NASDAQ: INIO
INNIO N.V.CIK 0002109150 · SIC 3621 · Motors & Generators
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Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(in millions of $, except share and per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Sales of equipment and products | 569.3 | 354.1 | 891.8 | 564.3 |
| Sales of services | 368.4 | 305.4 | 714.7 | 589.2 |
| Net sales | 937.7 | 659.5 | 1,606.5 | 1,153.5 |
| Cost of equipment and products sold | 421.6 | 251.0 | 662.5 | 397.5 |
| Cost of services sold | 208.2 | 180.1 | 402.3 | 338.2 |
| Gross profit | 307.9 | 228.4 | 541.7 | 417.8 |
| Selling, general, and administrative expenses | 232.2 | 101.4 | 375.2 | 198.4 |
| Research and development expenses | 31.9 | 27.2 | 60.8 | 46.4 |
| Other operating (income) expense—net | (1.3) | (1.3) | (2.5) | (3.1) |
| Operating income | 45.1 | 101.1 | 108.2 | 176.1 |
| Interest expense and related financing costs—net | 52.9 | 21.5 | 123.7 | 50.1 |
| Other (income) expense net | (3.7) | (0.9) | (6.9) | (1.5) |
| Income (loss) before income taxes | (4.1) | 80.5 | (8.6) | 127.5 |
| Income tax expense | 12.8 | 18.1 | 17.3 | 30.1 |
| Net income (loss) | (16.9) | 62.4 | (25.9) | 97.4 |
| Net income (loss) attributable to non-controlling interests | (1.6) | (0.1) | (3.4) | (0.1) |
| Net income (loss) attributable to INNIO N.V. shareholders | (15.3) | 62.5 | (22.5) | 97.5 |
| Earnings (loss) per share attributable to INNIO N.V.: | ||||
| Basic | (0.02) | 0.08 | (0.03) | 0.13 |
| Diluted | (0.02) | 0.08 | (0.03) | 0.13 |
| Weighted-average number of shares outstanding: | ||||
| Basic | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 |
| Diluted | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 |
Consolidated Statements of Financial Position (Unaudited)
(in millions of $, except share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 1,039.9 | 689.5 |
| Accounts receivable—net | 234.2 | 204.4 |
| Inventories | 958.1 | 601.2 |
| Prepaid expenses | 175.2 | 117.9 |
| Other current assets | 207.9 | 180.8 |
| Total current assets | 2,615.3 | 1,793.8 |
| Property, plant, and equipment—net | 599.1 | 540.4 |
| Goodwill | 1,648.8 | 1,686.6 |
| Intangible assets—net | 719.7 | 777.3 |
| Other non-current assets | 141.1 | 104.4 |
| Total assets | 5,724.0 | 4,902.5 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 466.7 | 273.3 |
| Contract liabilities | 970.1 | 546.2 |
| Accrued liabilities | 235.4 | 186.1 |
| Obligations under supplier finance programs | 181.2 | 157.0 |
| Obligations related to factoring arrangements | 43.0 | 59.5 |
| Other current liabilities | 194.5 | 153.7 |
| Total current liabilities | 2,090.9 | 1,375.8 |
| Long-term debt net | 2,607.1 | 2,647.4 |
| Contract liabilities | 426.8 | 269.9 |
| Deferred taxes | 204.3 | 214.6 |
| Other non-current liabilities | 175.8 | 166.7 |
| Total liabilities | 5,504.9 | 4,674.4 |
| Commitments and guarantees | ||
| Shareholders’ equity | 20 | |
| Common stock , €0.04 nominal value; 750,000,000 shares issued and outstanding (1) | 34.9 | 34.9 |
| Additional paid-in capital | 111.6 | 103.2 |
| Retained earnings | 77.8 | 100.3 |
| Accumulated other comprehensive loss | (15.1) | (20.6) |
| Total INNIO N.V. shareholders’ equity | 209.2 | 217.8 |
| Non-controlling interests | 9.9 | 10.3 |
| Total shareholders’ equity | 219.1 | 228.1 |
| Total liabilities and shareholders’ equity | 5,724.0 | 4,902.5 |
Consolidated Statements of Cash Flows (Unaudited)
(in millions of $)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Net income (loss) | (25.9) | 97.4 |
| Adjustments to reconcile net income to cash from operating activities | ||
| Depreciation of property, plant, and equipment | 33.6 | 26.7 |
| Amortization of intangible assets | 44.7 | 45.4 |
| Accrued long-term incentive plan compensation | 61.5 | — |
| Foreign currency losses (gains) | 33.7 | (11.7) |
| Amortization of operating lease right-of-use assets | 11.4 | 8.1 |
| Other non-cash expense (income) | 32.0 | 11.8 |
| Changes in assets and liabilities | ||
| Accounts receivable | (33.7) | 20.2 |
| Inventories | (379.7) | (144.6) |
| Prepaid expenses | (58.8) | (4.1) |
| Accounts payable | 205.3 | 19.3 |
| Contract liabilities | 594.5 | 100.5 |
| Accrued liabilities | (7.3) | (38.1) |
| All other assets and liabilities | (67.7) | (40.3) |
| Net cash provided by operating activities | 443.6 | 90.6 |
| Additions to property, plant, and equipment | (94.1) | (39.4) |
| Additions to intangible assets | (7.5) | (8.8) |
| All other investing activities | 0.3 | 2.3 |
| Net cash used for investing activities | (101.3) | (45.9) |
| Repayment of loans and borrowings | (3.8) | (3.0) |
| Proceeds / (payments) from supplier finance programs, net | 29.2 | 52.4 |
| Payments for obligations from finance lease and sale-and-leaseback transactions | (1.7) | (2.2) |
| Proceeds from contribution from non controlling interest | 3.3 | — |
| Transaction costs related to new loans and refinancing of existing loans | (6.6) | — |
| All other financing activities | (2.9) | (1.9) |
| Net cash provided by financing activities | 17.5 | 45.3 |
| Effect of currency exchange rate changes on cash and cash equivalents | (9.4) | 16.9 |
| Increase in cash and cash equivalents | 350.4 | 106.8 |
| Cash and cash equivalents at the beginning of the period | 689.5 | 378.5 |
| Cash and cash equivalents at the end of the period | 1,039.9 | 485.3 |
| Supplemental disclosure of cash flows information | ||
| Cash paid during the period for interest | (91.9) | (73.2) |
Amounts as printed on the EDGAR/iXBRL face — (in millions of $, except share and per share amounts); (in millions of $, except share data); (in millions of $). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗