Azimut Holding Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	461.64	394.8	464.57	298.14	180.04	279.46
Short-Term Investments	-	0.47	5.91	0.7	0.29	0.54
Cash & Short-Term Investments	461.64	395.28	470.48	298.84	180.33	280
Cash Growth	-35.03%	-15.98%	57.44%	65.71%	-35.59%	14.22%
Accounts Receivable	-	298.22	241.58	164.5	466.18	205.89
Other Receivables	137.52	252.88	237.12	326.63	295.07	296.34
Receivables	156.52	570.19	499.41	510.51	803.69	519.81
Prepaid Expenses	75	-	-	146.02	119.28	80.4
Other Current Assets	141.7	-	-	-	-	-
Total Current Assets	834.86	965.47	969.88	955.37	1,103	880.21
Property, Plant & Equipment	23.78	29.47	45.88	48.56	52.04	48.43
Long-Term Investments	8,598	8,455	7,854	7,604	7,980	6,876
Goodwill	618.11	508	749.83	743.67	648.24	550.11
Other Intangible Assets	66.88	73.06	142.91	134.58	118.79	106.58
Long-Term Deferred Tax Assets	14.96	17.98	19.41	22.89	20.31	12.18
Long-Term Deferred Charges	-	178.04	171.04	-	-	-
Other Long-Term Assets	195.66	5.92	5.63	5.28	-	-
Total Assets	10,352	10,233	9,958	9,515	9,922	8,474
Accounts Payable	-	45.96	78.99	82.8	77.49	66.03
Accrued Expenses	-	129.33	123.49	123.86	135.05	104.82
Current Portion of Long-Term Debt	0.07	-	496.98	0.42	-	5.77
Current Income Taxes Payable	57.7	60.1	142.73	120.12	71.83	10.29
Total Current Liabilities	115.24	235.39	842.19	327.2	284.37	186.91
Long-Term Debt	0.03	0.15	0.22	497.78	853.03	901.17
Long-Term Leases	22	27.67	40.24	41.46	44.98	41.56
Long-Term Unearned Revenue	-	0.98	0.79	1.14	1.7	1.25
Long-Term Deferred Tax Liabilities	60.46	69.27	76.94	75	69.89	61.74
Other Long-Term Liabilities	8,221	7,952	7,389	7,100	7,433	6,395
Total Liabilities	8,419	8,285	8,349	8,042	8,687	7,587
Common Stock	32.32	32.32	32.32	32.32	32.32	32.32
Additional Paid-In Capital	173.99	173.99	173.99	173.99	173.99	173.99
Retained Earnings	1,867	1,795	1,482	412.93	611.92	388.16
Treasury Stock	-18.71	-7.51	-55.07	-56.49	-40.83	-68.29
Comprehensive Income & Other	-143.74	-70.57	-82.86	854.68	405.25	339.71
Total Common Equity	1,911	1,923	1,551	1,417	1,183	865.89
Minority Interest	22.19	24.85	58.74	54.8	52.94	20.17
Shareholders' Equity	1,933	1,948	1,609	1,472	1,236	886.06
Total Liabilities & Equity	10,352	10,233	9,958	9,515	9,922	8,474
Total Debt	22.1	27.83	537.45	539.67	898.01	948.5
Net Cash (Debt)	439.54	367.45	-66.97	-240.83	-717.67	-668.5
Net Cash Per Share	3.10	2.62	-0.48	-1.73	-5.16	-4.82
Filing Date Shares Outstanding	142.15	141.6	138.45	138.39	139.61	138.24
Total Common Shares Outstanding	142.15	141.6	138.45	138.39	139.61	138.24
Working Capital	719.62	730.08	127.69	628.17	818.93	693.3
Book Value Per Share	13.44	13.58	11.20	10.24	8.47	6.26
Tangible Book Value	1,226	1,342	657.82	539.18	415.61	209.19
Tangible Book Value Per Share	8.63	9.48	4.75	3.90	2.98	1.51
Buildings	-	99.71	99.3	92.54	78.97	66.96
Machinery	-	16.04	15.01	14.79	13.4	11.77

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.