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	367.83	428.77	831.69	503.39	402.53
Inventory	415.55	443.53	495.04	444.93	601.21	402.87
Other Current Assets	81.86	70.32	53.24	68.97	296.09	114.19
Total Current Assets	1,034	1,033	1,265	1,846	1,883	1,088
Net Property, Plant & Equipment	1,511	1,528	1,419	-	1,127	1,158
Other Intangible Assets	101.7	78.45	38.2	-	63.9	56.67
Goodwill	8.23	8.21	7.84	-	8.85	9.42
Long-Term Investments	20.14	20.15	20.61	-	166.88	62.8
Other Long-Term Assets	8.62	8.58	6.62	-	5.47	14.6
Total Assets	2,684	2,676	2,757	2,723	3,254	2,389
Accounts Payable	441.26	454.53	427.15	447.92	551.21	506.81
Accrued Expenses	101.89	98.55	96.74	-	133.17	107.03
Current Portion of Long-Term Debt	128.19	195.02	52.65	48.74	35.39	84.49
Current Portion of Leases	7.52	10.78	8.72	-	8.06	12.17
Unearned Revenue	11.59	15.97	9.13	-	14.84	7.16
Other Current Liabilities	2.19	1.29	18.29	144.96	64.25	4.41
Total Current Liabilities	692.63	776.14	612.68	641.62	806.91	722.07
Long-Term Debt	172.44	56.06	179.11	104.2	139.17	161.21
Long-Term Leases	29.58	36.5	45.74	-	23.16	29.15
Other Long-Term Liabilities	107.49	110.27	150.71	175.56	233.07	233.84
Total Long-Term Liabilities	309.5	202.83	375.56	279.75	395.4	424.21
Total Liabilities	1,002	978.96	988.24	921.37	1,202	1,146
Common Stock	69.29	69.29	69.29	-	69.29	69.29
Additional Paid-in Capital	974.68	966.04	764.48	-	720.42	609.2
Accumulated Other Comprehensive Income	-124.75	-101.86	-144.4	-	-39.79	7.53
Retained Earnings	460.65	482.04	765.92	-	837.7	226.11
Total Common Shareholders' Equity	1,380	1,416	1,455	-	1,588	912.14
Minority Interest	301.64	281.94	313.43	-	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	337.72	298.36	286.21	152.94	205.77	287.02
Net Cash (Debt)	-229.03	-146.71	1.37	347.51	276.16	-119.1
Net Cash Growth	-	-	-99.61%	25.83%	-	-
Net Cash Per Share	-3.31	-2.12	0.02	5.01	3.99	-1.72
Book Value	1,380	1,416	1,455	0	1,588	912.14
Book Value Per Share	19.92	20.43	21.00	-	22.91	13.16
Tangible Book Value	1,270	1,329	1,409	0	1,515	846.05
Tangible Book Value Per Share	18.33	19.18	20.34	-	21.86	12.21