Fiera Milano Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	142.43	180.18	72.44	99.84	81.97	148.25
Short-Term Investments	-	8.99	17.78	39.66	36.42	8.21
Cash & Short-Term Investments	142.43	189.17	90.22	139.5	118.39	156.46
Cash Growth	-	109.68%	-35.33%	17.83%	-24.33%	618.94%
Accounts Receivable	89.8	64.61	51.16	40.57	33.4	31.13
Inventory	6.04	3.6	7.84	2.26	3.14	3.28
Other Current Assets	-	-	-	-	2.67	0.13
Total Current Assets	95.84	257.38	149.23	182.33	154.94	190.87
Net Property, Plant & Equipment	298.51	304.98	316.05	373.47	372.49	398.32
Other Intangible Assets	21.45	21.32	9.02	12.24	15.2	18.51
Goodwill	117.99	97.59	95.04	95.04	95.04	95.04
Long-Term Investments	0.01	55.75	51.27	51.68	32.06	15.89
Other Long-Term Assets	78.4	23.83	38.07	39.78	44.6	45.97
Total Assets	612.19	760.85	658.67	754.53	716.98	764.72
Accounts Payable	77.95	82.29	69.89	65.27	50.32	50.57
Accrued Expenses	5.23	4.11	1.98	2.87	2.61	4.96
Short-Term Debt	-	5.35	8.45	27.5	27.25	0.94
Current Portion of Long-Term Debt	-	0.43	0.43	0.51	0.62	9.99
Current Portion of Leases	-	43.88	40.68	54.93	49.89	41.38
Unearned Revenue	67.61	42.99	40.31	39.84	29.87	35.89
Other Current Liabilities	71.37	74.08	32.13	33.02	28.84	29.32
Total Current Liabilities	222.16	253.12	193.87	223.94	186.72	172.91
Long-Term Debt	308.68	26.16	3.5	30.63	62.55	98.23
Long-Term Leases	-	277.29	290.96	340.3	346.86	370.57
Other Long-Term Liabilities	17.99	17.54	13.27	11.23	12	13.9
Total Long-Term Liabilities	17.99	320.99	307.73	382.16	421.4	482.69
Total Liabilities	240.15	574.11	501.6	606.1	608.12	655.61
Common Stock	-	41.86	41.83	41.99	42.18	42.28
Additional Paid-in Capital	-	8.23	8.31	9.35	9.83	10.26
Accumulated Other Comprehensive Income	-	-7.86	3.35	2.7	5.26	2.62
Retained Earnings	-	139.06	103.17	93.86	48.39	53.15
Total Common Shareholders' Equity	196.25	181.29	156.66	147.9	105.66	108.31
Minority Interest	7.18	5.45	0.41	0.54	0.53	0.67
Shareholders' Equity	203.43	186.74	157.07	148.43	106.19	108.99
Total Liabilities & Equity	443.58	760.85	658.67	754.53	714.31	764.59
Total Debt	308.68	353.1	344.02	453.87	487.16	521.11
Net Cash (Debt)	-166.25	-163.92	-253.8	-314.37	-368.77	-364.65
Net Cash Per Share	-2.34	-2.31	-3.57	-4.41	-5.15	-5.09
Book Value	196.25	181.29	156.66	147.9	105.66	108.31
Book Value Per Share	2.77	2.55	2.20	2.07	1.48	1.51
Tangible Book Value	56.82	62.39	52.61	40.62	-4.57	-5.23
Tangible Book Value Per Share	0.80	0.88	0.74	0.57	-0.06	-0.07