Italian Exhibition Group 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	56.98	47.64	61.59	65.89	50.59	52.65
Cash & Short-Term Investments	56.98	47.64	61.59	65.89	50.59	52.65
Cash Growth	-5.74%	-22.65%	-6.52%	30.24%	-3.92%	87.32%
Accounts Receivable	42.31	44.75	36.84	31	30.04	23.13
Other Receivables	10.27	9.74	4.87	3.85	4.46	4.17
Receivables	52.58	54.49	41.72	34.85	34.5	27.3
Inventory	0.96	1.01	0.92	0.85	0.85	0.73
Other Current Assets	10.89	9.46	6.82	5.41	3.25	2.3
Total Current Assets	121.41	112.6	111.04	106.99	89.2	82.98
Property, Plant & Equipment	243.2	231.66	214.16	196.67	191.32	191.16
Long-Term Investments	25	25	18.99	16	18.25	14.28
Goodwill	47.75	44.33	32.44	28.36	24.86	22.11
Other Intangible Assets	21.39	20.01	17.72	14.64	13.49	12.41
Long-Term Deferred Tax Assets	0.91	1.39	1.08	1.37	4.89	6.74
Other Long-Term Assets	3.27	2.84	1.97	2.99	3.26	0.63
Total Assets	462.93	437.83	397.39	367.02	345.25	330.31
Accounts Payable	69.34	58.09	52.57	43.32	42.81	33.83
Accrued Expenses	9.88	8.63	6.15	4.18	3.96	5.47
Short-Term Debt	-	0.09	0.08	0.08	0.73	2.98
Current Portion of Long-Term Debt	21.53	19.42	18.34	20.61	23.26	24.06
Current Portion of Leases	5.07	3.96	5.74	4.15	4.78	3.35
Current Income Taxes Payable	15.17	4.01	1.26	3.78	0.44	0.02
Current Unearned Revenue	28.58	55.94	55.45	48.44	41.06	25.76
Other Current Liabilities	11.82	12.31	11.03	9.11	7.22	5.04
Total Current Liabilities	161.38	162.46	150.62	133.67	124.26	100.5
Long-Term Debt	83.24	79.97	58.74	75.45	90.22	104.8
Long-Term Leases	36.96	32.68	39.95	36.28	29.52	24.03
Long-Term Unearned Revenue	1.4	1.33	1.47	1.7	1.81	2.02
Other Long-Term Liabilities	5.77	6.59	6.88	13.03	5.13	5.58
Total Liabilities	288.74	283.03	257.66	260.14	250.94	236.93
Common Stock	52.22	52.22	52.22	51.83	52.11	52.22
Additional Paid-In Capital	13.5	13.5	13.49	13.76	13.93	13.95
Retained Earnings	95.04	73.65	51.17	23.55	12.77	12.06
Comprehensive Income & Other	8.54	10.15	20.19	16.97	17.45	16.32
Total Common Equity	169.3	149.52	137.06	106.1	96.25	94.55
Minority Interest	4.89	5.28	2.67	0.78	-1.94	-1.17
Shareholders' Equity	174.19	154.8	139.73	106.89	94.32	93.38
Total Liabilities & Equity	462.93	437.83	397.39	367.02	345.25	330.31
Total Debt	146.79	136.12	122.84	136.58	148.51	159.21
Net Cash (Debt)	-89.81	-88.48	-61.25	-70.69	-97.92	-106.56
Net Cash Per Share	-2.94	-2.90	-2.00	-2.30	-3.17	-3.45
Filing Date Shares Outstanding	30.55	30.55	30.55	30.64	30.8	30.86
Total Common Shares Outstanding	30.55	30.55	30.55	30.64	30.8	30.86
Working Capital	-39.97	-49.86	-39.58	-26.68	-35.06	-17.52
Book Value Per Share	5.54	4.89	4.49	3.46	3.13	3.06
Tangible Book Value	100.16	85.18	86.91	63.1	57.91	60.03
Tangible Book Value Per Share	3.28	2.79	2.85	2.06	1.88	1.95
Land	-	274.79	265.73	268	265.02	305.97
Machinery	-	130.8	126.42	118.16	115.47	113.49
Construction In Progress	-	30.31	8.88	1.98	0.49	3.93