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	-	-	0.18	0.23	0.61
Cash & Short-Term Investments	52.86	2.55	1.17	3.27	6.79
Cash Growth	1970.66%	118.02%	-64.20%	-51.85%	126.45%
Accounts Receivable	46.11	20.02	18.99	19.31	15.26
Other Receivables	19.55	16.35	10.81	10.44	7.72
Receivables	65.67	36.38	29.8	29.75	22.99
Inventory	4.5	0.97	3.66	0.42	0.16
Prepaid Expenses	-	-	-	0.59	-
Other Current Assets	3.24	13.19	0.04	0.18	0.42
Total Current Assets	126.26	53.09	35.25	35.47	30.36
Property, Plant & Equipment	15.16	4.36	1.7	1.9	1.45
Long-Term Investments	31.47	0.17	4.59	4.4	3.74
Goodwill	29.21	2.82	2.51	2.76	2.8
Other Intangible Assets	15.6	17.75	18	12.72	5.71
Long-Term Deferred Tax Assets	6.27	3.58	-	-	-
Long-Term Deferred Charges	1.63	1.04	2.29	2.78	4.73
Other Long-Term Assets	0.51	1.19	0.64	0	0.02
Total Assets	226.1	84	64.99	60.02	48.81
Accounts Payable	17.23	8.76	4.81	4.17	3.8
Accrued Expenses	-	-	0.59	0.58	2.01
Short-Term Debt	4.4	-	-	-	-
Current Portion of Long-Term Debt	24.12	15.06	11.36	8.26	7.24
Current Portion of Leases	1.82	0.66	-	-	-
Current Income Taxes Payable	3.89	1.25	3.08	3.25	3.67
Current Unearned Revenue	0.64	0.17	-	-	-
Other Current Liabilities	20.65	9.15	4.16	4.27	4.08
Total Current Liabilities	72.76	35.05	24.01	20.54	20.8
Long-Term Debt	81.37	10.76	15.06	15.61	11.35
Long-Term Leases	8.04	2.31	-	-	-
Long-Term Unearned Revenue	4.5	1.32	3.12	2.44	-
Pension & Post-Retirement Benefits	6.7	3.09	0.09	0.06	-
Long-Term Deferred Tax Liabilities	2.2	0.08	0.12	0.09	0.01
Other Long-Term Liabilities	4.62	1.88	3.83	3.29	2.99
Total Liabilities	180.18	54.49	46.23	42.03	35.16
Common Stock	4.75	3.62	2.14	2.14	1.91
Additional Paid-In Capital	31.76	13.57	-	-	-
Retained Earnings	-10.43	-0.84	7.07	6.14	3.83
Comprehensive Income & Other	12.12	13.13	9.47	9.64	4.84
Total Common Equity	38.2	29.47	18.69	17.92	10.58
Minority Interest	7.72	0.03	0.07	0.06	3.07
Shareholders' Equity	45.92	29.5	18.76	17.98	13.66
Total Liabilities & Equity	226.1	84	64.99	60.02	48.81
Total Debt	119.75	28.79	26.42	23.88	18.6
Net Cash (Debt)	-66.89	-26.24	-25.25	-20.6	-11.8
Net Cash Per Share	-3.46	-1.40	-9.43	-7.70	-4.95
Filing Date Shares Outstanding	19.34	18.69	2.68	2.68	2.39
Total Common Shares Outstanding	19.34	18.69	2.68	2.68	2.39
Working Capital	53.5	18.04	11.25	14.93	9.56
Book Value Per Share	1.98	1.58	6.98	6.70	4.44
Tangible Book Value	-6.61	8.9	-1.83	2.45	2.07
Tangible Book Value Per Share	-0.34	0.48	-0.68	0.92	0.87
Land	2.21	0.55	-	-	-
Machinery	6.56	1.79	-	-	-
Leasehold Improvements	0.72	0.14	-	-	-

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