GVS S.p.A. 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	101.56	78.69	102.99	191.47	135.17	136.89
Short-Term Investments	2.96	2.64	30.86	2.32	4.59	8.16
Cash & Short-Term Investments	104.52	81.33	133.85	193.79	139.76	145.06
Cash Growth	79.59%	-39.24%	-30.93%	38.66%	-3.65%	11.63%
Accounts Receivable	66.55	53.21	56.93	55.08	74.15	54.65
Other Receivables	21.55	20.14	19.95	17.94	15.48	14.36
Receivables	88.09	73.35	76.88	73.02	89.63	69.02
Inventory	98.57	90.4	80.54	84.81	106.92	72.35
Prepaid Expenses	-	1.76	1.94	1.68	1.5	1.75
Other Current Assets	0.61	1.8	0.89	0.79	1.41	1.66
Total Current Assets	291.79	248.63	294.11	354.08	339.22	289.84
Property, Plant & Equipment	189.94	188.85	157.39	143.09	143.57	88.38
Long-Term Investments	-	0.03	0.03	0.03	0.04	0.02
Goodwill	-	236.48	249.27	242.76	246.66	98.38
Other Intangible Assets	438.33	183.36	208.88	217.91	239.58	122.48
Long-Term Deferred Tax Assets	1.36	1.37	0.86	2.85	3.49	1.5
Long-Term Deferred Charges	-	14.5	14.79	11.03	8.6	6.88
Other Long-Term Assets	3.43	1.83	5.02	10.95	11.41	1.09
Total Assets	924.85	875.05	930.35	983.12	993.05	608.57
Accounts Payable	44.36	42.63	42.54	38.45	57.94	23.82
Accrued Expenses	-	24.39	25.96	24.82	21.64	14.69
Short-Term Debt	-	0.59	1.15	2.18	228.81	0.55
Current Portion of Long-Term Debt	-	110.66	56.07	105.55	209.43	41.16
Current Portion of Leases	8.51	8.98	8.03	7.38	8.31	4.76
Current Income Taxes Payable	3.81	3.72	10.16	8.13	2.66	3.05
Current Unearned Revenue	3.65	7.82	7.01	7.21	7.31	3.47
Other Current Liabilities	101.76	7.65	20.28	18.65	0.46	20.1
Total Current Liabilities	162.1	206.44	171.21	212.37	536.57	111.59
Long-Term Debt	254.16	177.74	246.02	351.34	10.99	180.16
Long-Term Leases	12.56	13.32	14.14	13.16	16.9	6.77
Pension & Post-Retirement Benefits	2.89	2.83	2.92	3.12	4.63	4.37
Long-Term Deferred Tax Liabilities	32.89	32.32	29.94	35.45	46.09	5.68
Other Long-Term Liabilities	4.97	5.22	14.89	33.21	50.2	4.65
Total Liabilities	469.58	437.87	479.12	648.65	665.38	313.22
Common Stock	1.89	1.89	1.89	1.75	1.75	1.75
Additional Paid-In Capital	-	167.49	167.49	92.77	92.77	92.77
Retained Earnings	11.42	303.97	283.31	249.89	238.69	207.59
Treasury Stock	-	-13.1	-2.84	-2.52	-4.85	-3.45
Comprehensive Income & Other	441.94	-23.09	1.32	-7.43	-0.73	-3.36
Total Common Equity	455.25	437.16	451.18	334.45	327.63	295.31
Minority Interest	0.02	0.03	0.05	0.03	0.05	0.04
Shareholders' Equity	455.27	437.18	451.23	334.48	327.67	295.35
Total Liabilities & Equity	924.85	875.05	930.35	983.12	993.05	608.57
Total Debt	275.24	311.28	325.41	479.61	474.44	233.4
Net Cash (Debt)	-170.72	-229.96	-191.56	-285.83	-334.68	-88.35
Net Cash Per Share	-0.90	-1.22	-1.09	-1.64	-1.92	-0.51
Filing Date Shares Outstanding	190.38	186.73	188.88	174.76	174.55	174.55
Total Common Shares Outstanding	190.38	186.73	188.88	174.76	174.55	174.69
Working Capital	129.69	42.19	122.9	141.71	-197.34	178.25
Book Value Per Share	2.39	2.34	2.39	1.91	1.88	1.69
Tangible Book Value	16.92	17.31	-6.97	-126.22	-158.62	74.45
Tangible Book Value Per Share	0.09	0.09	-0.04	-0.72	-0.91	0.43
Land	-	54.92	30.55	26.53	26.95	-
Machinery	-	252.29	250.46	240.05	227.83	167.65
Construction In Progress	-	28.51	31.09	24.33	20.95	13.1
Leasehold Improvements	-	18.03	13.75	14.11	13.39	9.5