Aperam 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	325	216	443	457	524
Cash & Short-Term Investments	325	216	443	457	524
Cash Growth	50.46%	-51.24%	-3.06%	-12.79%	46.37%
Accounts Receivable	-	342	429	454	556
Other Receivables	-	18	9	13	5
Receivables	-	360	438	467	561
Inventory	1,433	2,159	2,281	2,592	2,332
Prepaid Expenses	180	15	22	14	9
Restricted Cash	-	-	3	-	-
Other Current Assets	-	124	112	140	80
Total Current Assets	1,938	2,874	3,299	3,670	3,506
Property, Plant & Equipment	2,226	1,957	2,003	1,859	1,695
Long-Term Investments	4	4	8	3	4
Goodwill	-	412	434	429	414
Other Intangible Assets	505	15	18	22	25
Long-Term Deferred Tax Assets	408	351	213	101	135
Other Long-Term Assets	94	227	239	173	132
Total Assets	5,175	5,840	6,214	6,257	5,911
Accounts Payable	-	790	930	1,175	1,200
Accrued Expenses	382	207	181	203	209
Short-Term Debt	233	168	274	143	240
Current Portion of Long-Term Debt	-	57	70	102	18
Current Portion of Leases	-	19	16	13	13
Current Income Taxes Payable	-	10	16	21	34
Current Unearned Revenue	-	11	15	11	7
Other Current Liabilities	-	403	349	191	132
Total Current Liabilities	615	1,665	1,851	1,859	1,853
Long-Term Debt	1,070	434	490	583	632
Long-Term Leases	-	82	84	84	87
Pension & Post-Retirement Benefits	135	147	153	136	186
Long-Term Deferred Tax Liabilities	75	80	115	131	132
Other Long-Term Liabilities	70	66	71	72	68
Total Liabilities	1,965	2,474	2,764	2,865	2,958
Common Stock	3,195	383	409	419	419
Additional Paid-In Capital	-	870	1,005	1,095	1,097
Retained Earnings	-	2,914	2,821	2,742	2,253
Treasury Stock	-	-30	-194	-296	-106
Comprehensive Income & Other	-	-783	-599	-575	-718
Total Common Equity	3,195	3,354	3,442	3,385	2,945
Minority Interest	15	12	8	7	8
Shareholders' Equity	3,210	3,366	3,450	3,392	2,953
Total Liabilities & Equity	5,175	5,840	6,214	6,257	5,911
Total Debt	1,303	760	934	925	990
Net Cash (Debt)	-978	-544	-491	-468	-466
Net Cash Per Share	-13.38	-7.47	-6.75	-6.21	-5.86
Filing Date Shares Outstanding	72.34	72.29	72.25	72.18	77.9
Total Common Shares Outstanding	72.34	72.29	72.25	72.18	77.9
Working Capital	1,323	1,209	1,448	1,811	1,653
Book Value Per Share	44.17	46.40	47.64	46.89	37.80
Tangible Book Value	2,690	2,927	2,990	2,934	2,506
Tangible Book Value Per Share	37.18	40.49	41.38	40.65	32.17
Land	-	810	778	756	742
Machinery	-	2,833	2,693	2,487	2,387
Construction In Progress	-	172	348	286	118

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