FNM 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	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	353.19	499.45	395.25	236.93	351.83	253.34
Short-Term Investments	-	0.1	0.23	-	6.31	-
Trading Asset Securities	0.43	0.03	-	6.77	7	-
Cash & Short-Term Investments	353.62	499.57	395.48	243.7	365.15	253.34
Cash Growth	-11.78%	26.32%	62.28%	-33.26%	44.13%	10.76%
Accounts Receivable	251.79	167.19	182.13	153.66	133.6	82.64
Other Receivables	209.82	296.8	235.87	286.14	34.3	38.77
Receivables	461.61	467.59	419.95	440.28	306.29	162.92
Inventory	19.73	15.72	13.12	12.11	9.5	8.7
Other Current Assets	139.96	81.24	112.41	135.81	90.21	60.14
Total Current Assets	974.91	1,064	940.95	831.89	771.15	485.11
Property, Plant & Equipment	614.37	589.07	500.79	500.73	475.35	458.83
Long-Term Investments	267.01	190.63	174.74	172.83	159.65	168.05
Goodwill	39.42	39.42	-	-	3.44	4.35
Other Intangible Assets	261.96	319.04	307.7	340.04	269.57	5.14
Long-Term Accounts Receivable	68.49	38.25	77.9	77.21	145.09	-
Long-Term Deferred Tax Assets	36.64	34.16	36.65	32.66	35.77	24.02
Other Long-Term Assets	27.34	7.82	7.56	7.88	7.35	0.22
Total Assets	2,290	2,351	2,112	2,020	1,920	1,146
Accounts Payable	445.18	543.8	513.69	470.69	372.33	177.54
Accrued Expenses	12.19	40.32	36.2	36.49	35.19	17.7
Short-Term Debt	-	-	-	35.56	57.84	37.25
Current Portion of Long-Term Debt	249.58	297.56	142.81	99.11	137.85	225.91
Current Portion of Leases	8.79	6.94	7.96	7.75	6.95	4.97
Current Income Taxes Payable	11.01	0.34	3.54	8.13	0.94	-
Current Unearned Revenue	-	7.22	6.3	6.29	5.29	3.87
Other Current Liabilities	168.13	125.63	133.31	101.7	77.16	47.36
Total Current Liabilities	894.88	1,022	843.81	765.7	693.55	514.6
Long-Term Debt	795.14	798.15	773.8	813.9	843.37	68.62
Long-Term Leases	22.98	17.91	12.97	18.03	22.79	11.65
Long-Term Deferred Tax Liabilities	2.28	2.95	-	-	-	-
Other Long-Term Liabilities	108.36	99.38	105.74	115.01	131.46	73.75
Total Liabilities	1,824	1,940	1,736	1,713	1,691	668.6
Common Stock	230	230	230	230	230	230
Additional Paid-In Capital	-	-	-	-	-	6.55
Retained Earnings	189.56	136.66	118.65	45.76	-22.72	227.57
Comprehensive Income & Other	8.05	7.66	6.68	8.18	-0.46	-6.31
Total Common Equity	427.61	374.31	355.33	283.93	206.82	457.8
Minority Interest	38.9	36.19	20.83	22.98	21.51	19.3
Shareholders' Equity	466.51	410.5	376.16	306.91	228.33	477.11
Total Liabilities & Equity	2,290	2,351	2,112	2,020	1,920	1,146
Total Debt	1,076	1,121	937.54	974.34	1,069	348.38
Net Cash (Debt)	-722.86	-620.99	-542.06	-730.65	-703.67	-95.04
Net Cash Per Share	-1.68	-1.43	-1.25	-1.68	-1.62	-0.22
Filing Date Shares Outstanding	449.19	434.9	434.9	434.9	434.9	434.9
Total Common Shares Outstanding	449.19	434.9	434.9	434.9	434.9	434.9
Working Capital	80.03	42.32	97.15	66.18	77.6	-29.48
Book Value Per Share	0.95	0.86	0.82	0.65	0.48	1.05
Tangible Book Value	126.23	15.85	47.63	-56.11	-66.19	448.31
Tangible Book Value Per Share	0.28	0.04	0.11	-0.13	-0.15	1.03
Land	-	64.16	48.39	48.1	52.65	52.51
Machinery	-	292.65	208.84	199.3	208.21	197.11
Construction In Progress	-	61.73	50.42	51.72	41.36	31.77

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