Mare Group 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	52.86	2.55	0.99	3.04	6.18
Short-Term Investments	3.21	13.18	0.18	0.23	0.61
Cash & Short-Term Investments	56.07	15.74	1.17	3.27	6.79
Cash Growth	256.35%	1243.82%	-64.20%	-51.85%	126.45%
Accounts Receivable	46.11	15.57	18.99	19.31	15.26
Other Receivables	19.55	15.58	10.81	10.44	7.72
Receivables	65.67	31.15	29.8	29.75	22.99
Inventory	4.5	8.74	3.66	0.42	0.16
Prepaid Expenses	-	-	-	0.59	-
Other Current Assets	0.03	-0.05	0.04	0.18	0.42
Total Current Assets	126.26	55.82	35.25	35.47	30.36
Property, Plant & Equipment	15.16	1.42	1.7	1.9	1.45
Long-Term Investments	31.47	0.3	4.59	4.4	3.74
Goodwill	29.48	2	2.51	2.76	2.8
Other Intangible Assets	16.96	24.96	18	12.72	5.71
Long-Term Deferred Tax Assets	6.27	-	-	-	-
Long-Term Deferred Charges	-	3.66	2.29	2.78	4.73
Other Long-Term Assets	0.51	4.09	0.64	0	0.02
Total Assets	226.1	92.25	64.99	60.02	48.81
Accounts Payable	17.23	8.76	4.81	4.17	3.8
Accrued Expenses	3.85	0.91	0.59	0.58	2.01
Short-Term Debt	0.86	-	-	-	-
Current Portion of Long-Term Debt	27.66	15.12	11.36	8.26	7.24
Current Income Taxes Payable	-	5.39	3.08	3.25	3.67
Current Unearned Revenue	0.64	-	-	-	-
Other Current Liabilities	22.52	4.6	4.16	4.27	4.08
Total Current Liabilities	72.76	34.79	24.01	20.54	20.8
Long-Term Debt	81.37	10.74	15.06	15.61	11.35
Long-Term Unearned Revenue	3.88	1.88	3.12	2.44	-
Pension & Post-Retirement Benefits	6.7	0.16	0.09	0.06	-
Long-Term Deferred Tax Liabilities	2.2	0.07	0.12	0.09	0.01
Other Long-Term Liabilities	13.27	4.35	3.83	3.29	2.99
Total Liabilities	180.18	51.98	46.23	42.03	35.16
Common Stock	4.75	3.72	2.14	2.14	1.91
Additional Paid-In Capital	31.76	18.66	-	-	-
Retained Earnings	-10.43	8.34	7.07	6.14	3.83
Treasury Stock	-	-0.52	-	-	-
Comprehensive Income & Other	12.12	10.03	9.47	9.64	4.84
Total Common Equity	38.2	40.23	18.69	17.92	10.58
Minority Interest	7.72	0.03	0.07	0.06	3.07
Shareholders' Equity	45.92	40.26	18.76	17.98	13.66
Total Liabilities & Equity	226.1	92.25	64.99	60.02	48.81
Total Debt	109.89	25.86	26.42	23.88	18.6
Net Cash (Debt)	-53.81	-10.13	-25.25	-20.6	-11.8
Net Cash Per Share	-	-0.54	-9.43	-7.70	-4.95
Filing Date Shares Outstanding	-	18.69	2.68	2.68	2.39
Total Common Shares Outstanding	-	18.69	2.68	2.68	2.39
Working Capital	53.51	21.03	11.25	14.93	9.56
Book Value Per Share	-	2.15	6.98	6.70	4.44
Tangible Book Value	-8.24	13.28	-1.83	2.45	2.07
Tangible Book Value Per Share	-	0.71	-0.68	0.92	0.87

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