Passus 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	15.41	16.44	16.8	32	10.17	5.05
Short-Term Investments	-	9.14	-	-	-	-
Cash & Short-Term Investments	15.41	25.58	16.8	32	10.17	5.05
Cash Growth	391.99%	52.22%	-47.49%	214.54%	101.52%	-64.46%
Accounts Receivable	13.31	19.07	22.54	8.79	24	5.94
Other Receivables	-	1.6	3.33	1.87	2.04	3.33
Receivables	15.63	22.88	25.91	10.66	26.04	9.27
Inventory	1.19	1.4	2.06	0.15	0.14	1.75
Prepaid Expenses	-	0.15	0.18	1.89	0.74	-
Restricted Cash	-	-	-	-	-	0.13
Other Current Assets	13.14	9.13	11.64	13.03	10.91	3.06
Total Current Assets	45.36	59.14	56.6	57.73	47.99	19.27
Property, Plant & Equipment	0.42	1.89	2.74	2.17	2.45	1.26
Long-Term Investments	-	-	-	-	-	0.07
Goodwill	1.99	1.99	1.99	1.99	1.99	1.75
Other Intangible Assets	-	-	0.83	1.22	2.27	1.89
Long-Term Deferred Tax Assets	2.4	2.75	2.69	2.47	2.18	0.15
Long-Term Deferred Charges	0.11	0.69	7.39	7.2	2.24	5.2
Other Long-Term Assets	1.06	1.02	0.74	0.32	0.43	-
Total Assets	51.34	67.49	72.98	73.08	59.56	29.59
Accounts Payable	14.57	16.05	23.25	23.82	20.18	10.59
Accrued Expenses	2.82	6.85	3.73	6.14	4.68	2.94
Short-Term Debt	-	-	-	-	-	1.69
Current Portion of Leases	0.31	0.58	0.56	0.51	0.61	-
Current Income Taxes Payable	-	-	0.95	0.65	0.88	0.85
Current Unearned Revenue	9.68	11.82	18.51	20.69	17.42	0
Other Current Liabilities	1.99	1.79	1.01	0.63	0.14	0.15
Total Current Liabilities	29.37	37.08	48.01	52.43	43.9	16.21
Long-Term Leases	0.21	0.46	0.61	0.56	0.52	-
Pension & Post-Retirement Benefits	0.01	0.01	0.03	0.02	0.06	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.16
Other Long-Term Liabilities	-	-	-	0.27	0.13	2.92
Total Liabilities	29.59	37.56	48.66	53.28	44.61	19.29
Common Stock	0.18	0.21	0.21	0.21	0.19	0.19
Additional Paid-In Capital	0.32	4.44	2.97	2.97	1.18	1.18
Retained Earnings	18.84	23.14	18.83	15.16	11.06	2.04
Comprehensive Income & Other	-	-	-	-	1.4	6.55
Total Common Equity	19.33	27.78	22	18.33	13.84	9.96
Minority Interest	2.42	2.15	2.32	1.47	1.12	0.34
Shareholders' Equity	21.75	29.93	24.32	19.8	14.95	10.3
Total Liabilities & Equity	51.34	67.49	72.98	73.08	59.56	29.59
Total Debt	0.52	1.04	1.17	1.08	1.14	1.69
Net Cash (Debt)	14.89	24.54	15.63	30.92	9.04	3.36
Net Cash Growth	-	56.96%	-49.45%	242.12%	169.14%	-40.71%
Net Cash Per Share	8.03	11.95	7.61	15.06	4.41	1.75
Filing Date Shares Outstanding	1.79	1.79	2.05	2.05	1.92	1.92
Total Common Shares Outstanding	1.79	1.79	2.05	2.05	1.92	1.92
Working Capital	15.99	22.06	8.59	5.29	4.09	3.06
Book Value Per Share	10.81	15.55	10.72	8.93	7.22	5.20
Tangible Book Value	17.34	25.8	19.18	15.13	9.57	6.32
Tangible Book Value Per Share	9.70	14.43	9.35	7.37	5.00	3.30
Buildings	2.38	2.38	1.97	1.57	1.57	-
Machinery	3.07	4.92	5.47	4.31	4.16	3.06

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