Puig Brands SA (PUGBY) Balance Sheet

NYSE: PUGBYAssets, liabilities, debt and equity over 5 years.

PUGBY balance sheet, 2025

December 31, 2025 · euros

€8.55B assets = €4.64B liabilities + €3.91B equity

What it owns€8.55BCash & ST investments: €1.05B (12.2%)Cash & ST investments€1.05B · 12%Receivables: €578.5M (6.8%)Receivables €578.5MInventory: €693.6M (8.1%)Inventory €693.6MOther current: €214.6M (2.5%)PP&E: €400.0M (4.7%)Goodwill & intangibles: €4.60B (53.8%)Goodwill & intangibles€4.60B · 54%Other non-current: €1.02B (11.9%)Other non-current€1.02B · 12%=How it is financed€8.55BCurrent liabilities: €2.25B (26.4%)Current liabilities€2.25B · 26%Long-term debt: €718.3M (8.4%)Long-term debt €718.3MOther LT liabilities: €1.66B (19.5%)Other LT liabilities€1.66B · 19%Shareholders’ equity: €3.91B (45.8%)Shareholders’ equity€3.91B · 46%

Both columns are drawn to the same scale: what PUGBY owns equals what it owes plus shareholders’ equity. Hover a block for its value.

PUGBY financial health

Current ratio1.12
Adequate · current assets cover current liabilities 1.12×
Debt / equity0.18
Low leverage · €0.18 of debt for each $1 of equity
Equity / assets45.8%
Equity-funded · of assets funded by shareholders
Cash / debt145.6%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles53.8%
Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

PUGBY balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assets€5.09B2021€8.55B2025+13.8%/yr
Total liabilities€4.04B2021€4.64B2025+3.5%/yr
Shareholders’ equity€1.05B2021€3.91B2025+39.0%/yr
Cash & short-term investments€692.7M2021€1.05B2025+10.9%/yr
Total debt€826.6M2021€718.3M2025−3.4%/yr
Net cash (debt)−€133.9M2021€327.9M2025+€461.8M
Working capital€554.0M2021€279.3M2025−€274.7M
Current ratio1.5720211.122025−0.45
Debt / equity0.7920210.182025−0.60
Shares outstanding147.4M2021563.3M2025+39.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PUGBY assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

PUGBY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

PUGBY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

PUGBY balance sheet in euros

20252024202320222021
Assets
Cash & short-term investments€1.05B€884.4M€856.0M€710.0M€692.7M
Cash & equivalents€1.04B€882.6M€852.9M€710.0M€692.7M
Short-term investments€9.8M€1.8M€3.1M——
Receivables€578.5M€567.5M€484.7M€387.9M€317.3M
Inventory€693.6M€720.3M€788.9M€626.3M€363.1M
Other current assets€214.6M€281.2M€183.6M€232.1M€153.7M
Total current assets€2.53B€2.45B€2.31B€1.96B€1.53B
Property, plant & equipment (net)€400.0M€745.4M€614.3M€511.0M€399.6M
Goodwill & intangible assets€4.60B€4.71B€4.11B€4.06B€2.66B
Long-term investments€0€0€0€0€0
Other non-current assets€1.02B€698.6M€669.6M€585.5M€503.8M
Total assets€8.55B€8.60B€7.71B€7.12B€5.09B
Liabilities
Accounts payable€245.2M€229.5M€212.1M€238.9M€166.5M
Total current liabilities€2.25B€1.80B€1.65B€1.19B€972.7M
Long-term debt€718.3M€1.13B€1.79B€1.66B€826.6M
Lease obligations€77.1M€74.5M€58.1M€43.9M€37.3M
Other long-term liabilities€1.66B€2.13B€3.31B€3.31B€2.24B
Total liabilities€4.64B€5.07B€6.75B€6.16B€4.04B
Shareholders' equity
Retained earnings (deficit)€593.7M————
Minority interest€12.6M€11.6M€9.3M€6.7M—
Total shareholders' equity€3.91B€3.54B€959.2M€944.8M€1.05B
Key figures
Total debt€718.3M€1.13B€1.79B€1.66B€826.6M
Net cash (debt)€327.9M−€245.5M−€932.9M−€952.3M−€133.9M
Working capital€279.3M€650.2M€663.3M€761.7M€554.0M
Tangible book value−€686.8M−€1.17B−€3.16B−€3.12B−€1.61B
Shares outstanding563.3M563.3M147.4M147.4M147.4M
Current ratio1.121.361.401.641.57
Quick ratio0.720.810.810.921.04
Debt / equity0.180.321.861.760.79
Equity / assets45.8%41.1%12.4%13.3%20.6%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed —); data from EODHD.

PUGBY financial position

At the end of fiscal 2025 (December 31, 2025), Puig Brands had total assets of €8.5 billion (down 0.6% from a year earlier), total liabilities of €4.6 billion and shareholders' equity of €3.9 billion. It held €1.0 billion in cash and short-term investments against €718.3 million of debt, a net cash position of €327.9 million. Its current ratio was 1.12.

Related: PUGBY income statement, PUGBY cash flow statement, PUGBY key metrics. See the PUGBY stock overview for the latest quote and news.

PUGBY balance sheet FAQ

What are Puig Brands's total assets?

Puig Brands reported total assets of €8.5 billion at the end of fiscal 2025 (December 31, 2025), compared with €8.6 billion a year earlier.

How much debt does Puig Brands have?

Puig Brands had €718.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.18.

How much cash does Puig Brands have?

Puig Brands held €1.0 billion in cash and short-term investments at the end of fiscal 2025; with €718.3 million of debt that is net cash of €327.9 million.

What is Puig Brands's book value?

Puig Brands's shareholders' equity (book value) was €3.9 billion at the end of fiscal 2025.

What is Puig Brands's current ratio?

Puig Brands had current assets of €2.5 billion and current liabilities of €2.3 billion, a current ratio of 1.12 (it can cover its short-term obligations).

How much goodwill does Puig Brands have?

Puig Brands carried €4.6 billion of goodwill and intangible assets, 53.8% of total assets, at the end of fiscal 2025.

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