Stadler Rail 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	664.19	1,261	1,087	831.68	1,149
Cash & Short-Term Investments	664.19	1,261	1,087	831.68	1,149
Cash Growth	-47.32%	15.99%	30.70%	-27.60%	23.66%
Accounts Receivable	1,266	1,190	1,029	1,096	1,009
Other Receivables	225.13	168.43	136.9	153.03	171.97
Receivables	1,491	1,358	1,166	1,249	1,181
Inventory	2,068	1,661	1,346	1,036	1,068
Other Current Assets	13.47	2.1	10.51	1.08	0.01
Total Current Assets	4,237	4,282	3,609	3,118	3,398
Property, Plant & Equipment	1,201	1,096	998.05	919.82	892.74
Long-Term Investments	50.45	60.18	58.05	78.93	66.09
Other Intangible Assets	233.39	210.4	181.32	6.93	84.49
Long-Term Deferred Tax Assets	164.78	151.49	113.17	88.58	77.21
Long-Term Deferred Charges	69.7	55.5	48.55	183.73	80.45
Total Assets	5,956	5,855	5,009	4,395	4,599
Accounts Payable	304.29	230.22	159.34	239.94	215.29
Accrued Expenses	542.6	490.28	377.08	374.11	371.24
Current Portion of Long-Term Debt	433.48	48.56	170.51	459.64	815.36
Current Portion of Leases	0.42	1.23	1.22	1.44	2.55
Current Income Taxes Payable	27.82	11.93	11.05	20.68	20.2
Current Unearned Revenue	2,901	3,112	2,672	1,615	1,317
Other Current Liabilities	219.08	188.26	158.36	193.38	210.19
Total Current Liabilities	4,428	4,082	3,550	2,904	2,952
Long-Term Debt	503.13	820.67	492.82	576.04	642.54
Long-Term Leases	2.6	22.38	23.55	25.36	39.38
Pension & Post-Retirement Benefits	1.77	2.62	3.97	2.59	2.72
Long-Term Deferred Tax Liabilities	52.57	55.35	14.82	6.74	11.04
Other Long-Term Liabilities	111	98.33	104.44	101.37	70.42
Total Liabilities	5,099	5,081	4,189	3,616	3,718
Common Stock	20	20	20	20	20
Retained Earnings	1,017	945.19	996.41	978	1,017
Treasury Stock	-0.08	-0.02	-0.01	-0.1	-1.34
Comprehensive Income & Other	-224.79	-225.93	-226.12	-225.32	-160.86
Total Common Equity	812.28	739.24	790.28	772.58	875.21
Minority Interest	43.94	34.84	28.98	6.52	5.06
Shareholders' Equity	856.22	774.08	819.26	779.09	880.26
Total Liabilities & Equity	5,956	5,855	5,009	4,395	4,599
Total Debt	939.64	892.83	688.1	1,062	1,500
Net Cash (Debt)	-275.45	368.02	398.94	-230.79	-351.11
Net Cash Growth	-	-7.75%	-	-	-
Net Cash Per Share	-2.76	3.68	3.99	-2.31	-3.51
Filing Date Shares Outstanding	100	100	100	100	99.97
Total Common Shares Outstanding	100	100	100	100	99.97
Working Capital	-191.56	200.12	59.72	213.2	445.39
Book Value Per Share	8.12	7.39	7.90	7.73	8.76
Tangible Book Value	578.89	528.84	608.96	765.65	790.71
Tangible Book Value Per Share	5.79	5.29	6.09	7.66	7.91
Land	939.32	863.01	775.18	683.93	659.49
Machinery	730.95	649.3	594.76	567.97	542.93
Construction In Progress	158.17	107.73	91.13	80.45	44.45
Order Backlog	32,286	29,180	24,414	21,984	17,871

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