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 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	8.6	17.95	13.86	14.17	5.61	10.68
Cash & Short-Term Investments	8.6	17.95	13.86	14.17	5.61	10.68
Cash Growth	-23.80%	29.53%	-2.17%	152.62%	-47.48%	4.07%
Accounts Receivable	72.97	56.95	54.08	67.16	61.5	91.92
Other Receivables	3.01	4.02	5.43	4.6	7.18	1.05
Receivables	75.98	60.96	59.51	71.75	68.68	92.97
Inventory	134.79	103.5	94.35	94.5	117.99	104.99
Other Current Assets	2.51	0.3	0.41	0.37	1.64	1.32
Total Current Assets	221.88	182.71	168.13	180.79	193.92	209.96
Property, Plant & Equipment	100.87	99.93	86.4	59.17	51.61	44.19
Long-Term Investments	0.01	0.01	0.01	0.01	0.01	0.12
Other Intangible Assets	0.05	0.06	0.05	0.14	0.05	0.06
Long-Term Deferred Tax Assets	4.64	4.14	2.5	2.5	2.36	2
Other Long-Term Assets	-	-	-	1.2	2.81	-
Total Assets	327.45	286.83	257.09	243.79	250.76	256.32
Accounts Payable	48.59	30.4	26.01	33.21	27.24	30.4
Accrued Expenses	9.03	8.21	9.35	9.11	6.28	8.42
Short-Term Debt	56.54	42.73	17.4	20.4	40.97	53.45
Current Portion of Long-Term Debt	5.45	3.51	5.08	6.06	5.27	4.24
Current Portion of Leases	0.1	0.11	0.12	0.06	0.12	0.1
Current Income Taxes Payable	3.03	1.22	1.28	1.5	0.56	2.99
Other Current Liabilities	0.95	1.01	4.69	1.66	1.68	1.82
Total Current Liabilities	123.7	87.18	63.93	72	82.13	101.42
Long-Term Debt	36.22	39.3	37.77	13.5	19.6	17.68
Long-Term Leases	0.16	0.18	0.26	0.17	0.17	0.17
Pension & Post-Retirement Benefits	3.41	3.4	3.69	3.67	3.45	4.84
Long-Term Deferred Tax Liabilities	0.24	0.25	0.28	0.29	0.34	0.09
Other Long-Term Liabilities	1.02	0.56	0.56	0.85	0.28	0.17
Total Liabilities	164.75	130.87	106.48	90.46	105.97	124.36
Common Stock	14.63	14.63	14.63	14.63	14.63	14.63
Additional Paid-In Capital	40.28	40.29	40.34	40.41	40.47	40.47
Retained Earnings	95.18	91.36	86.77	81.46	74.82	66.92
Treasury Stock	-0.89	-0.89	-0.87	-0.85	-0.83	-0.83
Comprehensive Income & Other	13.81	10.88	10.07	18	16.02	11.07
Total Common Equity	163.01	156.26	150.92	153.65	145.11	132.27
Minority Interest	-0.3	-0.3	-0.31	-0.32	-0.33	-0.31
Shareholders' Equity	162.7	155.96	150.62	153.33	144.79	131.96
Total Liabilities & Equity	327.45	286.83	257.09	243.79	250.76	256.32
Total Debt	98.48	85.83	60.63	40.19	66.14	75.64
Net Cash (Debt)	-89.87	-67.87	-46.77	-26.02	-60.54	-64.96
Net Cash Per Share	-3.40	-2.57	-1.77	-0.98	-2.28	-2.45
Filing Date Shares Outstanding	26.42	26.42	26.44	26.47	26.54	26.54
Total Common Shares Outstanding	26.42	26.42	26.45	26.5	26.54	26.54
Working Capital	98.19	95.53	104.2	108.79	111.79	108.54
Book Value Per Share	6.17	5.91	5.71	5.80	5.47	4.98
Tangible Book Value	162.96	156.21	150.87	153.51	145.06	132.21
Tangible Book Value Per Share	6.17	5.91	5.70	5.79	5.47	4.98