Seco 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	60.56	66.66	72.59	74.82	39.59	58.83
Short-Term Investments	1.16	2.03	-	-	-	-
Cash & Short-Term Investments	61.72	68.69	72.59	74.82	39.59	58.83
Cash Growth	10.47%	-5.37%	-2.98%	89.00%	-32.70%	148.44%
Accounts Receivable	51.37	40.4	31.89	49.49	49.23	36.7
Other Receivables	12.16	9.86	10.01	11.54	7.17	8.5
Receivables	63.53	50.26	41.9	61.03	56.41	45.19
Inventory	82.43	64.62	72.65	85.83	83.28	61.69
Prepaid Expenses	1.55	1.4	1.32	1.81	0.94	0.87
Other Current Assets	0.34	0.15	0.46	0.19	0.04	0.5
Total Current Assets	209.57	185.12	188.91	223.67	180.24	167.07
Property, Plant & Equipment	32.22	31.55	27.1	28.48	26.08	26.69
Long-Term Investments	1.9	1.81	3.93	2.92	1.77	1.77
Goodwill	157.11	157.11	157.11	165.22	165.51	148.48
Other Intangible Assets	71.84	69.18	73.22	78.76	78.59	39.87
Long-Term Deferred Tax Assets	2.47	2.51	3.05	2.29	2.52	2.25
Long-Term Deferred Charges	31.17	32.12	29.17	25.26	23.45	16.5
Other Long-Term Assets	6.72	6.7	8.44	11.91	17.07	0.87
Total Assets	512.99	486.08	490.93	538.5	495.23	403.5

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	50.74	34.88	31.71	36.4	44.01	39.95
Accrued Expenses	9.51	8.21	9.43	8.95	8.08	8.95
Short-Term Debt	8.54	4.7	8.02	11.03	21.68	11.5
Current Portion of Long-Term Debt	14.16	10.31	10.21	11.21	9.71	10.2
Current Portion of Leases	2.41	2.39	2.36	2.13	1.72	1.55
Current Income Taxes Payable	2.13	1.59	0.65	9.33	3.87	1.85
Current Unearned Revenue	1.08	1.37	2.66	1.51	1.44	1.68
Other Current Liabilities	1.64	1.17	0.94	1.27	2.74	3.35
Total Current Liabilities	90.2	64.62	65.98	81.83	93.24	79.02
Long-Term Debt	90.18	92.51	97.73	106.93	129.21	138.08
Long-Term Leases	4.94	6.04	6.75	8.6	6.08	6.96
Pension & Post-Retirement Benefits	3.66	3.47	3.73	3.31	2.83	3.07
Long-Term Deferred Tax Liabilities	23.12	23.77	23.72	24.08	25.91	12.03
Other Long-Term Liabilities	1.23	1.22	1.29	1.24	1.41	1.34
Total Liabilities	213.33	191.62	199.2	226	258.68	240.5

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	1.3	1.3	1.3	1.3	1.15	1.07
Additional Paid-In Capital	232.04	232.04	232.04	232.04	168.54	118.98
Retained Earnings	-0.08	-2.41	-20.75	12.15	11.33	4.44
Treasury Stock	-4.14	-4.14	-4.14	-4.14	-8.33	-3.69
Comprehensive Income & Other	45.52	45.93	63.46	49.27	43.08	24.59
Total Common Equity	274.64	272.72	271.91	290.62	215.78	145.4
Minority Interest	25.03	21.74	19.82	21.88	20.77	17.61
Shareholders' Equity	299.67	294.47	291.73	312.5	236.55	163
Total Liabilities & Equity	512.99	486.08	490.93	538.5	495.23	403.5

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	120.23	115.94	125.08	139.9	168.39	168.3
Net Cash (Debt)	-58.51	-47.25	-52.49	-65.08	-128.8	-109.47
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.44	-0.32	-0.36	-0.49	-1.09	-1.45
Filing Date Shares Outstanding	132.5	132.5	132.45	132.45	117.62	110.04
Total Common Shares Outstanding	132.5	132.5	132.45	132.45	117.62	110.04
Working Capital	119.37	120.5	122.93	141.84	87.01	88.06
Book Value Per Share	2.07	2.06	2.05	2.19	1.83	1.32
Tangible Book Value	45.69	46.43	41.58	46.64	-28.32	-42.96
Tangible Book Value Per Share	0.34	0.35	0.31	0.35	-0.24	-0.39
Land	9.49	7.25	7.25	5.88	5.88	5.06
Machinery	21.08	16.35	15.58	15.08	14.47	13.76
Construction In Progress	3.92	7.94	1.15	0.63	0.2	0.18