Mare Nostrum 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	7.67	5.37	4.77	9.52	12.67	13.28
Short-Term Investments	2.2	2.63	2.52	2.52	1.76	1.91
Cash & Short-Term Investments	9.87	8	7.29	12.04	14.43	15.19
Cash Growth	-40.91%	9.68%	-39.43%	-16.56%	-5.04%	47.36%
Accounts Receivable	21.43	20.75	24.9	25.3	23.88	22.74
Other Receivables	9.4	9.47	17.15	20.53	15.88	13.95
Receivables	30.84	30.22	42.05	45.83	39.76	36.69
Inventory	0.03	0.04	0.02	0.06	0.09	0.38
Prepaid Expenses	0.55	0.39	0.68	0.54	0.76	0.65
Other Current Assets	1.86	2.83	2.91	2.16	2.42	2.24
Total Current Assets	43.62	42	53.55	61.57	58.46	55.69
Property, Plant & Equipment	0.93	1.05	1.47	1.62	1.49	1.6
Long-Term Investments	7.58	0.91	1.24	1.35	2.73	3.05
Goodwill	7.35	10.33	12.58	14.31	13.03	12.61
Other Intangible Assets	1.54	1.6	2.58	3.53	3.03	2.05
Long-Term Deferred Charges	0.19	0.19	0.52	0.88	1.1	1.22
Other Long-Term Assets	0	7.43	2.18	1.13	0	-0
Total Assets	61.97	64.27	74.89	85.12	80.54	76.86
Accounts Payable	11.17	11.3	9.98	9.23	8.19	7.39
Accrued Expenses	34.59	33.79	38.83	30.05	26.38	23.76
Short-Term Debt	2.84	2.98	2.7	10.26	5.28	5.3
Current Portion of Long-Term Debt	0.52	0.65	0.18	0.14	0.09	0.08
Current Income Taxes Payable	1.71	1.25	2.15	1.74	2.73	2.16
Other Current Liabilities	5.87	4.96	0.76	0.5	0.22	0.11
Total Current Liabilities	56.7	54.94	54.59	51.92	42.88	38.81
Long-Term Debt	18	17.88	18.17	19.63	22.88	22.78
Long-Term Unearned Revenue	2.16	1.54	3.41	2.05	1.46	1.17
Long-Term Deferred Tax Liabilities	0.03	0.03	0.05	0.21	0.23	0.23
Other Long-Term Liabilities	3.12	2.69	1.11	1.48	0.94	1.42
Total Liabilities	80.01	77.07	77.34	75.3	68.4	64.4
Common Stock	0.76	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	2.02	12.31	12.31	12.31	12.31	12.31
Retained Earnings	-16.01	-16.37	-11.73	-2.12	-0.54	-5.58
Comprehensive Income & Other	-5.24	-10.1	-4.82	-2.84	-2.04	3.64
Total Common Equity	-18.48	-13.41	-3.48	8.1	10.48	11.12
Minority Interest	0.45	0.6	1.04	1.72	1.65	1.34
Shareholders' Equity	-18.03	-12.8	-2.44	9.83	12.13	12.46
Total Liabilities & Equity	61.97	64.27	74.89	85.12	80.54	76.86
Total Debt	21.35	21.51	21.05	30.03	28.25	28.17
Net Cash (Debt)	-11.48	-13.52	-13.76	-18	-13.82	-12.97
Net Cash Per Share	-1.52	-1.78	-1.82	-2.38	-1.82	-1.71
Filing Date Shares Outstanding	7.57	7.24	7.57	7.57	7.57	7.57
Total Common Shares Outstanding	7.57	7.24	7.57	7.57	7.57	7.57
Working Capital	-13.09	-12.95	-1.04	9.65	15.58	16.89
Book Value Per Share	-2.44	-1.85	-0.46	1.07	1.38	1.47
Tangible Book Value	-27.37	-25.34	-18.63	-9.73	-5.58	-3.54
Tangible Book Value Per Share	-3.61	-3.50	-2.46	-1.28	-0.74	-0.47
Buildings	0.05	0.03	0.08	0.08	0.07	0.07
Machinery	0.19	0.19	0.19	0.14	0.1	0.09
Construction In Progress	-	-	0.02	0.02	0.07	0.01

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