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	5.96	5.89	36.34	35.72	5.8
Cash & Short-Term Investments	186.14	78.33	136.18	117.69	154.05
Cash Growth	137.64%	-42.48%	15.72%	-23.60%	653.58%
Accounts Receivable	40.95	45.4	34.85	29.43	25.25
Other Receivables	23.12	5.33	4.53	2.88	3.93
Receivables	67.11	62.62	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	0.54	0.44	1.19	3.65	1.97
Total Current Assets	257.38	149.23	182.33	157.61	190.99
Property, Plant & Equipment	304.98	316.05	373.47	372.49	398.32
Long-Term Investments	55.75	51.27	50.62	29.67	15.82
Goodwill	97.59	95.04	95.04	95.04	95.04
Other Intangible Assets	12.52	9.02	12.24	15.2	18.51
Long-Term Deferred Tax Assets	10.26	10.88	10.31	11.17	14.01
Long-Term Deferred Charges	8.8	-	-	-	-
Other Long-Term Assets	13.57	27.18	30.46	35.74	31.96
Total Assets	760.85	658.67	754.53	716.98	764.72
Accounts Payable	82.46	70.49	67.11	51.12	51.32
Accrued Expenses	53.53	15.7	14.7	10.79	8.94
Short-Term Debt	-	-	-	0.13	9.56
Current Portion of Long-Term Debt	5.77	8.88	28.01	27.74	1.37
Current Portion of Leases	43.88	40.68	54.93	49.89	41.38
Current Income Taxes Payable	2.18	0.22	1.29	0.5	0.94
Current Unearned Revenue	43.02	40.32	39.87	29.88	35.89
Other Current Liabilities	22.28	17.58	18.03	19.35	23.64
Total Current Liabilities	253.12	193.87	223.94	189.39	173.04
Long-Term Debt	13.09	3.5	30.63	60.87	98.23
Long-Term Leases	277.29	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	6.11	3.37	3.4	3.73	3.64
Other Long-Term Liabilities	15.29	1.66	0.38	2.18	0.73
Total Liabilities	574.11	501.6	606.1	610.79	655.73
Common Stock	42.45	42.45	42.45	42.45	42.45
Additional Paid-In Capital	8.23	8.31	9.35	9.83	10.26
Retained Earnings	147.55	111.66	102.35	56.88	61.64
Treasury Stock	-0.59	-0.62	-0.46	-0.26	-0.16
Comprehensive Income & Other	-16.35	-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	760.85	658.67	754.53	716.98	764.72
Total Debt	340.03	344.02	453.87	485.48	521.11
Net Cash (Debt)	-153.89	-265.69	-317.69	-367.79	-367.06
Net Cash Per Share	-2.17	-3.74	-4.45	-5.13	-5.12
Filing Date Shares Outstanding	70.92	70.87	71.14	71.47	71.64
Total Common Shares Outstanding	70.92	70.87	71.14	71.47	71.64
Working Capital	4.27	-44.64	-41.61	-31.78	17.95
Book Value Per Share	2.56	2.21	2.08	1.48	1.51
Tangible Book Value	71.18	52.61	40.62	-4.57	-5.23
Tangible Book Value Per Share	1.00	0.74	0.57	-0.06	-0.07
Land	0.01	-	-	-	-
Machinery	53.06	53.04	110.97	52.6	52.17
Construction In Progress	-	-	5.1	-	-

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