IRCE S.p.A. Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	9.34	13.86	14.17	5.61	10.68	10.26
Cash & Short-Term Investments	9.34	13.86	14.17	5.61	10.68	10.26
Cash Growth	-36.22%	-2.17%	152.62%	-47.48%	4.07%	18.87%
Accounts Receivable	56.48	54.08	67.16	61.5	91.92	73.91
Other Receivables	1.51	5.43	4.6	7.18	1.05	1.94
Receivables	58	59.51	71.75	68.68	92.97	75.85
Inventory	113.4	94.35	94.5	117.99	104.99	76.23
Other Current Assets	2.03	0.41	0.37	1.64	1.32	1.9
Total Current Assets	182.76	168.13	180.79	193.92	209.96	164.24
Property, Plant & Equipment	97.92	86.4	59.17	51.61	44.19	43.38
Long-Term Investments	0.01	0.01	0.01	0.01	0.12	0.1
Other Intangible Assets	0.05	0.05	0.14	0.05	0.06	0.13
Long-Term Deferred Tax Assets	2.98	2.5	2.5	2.36	2	1.39
Other Long-Term Assets	0.41	-	1.2	2.81	-	0.13
Total Assets	284.13	257.09	243.79	250.76	256.32	209.37
Accounts Payable	40.3	26.01	33.21	27.24	30.4	21.2
Accrued Expenses	9.03	9.35	9.11	6.28	8.42	6.26
Short-Term Debt	26.91	17.4	20.4	40.97	53.45	28.21
Current Portion of Long-Term Debt	4.22	5.08	6.06	5.27	4.24	2.25
Current Portion of Leases	0.11	0.12	0.06	0.12	0.1	0.14
Current Income Taxes Payable	2.27	1.28	1.5	0.56	2.99	0.6
Other Current Liabilities	0.95	4.69	1.66	1.68	1.82	1.3
Total Current Liabilities	83.77	63.93	72	82.13	101.42	59.95
Long-Term Debt	39.87	37.77	13.5	19.6	17.68	21.07
Long-Term Leases	0.21	0.26	0.17	0.17	0.17	0.24
Pension & Post-Retirement Benefits	3.44	3.69	3.67	3.45	4.84	4.99
Long-Term Deferred Tax Liabilities	0.27	0.28	0.29	0.34	0.09	0.18
Other Long-Term Liabilities	0.55	0.56	0.85	0.28	0.17	0.31
Total Liabilities	128.12	106.48	90.46	105.97	124.36	86.74
Common Stock	14.63	14.63	14.63	14.63	14.63	14.63
Additional Paid-In Capital	-	40.34	40.41	40.47	40.47	62.89
Retained Earnings	5.22	86.77	81.46	74.82	66.92	58.34
Treasury Stock	-0.89	-0.87	-0.85	-0.83	-0.83	-0.81
Comprehensive Income & Other	137.36	10.07	18	16.02	11.07	-12.12
Total Common Equity	156.32	150.92	153.65	145.11	132.27	122.93
Minority Interest	-0.3	-0.31	-0.32	-0.33	-0.31	-0.31
Shareholders' Equity	156.02	150.62	153.33	144.79	131.96	122.62
Total Liabilities & Equity	284.13	257.09	243.79	250.76	256.32	209.37
Total Debt	71.32	60.63	40.19	66.14	75.64	51.9
Net Cash (Debt)	-61.98	-46.77	-26.02	-60.54	-64.96	-41.64
Net Cash Per Share	-2.34	-1.77	-0.98	-2.28	-2.45	-1.57
Filing Date Shares Outstanding	26.42	26.44	26.47	26.54	26.54	26.58
Total Common Shares Outstanding	26.42	26.45	26.5	26.54	26.54	26.58
Working Capital	98.99	104.2	108.79	111.79	108.54	104.29
Book Value Per Share	5.92	5.71	5.80	5.47	4.98	4.62
Tangible Book Value	156.26	150.87	153.51	145.06	132.21	122.8
Tangible Book Value Per Share	5.91	5.70	5.79	5.47	4.98	4.62

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