IRCE 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	17.95	13.86	14.17	5.61	10.68
Cash & Short-Term Investments	17.95	13.86	14.17	5.61	10.68
Cash Growth	29.53%	-2.17%	152.62%	-47.48%	4.07%
Accounts Receivable	56.95	54.08	67.16	61.5	91.92
Other Receivables	0.32	5.43	4.6	7.18	1.05
Receivables	57.26	59.51	71.75	68.68	92.97
Inventory	103.5	94.35	94.5	117.99	104.99
Other Current Assets	3.99	0.41	0.37	1.64	1.32
Total Current Assets	182.71	168.13	180.79	193.92	209.96
Property, Plant & Equipment	99.93	86.4	59.17	51.61	44.19
Long-Term Investments	0.01	0.01	0.01	0.01	0.12
Other Intangible Assets	0.06	0.05	0.14	0.05	0.06
Long-Term Deferred Tax Assets	4.14	2.5	2.5	2.36	2
Other Long-Term Assets	-	-	1.2	2.81	-
Total Assets	286.83	257.09	243.79	250.76	256.32
Accounts Payable	30.4	26.01	33.21	27.24	30.4
Accrued Expenses	1.71	9.35	9.11	6.28	8.42
Short-Term Debt	-	17.4	20.4	40.97	53.45
Current Portion of Long-Term Debt	46.36	5.08	6.06	5.27	4.24
Current Portion of Leases	-	0.12	0.06	0.12	0.1
Current Income Taxes Payable	1.22	1.28	1.5	0.56	2.99
Other Current Liabilities	7.49	4.69	1.66	1.68	1.82
Total Current Liabilities	87.18	63.93	72	82.13	101.42
Long-Term Debt	39.48	37.77	13.5	19.6	17.68
Long-Term Leases	-	0.26	0.17	0.17	0.17
Pension & Post-Retirement Benefits	3.4	3.69	3.67	3.45	4.84
Long-Term Deferred Tax Liabilities	0.25	0.28	0.29	0.34	0.09
Other Long-Term Liabilities	0.56	0.56	0.85	0.28	0.17
Total Liabilities	130.87	106.48	90.46	105.97	124.36
Common Stock	13.74	14.63	14.63	14.63	14.63
Additional Paid-In Capital	-	40.34	40.41	40.47	40.47
Retained Earnings	6.18	86.77	81.46	74.82	66.92
Treasury Stock	-	-0.87	-0.85	-0.83	-0.83
Comprehensive Income & Other	136.35	10.07	18	16.02	11.07
Total Common Equity	156.26	150.92	153.65	145.11	132.27
Minority Interest	-0.3	-0.31	-0.32	-0.33	-0.31
Shareholders' Equity	155.96	150.62	153.33	144.79	131.96
Total Liabilities & Equity	286.83	257.09	243.79	250.76	256.32
Total Debt	85.84	60.63	40.19	66.14	75.64
Net Cash (Debt)	-67.89	-46.77	-26.02	-60.54	-64.96
Net Cash Per Share	-2.57	-1.77	-0.98	-2.28	-2.45
Filing Date Shares Outstanding	26.27	26.44	26.47	26.54	26.54
Total Common Shares Outstanding	26.27	26.45	26.5	26.54	26.54
Working Capital	95.53	104.2	108.79	111.79	108.54
Book Value Per Share	5.95	5.71	5.80	5.47	4.98
Tangible Book Value	156.21	150.87	153.51	145.06	132.21
Tangible Book Value Per Share	5.95	5.70	5.79	5.47	4.98

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