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	0.04	0.02	0.02	0.43
Total Trade Receivables	13.02	11.61	11.24	10.34	8.1
Inventory	31.02	27.38	25.1	21.59	14.72
Other Current Assets	3.93	4.33	4.89	2.97	2.15
Total Current Assets	53.56	52.96	47.33	44.73	42.72
Net Property, Plant & Equipment	33.79	20.31	14.97	11.18	8.72
Other Intangible Assets	10.25	9.39	8.14	7.42	6.73
Goodwill	6.24	6.24	6.24	6.24	5.66
Long-Term Investments	0.52	0.52	0.51	-	0.13
Other Long-Term Assets	0.71	0.8	0.91	0.92	0.95
Total Assets	105.07	90.21	78.1	70.49	64.91
Accounts Payable	15.91	11.98	12.4	12.6	10.78
Accrued Expenses	3.18	2.37	2.02	2.49	1.7
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
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
Other Long-Term Liabilities	1.29	1.39	1.5	1.32	1.24
Total Long-Term Liabilities	16.08	11.05	10.66	12.52	14.11
Total Liabilities	42.56	29.65	29.61	34	34.99
Common Stock	2.74	2.74	2.57	2.38	2.38
Treasury Stock	-0.5	-0.25	-	-	-
Additional Paid-in Capital	38.25	37.35	29.78	20.25	20.01
Accumulated Other Comprehensive Income	-0.38	1.54	0.44	0.65	0.2
Retained Earnings	22.15	19.18	15.7	13.22	7.33
Total Common Shareholders' 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 Growth	-	-	-	-	-
Net Cash Per Share	-0.61	-0.15	-0.30	-0.33	-0.15
Book Value	62.26	60.56	48.48	36.49	29.92
Book Value Per Share	2.27	2.19	1.92	1.55	1.29
Tangible Book Value	45.78	44.94	34.11	22.83	17.53
Tangible Book Value Per Share	1.67	1.63	1.35	0.97	0.76