Zest S.p.A. 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	Jun '25 Jun 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	1.99	1.67	4.91	6.26	11.17	4.36
Short-Term Investments	-	-	-	-	0	-
Trading Asset Securities	-	-	-	-	-	0.01
Cash & Short-Term Investments	1.99	1.67	4.91	6.26	11.17	4.37
Cash Growth	-56.67%	-66.05%	-21.52%	-43.99%	155.84%	57.62%
Accounts Receivable	2.68	4.24	3.86	4.11	2.46	1.97
Other Receivables	2.22	1.51	0.43	0.12	0.3	0.15
Receivables	4.9	5.75	4.29	4.22	2.76	2.13
Inventory	-	-	0.32	0.01	-	-
Other Current Assets	0.1	0.1	0.1	-	-	0
Total Current Assets	7	7.52	9.62	10.59	14.03	6.61
Property, Plant & Equipment	0.73	0.9	0.65	0.1	0.06	0.03
Long-Term Investments	45.54	55.1	30.12	15.09	15.17	15.23
Goodwill	0.87	0.87	0.87	0.87	0.97	-
Other Intangible Assets	0.21	0.55	0.95	1.15	1.13	1.09
Long-Term Deferred Charges	-	-	-	0.14	0.23	0.08
Other Long-Term Assets	4.5	0.63	0.58	0.32	0.09	0.09
Total Assets	58.85	65.57	42.78	28.82	32.32	23.91
Accounts Payable	4.33	4.14	1.92	1.2	1.1	0.94
Accrued Expenses	-	1.25	-	0.56	0.23	0.1
Current Portion of Long-Term Debt	3.92	4.17	1.31	1.31	2.37	1.44
Current Portion of Leases	-	0.27	0.2	-	-	-
Current Income Taxes Payable	0.53	0.43	0.17	0	0	0
Current Unearned Revenue	-	0.38	-	-	-	-
Other Current Liabilities	2.62	0.09	0.85	0.29	0.37	0.23
Total Current Liabilities	11.4	10.72	4.45	3.37	4.08	2.72
Long-Term Debt	3.03	3.6	3.54	1.93	3.25	4.88
Long-Term Leases	-	0.55	0.74	-	-	-
Long-Term Unearned Revenue	-	-	-	0.23	0.08	0.01
Pension & Post-Retirement Benefits	0.51	0.64	0.54	-	-	-
Long-Term Deferred Tax Liabilities	0.01	0.01	-	0	0.02	0.02
Other Long-Term Liabilities	0.53	0.16	0.09	0.19	0.17	0.11
Total Liabilities	15.48	15.69	9.36	5.73	7.59	7.72
Common Stock	42.34	42.34	15.37	10.43	9.83	7.42
Additional Paid-In Capital	-	-	-	11.9	15.79	7.26
Retained Earnings	2.34	3.02	-2.82	0.25	-1.86	-1.03
Treasury Stock	-	-	-	-0.55	-0.1	-0.1
Comprehensive Income & Other	-2.06	4.47	21.15	1.07	1.07	2.65
Total Common Equity	42.62	49.83	33.7	23.09	24.73	16.19
Minority Interest	0.75	0.05	-0.27	-	-	-
Shareholders' Equity	43.37	49.88	33.42	23.09	24.73	16.19
Total Liabilities & Equity	58.85	65.57	42.78	28.82	32.32	23.91
Total Debt	6.95	8.58	5.78	3.24	5.63	6.32
Net Cash (Debt)	-4.96	-6.92	-0.87	3.02	5.55	-1.95
Net Cash Growth	-	-	-	-45.60%	-	-
Net Cash Per Share	-0.03	-0.05	-0.08	0.28	0.50	-0.26
Filing Date Shares Outstanding	160.71	160.71	11	10.86	10.99	7.4
Total Common Shares Outstanding	160.71	160.71	11	10.86	10.99	7.4
Working Capital	-4.41	-3.2	5.17	7.22	9.96	3.9
Book Value Per Share	0.27	0.31	3.06	2.13	2.25	2.19
Tangible Book Value	41.54	48.41	31.88	21.08	22.63	15.1
Tangible Book Value Per Share	0.26	0.30	2.90	1.94	2.06	2.04
Machinery	1.57	1.54	0.57	0.02	0.02	0.02
Leasehold Improvements	0.35	0.33	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.