Rheinmetall AG 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	1,650	1,184	850	545	1,039
Short-Term Investments	41	81	65	19	17
Trading Asset Securities	-	-	-	132	162
Cash & Short-Term Investments	1,691	1,265	915	696	1,218
Cash Growth	33.68%	38.25%	31.47%	-42.86%	16.78%
Accounts Receivable	2,864	2,651	2,550	1,923	1,601
Other Receivables	194	170	97	139	86
Receivables	3,058	2,821	2,647	2,062	1,687
Inventory	4,721	3,989	3,244	1,976	1,651
Prepaid Expenses	63	54	48	38	33
Other Current Assets	1,368	102	238	406	393
Total Current Assets	10,901	8,231	7,092	5,178	4,982
Property, Plant & Equipment	1,935	1,661	1,421	1,189	1,135
Long-Term Investments	258	426	407	474	233
Goodwill	1,354	1,426	1,125	483	481
Other Intangible Assets	882	990	658	85	87
Long-Term Accounts Receivable	-	-	12	12	13
Long-Term Deferred Tax Assets	165	172	164	98	147
Long-Term Deferred Charges	560	569	429	352	307
Other Long-Term Assets	717	869	399	225	349
Total Assets	16,772	14,344	11,707	8,096	7,734
Accounts Payable	1,186	1,151	1,222	931	809
Accrued Expenses	416	349	353	317	248
Short-Term Debt	-	217	215	128	-
Current Portion of Long-Term Debt	73	282	149	287	176
Current Portion of Leases	53	53	46	39	39
Current Income Taxes Payable	200	118	108	67	87
Current Unearned Revenue	5,642	3,866	2,594	1,120	1,111
Other Current Liabilities	1,501	746	772	776	871
Total Current Liabilities	9,071	6,782	5,459	3,665	3,341
Long-Term Debt	902	1,597	1,277	345	525
Long-Term Leases	253	274	226	172	181
Pension & Post-Retirement Benefits	278	527	562	484	773
Long-Term Deferred Tax Liabilities	363	356	260	78	38
Other Long-Term Liabilities	290	344	280	262	255
Total Liabilities	11,157	9,880	8,064	5,006	5,113
Common Stock	118	112	112	112	112
Retained Earnings	3,520	3,203	2,718	2,364	2,049
Treasury Stock	-4	-4	-5	-6	-9
Comprehensive Income & Other	1,377	739	491	349	266
Total Common Equity	5,011	4,050	3,316	2,819	2,418
Minority Interest	604	414	327	271	203
Shareholders' Equity	5,615	4,464	3,643	3,090	2,621
Total Liabilities & Equity	16,772	14,344	11,707	8,096	7,734
Total Debt	1,281	2,423	1,913	971	921
Net Cash (Debt)	410	-1,158	-998	-275	297
Net Cash Growth	-	-	-	-	1385.00%
Net Cash Per Share	8.79	-24.82	-21.54	-6.34	6.86
Filing Date Shares Outstanding	46.4	43.44	43.42	43.38	43.3
Total Common Shares Outstanding	46.4	43.44	43.42	43.38	43.3
Working Capital	1,830	1,449	1,633	1,513	1,641
Book Value Per Share	108.01	93.24	76.37	64.98	55.84
Tangible Book Value	2,775	1,634	1,533	2,251	1,850
Tangible Book Value Per Share	59.81	37.62	35.31	51.89	42.72
Land	1,422	1,300	1,271	1,147	1,085
Machinery	2,063	3,288	2,906	2,608	2,463
Order Backlog	40,847	30,728	21,977	15,089	15,727

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.