FRA:2ZO 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	17.33	31.63	34.28	5.17	21.92	14.08
Accounts Receivable	165.63	352.31	458.06	239.81	209.28	168.37
Other Receivables	726.4	1,078	957.34	544.39	595.24	639.51
Inventory	90.21	108.65	209.29	94.03	63.97	120.3
Prepaid Expenses	0.31	-	-	-	-	-
Other Current Assets	99.88	250.99	262.88	283.51	310.79	66.55
Total Current Assets	1,100	1,821	1,922	1,167	1,201	1,009
Property, Plant & Equipment	2,786	2,724	2,603	2,143	1,728	1,679
Goodwill	41.56	41.56	41.56	41.56	41.56	41.56
Other Intangible Assets	11.05	0.87	0.96	0.66	0.79	0.94
Long-Term Investments	0.22	0.22	0.22	0.02	0.02	-
Long-Term Deferred Tax Assets	90.06	82.07	97.2	73.12	73.76	77.12
Long-Term Deferred Charges	-	-	-	-	-	3.06
Long-Term Accounts Receivable	3.12	3.22	3.37	4.22	4.4	5.36
Other Long-Term Assets	20.09	59.83	52.44	101.27	156.71	39.2
Total Assets	4,052	4,733	4,721	3,531	3,207	2,855
Accounts Payable	66.67	936.55	986.2	279.82	388.35	172.71
Accrued Expenses	178.88	203.16	190.82	27.07	39.25	36.91
Current Portion of Long-Term Debt	31.7	31.7	0.42	0.07	-	-
Current Unearned Revenue	6.86	5.74	8.48	5.87	6.39	8.69
Current Portion of Leases	9.38	9.73	8.76	7.45	2.34	2.34
Current Income Taxes Payable	43.95	2.19	40.12	49.31	11.44	12.01
Other Current Liabilities	704.25	615.6	370.48	656.44	329.07	275.53
Total Current Liabilities	1,042	1,805	1,605	1,026	776.83	508.18
Long-Term Debt	289.38	313.14	337.21	21.29	-	-
Long-Term Leases	80.27	83.37	87.18	83.63	55.63	55.91
Long-Term Unearned Revenue	105.93	111.76	108.01	83.12	88	87.18
Pension & Post-Retirement Benefits	7.71	7.4	7.67	6.67	7.92	9.74
Long-Term Deferred Tax Liabilities	32.6	57.75	62.79	24.52	73.79	83.18
Other Long-Term Liabilities	21.8	16.26	375.32	393.66	458.28	424.91
Total Liabilities	1,579	2,394	2,583	1,639	1,460	1,169
Common Stock	252.5	74.5	74.5	74.5	74.5	74.5
Additional Paid-In Capital	251.26	251.26	251.26	251.26	251.26	251.26
Retained Earnings	1,015	873.84	851.47	596.3	469.98	412.46
Comprehensive Income & Other	953.49	1,139	959.85	960.68	943.9	941.33
Total Common Equity	2,473	2,338	2,137	1,883	1,740	1,680
Minority Interest	-	-	-	9.19	6.77	6.19
Shareholders' Equity	2,473	2,338	2,137	1,892	1,746	1,686
Total Liabilities & Equity	4,052	4,733	4,721	3,531	3,207	2,855
Total Debt	410.73	437.93	433.57	112.43	57.97	58.25
Net Cash (Debt)	-393.39	-406.3	-399.3	-107.26	-36.04	-44.16
Net Cash Per Share	-26.41	-27.27	-26.80	-7.20	-2.42	-2.96
Filing Date Shares Outstanding	14.9	14.9	14.9	14.9	14.9	14.9
Total Common Shares Outstanding	14.9	14.9	14.9	14.9	14.9	14.9
Working Capital	58.08	16.45	316.57	140.87	424.38	500.64
Book Value Per Share	165.95	156.93	143.43	126.36	116.75	112.72
Tangible Book Value	2,420	2,296	2,095	1,841	1,697	1,637
Tangible Book Value Per Share	162.41	154.08	140.57	123.52	113.91	109.87
Land	-	1.85	1.85	1.85	1.85	1.85
Buildings	-	1,627	1,594	1,472	1,448	1,412
Machinery	-	3,306	3,319	3,122	3,003	3,046
Construction In Progress	-	1,044	819.83	502.49	212.25	92.43

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