Havas Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	294	234	322	345	775
Cash & Short-Term Investments	294	234	322	345	775
Cash Growth	25.64%	-27.33%	-6.67%	-55.48%	-4.32%
Accounts Receivable	2,569	2,726	2,787	2,734	2,598
Other Receivables	414	310	336	304	295
Receivables	2,983	3,038	3,242	3,170	2,895
Inventory	130	115	91	114	108
Prepaid Expenses	-	58	54	52	48
Other Current Assets	10	46	45	80	42
Total Current Assets	3,417	3,491	3,754	3,761	3,868
Property, Plant & Equipment	428	443	504	574	635
Long-Term Investments	46	43	58	27	11
Goodwill	2,531	2,535	2,428	2,274	2,135
Other Intangible Assets	49	49	51	50	50
Long-Term Deferred Tax Assets	75	96	95	98	95
Other Long-Term Assets	16	15	8	9	11
Total Assets	6,562	6,676	6,901	6,796	6,808
Accounts Payable	2,603	2,692	2,844	2,867	2,637
Accrued Expenses	-	415	418	128	124
Short-Term Debt	5	12	-	-	390
Current Portion of Long-Term Debt	79	7	4	5	6
Current Portion of Leases	71	77	81	79	74
Current Income Taxes Payable	28	24	31	26	29
Current Unearned Revenue	-	147	137	138	158
Other Current Liabilities	1,294	745	737	980	944
Total Current Liabilities	4,080	4,119	4,252	4,223	4,362
Long-Term Debt	3	4	3	3	4
Long-Term Leases	213	223	286	347	381
Pension & Post-Retirement Benefits	-	76	86	75	90
Long-Term Deferred Tax Liabilities	53	69	66	55	57
Other Long-Term Liabilities	372	278	249	205	176
Total Liabilities	4,721	4,769	4,942	4,908	5,070
Common Stock	198	198	170	170	170
Additional Paid-In Capital	3,167	3,246	1,401	1,401	1,401
Retained Earnings	-	-1,484	434	337	236
Treasury Stock	-42	-	-	-	-
Comprehensive Income & Other	-1,513	-79	-74	-45	-107
Total Common Equity	1,810	1,881	1,931	1,863	1,700
Minority Interest	31	26	28	25	38
Shareholders' Equity	1,841	1,907	1,959	1,888	1,738
Total Liabilities & Equity	6,562	6,676	6,901	6,796	6,808
Total Debt	371	323	374	434	855
Net Cash (Debt)	-77	-89	-52	-89	-80
Net Cash Per Share	-0.79	-0.89	-0.52	-2.09	-1.88
Filing Date Shares Outstanding	98.06	99.18	426.14	42.61	42.61
Total Common Shares Outstanding	98.06	99.18	426.14	42.61	42.61
Working Capital	-663	-628	-498	-462	-494
Book Value Per Share	18.46	18.97	4.53	43.72	39.89
Tangible Book Value	-770	-703	-548	-461	-485
Tangible Book Value Per Share	-7.85	-7.09	-1.29	-10.82	-11.38
Land	-	109	108	107	106
Machinery	-	467	457	452	443

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