The Italian Sea 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	15.91	59.11	76.05	81.32	85.62
Cash & Short-Term Investments	15.91	59.11	76.05	81.32	85.62
Cash Growth	-73.09%	-22.27%	-6.48%	-5.02%	377.15%
Accounts Receivable	1.23	62.6	32.34	21.47	10.24
Other Receivables	1.25	1.99	4.36	5.96	10.34
Total Trade Receivables	2.48	64.59	36.71	27.43	20.58
Inventory	20.16	112.93	92.85	53.04	42.59
Other Current Assets	2.1	4.84	5.42	2.78	2.38
Total Current Assets	62.51	241.48	211.03	164.56	151.16
Net Property, Plant & Equipment	184.71	119.23	125.52	135.22	75.23
Other Intangible Assets	4.53	35.2	35.59	35.72	4.42
Long-Term Investments	0.38	0.38	0.68	0.2	0.04
Other Long-Term Assets	2.4	2.92	5.92	6.58	4.22
Total Assets	254.52	399.22	378.74	342.26	235.08
Accounts Payable	180.79	121.32	97.6	78.77	57.15
Short-Term Debt	-	12.61	12.48	15.19	11.48
Unearned Revenue	166.62	15.99	37.91	16.8	16.35
Other Current Liabilities	44.91	34.64	32.71	40.67	20.35
Total Current Liabilities	421.49	184.56	180.7	151.44	105.32
Long-Term Debt	117.8	60.15	62.05	76.2	31.38
Other Long-Term Liabilities	97.76	11.63	5.31	5.63	5.49
Total Long-Term Liabilities	215.55	71.78	67.36	81.82	36.87
Total Liabilities	637.04	256.34	248.06	233.26	142.19
Common Stock	26.5	26.5	26.5	26.5	26.5
Additional Paid-in Capital	45.43	45.43	45.43	45.43	45.43
Accumulated Other Comprehensive Income	-	-	-	0.08	-
Retained Earnings	-454.45	70.95	58.74	37.07	20.96
Shareholders' Equity	-382.52	142.88	130.67	109	92.89
Total Liabilities & Equity	254.52	399.22	378.74	342.26	235.08
Total Debt	117.8	72.76	74.54	91.39	42.86
Net Cash (Debt)	-101.89	-13.65	1.52	-10.07	42.76
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-1.92	-0.26	0.03	-0.19	0.81
Book Value	-382.52	142.88	130.67	109	92.89
Book Value Per Share	-7.22	2.70	2.47	2.06	1.75
Tangible Book Value	-387.05	107.68	95.09	73.29	88.47
Tangible Book Value Per Share	-7.30	2.03	1.79	1.38	1.67