VRG S.A. 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	14.5	16.99	78.14	95.9	114.57	48.84
Cash & Short-Term Investments	14.5	16.99	78.14	95.9	114.57	48.84
Cash Growth	22.47%	-78.26%	-18.52%	-16.30%	134.59%	93.19%
Accounts Receivable	25.92	7.53	8.27	8.62	7.23	13.33
Other Receivables	-	13.61	6.27	3.04	2.98	-
Receivables	25.92	21.14	14.54	11.66	10.21	13.33
Inventory	783	734.2	563.01	553.26	499.17	505.58
Prepaid Expenses	-	3.16	1.95	2.11	1.88	-
Other Current Assets	0.03	0.71	0.73	0.61	0.75	0.45
Total Current Assets	823.44	776.2	658.36	663.53	626.58	568.21
Property, Plant & Equipment	410.08	385.12	349.99	322.82	340.09	373.32
Long-Term Investments	0.01	0.01	0.03	0.03	0.03	0.03
Goodwill	302.75	302.75	302.75	302.75	302.75	302.75
Other Intangible Assets	197.57	198	198.79	199.38	197.71	196.24
Long-Term Deferred Tax Assets	18.4	18.23	18.65	22.12	26.12	24.52
Other Long-Term Assets	2.66	2.02	1.22	1.03	1.11	1.17
Total Assets	1,755	1,682	1,530	1,512	1,494	1,466
Accounts Payable	155.7	143.5	112.76	108.09	104.97	123.9
Accrued Expenses	8.26	46.84	38.57	37.9	46.42	24.44
Short-Term Debt	-	73.54	16.87	25.01	22.7	39.57
Current Portion of Long-Term Debt	144.86	-	19.46	13.86	14.61	13.08
Current Portion of Leases	105.18	105.32	102.55	102.23	97.57	98.84
Current Income Taxes Payable	1.41	6.56	6.13	5.77	6.98	3.35
Current Unearned Revenue	-	4.37	12.41	21.74	19.4	12.46
Other Current Liabilities	7.18	33.34	37.7	29.99	19.91	20.01
Total Current Liabilities	422.6	413.46	346.46	344.58	332.56	335.65
Long-Term Debt	-	-	-	19.46	33.66	47.2
Long-Term Leases	218.26	201.11	182.07	201.66	236.96	258.35
Pension & Post-Retirement Benefits	1.31	1.31	1.22	1.03	1.12	1.24
Other Long-Term Liabilities	2.44	2.34	2.44	2.16	0.43	0.44
Total Liabilities	644.61	618.22	532.19	568.89	604.73	642.88
Common Stock	49.12	49.12	49.12	49.12	49.12	49.12
Retained Earnings	1,045	1,001	934.15	879.31	826.21	759.9
Comprehensive Income & Other	16.62	14.14	14.33	14.33	14.33	14.33
Shareholders' Equity	1,110	1,064	997.6	942.77	889.66	823.35
Total Liabilities & Equity	1,755	1,682	1,530	1,512	1,494	1,466
Total Debt	468.31	379.97	320.96	362.22	405.49	457.05
Net Cash (Debt)	-453.81	-362.98	-242.82	-266.32	-290.92	-408.21
Net Cash Per Share	-1.96	-1.55	-1.03	-1.13	-1.20	-1.74
Filing Date Shares Outstanding	234.46	234.46	234.46	234.46	234.46	234.46
Total Common Shares Outstanding	234.46	234.46	234.46	234.46	234.46	234.46
Working Capital	400.85	362.74	311.91	318.95	294.02	232.55
Book Value Per Share	4.74	4.54	4.25	4.02	3.79	3.51
Tangible Book Value	609.99	563.36	496.06	440.63	389.21	324.36
Tangible Book Value Per Share	2.60	2.40	2.12	1.88	1.66	1.38
Land	-	119.46	116.85	108.55	110.15	117.24
Machinery	-	156.27	142.1	127.15	115.14	119.63
Construction In Progress	-	1.1	4.81	3.98	4.08	1.59

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