Hera 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	943.9	1,316	1,333	1,942	885.6	987.1
Short-Term Investments	-	-	1.6	-	-	0.1
Trading Asset Securities	-	62.5	131.9	132.1	128.2	207.1
Accounts Receivable	2,606	3,436	4,020	3,875	2,928	1,972
Other Receivables	88.7	853	268.2	160.6	117.9	132.2
Inventory	295	168.1	198.5	995.1	368	171.7
Prepaid Expenses	-	42	34.7	29.5	26.5	19.9
Loans Receivable Current	-	4.7	6.3	7.2	5.8	4.1
Other Current Assets	1,105	379.1	646.9	2,059	1,982	281.7
Total Current Assets	5,039	6,261	6,641	9,201	6,442	3,776
Property, Plant & Equipment	2,327	2,243	2,148	2,067	2,041	2,020
Goodwill	942.3	933	908.7	848.1	842.9	812.8
Other Intangible Assets	5,142	4,946	4,720	4,417	4,127	3,924
Long-Term Investments	180.7	176.6	197.9	193.3	207.3	204.2
Long-Term Loans Receivable	-	15.6	19.6	27	35.8	44.3
Long-Term Deferred Tax Assets	348.5	342.9	302.3	240.4	229.4	156.6
Long-Term Accounts Receivable	-	102.2	100.3	80.4	59.2	46.5
Other Long-Term Assets	160	39.9	42.8	44.4	47.9	50.4
Total Assets	14,140	15,061	15,080	17,119	14,032	11,035
Accounts Payable	1,656	2,724	2,619	3,093	2,357	1,498
Accrued Expenses	-	219.1	287.1	235.2	300.3	162.3
Short-Term Debt	-	151.9	92.6	316.6	64.8	188.6
Current Portion of Long-Term Debt	514.6	823.6	819.8	331.8	434.9	431
Current Unearned Revenue	174.4	517.3	675.2	271.9	396.3	229.8
Current Portion of Leases	22	24.4	24.5	21.3	43.4	20.1
Current Income Taxes Payable	126.8	48.2	110.2	17.1	27.9	25.4
Other Current Liabilities	1,756	1,438	1,358	2,562	2,442	777.1
Total Current Liabilities	4,250	5,947	5,987	6,849	6,067	3,332
Long-Term Debt	4,726	4,115	4,094	5,197	3,730	3,699
Long-Term Leases	62	54.7	56.8	55.1	53.2	73.5
Pension & Post-Retirement Benefits	71.9	79.9	88.1	92	105.4	116.7
Long-Term Deferred Tax Liabilities	151.9	144.8	156.9	215.7	132.1	120.5
Other Long-Term Liabilities	700	732.7	945.6	1,065	528	538.2
Total Liabilities	9,962	11,074	11,328	13,474	10,615	7,880
Common Stock	1,467	1,490	1,490	1,490	1,489	1,460
Retained Earnings	294.7	640.6	575.3	255.2	333.5	302.7
Treasury Stock	-	-108.3	-101.8	-82.1	-55.4	-
Comprehensive Income & Other	2,106	1,658	1,475	1,736	1,433	1,198
Total Common Equity	3,868	3,680	3,438	3,398	3,200	2,961
Minority Interest	309.3	306.8	313.4	246.3	216.6	194.5
Shareholders' Equity	4,177	3,987	3,752	3,645	3,417	3,155
Total Liabilities & Equity	14,140	15,061	15,080	17,119	14,032	11,035
Total Debt	5,325	5,170	5,088	5,922	4,326	4,412
Net Cash (Debt)	-4,381	-3,792	-3,621	-3,847	-3,312	-3,218
Net Cash Per Share	-3.01	-2.63	-2.50	-2.64	-2.27	-2.19
Filing Date Shares Outstanding	1,468	1,441	1,444	1,451	1,460	1,461
Total Common Shares Outstanding	1,468	1,441	1,444	1,451	1,460	1,461
Working Capital	788.8	314.8	653.7	2,352	375.3	443.7
Book Value Per Share	2.63	2.55	2.38	2.34	2.19	2.03
Tangible Book Value	-2,217	-2,199	-2,190	-1,867	-1,769	-1,776
Tangible Book Value Per Share	-1.51	-1.53	-1.52	-1.29	-1.21	-1.22
Land	-	1,014	955	908.7	856.8	824.5
Machinery	-	3,301	3,152	3,060	3,006	2,907
Construction In Progress	-	254.2	246.1	183	122.1	104.4

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