adidas AG 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	873	1,617	2,455	1,431	798	3,828
Short-Term Investments	-	-	-	34	-	-
Cash & Short-Term Investments	873	1,617	2,455	1,465	798	3,828
Cash Growth	-39.04%	-34.13%	67.58%	83.58%	-79.15%	-4.16%
Accounts Receivable	3,492	2,634	2,413	1,906	2,529	2,175
Other Receivables	809	685	1,051	770	1,116	836
Total Trade Receivables	4,301	3,319	3,464	2,676	3,645	3,011
Inventory	5,788	5,832	4,989	4,525	5,973	4,009
Other Current Assets	1,317	1,208	997	1,143	1,316	3,095
Total Current Assets	12,280	11,977	11,904	9,809	11,732	13,944
Net Property, Plant & Equipment	4,597	4,578	4,912	4,404	4,944	4,825
Other Intangible Assets	443	443	426	442	429	352
Goodwill	1,215	1,203	1,275	1,238	1,260	1,228
Long-Term Investments	258	353	340	301	301	290
Other Long-Term Assets	1,661	1,709	1,797	1,825	1,628	1,497
Total Assets	20,454	20,262	20,655	18,020	20,296	22,137
Accounts Payable	2,692	2,910	3,096	2,276	2,908	2,294
Accrued Expenses	2,185	2,383	2,659	2,273	2,412	2,684
Short-Term Debt	1,005	645	570	549	527	29
Current Portion of Leases	609	603	607	545	643	573
Other Current Liabilities	2,596	2,552	2,661	2,400	2,767	3,385
Total Current Liabilities	9,088	9,094	9,593	8,043	9,257	8,965
Long-Term Debt	1,992	1,996	1,915	2,430	2,946	2,466
Long-Term Leases	2,346	2,310	2,495	2,039	2,343	2,263
Other Long-Term Liabilities	679	737	785	583	398	606
Total Long-Term Liabilities	5,017	5,043	5,194	5,052	5,688	5,334
Total Liabilities	14,105	14,137	14,787	13,095	14,945	14,299
Common Stock	175	179	179	179	179	192
Accumulated Other Comprehensive Income	69	-161	522	257	466	468
Retained Earnings	5,742	5,758	4,775	4,145	4,347	6,860
Total Common Shareholders' Equity	5,987	5,776	5,476	4,580	4,991	7,519
Minority Interest	362	349	392	345	360	318
Shareholders' Equity	6,349	6,125	5,867	4,925	5,351	7,837
Total Liabilities & Equity	20,454	20,262	20,655	18,020	20,296	22,137
Total Debt	5,952	5,554	5,587	5,563	6,459	5,331
Net Cash (Debt)	-5,079	-3,937	-3,132	-4,098	-5,661	-1,503
Net Cash Per Share	-28.50	-22.05	-17.54	-22.95	-30.89	-7.74
Book Value	5,987	5,776	5,476	4,580	4,991	7,519
Book Value Per Share	33.59	32.35	30.67	25.65	27.23	38.72
Tangible Book Value	4,329	4,130	3,775	2,900	3,302	5,939
Tangible Book Value Per Share	24.29	23.13	21.14	16.24	18.02	30.59

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.