Current Income Taxes Payable	0.81	-	0.79	-	0.01	0.01
Current Unearned Revenue	5.46	10.63	-	-	-	0.12
Other Current Liabilities	54.5	16.1	24.35	10.37	1.79	1.38
Total Current Liabilities	74.88	53.79	39.94	18.74	16.07	10.4
Long-Term Debt	10.91	32.48	32.4	36.95	2.37	2.71
Long-Term Leases	0.67	0.74	0.46	0.58	0.47	0.58
Long-Term Unearned Revenue	-	-	-	-	-	1.43
Other Long-Term Liabilities	5.1	5.08	4.01	4.87	2.45	0.51
Total Liabilities	91.55	92.1	76.81	61.14	21.36	15.62

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	32.07	32.07	29.07	27.2	27.2	24.41
Retained Earnings	-119.41	-88.46	-56.3	-35.56	-28.4	-15.42
Comprehensive Income & Other	105.62	105.62	93.65	88.63	87.66	37.53
Shareholders' Equity	18.29	49.23	66.43	80.27	86.45	46.52
Total Liabilities & Equity	109.84	141.33	143.24	141.41	107.81	62.14

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	12.27	41.94	37.73	38.67	3.83	4.62
Net Cash (Debt)	-10.75	-31.97	-33.16	-24.08	1.24	14.98
Net Cash Growth	-	-	-	-	-91.70%	601.53%
Net Cash Per Share	-0.34	-1.07	-1.20	-0.89	0.05	0.65
Filing Date Shares Outstanding	32.07	32.07	29.07	27.2	27.2	24.41
Total Common Shares Outstanding	32.07	32.07	29.07	27.2	27.2	24.41
Working Capital	-17.97	-17.05	16.35	36.03	11.51	19.52
Book Value Per Share	0.57	1.54	2.28	2.95	3.18	1.91
Tangible Book Value	16.2	46.83	64.81	79.69	85.76	46.21
Tangible Book Value Per Share	0.51	1.46	2.23	2.93	3.15	1.89
Land	5.34	60.02	57.04	57.01	20.34	5.68
Machinery	17.94	18.23	10.78	6.4	4.73	2.49
Order Backlog	-	45	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 15, 2026

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