Racing Force S.P.A. 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	5.6	9.64	6.11	9.84	17.75
Cash & Short-Term Investments	5.6	9.64	6.11	9.84	17.75
Cash Growth	-41.97%	57.89%	-37.93%	-44.58%	317.24%
Accounts Receivable	13.02	11.58	11.22	10.32	7.68
Other Receivables	0.83	1.17	1.64	1.46	1.25
Receivables	13.85	12.77	12.88	11.79	8.93
Inventory	31.02	27.38	25.1	21.59	14.72
Prepaid Expenses	3.1	3.17	3.25	1.51	1.33
Other Current Assets	-	-	0	0	-
Total Current Assets	53.56	52.96	47.33	44.73	42.72
Property, Plant & Equipment	33.79	20.31	14.97	11.18	8.72
Long-Term Investments	0.52	0.52	0.51	-	0.13
Goodwill	6.24	6.24	6.24	6.24	5.66
Other Intangible Assets	8.17	7.5	6.18	5.47	5.16
Long-Term Deferred Tax Assets	0.45	0.51	0.61	0.58	0.66
Long-Term Deferred Charges	2.08	1.89	1.97	1.95	1.57
Other Long-Term Assets	0.26	0.29	0.28	0.3	0.23
Total Assets	105.07	90.21	78.1	70.49	64.91
Accounts Payable	15.36	11.89	12.34	12.43	10.67
Accrued Expenses	1.8	2.09	1.84	1.64	1.43
Short-Term Debt	4.1	0.39	1.26	2.49	4.69
Current Portion of Long-Term Debt	2.51	3.04	2.5	3.26	3.2
Current Portion of Leases	0.78	0.82	0.78	0.65	0.51
Current Income Taxes Payable	0.42	0	0	0.6	0.2
Current Unearned Revenue	0.26	0.27	0.17	0.25	0.08
Other Current Liabilities	1.26	0.09	0.06	0.17	0.11
Total Current Liabilities	26.48	18.6	18.96	21.48	20.88
Long-Term Debt	7.3	6.82	6.08	8.57	10.87
Long-Term Leases	7.49	2.85	3.08	2.62	2
Pension & Post-Retirement Benefits	1	1.12	1.12	0.96	0.84
Long-Term Deferred Tax Liabilities	0.08	0.05	0.02	-	-
Other Long-Term Liabilities	0.22	0.22	0.36	0.36	0.4
Total Liabilities	42.56	29.65	29.61	34	34.99
Common Stock	2.74	2.74	2.57	2.38	2.38
Additional Paid-In Capital	36.95	36.95	29.78	20.25	20.01
Retained Earnings	22.15	19.18	15.7	13.22	7.33
Treasury Stock	-0.5	-0.25	-	-	-
Comprehensive Income & Other	0.93	1.95	0.44	0.65	0.2
Total Common Equity	62.26	60.56	48.48	36.49	29.92
Minority Interest	0.24	-	-	-	-
Shareholders' Equity	62.5	60.56	48.48	36.49	29.92
Total Liabilities & Equity	105.07	90.21	78.1	70.49	64.91
Total Debt	22.18	13.91	13.7	17.59	21.27
Net Cash (Debt)	-16.59	-4.27	-7.59	-7.76	-3.52
Net Cash Per Share	-0.61	-0.16	-0.30	-	-
Filing Date Shares Outstanding	27.27	27.33	25.7	-	-
Total Common Shares Outstanding	27.27	27.33	25.7	-	-
Working Capital	27.08	34.36	28.37	23.25	21.84
Book Value Per Share	2.28	2.22	1.89	-	-
Tangible Book Value	47.86	46.83	36.07	24.78	19.1
Tangible Book Value Per Share	1.75	1.71	1.40	-	-
Land	18.82	5.46	5.45	4.74	4.38
Machinery	12.34	10.62	8.64	6.59	7.08
Construction In Progress	0.16	6.1	1.56	0.49	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.