Borgosesia 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	Jun '25 Jun 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	8.25	5.77	6.8	7.67	12.23	6.69
Short-Term Investments	-	-	-	-	-	52.47
Trading Asset Securities	14.1	8.41	5.93	3.93	3.09	1.18
Cash & Short-Term Investments	22.35	14.18	12.73	11.59	15.32	60.34
Cash Growth	9.39%	11.36%	9.83%	-24.33%	-74.61%	115.07%
Accounts Receivable	17.04	1.82	1.82	1.13	1.74	0.78
Other Receivables	-	12.79	7.77	4.83	5.62	4.28
Receivables	17.04	14.61	9.59	5.96	7.36	13.79
Prepaid Expenses	-	-	-	0.38	0.5	-
Other Current Assets	-	-	-	-	0.14	0.29
Total Current Assets	39.39	28.79	22.33	17.93	23.32	74.42
Property, Plant & Equipment	1.61	1.15	1.35	0.78	0.75	0.46
Long-Term Investments	126.03	133.28	127.88	90.28	44.26	6.28
Goodwill	0.14	0.14	0.18	0.18	0.19	0.19
Other Intangible Assets	0.04	0.02	0.01	0	0.01	0.01
Long-Term Deferred Tax Assets	3.86	3.29	3.28	3.73	1.99	0.8
Other Long-Term Assets	47.31	33.98	25.02	38.19	56.02	6.4
Total Assets	218.38	200.64	180.05	151.09	126.54	89.15
Accounts Payable	3.88	2.94	4.48	4.05	4.13	2.6
Accrued Expenses	0.77	0.68	1.08	0.89	0.64	0.21
Short-Term Debt	1.51	2.51	2.6	6.23	2.52	8.48
Current Portion of Long-Term Debt	53.02	11.25	35.17	8.03	16.39	12.23
Current Portion of Leases	0.33	0.25	0.25	0.06	0.06	0.06
Current Income Taxes Payable	0.59	0.61	0.92	1.2	0.79	0.94
Current Unearned Revenue	5.71	4.48	4.39	7.03	4.07	3.16
Other Current Liabilities	2.87	1.97	4.96	8.46	2.97	1.45
Total Current Liabilities	68.67	24.69	53.84	35.95	31.56	29.13
Long-Term Debt	77.74	104.98	58.29	50.91	39.99	21.73
Long-Term Leases	2.92	2.67	0.27	0.44	0.45	0.31
Other Long-Term Liabilities	1.06	1.14	3.29	0.81	1.33	1.35
Total Liabilities	150.39	133.49	115.69	88.11	73.33	52.52
Common Stock	9.9	9.9	9.9	9.9	9.9	9.25
Additional Paid-In Capital	2.46	2.46	2.46	-	6.87	21.06
Retained Earnings	26.11	24.27	21.73	14.35	9.61	0.06
Comprehensive Income & Other	17.11	18.35	19.57	25.8	13.78	1.56
Total Common Equity	55.57	54.97	53.66	50.05	40.15	31.92
Minority Interest	12.43	12.19	10.7	12.93	13.05	4.71
Shareholders' Equity	68	67.15	64.36	62.98	53.2	36.63
Total Liabilities & Equity	218.38	200.64	180.05	151.09	126.54	89.15
Total Debt	135.52	121.67	96.58	65.67	59.42	42.81
Net Cash (Debt)	-113.17	-107.49	-83.84	-54.08	-44.1	17.53
Net Cash Per Share	-2.51	-2.38	-1.86	-1.20	-1.02	-
Filing Date Shares Outstanding	47.72	47.72	47.72	47.72	43.35	-
Total Common Shares Outstanding	47.72	47.72	47.72	47.72	43.35	-
Working Capital	-29.28	4.1	-31.52	-18.02	-8.25	45.29
Book Value Per Share	1.16	1.15	1.12	1.05	0.93	-
Tangible Book Value	55.39	54.81	53.47	49.87	39.96	31.73
Tangible Book Value Per Share	1.16	1.15	1.12	1.05	0.92	-

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