BKW AG Balance Sheet

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

Millions CHF. 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	854.7	867.3	771.5	797.8	931
Short-Term Investments	196.4	95.4	94.5	39.8	89.6
Trading Asset Securities	0.3	49.6	49.8	0.1	0.1
Accounts Receivable	1,121	1,091	1,084	1,160	990.3
Other Receivables	379.2	357.5	330	650	600.1
Inventory	185.1	347.7	210.5	211.2	93
Prepaid Expenses	19.5	18.7	27.8	33.7	38.7
Loans Receivable Current	1.9	12.9	11.1	10	26.3
Other Current Assets	88.4	278.6	201.3	992.4	1,585
Total Current Assets	2,846	3,119	2,780	3,895	4,355
Property, Plant & Equipment	4,438	4,288	4,035	3,832	3,523
Goodwill	1,143	1,107	1,085	1,091	874.1
Other Intangible Assets	195.9	192.1	206.8	271.4	222.4
Long-Term Investments	2,548	2,555	2,525	2,557	2,806
Long-Term Loans Receivable	15.7	15.8	17.3	20.4	23.2
Long-Term Deferred Tax Assets	26.4	64.5	56.4	47.2	40.6
Other Long-Term Assets	289	253.9	306.5	171.7	236.2
Total Assets	11,502	11,595	11,012	11,885	12,080
Accounts Payable	357.2	468.6	389	491.1	535
Accrued Expenses	15.2	11.5	272.6	328.1	241
Current Portion of Long-Term Debt	242.5	249.8	265.3	214.4	838.5
Current Unearned Revenue	602.6	671.9	309.2	228.9	145.3
Current Portion of Leases	46.9	49.1	51.8	49.7	43.2
Current Income Taxes Payable	126.7	214.6	197.1	115.3	51.5
Other Current Liabilities	407.9	439	677.8	1,787	2,252
Total Current Liabilities	1,799	2,105	2,163	3,214	4,107
Long-Term Debt	1,405	1,430	1,404	1,604	1,014
Long-Term Leases	196.8	175.8	157.3	157.4	164.5
Pension & Post-Retirement Benefits	50.2	65.5	65.1	60.6	9.1
Long-Term Deferred Tax Liabilities	555.3	562.7	518.2	522	487.5
Other Long-Term Liabilities	1,577	1,597	1,657	1,947	2,072
Total Liabilities	5,584	5,936	5,965	7,506	7,854
Common Stock	132	132	132	132	132
Retained Earnings	5,282	5,120	4,675	4,402	3,987
Treasury Stock	-4.9	-5.9	-2.8	-2.1	-3.5
Comprehensive Income & Other	58	-34.7	-189.2	-464.9	-197.6
Total Common Equity	5,467	5,212	4,615	4,067	3,918
Minority Interest	451.1	448	431.8	312.7	308.4
Shareholders' Equity	5,918	5,660	5,047	4,380	4,226
Total Liabilities & Equity	11,502	11,595	11,012	11,885	12,080
Total Debt	1,892	1,905	1,878	2,026	2,060
Net Cash (Debt)	-840.1	-892.5	-962.6	-1,188	-1,039
Net Cash Per Share	-15.94	-16.92	-18.24	-22.52	-19.70
Filing Date Shares Outstanding	52.77	52.76	52.78	52.78	52.77
Total Common Shares Outstanding	52.77	52.76	52.78	52.78	52.77
Working Capital	1,047	1,014	617.3	680.5	247.6
Book Value Per Share	103.59	98.78	87.44	77.05	74.24
Tangible Book Value	4,128	3,912	3,324	2,704	2,821
Tangible Book Value Per Share	78.23	74.15	62.97	51.23	53.46
Buildings	342.2	276.5	272.8	263.9	261.8
Machinery	6,976	6,731	6,485	6,427	6,316
Construction In Progress	503.2	520.1	348.8	288.2	234.8

Source: S&P Global Market Intelligence. Utility template. Financial Sources.