Polwax Balance Sheet

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

Millions PLN. 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	0.89	29.63	3.78	3.15	13.84	14.52
Cash & Short-Term Investments	0.89	29.63	3.78	3.15	13.84	14.52
Cash Growth	-32.98%	683.32%	20.06%	-77.24%	-4.63%	134.34%
Accounts Receivable	25.06	3.5	10.31	15.4	20.68	24.78
Other Receivables	-	6.8	6.79	6.67	7.7	8.23
Receivables	25.06	10.3	17.11	22.07	28.38	33.01
Inventory	78.27	31.25	35.91	53.25	39.55	26.47
Prepaid Expenses	1.98	0.24	0.32	0.2	0.21	0.19
Other Current Assets	11.04	11.09	22.94	29.08	22.69	22.37
Total Current Assets	117.22	82.52	80.07	107.75	104.67	96.56
Property, Plant & Equipment	25.91	23.83	25.46	25.85	27.27	29.92
Other Intangible Assets	0.07	0.09	0.35	0.69	0.89	1.18
Long-Term Deferred Tax Assets	4.98	5.41	5.94	9.47	9.13	9.1
Other Long-Term Assets	-	0.8	-	0.01	-	0.13
Total Assets	148.19	112.66	111.81	143.77	141.96	136.89
Accounts Payable	-	4.43	4.81	13.27	6.06	5.8
Accrued Expenses	0.84	30.74	2.38	3.82	1.9	1.79
Short-Term Debt	-	2.21	6.67	11.11	15.15	20.19
Current Portion of Leases	-	0.37	0.32	0.04	0.14	0.19
Current Income Taxes Payable	-	1.08	1.07	1.28	6.33	4.78
Current Unearned Revenue	-	0	4.3	1.09	4.9	0.2
Other Current Liabilities	73.2	9.72	9.8	10.16	9.64	9.74
Total Current Liabilities	74.03	48.55	29.36	40.76	44.12	42.68
Long-Term Leases	15.14	0.5	0.76	0.01	0.09	0.24
Pension & Post-Retirement Benefits	0.24	0.24	0.52	2.19	2.67	3.23
Long-Term Deferred Tax Liabilities	0.53	0.67	0.75	0.66	0.61	0.89
Other Long-Term Liabilities	0.39	0.45	26.19	0.72	0.91	1.07
Total Liabilities	90.33	50.41	57.59	44.34	48.39	48.1
Common Stock	3.09	3.09	1.55	1.55	1.55	1.55
Additional Paid-In Capital	-	-	-	-	23.16	23.16
Retained Earnings	49.67	54.06	11.98	57.19	68.87	64.09
Comprehensive Income & Other	5.1	5.1	40.7	40.7	-	-
Shareholders' Equity	57.85	62.24	54.23	99.43	93.57	88.79
Total Liabilities & Equity	148.19	112.66	111.81	143.77	141.96	136.89
Total Debt	15.14	3.08	7.76	11.16	15.38	20.62
Net Cash (Debt)	-14.26	26.55	-3.98	-8	-1.54	-6.1
Net Cash Per Share	-0.17	0.43	-0.13	-0.26	-0.05	-0.43
Filing Date Shares Outstanding	61.7	61.7	30.9	30.9	30.9	30.9
Total Common Shares Outstanding	61.7	61.7	30.9	30.9	30.9	30.9
Working Capital	43.19	33.96	50.7	66.99	60.55	53.88
Book Value Per Share	0.94	1.01	1.75	3.22	3.03	2.87
Tangible Book Value	57.79	62.15	53.87	98.74	92.68	87.61
Tangible Book Value Per Share	0.94	1.01	1.74	3.20	3.00	2.84
Land	-	2.44	2.06	2.06	2.06	2.3
Buildings	-	30.79	30.78	30.7	30.15	31.02
Machinery	-	37.98	37.35	35.42	35.22	33.84
Construction In Progress	-	3.16	3.48	3.87	3.77	3.95

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