Borgosesia 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	26.99	5.77	6.8	7.67	12.23
Trading Asset Securities	17.96	8.41	5.93	3.93	3.09
Cash & Short-Term Investments	44.95	14.18	12.73	11.59	15.32
Cash Growth	217.03%	11.36%	9.83%	-24.33%	-74.61%
Accounts Receivable	19.1	1.82	1.82	1.13	1.74
Other Receivables	-	12.79	7.77	4.83	5.62
Receivables	19.1	14.61	9.59	5.96	7.36
Prepaid Expenses	-	-	-	0.38	0.5
Other Current Assets	-	-	-	-	0.14
Total Current Assets	64.05	28.79	22.33	17.93	23.32
Property, Plant & Equipment	1.63	1.15	1.35	0.78	0.75
Long-Term Investments	137.77	133.28	127.88	90.28	44.26
Goodwill	-	0.14	0.18	0.18	0.19
Other Intangible Assets	1.77	0.02	0.01	0	0.01
Long-Term Deferred Tax Assets	4.58	3.29	3.28	3.73	1.99
Other Long-Term Assets	60.77	33.98	25.02	38.19	56.02
Total Assets	270.57	200.64	180.05	151.09	126.54
Accounts Payable	22.76	2.94	4.48	4.05	4.13
Accrued Expenses	-	0.68	1.08	0.89	0.64
Short-Term Debt	-	2.51	2.6	6.23	2.52
Current Portion of Long-Term Debt	-	11.25	35.17	8.03	16.39
Current Portion of Leases	-	0.25	0.25	0.06	0.06
Current Income Taxes Payable	-	0.61	0.92	1.2	0.79
Current Unearned Revenue	-	4.48	4.39	7.03	4.07
Other Current Liabilities	-	1.97	4.96	8.46	2.97
Total Current Liabilities	22.76	24.69	53.84	35.95	31.56
Long-Term Debt	178.33	104.98	58.29	50.91	39.99
Long-Term Leases	-	2.67	0.27	0.44	0.45
Other Long-Term Liabilities	1.16	1.14	3.29	0.81	1.33
Total Liabilities	202.24	133.49	115.69	88.11	73.33
Common Stock	9.9	9.9	9.9	9.9	9.9
Additional Paid-In Capital	-	2.46	2.46	-	6.87
Retained Earnings	24.54	24.27	21.73	14.35	9.61
Comprehensive Income & Other	22.19	18.35	19.57	25.8	13.78
Total Common Equity	56.63	54.97	53.66	50.05	40.15
Minority Interest	11.7	12.19	10.7	12.93	13.05
Shareholders' Equity	68.33	67.15	64.36	62.98	53.2
Total Liabilities & Equity	270.57	200.64	180.05	151.09	126.54
Total Debt	178.33	121.67	96.58	65.67	59.42
Net Cash (Debt)	-133.38	-107.49	-83.84	-54.08	-44.1
Net Cash Per Share	-	-2.38	-1.86	-1.20	-1.02
Filing Date Shares Outstanding	-	47.72	47.72	47.72	43.35
Total Common Shares Outstanding	-	47.72	47.72	47.72	43.35
Working Capital	41.29	4.1	-31.52	-18.02	-8.25
Book Value Per Share	-	1.15	1.12	1.05	0.93
Tangible Book Value	54.86	54.81	53.47	49.87	39.96
Tangible Book Value Per Share	-	1.15	1.12	1.05	0.92

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