FNM S.p.A. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	399.58	413.52	499.45	395.25	236.93	351.83
Short-Term Investments	0.5	1.03	0.1	0.23	-	6.31
Trading Asset Securities	-	-	0.03	-	6.77	7
Cash & Short-Term Investments	400.08	414.55	499.57	395.48	243.7	365.15
Cash Growth	-5.75%	-17.02%	26.32%	62.28%	-33.26%	44.13%
Accounts Receivable	227.59	221.87	167.19	182.13	153.66	133.6
Other Receivables	198.73	243.4	296.8	235.87	286.14	34.3
Receivables	429.83	468.66	467.59	419.95	440.28	306.29
Inventory	23.12	20.36	15.72	13.12	12.11	9.5
Other Current Assets	65.87	60.96	81.24	112.41	135.81	90.21
Total Current Assets	918.89	964.52	1,064	940.95	831.89	771.15
Property, Plant & Equipment	693.97	632.7	589.07	500.79	500.73	475.35
Long-Term Investments	210.17	208.82	190.63	174.74	172.83	159.65
Goodwill	29.21	29.21	39.42	-	-	3.44
Other Intangible Assets	203.93	242.41	319.04	307.7	340.04	269.57
Long-Term Accounts Receivable	76.19	70.58	38.25	77.9	77.21	145.09
Long-Term Deferred Tax Assets	36.75	36.85	34.16	36.65	32.66	35.77
Other Long-Term Assets	25.24	8.4	7.82	7.56	7.88	7.35
Total Assets	2,267	2,281	2,351	2,112	2,020	1,920

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	377.77	414.14	543.8	513.69	470.69	372.33
Accrued Expenses	50.04	39.28	40.32	36.2	36.49	35.19
Short-Term Debt	-	-	-	-	35.56	57.84
Current Portion of Long-Term Debt	950.1	960.66	297.56	142.81	99.11	137.85
Current Portion of Leases	7.49	8.76	6.94	7.96	7.75	6.95
Current Income Taxes Payable	5.25	7.04	0.34	3.54	8.13	0.94
Current Unearned Revenue	5.2	7.39	7.22	6.3	6.29	5.29
Other Current Liabilities	142.62	127.09	125.63	133.31	101.7	77.16
Total Current Liabilities	1,538	1,564	1,022	843.81	765.7	693.55
Long-Term Debt	139.14	133.16	798.15	773.8	813.9	843.37
Long-Term Leases	16.32	21.6	17.91	12.97	18.03	22.79
Long-Term Deferred Tax Liabilities	1.33	1.68	2.95	-	-	-
Other Long-Term Liabilities	60.83	69.53	99.38	105.74	115.01	131.46
Total Liabilities	1,756	1,790	1,940	1,736	1,713	1,691

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	230	230	230	230	230	230
Retained Earnings	235.63	212.79	136.66	118.65	45.76	-22.72
Comprehensive Income & Other	8.63	8.77	7.66	6.68	8.18	-0.46
Total Common Equity	474.26	451.56	374.31	355.33	283.93	206.82
Minority Interest	36.78	38.93	36.19	20.83	22.98	21.51
Shareholders' Equity	511.04	490.49	410.5	376.16	306.91	228.33
Total Liabilities & Equity	2,267	2,281	2,351	2,112	2,020	1,920

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,113	1,124	1,121	937.54	974.34	1,069
Net Cash (Debt)	-712.97	-709.63	-620.99	-542.06	-730.65	-703.67
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.64	-1.63	-1.43	-1.25	-1.68	-1.62
Filing Date Shares Outstanding	434.9	434.9	434.9	434.9	434.9	434.9
Total Common Shares Outstanding	434.9	434.9	434.9	434.9	434.9	434.9
Working Capital	-619.58	-599.83	42.32	97.15	66.18	77.6
Book Value Per Share	1.09	1.04	0.86	0.82	0.65	0.48
Tangible Book Value	241.12	179.93	15.85	47.63	-56.11	-66.19
Tangible Book Value Per Share	0.55	0.41	0.04	0.11	-0.13	-0.15
Land	69.47	64.71	64.16	48.39	48.1	52.65
Machinery	349.02	324.02	292.65	208.84	199.3	208.21
Construction In Progress	74.89	84.22	61.73	50.42	51.72	41.36