B.F. S.p.A. 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	375.83	267.77	346.44	173.73	125.05
Short-Term Investments	17.48	16.63	15.74	-	-
Cash & Short-Term Investments	393.31	284.39	362.17	173.73	125.05
Cash Growth	38.30%	-21.48%	108.47%	38.93%	239.78%
Accounts Receivable	457.63	365.23	321.67	345.3	217.97
Other Receivables	120.29	118.47	56.49	38.14	31.3
Receivables	577.91	483.71	378.16	383.43	249.28
Inventory	297.74	281.97	287.84	293.36	168.09
Other Current Assets	31.74	26.06	14.84	12.77	11.3
Total Current Assets	1,301	1,076	1,043	863.29	553.72
Property, Plant & Equipment	620.84	668.73	611.76	614.86	397.11
Long-Term Investments	292.52	246.29	157.29	118.19	84.93
Goodwill	70.65	100.15	64.01	64.58	52.29
Other Intangible Assets	186.68	105.84	106.54	99.16	74.55
Long-Term Deferred Tax Assets	-	21.35	19.04	-	14.73
Other Long-Term Assets	151.24	116.87	73.33	73.98	36.64
Total Assets	2,623	2,335	2,075	1,834	1,214
Accounts Payable	697.26	580.08	542.84	579.12	309.36
Accrued Expenses	-	14.74	11.55	13.73	8.52
Short-Term Debt	224.02	174.75	144.41	139.79	58.36
Current Portion of Long-Term Debt	-	52.5	41.72	45.36	16.25
Current Portion of Leases	-	10.29	9.75	9.29	4.43
Current Income Taxes Payable	-	14.86	4.86	7.15	4.26
Other Current Liabilities	98.4	59.63	38.47	50.02	43.22
Total Current Liabilities	1,020	906.85	793.6	844.46	444.4
Long-Term Debt	195.17	167.88	121.83	100.74	52.42
Long-Term Leases	-	52.88	52.33	58.45	19.21
Long-Term Unearned Revenue	-	4.08	2.91	1.22	1.14
Pension & Post-Retirement Benefits	8.91	10.68	9.85	10.23	7.09
Long-Term Deferred Tax Liabilities	77.54	67.73	62.52	62.61	52.69
Other Long-Term Liabilities	99.77	88.12	83.95	57.68	33.22
Total Liabilities	1,401	1,298	1,127	1,135	610.17
Common Stock	261.88	261.88	261.88	187.06	187.06
Retained Earnings	-0.88	26.47	27.75	42.07	31.52
Comprehensive Income & Other	539.48	505.35	459.17	262.93	253.99
Total Common Equity	800.49	793.7	748.8	492.06	472.57
Minority Interest	421.07	243.45	199.19	206.61	131.22
Shareholders' Equity	1,222	1,037	947.99	698.67	603.8
Total Liabilities & Equity	2,623	2,335	2,075	1,834	1,214
Total Debt	419.19	458.3	370.04	353.63	150.68
Net Cash (Debt)	-25.89	-173.9	-7.87	-179.9	-25.63
Net Cash Per Share	-0.10	-0.66	-0.03	-0.96	-0.15
Filing Date Shares Outstanding	261.88	261.88	261.88	187.06	187.06
Total Common Shares Outstanding	261.88	261.88	261.88	187.06	187.06
Working Capital	281.03	169.28	249.41	18.84	109.31
Book Value Per Share	3.06	3.03	2.86	2.63	2.53
Tangible Book Value	543.16	587.71	578.25	328.32	345.73
Tangible Book Value Per Share	2.07	2.24	2.21	1.76	1.85
Land	-	168.76	176.86	173.78	167.43
Buildings	-	316.7	263.29	250.88	138.79
Machinery	-	175.61	164.81	141.88	80.87
Construction In Progress	-	55.21	37.6	40.86	20.21

Source: S&P Global Market Intelligence. Standard template. Financial Sources.