Stora Enso Oyj Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,011	1,212	1,999	2,464	1,917	1,481
Cash & Short-Term Investments	1,011	1,212	1,999	2,464	1,917	1,481
Cash Growth	-39.06%	-39.37%	-18.87%	28.53%	29.44%	-10.84%
Accounts Receivable	997	593	668	912	1,205	1,149
Other Receivables	31	238	245	278	211	235
Receivables	1,076	898	960	1,254	1,493	1,468
Inventory	1,849	1,802	1,672	1,545	1,810	1,478
Prepaid Expenses	-	67	87	80	68	82
Other Current Assets	-	-1	1	-	514	-
Total Current Assets	3,936	3,978	4,719	5,343	5,802	4,509
Property, Plant & Equipment	12,230	12,289	12,731	12,480	12,124	12,249
Long-Term Investments	1,830	2,020	1,567	1,745	2,277	1,498
Goodwill	170	171	162	505	244	282
Other Intangible Assets	310	295	350	412	244	261
Long-Term Deferred Tax Assets	234	222	205	134	74	143
Other Long-Term Assets	78	70	54	59	37	33
Total Assets	18,807	19,059	19,802	20,754	20,922	19,026
Accounts Payable	-	1,804	1,781	1,666	1,832	1,704
Accrued Expenses	-	315	338	349	375	411
Short-Term Debt	859	660	751	651	464	407
Current Portion of Long-Term Debt	450	197	1,051	282	653	154
Current Portion of Leases	-	60	83	71	63	64
Current Income Taxes Payable	17	17	13	45	64	61
Other Current Liabilities	2,341	224	214	282	483	364
Total Current Liabilities	3,667	3,277	4,231	3,346	3,934	3,165
Long-Term Debt	2,829	3,154	3,432	4,326	2,480	2,990
Long-Term Leases	475	403	462	449	312	323
Pension & Post-Retirement Benefits	143	153	181	217	159	347
Long-Term Deferred Tax Liabilities	1,297	1,314	1,416	1,433	1,443	1,430
Other Long-Term Liabilities	114	109	91	95	92	104
Total Liabilities	8,525	8,410	9,813	9,866	8,420	8,359
Common Stock	1,342	1,342	1,342	1,342	1,342	1,342
Additional Paid-In Capital	77	77	77	77	77	77
Retained Earnings	7,238	7,393	6,735	7,015	7,893	6,650
Comprehensive Income & Other	1,774	1,984	1,985	2,551	3,220	2,614
Total Common Equity	10,431	10,796	10,139	10,985	12,532	10,683
Minority Interest	-149	-147	-150	-97	-30	-16
Shareholders' Equity	10,282	10,649	9,989	10,888	12,502	10,667
Total Liabilities & Equity	18,807	19,059	19,802	20,754	20,922	19,026
Total Debt	4,613	4,474	5,779	5,779	3,972	3,938
Net Cash (Debt)	-3,602	-3,262	-3,780	-3,315	-2,055	-2,457
Net Cash Per Share	-4.56	-4.13	-4.79	-4.20	-2.60	-3.11
Filing Date Shares Outstanding	788.62	788.62	788.62	788.62	788.62	788.62
Total Common Shares Outstanding	788.62	788.62	788.62	788.62	788.62	788.62
Working Capital	269	701	488	1,997	1,868	1,344
Book Value Per Share	13.23	13.69	12.86	13.93	15.89	13.55
Tangible Book Value	9,951	10,330	9,627	10,068	12,044	10,140
Tangible Book Value Per Share	12.62	13.10	12.21	12.77	15.27	12.86
Land	-	1,593	2,090	2,378	2,418	2,318
Buildings	-	3,212	3,111	3,087	3,041	3,355
Machinery	-	12,215	11,214	11,089	10,909	13,420
Construction In Progress	-	307	1,172	745	454	394

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