FNM S.p.A. 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	413.52	499.45	395.25	236.93	351.83
Short-Term Investments	1.03	0.1	0.23	-	6.31
Trading Asset Securities	-	0.03	-	6.77	7
Cash & Short-Term Investments	414.55	499.57	395.48	243.7	365.15
Cash Growth	-17.02%	26.32%	62.28%	-33.26%	44.13%
Accounts Receivable	221.87	167.19	182.13	153.66	133.6
Other Receivables	243.4	296.8	235.87	286.14	34.3
Receivables	468.66	467.59	419.95	440.28	306.29
Inventory	20.36	15.72	13.12	12.11	9.5
Other Current Assets	60.96	81.24	112.41	135.81	90.21
Total Current Assets	964.52	1,064	940.95	831.89	771.15
Property, Plant & Equipment	632.7	589.07	500.79	500.73	475.35
Long-Term Investments	208.82	190.63	174.74	172.83	159.65
Goodwill	29.21	39.42	-	-	3.44
Other Intangible Assets	242.41	319.04	307.7	340.04	269.57
Long-Term Accounts Receivable	70.58	38.25	77.9	77.21	145.09
Long-Term Deferred Tax Assets	36.85	34.16	36.65	32.66	35.77
Other Long-Term Assets	8.4	7.82	7.56	7.88	7.35
Total Assets	2,281	2,351	2,112	2,020	1,920
Accounts Payable	414.14	543.8	513.69	470.69	372.33
Accrued Expenses	39.28	40.32	36.2	36.49	35.19
Short-Term Debt	-	-	-	35.56	57.84
Current Portion of Long-Term Debt	960.66	297.47	142.81	99.11	137.85
Current Portion of Leases	8.76	6.94	7.96	7.75	6.95
Current Income Taxes Payable	7.04	0.34	3.54	8.13	0.94
Current Unearned Revenue	7.39	7.22	6.3	6.29	5.29
Other Current Liabilities	127.09	125.72	133.31	101.7	77.16
Total Current Liabilities	1,564	1,022	843.81	765.7	693.55
Long-Term Debt	133.16	798.15	773.8	813.9	843.37
Long-Term Leases	21.6	17.91	12.97	18.03	22.79
Long-Term Deferred Tax Liabilities	1.68	2.95	-	-	-
Other Long-Term Liabilities	69.53	99.38	105.74	115.01	131.46
Total Liabilities	1,790	1,940	1,736	1,713	1,691
Common Stock	230	230	230	230	230
Retained Earnings	212.79	136.66	118.65	45.76	-22.72
Comprehensive Income & Other	8.77	7.66	6.68	8.18	-0.46
Total Common Equity	451.56	374.31	355.33	283.93	206.82
Minority Interest	38.93	36.19	20.83	22.98	21.51
Shareholders' Equity	490.49	410.5	376.16	306.91	228.33
Total Liabilities & Equity	2,281	2,351	2,112	2,020	1,920
Total Debt	1,124	1,120	937.54	974.34	1,069
Net Cash (Debt)	-709.63	-620.9	-542.06	-730.65	-703.67
Net Cash Per Share	-1.63	-1.43	-1.25	-1.68	-1.62
Filing Date Shares Outstanding	434.9	434.9	434.9	434.9	434.9
Total Common Shares Outstanding	434.9	434.9	434.9	434.9	434.9
Working Capital	-599.83	42.32	97.15	66.18	77.6
Book Value Per Share	1.04	0.86	0.82	0.65	0.48
Tangible Book Value	179.93	15.85	47.63	-56.11	-66.19
Tangible Book Value Per Share	0.41	0.04	0.11	-0.13	-0.15
Land	64.71	64.16	48.39	48.1	52.65
Machinery	324.02	292.65	208.84	199.3	208.21
Construction In Progress	84.22	61.73	50.42	51.72	41.36

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