Consolidated balance sheet

€ Million

Notes

31 December 2025

31 December 2024

Assets

Property, plant and equipment

12

11,972

10,583

Intangible assets

13

266

245

Right-of-use assets

14

129

111

Other non-current financial assets

15

9

8

Non-current assets

12,376

10,947

Inventories

16

252

168

Receivables

17

310

296

Corporate income tax

18

18

25

Other current financial assets

19

255

5

Cash and cash equivalents

20

227

46

Current assets

1,062

540

Total assets

13,438

11,487

€ Million

Notes

31 December 2025

31 December 2024

Liabilities

Issued and paid-up share capital

150

150

Share premium reserve

2,436

2,436

General reserve

2,825

2,698

Profit for the year

400

254

Equity

21

5,811

5,538

Non-current interest-bearing liabilities

22

4,567

3,562

Non-current provisions

23

16

15

Advance contributions for the installation of grids and connections

24

1,365

1,281

Deferred corporate income tax

25

440

441

Other non-current liabilities

26

1

1

Non-current liabilities

6,389

5,300

Trade and other payables

27

645

518

Current interest-bearing liabilities

28

537

81

Current provisions

23

15

12

Advance contributions to be amortised in the following year

24

41

38

Current liabilities

1,238

649

Total liabilities

13,438

11,487