Universal Music Group 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	Jun '26 Jun 30, 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	485	451	553	413	439	585
Short-Term Investments	65	43	27	91	-	-
Cash & Short-Term Investments	550	494	580	504	439	585
Cash Growth	11.34%	-14.83%	15.08%	14.81%	-24.96%	-48.77%
Accounts Receivable	3,013	2,607	2,497	2,246	2,014	1,803
Inventory	273	263	255	210	163	99
Other Current Assets	1,515	1,211	1,241	1,096	988	847
Total Current Assets	5,351	4,575	4,573	4,056	3,604	3,334
Net Property, Plant & Equipment	1,108	721	688	493	485	555
Other Intangible Assets	3,559	3,312	3,625	3,200	3,177	3,078
Goodwill	2,403	1,754	1,895	1,624	1,578	1,480
Long-Term Investments	3,446	4,438	3,823	1,658	846	1,701
Other Long-Term Assets	2,511	2,656	2,716	2,060	1,949	1,946
Total Assets	18,378	17,456	17,320	13,091	11,639	12,094
Accounts Payable	6,579	6,229	6,394	5,711	5,150	4,875
Short-Term Debt	1,814	549	873	278	1,137	318
Current Portion of Leases	83	81	66	86	77	80
Other Current Liabilities	343	347	291	192	156	119
Total Current Liabilities	8,819	7,206	7,624	6,267	6,520	5,392
Long-Term Debt	2,804	2,297	1,778	1,826	1,113	2,277
Long-Term Leases	855	480	475	324	346	421
Other Long-Term Liabilities	2,252	2,905	2,892	1,691	1,308	1,974
Total Long-Term Liabilities	5,911	5,682	5,145	3,841	2,767	4,672
Total Liabilities	14,730	12,888	12,769	10,108	9,287	10,064
Total Common Shareholders' Equity	3,626	4,543	4,526	2,962	2,351	2,030
Minority Interest	22	25	25	21	1	-
Shareholders' Equity	3,648	4,568	4,551	2,983	2,352	2,030
Total Liabilities & Equity	18,378	17,456	17,320	13,091	11,639	12,094
Total Debt	5,556	3,407	3,192	2,514	2,673	3,096
Net Cash (Debt)	-5,006	-2,913	-2,612	-2,010	-2,234	-2,511
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.70	-1.57	-1.41	-1.09	-1.23	-1.38
Book Value	3,626	4,543	4,526	2,962	2,351	2,030
Book Value Per Share	1.96	2.45	2.44	1.61	1.29	1.12
Tangible Book Value	-2,336	-523	-994	-1,862	-2,404	-2,528
Tangible Book Value Per Share	-1.26	-0.28	-0.54	-1.01	-1.32	-1.39