LON:0VFA Balance Sheet

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

Millions USD. 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	1,163	1,334	1,139	1,178	1,087
Trading Asset Securities	-	1	-	-	-
Cash & Short-Term Investments	1,163	1,335	1,139	1,178	1,087
Cash Growth	-12.88%	17.21%	-3.31%	8.37%	-30.32%
Receivables	794	698	749	614	547
Inventory	205	142	166	133	96
Prepaid Expenses	179	99	119	116	84
Other Current Assets	489	8	-	7	2
Total Current Assets	2,830	2,282	2,173	2,048	1,816
Property, Plant & Equipment	4,264	4,088	3,074	3,032	3,165
Long-Term Investments	-	307	353	447	194
Goodwill	6,306	5,986	5,775	5,688	6,006
Other Intangible Assets	11,190	10,922	11,107	10,991	11,417
Long-Term Accounts Receivable	-	-	-	-	80
Other Long-Term Assets	1,025	1,047	909	540	568
Total Assets	25,615	24,632	23,391	22,746	23,246
Accounts Payable	866	765	790	758	614
Accrued Expenses	1,271	371	389	359	322
Current Portion of Long-Term Debt	68	187	67	95	62
Current Portion of Leases	-	228	181	169	174
Current Income Taxes Payable	-	228	129	190	106
Current Unearned Revenue	249	307	325	273	269
Other Current Liabilities	437	278	263	272	331
Total Current Liabilities	2,891	2,364	2,144	2,116	1,878
Long-Term Debt	13,250	13,455	12,854	12,839	13,136
Long-Term Leases	2,161	2,056	1,371	1,338	1,403
Long-Term Unearned Revenue	-	571	612	584	568
Pension & Post-Retirement Benefits	-	23	34	40	47
Long-Term Deferred Tax Liabilities	1,120	1,208	1,296	1,313	1,374
Other Long-Term Liabilities	1,034	112	350	248	987
Total Liabilities	20,456	19,789	18,661	18,478	19,393
Common Stock	2,859	2,357	1,973	2,057	2,156
Retained Earnings	1,795	1,860	1,599	1,121	791
Comprehensive Income & Other	-1,020	-1,107	-706	-679	-710
Total Common Equity	3,634	3,110	2,866	2,499	2,237
Minority Interest	1,525	1,733	1,864	1,769	1,616
Shareholders' Equity	5,159	4,843	4,730	4,268	3,853
Total Liabilities & Equity	25,615	24,632	23,391	22,746	23,246
Total Debt	15,479	15,926	14,473	14,441	14,775
Net Cash (Debt)	-14,316	-14,591	-13,334	-13,263	-13,688
Net Cash Per Share	-31.33	-32.14	-29.24	-29.15	-29.50
Filing Date Shares Outstanding	346.32	324.98	313.35	307.95	309.63
Total Common Shares Outstanding	346.32	324.43	312.45	307.14	309.03
Working Capital	-61	-82	29	-68	-62
Book Value Per Share	10.49	9.59	9.17	8.14	7.24
Tangible Book Value	-13,862	-13,798	-14,016	-14,180	-15,186
Tangible Book Value Per Share	-40.03	-42.53	-44.86	-46.17	-49.14
Land	-	173	131	105	112
Buildings	-	372	91	-	20
Machinery	-	570	535	476	432
Construction In Progress	-	116	62	52	30

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