Seco 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	66.66	72.59	74.82	39.59	58.83
Short-Term Investments	2.03	-	-	-	-
Cash & Short-Term Investments	68.69	72.59	74.82	39.59	58.83
Cash Growth	-5.37%	-2.98%	89.00%	-32.70%	148.44%
Accounts Receivable	40.4	31.89	49.49	49.23	36.7
Other Receivables	11.41	10.01	11.54	7.17	8.5
Receivables	51.81	41.9	61.03	56.41	45.19
Inventory	64.62	72.65	85.83	83.28	61.69
Prepaid Expenses	-	1.32	1.81	0.94	0.87
Other Current Assets	-0	0.46	0.19	0.04	0.5
Total Current Assets	185.12	188.91	223.67	180.24	167.07
Property, Plant & Equipment	31.55	27.1	28.48	26.08	26.69
Long-Term Investments	6.84	3.93	2.92	1.77	1.77
Goodwill	157.11	157.11	165.22	165.51	148.48
Other Intangible Assets	101.3	73.22	78.76	78.59	39.87
Long-Term Deferred Tax Assets	2.51	3.05	2.29	2.52	2.25
Long-Term Deferred Charges	-	29.17	25.26	23.45	16.5
Other Long-Term Assets	1.67	8.44	11.91	17.07	0.87
Total Assets	486.08	490.93	538.5	495.23	403.5
Accounts Payable	34.88	31.71	36.4	44.01	39.95
Accrued Expenses	-	7.25	8.95	8.08	8.95
Short-Term Debt	4.7	8.02	11.03	21.68	11.5
Current Portion of Long-Term Debt	10.31	10.21	11.21	9.71	10.2
Current Portion of Leases	2.39	2.36	2.13	1.72	1.55
Current Income Taxes Payable	2.23	2.83	9.33	3.87	1.85
Current Unearned Revenue	-	2.66	1.51	1.44	1.68
Other Current Liabilities	10.11	0.94	1.27	2.74	3.35
Total Current Liabilities	64.62	65.98	81.83	93.24	79.02
Long-Term Debt	92.51	97.73	106.93	129.21	138.08
Long-Term Leases	6.04	6.75	8.6	6.08	6.96
Pension & Post-Retirement Benefits	3.47	3.73	3.31	2.83	3.07
Long-Term Deferred Tax Liabilities	23.77	23.72	24.08	25.91	12.03
Other Long-Term Liabilities	1.22	1.29	1.24	1.41	1.34
Total Liabilities	191.62	199.2	226	258.68	240.5
Common Stock	1.3	1.3	1.3	1.15	1.07
Additional Paid-In Capital	232.04	232.04	232.04	168.54	118.98
Retained Earnings	-2.41	-20.75	12.15	11.33	4.44
Treasury Stock	-	-4.14	-4.14	-8.33	-3.69
Comprehensive Income & Other	41.8	63.46	49.27	43.08	24.59
Total Common Equity	272.72	271.91	290.62	215.78	145.4
Minority Interest	21.74	19.82	21.88	20.77	17.61
Shareholders' Equity	294.47	291.73	312.5	236.55	163
Total Liabilities & Equity	486.08	490.93	538.5	495.23	403.5
Total Debt	115.94	125.08	139.9	168.39	168.3
Net Cash (Debt)	-47.25	-52.49	-65.08	-128.8	-109.47
Net Cash Per Share	-	-0.36	-0.49	-1.09	-1.45
Filing Date Shares Outstanding	-	132.45	132.45	117.62	110.04
Total Common Shares Outstanding	-	132.45	132.45	117.62	110.04
Working Capital	120.5	122.93	141.84	87.01	88.06
Book Value Per Share	-	2.05	2.19	1.83	1.32
Tangible Book Value	14.32	41.58	46.64	-28.32	-42.96
Tangible Book Value Per Share	-	0.31	0.35	-0.24	-0.39
Land	-	7.25	5.88	5.88	5.06
Machinery	-	15.58	15.08	14.47	13.76
Construction In Progress	-	1.15	0.63	0.2	0.18

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