GVS 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	78.69	102.99	191.47	135.17	136.89
Short-Term Investments	2.64	30.86	2.32	4.59	8.16
Cash & Short-Term Investments	81.33	133.85	193.79	139.76	145.06
Cash Growth	-39.24%	-30.93%	38.66%	-3.65%	11.63%
Accounts Receivable	53.21	56.93	55.08	74.15	54.65
Other Receivables	20.14	19.95	17.94	15.48	14.36
Receivables	73.35	76.88	73.02	89.63	69.02
Inventory	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	1.8	0.89	0.79	1.41	1.66
Total Current Assets	248.63	294.11	354.08	339.22	289.84
Property, Plant & Equipment	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	183.36	208.88	217.91	239.58	122.48
Long-Term Deferred Tax Assets	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	1.83	5.02	10.95	11.41	1.09
Total Assets	875.05	930.35	983.12	993.05	608.57
Accounts Payable	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	8.98	8.03	7.38	8.31	4.76
Current Income Taxes Payable	3.72	10.16	8.13	2.66	3.05
Current Unearned Revenue	7.82	7.01	7.21	7.31	3.47
Other Current Liabilities	7.65	20.28	18.65	0.46	20.1
Total Current Liabilities	206.44	171.21	212.37	536.57	111.59
Long-Term Debt	177.74	246.02	351.34	10.99	180.16
Long-Term Leases	13.32	14.14	13.16	16.9	6.77
Pension & Post-Retirement Benefits	2.83	2.92	3.12	4.63	4.37
Long-Term Deferred Tax Liabilities	32.32	29.94	35.45	46.09	5.68
Other Long-Term Liabilities	5.22	14.89	33.21	50.2	4.65
Total Liabilities	437.87	479.12	648.65	665.38	313.22
Common Stock	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	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	-23.09	1.32	-7.43	-0.73	-3.36
Total Common Equity	437.16	451.18	334.45	327.63	295.31
Minority Interest	0.03	0.05	0.03	0.05	0.04
Shareholders' Equity	437.18	451.23	334.48	327.67	295.35
Total Liabilities & Equity	875.05	930.35	983.12	993.05	608.57
Total Debt	311.28	325.41	479.61	474.44	233.4
Net Cash (Debt)	-229.96	-191.56	-285.83	-334.68	-88.35
Net Cash Per Share	-1.22	-1.09	-1.64	-1.92	-0.51
Filing Date Shares Outstanding	186.73	188.88	174.76	174.55	174.55
Total Common Shares Outstanding	186.73	188.88	174.76	174.55	174.69
Working Capital	42.19	122.9	141.71	-197.34	178.25
Book Value Per Share	2.34	2.39	1.91	1.88	1.69
Tangible Book Value	17.31	-6.97	-126.22	-158.62	74.45
Tangible Book Value Per Share	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

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