The Italian Sea Group S.p.A. (BIT:TISG)

The Italian Sea Group Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	71.83	60.25	76.41	81.32	85.62	17.94
Cash & Short-Term Investments	71.83	60.25	76.41	81.32	85.62	17.94
Cash Growth	78.22%	-21.15%	-6.03%	-5.02%	377.15%	211.78%
Accounts Receivable	210.59	163.51	113.08	70.94	51.57	37.17
Other Receivables	1.74	1.98	3.1	4.29	9.95	2.14
Receivables	212.33	165.48	116.17	75.22	61.52	39.3
Inventory	13.81	10.21	10.9	3.57	1.25	2.76
Prepaid Expenses	2.49	4.36	4.88	1.96	1.19	1.3
Other Current Assets	16.5	8.64	2.08	2.49	1.58	1.18
Total Current Assets	316.96	248.95	210.44	164.56	151.16	62.49
Property, Plant & Equipment	117.6	120.29	126.53	135.22	75.23	53.54
Long-Term Investments	0.03	0.72	1.33	3.15	0.41	0.28
Other Intangible Assets	34.63	34.77	34.87	34.69	3.55	3.55
Long-Term Deferred Tax Assets	-	-	3.04	-	-	-
Long-Term Deferred Charges	0.49	0.53	0.75	1.03	0.86	0.82
Other Long-Term Assets	0.94	0.81	0.43	3.63	3.86	2.27
Total Assets	470.66	406.06	377.39	342.26	235.08	122.95
Accounts Payable	128.49	121.88	90.57	78.77	57.15	34.24
Accrued Expenses	5.87	3.89	4.41	2.41	1.61	2.02
Current Portion of Long-Term Debt	23.18	11.63	11.66	14.2	10.77	2.53
Current Portion of Leases	0.98	0.98	0.82	1	0.71	0.84
Current Income Taxes Payable	28.83	24.25	14.27	7.64	3.63	1.9
Current Unearned Revenue	8.15	17.18	38.56	16.8	16.35	9.96
Other Current Liabilities	10.22	10.67	18.53	30.63	15.11	6.12
Total Current Liabilities	205.71	190.47	178.82	151.44	105.32	57.62
Long-Term Debt	99.78	48.96	54.59	66.29	23.86	10.85
Long-Term Leases	11.14	11.19	7.46	9.91	7.52	7.56
Long-Term Deferred Tax Liabilities	1.85	0.7	-	0.89	1.18	1.84
Other Long-Term Liabilities	9.02	8.89	4.42	3.48	3.55	4.04
Total Liabilities	328.39	261.09	246.25	233.26	142.19	82.73
Common Stock	26.5	26.5	26.5	26.5	26.5	21.75
Additional Paid-In Capital	45.43	45.43	45.4	45.43	45.43	12
Retained Earnings	17.47	39.19	42.21	29.35	20.67	6.24
Comprehensive Income & Other	52.87	33.84	17.03	7.72	0.29	0.24
Shareholders' Equity	142.28	144.96	131.14	109	92.89	40.22
Total Liabilities & Equity	470.66	406.06	377.39	342.26	235.08	122.95
Total Debt	135.07	72.76	74.54	91.39	42.86	21.79
Net Cash (Debt)	-63.24	-12.51	1.88	-10.07	42.76	-3.84
Net Cash Per Share	-1.19	-0.24	0.04	-0.19	0.81	-0.18
Filing Date Shares Outstanding	53	53	53	53	53	43.5
Total Common Shares Outstanding	53	53	53	53	53	43.5
Working Capital	111.25	58.48	31.62	13.12	45.84	4.87
Book Value Per Share	2.68	2.74	2.47	2.06	1.75	0.92
Tangible Book Value	107.64	110.2	96.26	74.32	89.33	36.67
Tangible Book Value Per Share	2.03	2.08	1.82	1.40	1.69	0.84
Land	11.21	11.22	10.94	7.1	3.03	3.03
Buildings	62.83	62.83	61.97	44.63	44.63	27.23
Machinery	80.52	80.52	79.86	53.55	52.3	50.26
Construction In Progress	3.79	2.26	4.71	26.03	8.41	10.21
Order Backlog	-	1,242	-	-	826.67	-

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.