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	59.11	76.05	81.32	85.62	17.94
Cash & Short-Term Investments	61.64	59.11	76.05	81.32	85.62	17.94
Cash Growth	17.12%	-22.27%	-6.48%	-5.02%	377.15%	211.78%
Accounts Receivable	56.87	62.6	32.34	21.47	10.24	14.62
Other Receivables	8.13	1.99	4.36	5.96	10.34	1.3
Total Trade Receivables	65	64.59	36.71	27.43	20.58	15.91
Inventory	198.3	112.93	92.85	53.04	42.59	25.31
Other Current Assets	3.31	4.84	5.42	2.78	2.38	3.32
Total Current Assets	328.07	241.48	211.03	164.56	151.16	62.49
Net Property, Plant & Equipment	116.37	119.23	125.52	135.22	75.23	53.54
Other Intangible Assets	34.96	35.2	35.59	35.72	4.42	4.38
Long-Term Investments	0.03	0.38	0.68	0.2	0.04	0.04
Other Long-Term Assets	2.33	2.92	5.92	6.58	4.22	2.5
Total Assets	481.77	399.22	378.74	342.26	235.08	122.95
Accounts Payable	100.85	121.32	97.6	78.77	57.15	34.24
Short-Term Debt	11.22	12.61	12.48	15.19	11.48	3.37
Unearned Revenue	43.26	15.99	37.91	16.8	16.35	8.85
Other Current Liabilities	48.47	34.64	32.71	40.67	20.35	11.16
Total Current Liabilities	203.8	184.56	180.7	151.44	105.32	57.62
Long-Term Debt	121.38	60.15	62.05	76.2	31.38	18.42
Other Long-Term Liabilities	10.61	11.63	5.31	5.63	5.49	6.7
Total Long-Term Liabilities	131.99	71.78	67.36	81.82	36.87	25.12
Total Liabilities	335.79	256.34	248.06	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	45.43	45.43	45.43	12
Accumulated Other Comprehensive Income	-	-	-	0.08	-	-
Retained Earnings	74.05	70.95	58.74	37.07	20.96	6.47
Shareholders' Equity	145.99	142.88	130.67	109	92.89	40.22
Total Liabilities & Equity	481.77	399.22	378.74	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	-13.65	1.52	-10.07	42.76	-3.84
Net Cash Per Share	-1.33	-0.26	0.03	-0.19	0.81	-0.18
Book Value	145.99	142.88	130.67	109	92.89	40.22
Book Value Per Share	2.73	2.70	2.47	2.06	1.75	1.85
Tangible Book Value	111.02	107.68	95.09	73.29	88.47	35.84
Tangible Book Value Per Share	2.08	2.03	1.79	1.38	1.67	1.65