Rheinmetall AG 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	557	1,184	850	545	1,039	1,027
Short-Term Investments	-	69	65	19	17	16
Trading Asset Securities	-	-	-	132	162	-
Cash & Short-Term Investments	557	1,253	915	696	1,218	1,043
Cash Growth	17.51%	36.94%	31.47%	-42.86%	16.78%	8.76%
Accounts Receivable	2,908	2,664	2,550	1,923	1,601	1,535
Other Receivables	48	184	97	139	86	106
Receivables	2,956	2,848	2,647	2,062	1,687	1,641
Inventory	5,280	3,989	3,244	1,976	1,651	1,573
Prepaid Expenses	-	54	48	38	33	-
Other Current Assets	483	87	238	406	393	82
Total Current Assets	9,276	8,231	7,092	5,178	4,982	4,339
Property, Plant & Equipment	2,473	1,661	1,421	1,189	1,135	1,194
Long-Term Investments	320	415	407	474	233	294
Goodwill	1,456	1,426	1,125	483	481	476
Other Intangible Assets	1,310	990	658	85	87	93
Long-Term Accounts Receivable	-	11	12	12	13	14
Long-Term Deferred Tax Assets	160	172	164	98	147	249
Long-Term Deferred Charges	-	569	429	352	307	256
Other Long-Term Assets	663	869	399	225	349	352
Total Assets	15,658	14,344	11,707	8,096	7,734	7,267
Accounts Payable	1,385	1,151	1,222	931	809	700
Accrued Expenses	-	349	353	317	248	88
Short-Term Debt	-	217	215	128	-	-
Current Portion of Long-Term Debt	1,232	282	149	287	176	108
Current Portion of Leases	-	53	46	39	39	42
Current Income Taxes Payable	82	118	108	67	87	76
Current Unearned Revenue	4,140	3,866	2,594	1,120	1,111	968
Other Current Liabilities	1,333	746	772	776	871	906
Total Current Liabilities	8,172	6,782	5,459	3,665	3,341	2,888
Long-Term Debt	1,198	1,597	1,277	345	525	666
Long-Term Leases	-	274	226	172	181	207
Pension & Post-Retirement Benefits	468	527	562	484	773	1,177
Long-Term Deferred Tax Liabilities	331	356	260	78	38	4
Other Long-Term Liabilities	337	344	280	262	255	272
Total Liabilities	10,506	9,880	8,064	5,006	5,113	5,214
Common Stock	118	112	112	112	112	112
Retained Earnings	3,192	3,203	2,718	2,364	2,049	1,851
Treasury Stock	-4	-4	-5	-6	-9	-13
Comprehensive Income & Other	1,366	739	491	349	266	-62
Total Common Equity	4,672	4,050	3,316	2,819	2,418	1,888
Minority Interest	480	414	327	271	203	165
Shareholders' Equity	5,152	4,464	3,643	3,090	2,621	2,053
Total Liabilities & Equity	15,658	14,344	11,707	8,096	7,734	7,267
Total Debt	2,430	2,423	1,913	971	921	1,023
Net Cash (Debt)	-1,873	-1,170	-998	-275	297	20
Net Cash Growth	-	-	-	-	1385.00%	-
Net Cash Per Share	-40.13	-25.08	-21.54	-6.34	6.86	0.46
Filing Date Shares Outstanding	45.51	43.44	43.42	43.38	43.3	43.2
Total Common Shares Outstanding	45.51	43.44	43.42	43.38	43.3	43.2
Working Capital	1,104	1,449	1,633	1,513	1,641	1,451
Book Value Per Share	102.66	93.24	76.37	64.98	55.84	43.71
Tangible Book Value	1,906	1,634	1,533	2,251	1,850	1,319
Tangible Book Value Per Share	41.88	37.62	35.31	51.89	42.72	30.53
Land	-	1,300	1,271	1,147	1,085	1,093
Machinery	-	3,288	2,906	2,608	2,463	3,030
Order Backlog	-	30,728	21,977	15,089	15,727	14,397

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.