Azimut Holding Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	498.93	394.8	464.57	298.14	180.04
Short-Term Investments	3.56	0.47	5.91	0.7	0.29
Cash & Short-Term Investments	502.49	395.28	470.48	298.84	180.33
Cash Growth	27.12%	-15.98%	57.44%	65.71%	-35.59%
Accounts Receivable	190.38	298.22	241.58	164.5	466.18
Other Receivables	377.17	271.98	237.12	326.63	295.07
Receivables	573	570.19	499.41	510.51	803.69
Prepaid Expenses	16.72	178.04	-	146.02	119.28
Other Current Assets	217.22	-	-	-	-
Total Current Assets	1,309	1,144	969.88	955.37	1,103
Property, Plant & Equipment	31.88	29.47	45.88	48.56	52.04
Long-Term Investments	8,532	8,455	7,854	7,604	7,980
Goodwill	584.13	508	749.83	743.67	648.24
Other Intangible Assets	99.09	73.06	142.91	134.58	118.79
Long-Term Deferred Tax Assets	14.9	17.98	19.41	22.89	20.31
Long-Term Deferred Charges	75.79	-	171.04	-	-
Other Long-Term Assets	6.13	5.92	5.63	5.28	-
Total Assets	10,654	10,233	9,958	9,515	9,922
Accounts Payable	41.47	45.96	78.99	82.8	77.49
Accrued Expenses	112.27	129.33	123.49	123.86	135.05
Current Portion of Long-Term Debt	0.09	0.07	496.98	0.42	-
Current Income Taxes Payable	28.35	60.1	142.73	120.12	71.83
Other Current Liabilities	91.5	-	-	-	-
Total Current Liabilities	273.69	235.45	842.19	327.2	284.37
Long-Term Debt	0.25	0.09	0.22	497.78	853.03
Long-Term Leases	29.91	27.67	40.24	41.46	44.98
Long-Term Unearned Revenue	2.34	0.98	0.79	1.14	1.7
Long-Term Deferred Tax Liabilities	67.52	69.27	76.94	75	69.89
Other Long-Term Liabilities	8,206	7,952	7,389	7,100	7,433
Total Liabilities	8,580	8,285	8,349	8,042	8,687
Common Stock	32.32	32.32	32.32	32.32	32.32
Additional Paid-In Capital	173.99	173.99	173.99	173.99	173.99
Retained Earnings	532.13	582.63	1,482	412.93	611.92
Treasury Stock	-49.28	-7.51	-55.07	-56.49	-40.83
Comprehensive Income & Other	1,354	1,142	-82.86	854.68	405.25
Total Common Equity	2,043	1,923	1,551	1,417	1,183
Minority Interest	30.3	24.85	58.74	54.8	52.94
Shareholders' Equity	2,074	1,948	1,609	1,472	1,236
Total Liabilities & Equity	10,654	10,233	9,958	9,515	9,922
Total Debt	30.25	27.83	537.45	539.67	898.01
Net Cash (Debt)	472.24	367.45	-66.97	-240.83	-717.67
Net Cash Growth	28.52%	-	-	-	-
Net Cash Per Share	3.33	2.62	-0.48	-1.73	-5.16
Filing Date Shares Outstanding	141.23	141.6	138.45	138.39	139.61
Total Common Shares Outstanding	141.23	141.6	138.45	138.39	139.61
Working Capital	1,036	908.06	127.69	628.17	818.93
Book Value Per Share	14.47	13.58	11.20	10.24	8.47
Tangible Book Value	1,360	1,342	657.82	539.18	415.61
Tangible Book Value Per Share	9.63	9.48	4.75	3.90	2.98
Buildings	130.55	99.71	99.3	92.54	78.97
Machinery	19.6	16.04	15.01	14.79	13.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.