Rentokil Initial PLC balance sheet

At the end of fiscal 2025, Rentokil Initial PLC had shareholders' equity of $5.50bn. It held $2.32bn in cash against $8.90bn of debt: net debt of $6.58bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Rentokil Initial PLC: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	902	2,621	1,989	1,158	2,319
Receivables	—	—	—	1,121	1,137	1,151
Inventory	—	—	—	264	287	308
Total current assets	—	—	—	3,435	2,611	3,859
Goodwill	—	—	—	—	6,455	6,584
Total current liabilities	—	—	—	3,284	3,224	3,315
Short-term debt	—	—	—	—	0	586
Long-term debt	—	—	—	4,016	6,249	8,311
Total debt	—	3,389	7,924	4,016	6,249	8,897
Shareholders' equity	—	—	4,957	5,210	5,295	5,496
Net debt (negative = net cash)	—	2,487	5,303	2,027	5,091	6,578

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Rentokil Initial PLC's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Rentokil Initial PLC.