Valmet 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	579	535	482	432	277	517
Short-Term Investments	18	25	38	28	31	47
Cash & Short-Term Investments	597	560	520	460	308	564
Cash Growth	-10.09%	7.69%	13.04%	49.35%	-45.39%	62.07%
Accounts Receivable	1,047	1,096	1,206	1,448	1,319	924
Other Receivables	61	67	64	56	268	178
Receivables	1,108	1,163	1,270	1,504	1,587	1,102
Inventory	914	884	903	1,048	934	662
Other Current Assets	273	245	251	284	58	35
Total Current Assets	2,892	2,852	2,944	3,296	2,887	2,363
Property, Plant & Equipment	733	740	726	698	600	468
Long-Term Investments	31	30	29	26	25	472
Goodwill	1,803	1,800	1,808	1,735	1,611	730
Other Intangible Assets	1,019	1,040	1,127	1,142	1,030	274
Long-Term Accounts Receivable	16	17	22	8	-	-
Long-Term Deferred Tax Assets	103	96	94	90	60	66
Other Long-Term Assets	59	59	82	69	58	46
Total Assets	6,656	6,634	6,832	7,064	6,271	4,420
Accounts Payable	479	500	460	520	442	374
Accrued Expenses	-	387	416	237	214	159
Current Portion of Long-Term Debt	73	132	115	103	155	222
Current Portion of Leases	48	48	50	43	35	22
Current Income Taxes Payable	72	58	75	85	79	79
Current Unearned Revenue	835	855	904	1,151	1,205	1,263
Other Current Liabilities	970	354	336	525	608	450
Total Current Liabilities	2,477	2,334	2,356	2,664	2,738	2,569
Long-Term Debt	1,226	1,153	1,272	1,240	555	195
Long-Term Leases	130	128	107	98	63	37
Pension & Post-Retirement Benefits	147	156	157	154	132	189
Long-Term Deferred Tax Liabilities	240	246	284	283	238	69
Other Long-Term Liabilities	24	27	42	54	46	29
Total Liabilities	4,244	4,044	4,218	4,493	3,772	3,088
Common Stock	140	140	140	140	140	100
Retained Earnings	961	1,168	1,137	1,096	997	804
Comprehensive Income & Other	1,305	1,276	1,330	1,329	1,357	422
Total Common Equity	2,406	2,584	2,607	2,565	2,494	1,326
Minority Interest	6	6	7	6	5	6
Shareholders' Equity	2,412	2,590	2,614	2,571	2,499	1,332
Total Liabilities & Equity	6,656	6,634	6,832	7,064	6,271	4,420
Total Debt	1,477	1,461	1,544	1,484	808	476
Net Cash (Debt)	-880	-901	-1,024	-1,024	-500	88
Net Cash Per Share	-4.78	-4.89	-5.56	-5.56	-2.85	0.59
Filing Date Shares Outstanding	184.24	184.23	184.17	184.16	184.18	149.47
Total Common Shares Outstanding	184.24	184.23	184.17	184.16	184.18	149.47
Working Capital	415	518	588	632	149	-206
Book Value Per Share	13.06	14.03	14.16	13.93	13.54	8.87
Tangible Book Value	-416	-256	-328	-312	-147	322
Tangible Book Value Per Share	-2.26	-1.39	-1.78	-1.69	-0.80	2.15
Land	-	38	41	40	41	25
Buildings	-	472	461	449	428	395
Machinery	-	1,119	1,083	1,029	976	941
Construction In Progress	-	75	83	81	84	72
Order Backlog	-	4,306	4,452	3,973	4,403	4,096

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