Arctic Paper Balance Sheet

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	151.64	287.58	500.45	481.93	167.93
Cash & Short-Term Investments	151.64	287.58	500.45	481.93	167.93
Cash Growth	-47.27%	-42.54%	3.84%	186.99%	-34.29%
Accounts Receivable	390.13	360.74	364.42	503.39	359.16
Other Receivables	-	84.19	51.85	0.63	51.78
Receivables	390.13	444.93	416.27	504.02	410.94
Inventory	443.53	495.04	444.93	601.21	402.87
Other Current Assets	48.02	37.08	68.97	295.46	105.78
Total Current Assets	1,033	1,265	1,431	1,883	1,088
Property, Plant & Equipment	-	1,419	1,166	1,125	1,155
Long-Term Investments	-	5.06	4.89	4.26	2.94
Goodwill	-	7.84	8.23	8.85	9.42
Other Intangible Assets	-	38.2	58.46	63.9	56.67
Long-Term Deferred Tax Assets	-	6.45	3.18	5.2	14.3
Other Long-Term Assets	1,643	15.71	51.32	164.66	63.14
Total Assets	2,676	2,757	2,723	3,254	2,389
Accounts Payable	454.53	405.47	412.92	551.21	476.1
Accrued Expenses	-	111.95	115.82	133.17	121.11
Short-Term Debt	-	-	0.16	8.06	0.18
Current Portion of Long-Term Debt	205.8	52.65	43.86	35.39	87.63
Current Portion of Leases	-	4.76	4.72	-	8.85
Current Income Taxes Payable	-	17.93	29.49	55.04	3.91
Current Unearned Revenue	-	9.13	8.71	14.84	7.16
Other Current Liabilities	115.81	10.79	25.94	9.2	17.13
Total Current Liabilities	776.14	612.68	641.62	806.91	722.07
Long-Term Debt	92.56	179.11	79.31	162.32	162.11
Long-Term Leases	-	20.63	24.02	-	28.26
Long-Term Unearned Revenue	-	6.6	8.11	10.51	13.87
Pension & Post-Retirement Benefits	-	20.43	41.14	43.55	111.99
Long-Term Deferred Tax Liabilities	-	110.32	121.21	177.75	106.63
Other Long-Term Liabilities	110.27	38.48	5.96	1.26	1.35
Total Liabilities	978.96	988.24	921.37	1,202	1,146
Common Stock	1,697	69.29	69.29	69.29	69.29
Additional Paid-In Capital	-	625.73	443.81	407.98	-
Retained Earnings	-	765.92	862.04	837.7	226.11
Comprehensive Income & Other	-	-5.65	68.3	272.65	616.74
Total Common Equity	1,697	1,455	1,443	1,588	912.14
Minority Interest	-	313.43	358.08	464.56	330.86
Shareholders' Equity	1,697	1,769	1,802	2,052	1,243
Total Liabilities & Equity	2,676	2,757	2,723	3,254	2,389
Total Debt	298.36	257.14	152.08	205.77	287.02
Net Cash (Debt)	-146.71	30.44	348.37	276.16	-119.1
Net Cash Growth	-	-91.26%	26.15%	-	-
Net Cash Per Share	-2.12	0.44	5.03	3.99	-1.72
Filing Date Shares Outstanding	69.29	69.29	69.29	69.29	69.29
Total Common Shares Outstanding	69.29	69.29	69.29	69.29	69.29
Working Capital	257.18	651.96	789	1,076	365.45
Book Value Per Share	24.50	21.00	20.83	22.91	13.16
Tangible Book Value	1,697	1,409	1,377	1,515	846.05
Tangible Book Value Per Share	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

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