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
Short-Term Investments	0.91	0.3	0.41	0.37	0.49	0.67
Cash & Short-Term Investments	9.51	18.25	14.27	14.54	6.1	11.35
Cash Growth	-18.51%	27.86%	-1.85%	138.44%	-46.28%	-6.68%
Accounts Receivable	72.97	56.95	54.08	67.16	61.5	91.92
Other Receivables	0.29	4.02	5.43	0.02	4.85	0.02
Total Trade Receivables	73.26	60.96	59.51	67.18	66.35	91.94
Inventory	134.79	103.5	94.35	94.5	117.99	104.99
Other Current Assets	4.32	-	-	-	5.66	1.68
Total Current Assets	221.88	182.71	168.13	180.79	193.92	209.96
Net Property, Plant & Equipment	100.87	99.93	86.4	59.17	51.61	44.19
Other Intangible Assets	0.05	0.06	0.05	0.14	0.05	0.06
Long-Term Investments	0.01	0.01	0.01	4.58	0.01	0.12
Other Long-Term Assets	4.64	4.14	2.5	3.69	5.17	2
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	1.17	1.71	2.01	2.02	2	1.9
Short-Term Debt	62.4	46.36	22.76	26.52	46.37	57.79
Other Current Liabilities	12.81	8.97	13.79	11.41	6.52	13.49
Total Current Liabilities	123.7	87.18	63.93	72	82.13	101.42
Long-Term Debt	36.38	39.48	38.02	13.66	19.78	17.85
Other Long-Term Liabilities	4.67	4.21	4.52	4.81	4.07	5.1
Total Long-Term Liabilities	41.05	43.7	42.55	18.47	23.84	22.94
Total Liabilities	164.75	130.87	106.48	90.46	105.97	124.36
Common Stock	13.74	13.74	13.76	13.78	13.8	13.8
Retained Earnings	149.27	142.53	137.17	139.87	131.31	118.47
Total Common Shareholders' 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	98.78	85.84	60.78	40.19	66.14	75.64
Net Cash (Debt)	-89.27	-67.6	-46.51	-25.65	-60.05	-64.29
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.38	-2.56	-1.76	-0.97	-2.26	-2.42
Book Value	163.01	156.26	150.92	153.65	145.11	132.27
Book Value Per Share	6.17	5.91	5.70	5.79	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