Mare Nostrum 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	6.54	5.37	4.77	9.52	12.67
Short-Term Investments	1.59	2.63	2.52	2.52	1.76
Cash & Short-Term Investments	8.13	8	7.29	12.04	14.43
Cash Growth	1.60%	9.68%	-39.43%	-16.56%	-5.04%
Accounts Receivable	11.37	20.75	24.9	25.3	23.88
Other Receivables	9.35	9.47	17.15	20.53	15.88
Receivables	20.72	30.22	42.05	45.83	39.76
Inventory	0.01	0.04	0.02	0.06	0.09
Prepaid Expenses	0.58	0.39	0.68	0.54	0.76
Other Current Assets	0.7	2.83	2.91	2.16	2.42
Total Current Assets	30.6	42	53.55	61.57	58.46
Property, Plant & Equipment	0.82	1.05	1.47	1.62	1.49
Long-Term Investments	8.67	8.34	1.24	1.35	2.73
Goodwill	5.79	10.33	12.58	14.31	13.03
Other Intangible Assets	1.43	1.6	2.58	3.53	3.03
Long-Term Deferred Charges	0.1	0.19	0.52	0.88	1.1
Other Long-Term Assets	0	0	2.18	1.13	0
Total Assets	48.22	64.27	74.89	85.12	80.54
Accounts Payable	7.34	11.3	9.98	9.23	8.19
Accrued Expenses	27.55	33.79	38.83	30.05	26.38
Short-Term Debt	1.95	2.98	2.7	10.26	5.28
Current Portion of Long-Term Debt	1.28	0.41	0.18	0.14	0.09
Current Income Taxes Payable	4.11	1.25	2.15	1.74	2.73
Other Current Liabilities	0.76	4.96	0.76	0.5	0.22
Total Current Liabilities	42.99	54.7	54.59	51.92	42.88
Long-Term Debt	2.48	18.12	18.17	19.63	22.88
Long-Term Unearned Revenue	0.59	1.54	3.41	2.05	1.46
Long-Term Deferred Tax Liabilities	-	0.03	0.05	0.21	0.23
Other Long-Term Liabilities	1.54	2.69	1.11	1.48	0.94
Total Liabilities	47.59	77.07	77.34	75.3	68.4
Common Stock	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	-	12.31	12.31	12.31	12.31
Retained Earnings	14.46	-9.95	-11.73	-2.12	-0.54
Comprehensive Income & Other	-14.45	-16.52	-4.82	-2.84	-2.04
Total Common Equity	0.77	-13.41	-3.48	8.1	10.48
Minority Interest	-0.14	0.6	1.04	1.72	1.65
Shareholders' Equity	0.63	-12.8	-2.44	9.83	12.13
Total Liabilities & Equity	48.22	64.27	74.89	85.12	80.54
Total Debt	5.71	21.51	21.05	30.03	28.25
Net Cash (Debt)	2.42	-13.52	-13.76	-18	-13.82
Net Cash Per Share	0.32	-1.78	-1.82	-2.38	-1.82
Filing Date Shares Outstanding	6.99	7.24	7.57	7.57	7.57
Total Common Shares Outstanding	6.99	7.24	7.57	7.57	7.57
Working Capital	-12.39	-12.71	-1.04	9.65	15.58
Book Value Per Share	0.11	-1.85	-0.46	1.07	1.38
Tangible Book Value	-6.45	-25.34	-18.63	-9.73	-5.58
Tangible Book Value Per Share	-0.92	-3.50	-2.46	-1.28	-0.74
Buildings	0.01	0.03	0.08	0.08	0.07
Machinery	0.26	0.19	0.19	0.14	0.1
Construction In Progress	-	-	0.02	0.02	0.07