Davide Campari-Milano 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	-	666.3	620.3	435.4	791.3	548.1
Short-Term Investments	-	7.1	13.9	14.1	13.3	-
Cash & Short-Term Investments	487.7	673.4	634.2	449.5	804.6	548.1
Cash Growth	-13.27%	6.18%	41.09%	-44.13%	46.80%	-22.19%
Accounts Receivable	-	425.8	374.3	308.2	290.4	281.8
Other Receivables	-	90.6	102.9	63.7	46.9	43.6
Receivables	-	516.4	477.2	371.9	337.3	325.4
Inventory	-	1,703	1,253	1,012	745.7	658.3
Prepaid Expenses	-	29.6	13.2	8.9	11.9	6.9
Other Current Assets	-	15.7	38.8	11.4	10.6	16.5
Total Current Assets	-	2,938	2,416	1,853	1,910	1,555
Property, Plant & Equipment	-	1,518	1,053	867.2	645.5	563.1
Long-Term Investments	-	104	53.6	59.6	31.1	30.7
Goodwill	-	2,420	1,851	1,879	1,416	1,354
Other Intangible Assets	-	1,388	1,212	1,235	1,029	1,001
Long-Term Deferred Tax Assets	-	101.5	78.9	72.6	55.3	44.5
Other Long-Term Assets	-	13.4	11.8	48.8	5.9	8.2
Total Assets	-	8,483	6,676	6,015	5,093	4,557
Accounts Payable	-	672.7	521.1	541.6	394.6	321.2
Accrued Expenses	-	192.6	165.9	152.3	149.8	117.8
Current Portion of Long-Term Debt	-	323.1	472.7	124.6	308.5	262.3
Current Portion of Leases	-	18.8	16	14.4	13.5	13.9
Current Income Taxes Payable	-	6.2	22.3	72.5	54.4	16.1
Current Unearned Revenue	-	6.2	5.1	5.9	2.9	6.5
Other Current Liabilities	-	22.3	19	14.3	21	15.9
Total Current Liabilities	-	1,242	1,222	925.6	944.7	753.7
Long-Term Debt	-	2,662	1,956	1,854	1,251	1,315
Long-Term Leases	-	58.7	60	65.1	70.4	69.5
Pension & Post-Retirement Benefits	-	44.2	58.2	47.6	43.4	36.4
Long-Term Deferred Tax Liabilities	-	498.2	403.7	399.4	366	338
Other Long-Term Liabilities	-	123.4	48.5	46.5	42.6	46.2
Total Liabilities	-	4,628	3,749	3,338	2,718	2,558
Common Stock	-	36.8	36.1	18.3	18.3	18.3
Additional Paid-In Capital	-	642.6	-	-	-	-
Retained Earnings	-	3,084	2,872	2,577	2,447	2,211
Treasury Stock	-	-0.6	-0.6	-1.1	-0.8	-0.5
Comprehensive Income & Other	-	91.6	17.5	81.6	-92.6	-231.8
Total Common Equity	3,708	3,854	2,925	2,676	2,372	1,997
Minority Interest	-	1.3	1.6	1.4	3	1.8
Shareholders' Equity	3,709	3,855	2,927	2,678	2,375	1,998
Total Liabilities & Equity	-	8,483	6,676	6,015	5,093	4,557
Total Debt	2,901	3,062	2,505	2,058	1,644	1,660
Net Cash (Debt)	-2,413	-2,389	-1,871	-1,608	-839	-1,112
Net Cash Per Share	-2.01	-1.91	-1.64	-1.41	-0.73	-0.96
Filing Date Shares Outstanding	1,201	1,203	1,132	1,122	1,132	1,119
Total Common Shares Outstanding	1,201	1,203	1,132	1,122	1,132	1,119
Working Capital	-	1,696	1,194	927.8	965.4	801.5
Book Value Per Share	3.09	3.20	2.58	2.39	2.09	1.78
Tangible Book Value	121.4	45.7	-137.5	-437.5	-73.4	-358.4
Tangible Book Value Per Share	0.10	0.04	-0.12	-0.39	-0.06	-0.32
Land	-	901.9	631.7	-	433.3	376.4
Machinery	-	827.1	631.4	-	400.6	368

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