Excellence S.A. (WSE:EXC)

Excellence Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	-	8.17	3.7	0.95	0.63	1.27
Short-Term Investments	15.81	0.32	0.66	0.63	0.05	-
Cash & Short-Term Investments	15.81	8.49	4.36	1.57	0.68	1.27
Cash Growth	601.49%	94.86%	177.37%	130.27%	-46.11%	1014.45%
Accounts Receivable	12.15	8.37	8.64	9.34	9.17	10.15
Other Receivables	0.57	1.45	1.63	1.25	1.44	1.09
Receivables	12.72	9.82	10.27	10.59	10.61	11.29
Inventory	10.15	11.8	9.16	11.06	13.04	12.42
Prepaid Expenses	-	0.17	0.12	-	-	-
Other Current Assets	0	-	0.11	0.07	0.07	0.67
Total Current Assets	38.67	30.28	24.01	23.28	24.41	25.64
Property, Plant & Equipment	21.9	19.94	14.13	11.5	10.1	12.31
Long-Term Investments	-	-	-	-	0.11	0.06
Goodwill	-	0.06	0.42	0.78	1.15	1.81
Other Intangible Assets	2.4	2.69	2.51	2.65	2.81	2.97
Long-Term Deferred Tax Assets	0.01	0.34	0.42	0.31	0.23	-
Other Long-Term Assets	0.41	0.43	1.73	1.7	0.79	0.34
Total Assets	63.39	53.74	43.22	40.23	39.59	43.13

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	4.5	5.42	6.87	8.8	9.29
Accrued Expenses	-	1.79	0.56	0.46	0.39	0.06
Short-Term Debt	-	-	-	1.91	7.51	6.83
Current Portion of Long-Term Debt	-	0.94	0.19	2.34	0.63	0.52
Current Portion of Leases	-	0.39	0.12	0.18	0.41	1.13
Current Income Taxes Payable	-	0.4	0.24	0.09	0.03	0.91
Current Unearned Revenue	-	0.01	0.01	0	0.1	-
Other Current Liabilities	11.11	0.07	0.05	0.41	0.17	1.27
Total Current Liabilities	11.11	8.1	6.59	12.26	18.04	20
Long-Term Debt	0.41	0.41	1.35	1.54	-	0.3
Long-Term Leases	-	0.53	0.22	0.04	0.18	2.18
Long-Term Unearned Revenue	0.33	0.18	0.18	0.2	0.2	0.31
Pension & Post-Retirement Benefits	0.55	0.26	0.15	0.07	0.06	-
Long-Term Deferred Tax Liabilities	0.55	0.76	0.51	0.55	0.65	-
Other Long-Term Liabilities	-	-	-	-	-	0.38
Total Liabilities	12.95	10.24	9	14.65	19.13	23.18

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	15.77	15.77	15.77	15.77	15.77	15.77
Additional Paid-In Capital	26.14	17.7	9.6	4.87	3.99	2.92
Retained Earnings	4.63	6.47	6.14	2.91	-0.88	0.19
Total Common Equity	46.54	39.95	31.51	23.55	18.88	18.89
Minority Interest	3.9	3.55	2.71	2.02	1.58	1.06
Shareholders' Equity	50.44	43.5	34.22	25.58	20.46	19.95
Total Liabilities & Equity	63.39	53.74	43.22	40.23	39.59	43.13

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.41	2.28	1.88	6.01	8.73	10.96
Net Cash (Debt)	15.39	6.21	2.47	-4.44	-8.04	-9.69
Net Cash Growth	890.01%	150.96%	-	-	-	-
Net Cash Per Share	0.10	0.04	0.02	-0.03	-0.05	-0.06
Filing Date Shares Outstanding	157.73	157.73	157.73	157.73	157.73	157.73
Total Common Shares Outstanding	157.73	157.73	157.73	157.73	157.73	157.73
Working Capital	27.56	22.18	17.42	11.02	6.37	5.64
Book Value Per Share	0.30	0.25	0.20	0.15	0.12	0.12
Tangible Book Value	44.13	37.2	28.58	20.12	14.93	14.11
Tangible Book Value Per Share	0.28	0.24	0.18	0.13	0.09	0.09
Land	-	3.44	3.39	2.1	2.03	1.83
Buildings	-	8.16	6.89	6.89	5.24	4.92
Machinery	-	17.62	12.1	11.06	10.32	8.7
Construction In Progress	-	1.08	0.85	0.25	0.41	0.14

Data Source: S&P Global Market Intelligence Last updated: Aug 14, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 25, 2026

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