Thales 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	4,447	4,767	3,980	5,100	5,049
Short-Term Investments	44.6	0.9	100.6	200.5	-
Trading Asset Securities	-	0.2	-	3.2	-
Cash & Short-Term Investments	4,491	4,768	4,081	5,303	5,049
Cash Growth	-5.81%	16.85%	-23.06%	5.03%	0.91%
Accounts Receivable	7,524	7,667	6,764	6,063	6,011
Other Receivables	3,198	2,894	2,608	2,373	2,129
Receivables	10,722	10,561	9,372	8,436	8,139
Inventory	4,834	4,747	3,997	3,401	3,089
Other Current Assets	1,275	1,219	4,208	3,873	3,426
Total Current Assets	21,322	21,295	21,657	21,014	19,704
Property, Plant & Equipment	3,899	3,716	3,596	3,479	3,399
Long-Term Investments	1,853	1,809	1,778	1,717	1,484
Goodwill	8,531	8,899	8,940	5,470	5,203
Other Intangible Assets	1,954	2,490	1,246	1,525	1,908
Long-Term Deferred Tax Assets	1,277	1,367	1,183	1,043	951.2
Long-Term Deferred Charges	41.8	42.3	42	40.6	35.3
Other Long-Term Assets	138.2	205	190.1	-	-
Total Assets	39,155	39,990	38,786	34,421	32,835
Accounts Payable	2,953	3,008	2,741	2,508	2,069
Accrued Expenses	4,689	4,448	4,135	3,662	3,263
Short-Term Debt	1,907	3,044	2,498	1,273	1,111
Current Portion of Long-Term Debt	-	-	1	4.6	-
Current Portion of Leases	222.9	228.3	214.9	207.8	207.7
Current Income Taxes Payable	241.9	193	220.5	168.2	140.7
Current Unearned Revenue	12,384	11,541	9,789	8,314	7,069
Other Current Liabilities	2,841	3,194	4,626	4,606	4,707
Total Current Liabilities	25,239	25,657	24,225	20,743	18,568
Long-Term Debt	2,890	3,387	4,480	2,695	3,302
Long-Term Leases	1,110	1,164	1,240	1,298	1,308
Pension & Post-Retirement Benefits	1,420	1,589	1,553	1,908	2,447
Long-Term Deferred Tax Liabilities	509.6	634.8	319.4	396.6	491.4
Total Liabilities	31,168	32,432	31,817	27,039	26,116
Common Stock	617.8	617.8	630.6	640.2	640.2
Additional Paid-In Capital	3,133	3,133	3,706	4,077	4,077
Retained Earnings	5,001	4,079	3,372	3,222	2,117
Treasury Stock	-90.5	-92.5	-476.3	-382.3	-37.7
Comprehensive Income & Other	-692.6	-222	-402.2	-382.9	-321.6
Total Common Equity	7,968	7,515	6,830	7,174	6,474
Minority Interest	19.3	42.9	139	207.6	244.4
Shareholders' Equity	7,988	7,558	6,969	7,382	6,719
Total Liabilities & Equity	39,155	39,990	38,786	34,421	32,835
Total Debt	6,130	7,823	8,435	5,477	5,929
Net Cash (Debt)	-1,638	-3,055	-4,354	-173.7	-879.3
Net Cash Per Share	-7.96	-14.83	-20.82	-0.82	-4.13
Filing Date Shares Outstanding	205.48	205.31	206.67	210.13	212.92
Total Common Shares Outstanding	205.48	205.31	206.67	210.13	212.92
Working Capital	-3,916	-4,361	-2,567	270.9	1,136
Book Value Per Share	38.78	36.60	33.05	34.14	30.41
Tangible Book Value	-2,516	-3,874	-3,356	178.7	-636.5
Tangible Book Value Per Share	-12.25	-18.87	-16.24	0.85	-2.99
Land	184	65.3	-	-	-
Buildings	2,676	2,587	-	-	-
Machinery	-	5,649	-	-	-
Order Backlog	53,323	50,602	45,251	40,957	34,744

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