Mare Group S.p.A. (BIT:MARE)

Mare Group Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	11.79	52.86	2.55	0.99	3.04	6.18
Short-Term Investments	0.24	3.21	13.18	0.18	0.23	0.61
Cash & Short-Term Investments	12.04	56.07	15.74	1.17	3.27	6.79
Cash Growth	13.62%	256.34%	1243.84%	-64.20%	-51.85%	126.45%
Accounts Receivable	51.64	46.11	20.02	18.99	19.31	15.26
Other Receivables	21.37	19.55	16.35	10.81	10.44	7.72
Receivables	73.02	65.67	36.38	29.8	29.75	22.99
Inventory	5.59	4.5	0.97	3.66	0.42	0.16
Prepaid Expenses	-	-	-	-	0.59	-
Other Current Assets	0.03	0.03	0.01	0.04	0.18	0.42
Total Current Assets	90.67	126.26	53.09	35.25	35.47	30.36
Property, Plant & Equipment	16.33	15.16	4.36	1.7	1.9	1.45
Long-Term Investments	12.08	31.47	0.17	4.59	4.4	3.74
Goodwill	31.61	29.21	2.82	2.51	2.76	2.8
Other Intangible Assets	15.65	15.6	17.75	18	12.72	5.71
Long-Term Deferred Tax Assets	7.79	6.27	3.58	-	-	-
Long-Term Deferred Charges	2.78	1.63	1.04	2.29	2.78	4.73
Other Long-Term Assets	0.62	0.51	1.19	0.64	0	0.02
Total Assets	177.52	226.1	84	64.99	60.02	48.81

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	18.84	17.23	8.76	4.81	4.17	3.8
Accrued Expenses	-	-	-	0.59	0.58	2.01
Short-Term Debt	0.03	4.4	-	-	-	-
Current Portion of Long-Term Debt	25.47	24.12	15.06	11.36	8.26	7.24
Current Portion of Leases	1.86	1.82	0.66	-	-	-
Current Income Taxes Payable	1.57	3.89	1.25	3.08	3.25	3.67
Current Unearned Revenue	0.56	0.64	0.17	-	-	-
Other Current Liabilities	19.55	20.65	9.15	4.16	4.27	4.08
Total Current Liabilities	67.86	72.76	35.05	24.01	20.54	20.8
Long-Term Debt	45.06	81.37	10.76	15.06	15.61	11.35
Long-Term Leases	8.59	8.04	2.31	-	-	-
Long-Term Unearned Revenue	4.55	4.5	1.32	3.12	2.44	-
Pension & Post-Retirement Benefits	6.51	6.7	3.09	0.09	0.06	-
Long-Term Deferred Tax Liabilities	2.38	2.2	0.08	0.12	0.09	0.01
Other Long-Term Liabilities	4.63	4.62	1.88	3.83	3.29	2.99
Total Liabilities	139.59	180.18	54.49	46.23	42.03	35.16

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	4.75	4.75	3.62	2.14	2.14	1.91
Additional Paid-In Capital	31.76	31.76	13.57	-	-	-
Retained Earnings	-2.12	-10.43	-0.84	7.07	6.14	3.83
Comprehensive Income & Other	2.77	12.12	13.13	9.47	9.64	4.84
Total Common Equity	37.16	38.2	29.47	18.69	17.92	10.58
Minority Interest	0.78	7.72	0.03	0.07	0.06	3.07
Shareholders' Equity	37.93	45.92	29.5	18.76	17.98	13.66
Total Liabilities & Equity	177.52	226.1	84	64.99	60.02	48.81

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	81.01	119.75	28.79	26.42	23.88	18.6
Net Cash (Debt)	-68.97	-63.68	-13.05	-25.25	-20.6	-11.8
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.57	-3.29	-0.70	-9.43	-7.70	-4.95
Filing Date Shares Outstanding	19.34	19.34	18.69	2.68	2.68	2.39
Total Common Shares Outstanding	19.34	19.34	18.69	2.68	2.68	2.39
Working Capital	22.81	53.5	18.04	11.25	14.93	9.56
Book Value Per Share	1.92	1.98	1.58	6.98	6.70	4.44
Tangible Book Value	-10.1	-6.61	8.9	-1.83	2.45	2.07
Tangible Book Value Per Share	-0.52	-0.34	0.48	-0.68	0.92	0.87
Land	2.21	2.21	0.55	-	-	-
Machinery	7.05	6.56	1.79	-	-	-
Leasehold Improvements	1.19	0.72	0.14	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Sep 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 14, 2026

Data Sources Report a data error