The Italian Sea Group Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	61.64	60.25	76.41	81.32	85.62	17.94
Cash & Short-Term Investments	61.64	60.25	76.41	81.32	85.62	17.94
Cash Growth	17.12%	-21.15%	-6.03%	-5.02%	377.15%	211.78%
Accounts Receivable	240.71	163.51	113.08	70.94	51.57	37.17
Other Receivables	8.13	1.98	3.1	4.29	9.95	2.14
Receivables	248.84	165.48	116.17	75.22	61.52	39.3
Inventory	14.46	10.21	10.9	3.57	1.25	2.76
Prepaid Expenses	-	4.36	4.88	1.96	1.19	1.3
Other Current Assets	3.13	8.64	2.08	2.49	1.58	1.18
Total Current Assets	328.07	248.95	210.44	164.56	151.16	62.49
Property, Plant & Equipment	116.37	120.29	126.53	135.22	75.23	53.54
Long-Term Investments	0.03	0.72	1.33	3.15	0.41	0.28
Other Intangible Assets	34.96	34.77	34.87	34.69	3.55	3.55
Long-Term Deferred Tax Assets	-	-	3.04	-	-	-
Long-Term Deferred Charges	-	0.53	0.75	1.03	0.86	0.82
Other Long-Term Assets	2.33	0.81	0.43	3.63	3.86	2.27
Total Assets	481.77	406.06	377.39	342.26	235.08	122.95
Accounts Payable	100.85	121.88	90.57	78.77	57.15	34.24
Accrued Expenses	-	3.89	4.41	2.41	1.61	2.02
Current Portion of Long-Term Debt	10	11.63	11.66	14.2	10.77	2.53
Current Portion of Leases	1.22	0.98	0.82	1	0.71	0.84
Current Income Taxes Payable	-	24.25	14.27	7.64	3.63	1.9
Current Unearned Revenue	43.26	17.18	38.56	16.8	16.35	9.96
Other Current Liabilities	48.47	10.67	18.53	30.63	15.11	6.12
Total Current Liabilities	203.8	190.47	178.82	151.44	105.32	57.62
Long-Term Debt	110.71	48.96	54.59	66.29	23.86	10.85
Long-Term Leases	10.67	11.19	7.46	9.91	7.52	7.56
Pension & Post-Retirement Benefits	0.65	0.88	0.96	1.25	0.76	0.82
Long-Term Deferred Tax Liabilities	3.14	0.7	-	0.89	1.18	1.84
Other Long-Term Liabilities	6.82	8.89	4.42	3.48	3.55	4.04
Total Liabilities	335.79	261.09	246.25	233.26	142.19	82.73
Common Stock	26.5	26.5	26.5	26.5	26.5	21.75
Additional Paid-In Capital	45.43	45.43	45.4	45.43	45.43	12
Retained Earnings	16.61	39.19	42.21	29.35	20.67	6.24
Comprehensive Income & Other	57.45	33.84	17.03	7.72	0.29	0.24
Shareholders' Equity	145.99	144.96	131.14	109	92.89	40.22
Total Liabilities & Equity	481.77	406.06	377.39	342.26	235.08	122.95
Total Debt	132.6	72.76	74.54	91.39	42.86	21.79
Net Cash (Debt)	-70.96	-12.51	1.88	-10.07	42.76	-3.84
Net Cash Per Share	-1.33	-0.24	0.04	-0.19	0.81	-0.18
Filing Date Shares Outstanding	54.69	53	53	53	53	43.5
Total Common Shares Outstanding	54.69	53	53	53	53	43.5
Working Capital	124.28	58.48	31.62	13.12	45.84	4.87
Book Value Per Share	2.67	2.74	2.47	2.06	1.75	0.92
Tangible Book Value	111.02	110.2	96.26	74.32	89.33	36.67
Tangible Book Value Per Share	2.03	2.08	1.82	1.40	1.69	0.84
Land	-	11.22	10.94	7.1	3.03	3.03
Buildings	-	62.83	61.97	44.63	44.63	27.23
Machinery	-	80.52	79.86	53.55	52.3	50.26
Construction In Progress	-	2.26	4.71	26.03	8.41	10.21
Order Backlog	-	1,242	-	-	826.67	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.