Biomass Energy Project 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	0.13	0.17	0.12	1.33	0.62	1.41
Short-Term Investments	0.03	0.03	-	-	-	-
Cash & Short-Term Investments	0.16	0.2	0.12	1.33	0.62	1.41
Cash Growth	-47.04%	65.36%	-90.88%	115.10%	-56.31%	246.03%
Accounts Receivable	11.25	10.27	8.06	7.62	13.27	8.22
Other Receivables	2.13	2.48	2.49	1.86	1.84	1.1
Receivables	13.38	12.75	10.55	9.48	15.12	9.32
Inventory	12.87	13.88	14.22	12.67	13.27	14.27
Total Current Assets	26.41	26.83	24.88	23.48	29	25
Property, Plant & Equipment	3.76	3.85	5.36	4.54	4.47	4.43
Long-Term Investments	1.9	1.88	1.85	1.85	1.81	1.81
Other Intangible Assets	3.58	4.04	4.64	1.6	1.6	0.02
Other Long-Term Assets	2.58	2.56	2.49	4.8	4.99	5.73
Total Assets	38.24	39.16	39.23	36.26	41.87	36.99
Accounts Payable	1.83	1.77	1.82	3.48	8.53	7.32
Accrued Expenses	0.09	2.69	3.03	2.29	1.2	1.22
Current Portion of Long-Term Debt	0.24	0.19	0.17	0.09	0.22	0.16
Current Income Taxes Payable	0.09	0.06	0.06	0.25	0.1	0.04
Current Unearned Revenue	0.6	0.6	0.6	0.6	0.6	0.66
Other Current Liabilities	0.13	0.12	0.33	0.22	0.04	0.05
Total Current Liabilities	2.97	5.44	6.01	6.92	10.7	9.46
Long-Term Debt	0.2	0.2	0.25	2.94	2.94	2.17
Other Long-Term Liabilities	6.14	4.19	4.22	4.2	4.2	4.06
Total Liabilities	9.32	9.83	10.47	14.06	17.83	15.69
Common Stock	12.65	12.65	12.65	8.28	8.28	8.28
Retained Earnings	16.07	16.28	15.86	13.88	15.69	12.95
Total Common Equity	28.72	28.93	28.51	22.15	23.97	21.23
Minority Interest	0.2	0.4	0.26	0.05	0.07	0.07
Shareholders' Equity	28.92	29.33	28.77	22.2	24.04	21.29
Total Liabilities & Equity	38.24	39.16	39.23	36.26	41.87	36.99
Total Debt	0.44	0.39	0.41	3.03	3.16	2.33
Net Cash (Debt)	-0.28	-0.19	-0.29	-1.7	-2.54	-0.92
Net Cash Per Share	-0.00	-0.00	-0.00	-0.02	-0.03	-0.01
Filing Date Shares Outstanding	126.45	126.45	126.45	82.76	82.76	82.76
Total Common Shares Outstanding	126.45	126.45	126.45	82.76	82.76	82.76
Working Capital	23.44	21.39	18.88	16.56	18.31	15.54
Book Value Per Share	0.23	0.23	0.23	0.27	0.29	0.26
Tangible Book Value	25.14	24.89	23.87	20.56	22.37	21.21
Tangible Book Value Per Share	0.20	0.20	0.19	0.25	0.27	0.26

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