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	410.2	499.45	395.25	236.93	351.83
Short-Term Investments	-	0.1	0.23	-	6.31
Trading Asset Securities	-	0.03	-	6.77	7
Cash & Short-Term Investments	410.2	499.57	395.48	243.7	365.15
Cash Growth	-17.89%	26.32%	62.28%	-33.26%	44.13%
Accounts Receivable	221.7	167.19	182.13	153.66	133.6
Other Receivables	303.9	296.8	235.87	286.14	34.3
Receivables	525.6	467.59	419.95	440.28	306.29
Inventory	20.4	15.72	13.12	12.11	9.5
Other Current Assets	5.1	81.24	112.41	135.81	90.21
Total Current Assets	961.3	1,064	940.95	831.89	771.15
Property, Plant & Equipment	904.3	589.07	500.79	500.73	475.35
Long-Term Investments	204.5	190.63	174.74	172.83	159.65
Goodwill	-	39.42	-	-	3.44
Other Intangible Assets	-	319.04	307.7	340.04	269.57
Long-Term Accounts Receivable	-	38.25	77.9	77.21	145.09
Long-Term Deferred Tax Assets	-	34.16	36.65	32.66	35.77
Other Long-Term Assets	207.4	7.82	7.56	7.88	7.35
Total Assets	2,278	2,351	2,112	2,020	1,920
Accounts Payable	414.1	543.8	513.69	470.69	372.33
Accrued Expenses	-	40.32	36.2	36.49	35.19
Short-Term Debt	-	-	-	35.56	57.84
Current Portion of Long-Term Debt	964.2	297.56	142.81	99.11	137.85
Current Portion of Leases	-	6.94	7.96	7.75	6.95
Current Income Taxes Payable	-	0.34	3.54	8.13	0.94
Current Unearned Revenue	-	7.22	6.3	6.29	5.29
Other Current Liabilities	182.7	125.63	133.31	101.7	77.16
Total Current Liabilities	1,561	1,022	843.81	765.7	693.55
Long-Term Debt	126.9	798.15	773.8	813.9	843.37
Long-Term Leases	-	17.91	12.97	18.03	22.79
Long-Term Deferred Tax Liabilities	-	2.95	-	-	-
Other Long-Term Liabilities	99.1	99.38	105.74	115.01	131.46
Total Liabilities	1,787	1,940	1,736	1,713	1,691
Common Stock	490.5	230	230	230	230
Retained Earnings	-	136.66	118.65	45.76	-22.72
Comprehensive Income & Other	-	7.66	6.68	8.18	-0.46
Total Common Equity	490.5	374.31	355.33	283.93	206.82
Minority Interest	-	36.19	20.83	22.98	21.51
Shareholders' Equity	490.5	410.5	376.16	306.91	228.33
Total Liabilities & Equity	2,278	2,351	2,112	2,020	1,920
Total Debt	1,091	1,121	937.54	974.34	1,069
Net Cash (Debt)	-680.9	-620.99	-542.06	-730.65	-703.67
Net Cash Per Share	-	-1.43	-1.25	-1.68	-1.62
Filing Date Shares Outstanding	-	434.9	434.9	434.9	434.9
Total Common Shares Outstanding	-	434.9	434.9	434.9	434.9
Working Capital	-599.7	42.32	97.15	66.18	77.6
Book Value Per Share	-	0.86	0.82	0.65	0.48
Tangible Book Value	490.5	15.85	47.63	-56.11	-66.19
Tangible Book Value Per Share	-	0.04	0.11	-0.13	-0.15
Land	-	64.16	48.39	48.1	52.65
Machinery	-	292.65	208.84	199.3	208.21
Construction In Progress	-	61.73	50.42	51.72	41.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.