Croatia Airlines d.d. (ZSE:CRAL)

Croatia Airlines d.d. Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	20.89	12.72	45.64	79.91	77.02	42.14
Short-Term Investments	0	1.22	1.11	3.65	1.99	8.34
Cash & Short-Term Investments	20.89	13.94	46.75	83.56	79.01	50.47
Cash Growth	62.41%	-70.18%	-44.05%	5.76%	56.53%	-39.23%
Accounts Receivable	20.55	14.51	14.08	15.37	11.92	6.63
Other Receivables	17.75	8.82	6.43	2.84	6	2.39
Receivables	40.48	23.34	20.52	18.22	17.92	9.01
Inventory	12.94	12	11.62	9.6	8.75	7.99
Prepaid Expenses	16.22	2.13	1.02	1.14	1.78	-
Other Current Assets	-	1.72	1.26	1.37	0.69	2.26
Total Current Assets	90.54	53.12	81.16	113.89	108.15	69.73
Property, Plant & Equipment	318.65	239.91	125.44	54.91	70.7	86.75
Long-Term Investments	0.03	0.03	0.03	0.03	0.2	0.18
Other Intangible Assets	1.87	1.66	1.49	0.78	0.42	0.33
Other Long-Term Assets	58.61	70.96	66.18	58.57	41.31	31.33
Total Assets	484.78	365.67	274.3	228.17	220.77	188.32

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	35.14	22.93	15.3	17.67	12.84	11.06
Accrued Expenses	19.27	21.28	19.07	10.55	15.16	4.42
Short-Term Debt	24.5	-	-	-	-	-
Current Portion of Long-Term Debt	-	0	0	-	2.95	1.7
Current Portion of Leases	-	18.86	18.78	12.66	11.32	11.09
Current Income Taxes Payable	2.58	0.07	0.04	0.01	-	0
Current Unearned Revenue	-	20.79	21.17	22.18	22.54	-
Other Current Liabilities	43.54	2.27	2.58	2.47	2.01	27.54
Total Current Liabilities	125.03	86.21	76.93	65.54	66.82	55.81
Long-Term Debt	278.63	42.84	82.61	81.65	80.89	70.87
Long-Term Leases	-	175.19	66.27	25.85	28.99	38.13
Pension & Post-Retirement Benefits	0.31	0.31	0.33	0.28	0.3	-
Long-Term Deferred Tax Liabilities	1.48	1.48	1.45	-	-	-
Other Long-Term Liabilities	58.53	52.13	44.41	39.68	31.5	32.72
Total Liabilities	463.99	358.16	271.99	213	208.5	197.53

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	213.27	92.39	92.39	92.39	83.33	83.55
Retained Earnings	-193.35	-135.5	-97.5	-78.11	-110.7	-92.91
Comprehensive Income & Other	0.88	50.62	7.43	0.89	39.64	0.16
Shareholders' Equity	20.79	7.51	2.32	15.17	12.28	-9.21
Total Liabilities & Equity	484.78	365.67	274.3	228.17	220.77	188.32

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	303.13	236.9	167.65	120.17	124.16	121.79
Net Cash (Debt)	-282.24	-222.96	-120.9	-36.61	-45.15	-71.32
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	-2.41	-1.31	-0.40	-0.72	-1.14
Filing Date Shares Outstanding	-	92.39	92.39	92.39	62.8	62.8
Total Common Shares Outstanding	-	92.39	92.39	92.39	62.8	62.8
Working Capital	-34.49	-33.08	4.23	48.35	41.33	13.92
Book Value Per Share	-	0.08	0.03	0.16	0.20	-0.15
Tangible Book Value	18.92	5.85	0.82	14.39	11.86	-9.54
Tangible Book Value Per Share	-	0.06	0.01	0.16	0.19	-0.15
Land	-	9.89	9.81	9.62	9.62	-
Machinery	-	7.28	29.81	8.55	168.79	-
Construction In Progress	-	6.28	1	2.37	0.03	-

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error