Fiera Milano 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	180.18	72.44	99.84	81.97	148.25
Short-Term Investments	-	5.89	36.34	35.72	5.8
Cash & Short-Term Investments	180.18	78.33	136.18	117.69	154.05
Cash Growth	130.03%	-42.48%	15.72%	-23.60%	653.58%
Accounts Receivable	64.61	45.4	34.85	29.43	25.25
Other Receivables	-	4.57	4.53	2.88	3.93
Receivables	64.61	61.86	42.69	33.01	31.59
Inventory	3.6	7.84	2.26	3.14	3.28
Prepaid Expenses	-	-	-	0.12	0.11
Other Current Assets	-	1.2	1.19	3.65	1.97
Total Current Assets	248.39	149.23	182.33	157.61	190.99
Property, Plant & Equipment	304.98	316.05	373.47	372.49	398.32
Long-Term Investments	-	51.27	50.62	29.67	15.82
Goodwill	97.59	95.04	95.04	95.04	95.04
Other Intangible Assets	21.32	9.02	12.24	15.2	18.51
Long-Term Deferred Tax Assets	-	10.88	10.31	11.17	14.01
Other Long-Term Assets	79.58	27.18	30.46	35.74	31.96
Total Assets	751.86	658.67	754.53	716.98	764.72
Accounts Payable	82.29	70.24	67.11	51.12	51.32
Accrued Expenses	-	16.58	14.7	10.79	8.94
Short-Term Debt	-	-	-	0.13	9.56
Current Portion of Long-Term Debt	40.66	8.88	28.01	27.74	1.37
Current Portion of Leases	-	40.68	54.93	49.89	41.38
Current Income Taxes Payable	4.11	0.22	1.29	0.5	0.94
Current Unearned Revenue	42.99	40.32	39.87	29.88	35.89
Other Current Liabilities	74.08	17.58	18.03	19.35	23.64
Total Current Liabilities	244.13	194.49	223.94	189.39	173.04
Long-Term Debt	303.45	3.5	30.63	60.87	98.23
Long-Term Leases	-	290.96	340.3	346.86	370.57
Pension & Post-Retirement Benefits	9.21	8.24	7.45	7.76	9.53
Long-Term Deferred Tax Liabilities	-	3.37	3.4	3.73	3.64
Other Long-Term Liabilities	8.34	1.03	0.38	2.18	0.73
Total Liabilities	565.12	501.6	606.1	610.79	655.73
Common Stock	181.29	42.45	42.45	42.45	42.45
Additional Paid-In Capital	-	8.31	9.35	9.83	10.26
Retained Earnings	-	111.66	102.35	56.88	61.64
Treasury Stock	-	-0.62	-0.46	-0.26	-0.16
Comprehensive Income & Other	-	-5.14	-5.79	-3.23	-5.87
Total Common Equity	181.29	156.66	147.9	105.66	108.31
Minority Interest	5.45	0.41	0.54	0.53	0.67
Shareholders' Equity	186.74	157.07	148.43	106.19	108.99
Total Liabilities & Equity	751.86	658.67	754.53	716.98	764.72
Total Debt	344.11	344.02	453.87	485.48	521.11
Net Cash (Debt)	-163.92	-265.69	-317.69	-367.79	-367.06
Net Cash Per Share	-	-3.74	-4.45	-5.13	-5.12
Filing Date Shares Outstanding	-	70.87	71.14	71.47	71.64
Total Common Shares Outstanding	-	70.87	71.14	71.47	71.64
Working Capital	4.27	-45.27	-41.61	-31.78	17.95
Book Value Per Share	-	2.21	2.08	1.48	1.51
Tangible Book Value	62.39	52.61	40.62	-4.57	-5.23
Tangible Book Value Per Share	-	0.74	0.57	-0.06	-0.07
Machinery	-	89.11	110.97	52.6	52.17
Construction In Progress	-	-	5.1	-	-

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