Arctic Paper Balance Sheet

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	108.69	151.64	287.58	500.45	481.93	167.93
Cash & Short-Term Investments	108.69	151.64	287.58	500.45	481.93	167.93
Cash Growth	-52.85%	-47.27%	-42.54%	3.84%	186.99%	-34.29%
Accounts Receivable	427.48	390.13	360.74	364.42	503.39	359.16
Other Receivables	26.29	-	84.19	51.85	0.63	51.78
Receivables	453.77	390.13	444.93	416.27	504.02	410.94
Inventory	415.55	443.53	495.04	444.93	601.21	402.87
Other Current Assets	55.57	48.02	37.08	68.97	295.46	105.78
Total Current Assets	1,034	1,033	1,265	1,431	1,883	1,088
Property, Plant & Equipment	1,511	-	1,419	1,166	1,125	1,155
Long-Term Investments	5.21	-	5.06	4.89	4.26	2.94
Goodwill	8.23	-	7.84	8.23	8.85	9.42
Other Intangible Assets	101.7	-	38.2	58.46	63.9	56.67
Long-Term Deferred Tax Assets	6.93	-	6.45	3.18	5.2	14.3
Other Long-Term Assets	16.62	1,643	15.71	51.32	164.66	63.14
Total Assets	2,684	2,676	2,757	2,723	3,254	2,389
Accounts Payable	441.26	454.53	405.47	412.92	551.21	476.1
Accrued Expenses	101.89	-	111.95	115.82	133.17	121.11
Short-Term Debt	-	-	-	0.16	8.06	0.18
Current Portion of Long-Term Debt	128.19	205.8	52.65	43.86	35.39	87.63
Current Portion of Leases	-	-	4.76	4.72	-	8.85
Current Income Taxes Payable	1.59	-	17.93	29.49	55.04	3.91
Current Unearned Revenue	11.59	-	9.13	8.71	14.84	7.16
Other Current Liabilities	8.12	115.81	10.79	25.94	9.2	17.13
Total Current Liabilities	692.63	776.14	612.68	641.62	806.91	722.07
Long-Term Debt	172.44	92.56	179.11	79.31	162.32	162.11
Long-Term Leases	-	-	20.63	24.02	-	28.26
Long-Term Unearned Revenue	4.35	-	6.6	8.11	10.51	13.87
Pension & Post-Retirement Benefits	20.03	-	20.43	41.14	43.55	111.99
Long-Term Deferred Tax Liabilities	70.27	-	110.32	121.21	177.75	106.63
Other Long-Term Liabilities	42.42	110.27	38.48	5.96	1.26	1.35
Total Liabilities	1,002	978.96	988.24	921.37	1,202	1,146
Common Stock	69.29	1,697	69.29	69.29	69.29	69.29
Additional Paid-In Capital	625.73	-	625.73	443.81	407.98	-
Retained Earnings	460.65	-	765.92	862.04	837.7	226.11
Comprehensive Income & Other	224.2	-	-5.65	68.3	272.65	616.74
Total Common Equity	1,380	1,697	1,455	1,443	1,588	912.14
Minority Interest	301.64	-	313.43	358.08	464.56	330.86
Shareholders' Equity	1,682	1,697	1,769	1,802	2,052	1,243
Total Liabilities & Equity	2,684	2,676	2,757	2,723	3,254	2,389
Total Debt	300.62	298.36	257.14	152.08	205.77	287.02
Net Cash (Debt)	-191.94	-146.71	30.44	348.37	276.16	-119.1
Net Cash Growth	-	-	-91.26%	26.15%	-	-
Net Cash Per Share	-2.79	-2.12	0.44	5.03	3.99	-1.72
Filing Date Shares Outstanding	68.98	69.29	69.29	69.29	69.29	69.29
Total Common Shares Outstanding	68.98	69.29	69.29	69.29	69.29	69.29
Working Capital	340.95	257.18	651.96	789	1,076	365.45
Book Value Per Share	20.00	24.50	21.00	20.83	22.91	13.16
Tangible Book Value	1,270	1,697	1,409	1,377	1,515	846.05
Tangible Book Value Per Share	18.41	24.50	20.34	19.87	21.86	12.21
Land	-	-	578.36	570.81	-	583.68
Machinery	-	-	2,256	2,160	-	2,182
Construction In Progress	-	-	332.2	152.54	-	90.53