Pearson Balance Sheet

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

Millions GBP. 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	333	543	312	558	937
Cash & Short-Term Investments	333	543	312	558	937
Cash Growth	-38.67%	74.04%	-44.09%	-40.45%	-14.59%
Accounts Receivable	758	695	712	856	882
Other Receivables	15	103	15	91	201
Receivables	773	798	727	947	1,083
Inventory	66	74	91	105	98
Prepaid Expenses	324	335	338	200	198
Other Current Assets	824	978	965	1,008	905
Total Current Assets	2,320	2,728	2,433	2,818	3,221
Property, Plant & Equipment	210	216	217	250	366
Long-Term Investments	133	153	165	158	137
Goodwill	2,425	2,437	2,434	2,480	2,145
Other Intangible Assets	584	589	657	697	624
Long-Term Accounts Receivable	55	73	83	107	102
Long-Term Deferred Tax Assets	58	52	35	57	57
Other Long-Term Assets	673	644	703	757	691
Total Assets	6,458	6,892	6,727	7,324	7,343
Accounts Payable	281	273	317	348	351
Accrued Expenses	415	425	632	513	492
Short-Term Debt	-	-	3	15	-
Current Portion of Long-Term Debt	1	304	5	11	91
Current Portion of Leases	62	65	64	71	68
Current Income Taxes Payable	47	32	32	43	125
Current Unearned Revenue	328	329	295	340	330
Other Current Liabilities	27	50	56	138	123
Total Current Liabilities	1,161	1,478	1,404	1,479	1,580
Long-Term Debt	1,005	709	649	664	710
Long-Term Leases	416	452	483	534	565
Long-Term Unearned Revenue	61	62	73	60	56
Pension & Post-Retirement Benefits	36	41	44	61	66
Long-Term Deferred Tax Liabilities	89	63	46	37	40
Other Long-Term Liabilities	27	34	40	74	46
Total Liabilities	2,795	2,839	2,739	2,909	3,063
Common Stock	158	166	174	179	189
Additional Paid-In Capital	2,658	2,649	2,642	2,633	2,626
Retained Earnings	629	827	745	881	1,067
Treasury Stock	-9	-7	-19	-15	-12
Comprehensive Income & Other	212	403	432	724	400
Total Common Equity	3,648	4,038	3,974	4,402	4,270
Minority Interest	15	15	14	13	10
Shareholders' Equity	3,663	4,053	3,988	4,415	4,280
Total Liabilities & Equity	6,458	6,892	6,727	7,324	7,343
Total Debt	1,484	1,530	1,204	1,295	1,434
Net Cash (Debt)	-1,151	-987	-892	-737	-497
Net Cash Per Share	-1.74	-1.44	-1.24	-0.99	-0.65
Filing Date Shares Outstanding	635.09	665.59	695.14	713.87	755.23
Total Common Shares Outstanding	635.09	665.59	695.14	713.87	755.23
Working Capital	1,159	1,250	1,029	1,339	1,641
Book Value Per Share	5.74	6.07	5.72	6.17	5.65
Tangible Book Value	639	1,012	883	1,225	1,501
Tangible Book Value Per Share	1.01	1.52	1.27	1.72	1.99
Land	149	151	165	178	226
Machinery	179	179	237	257	250
Construction In Progress	10	9	9	22	29

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