Excellence 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	-	-	3.7	0.95	0.63	1.27
Short-Term Investments	8.87	8.48	0.66	0.63	0.05	-
Cash & Short-Term Investments	8.87	8.48	4.36	1.57	0.68	1.27
Cash Growth	223.41%	94.54%	177.37%	130.27%	-46.11%	1014.45%
Accounts Receivable	-	-	8.64	9.34	9.17	10.15
Other Receivables	13.36	9.94	1.65	1.25	1.44	1.09
Receivables	13.36	9.94	10.29	10.59	10.61	11.29
Inventory	10.87	11.86	9.16	11.06	13.04	12.42
Other Current Assets	-	2	0.2	0.07	0.07	0.67
Total Current Assets	33.1	32.28	24.01	23.28	24.41	25.64
Property, Plant & Equipment	19.32	18.62	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	2.73	2.79	2.51	2.65	2.81	2.97
Long-Term Deferred Tax Assets	0.01	0.33	0.42	0.31	0.23	-
Other Long-Term Assets	1.73	1.73	1.73	1.7	0.79	0.34
Total Assets	56.89	55.82	43.22	40.23	39.59	43.13
Accounts Payable	-	-	5.42	6.87	8.8	9.29
Accrued Expenses	0.33	0.19	0.75	0.46	0.39	0.06
Short-Term Debt	-	-	-	1.91	7.51	6.83
Current Portion of Long-Term Debt	-	-	0.19	2.34	0.63	0.52
Current Portion of Leases	-	-	0.12	0.18	0.41	1.13
Current Income Taxes Payable	-	-	0.04	0.09	0.03	0.91
Current Unearned Revenue	-	-	0.01	0	0.1	-
Other Current Liabilities	8.6	7.57	0.05	0.41	0.17	1.27
Total Current Liabilities	8.93	7.77	6.59	12.26	18.04	20
Long-Term Debt	-	-	1.35	1.54	-	0.3
Long-Term Leases	-	-	0.22	0.04	0.18	2.18
Long-Term Unearned Revenue	-	-	0.18	0.2	0.2	0.31
Pension & Post-Retirement Benefits	0.53	0.3	0.15	0.07	0.06	-
Long-Term Deferred Tax Liabilities	0.55	0.63	0.51	0.55	0.65	-
Other Long-Term Liabilities	0.48	1.32	-	-	-	0.38
Total Liabilities	10.49	10.01	9	14.65	19.13	23.18
Common Stock	15.77	17.77	15.77	15.77	15.77	15.77
Additional Paid-In Capital	15.15	15.15	9.6	4.87	3.99	2.92
Retained Earnings	11.59	9.26	6.14	2.91	-0.88	0.19
Total Common Equity	42.52	42.18	31.51	23.55	18.88	18.89
Minority Interest	3.88	3.63	2.71	2.02	1.58	1.06
Shareholders' Equity	46.4	45.81	34.22	25.58	20.46	19.95
Total Liabilities & Equity	56.89	55.82	43.22	40.23	39.59	43.13
Total Debt	-	-	1.88	6.01	8.73	10.96
Net Cash (Debt)	8.87	8.48	2.47	-4.44	-8.04	-9.69
Net Cash Growth	332.58%	242.66%	-	-	-	-
Net Cash Per Share	-	-	0.02	-0.03	-0.05	-0.06
Filing Date Shares Outstanding	-	-	157.73	157.73	157.73	157.73
Total Common Shares Outstanding	-	-	157.73	157.73	157.73	157.73
Working Capital	24.17	24.51	17.42	11.02	6.37	5.64
Book Value Per Share	-	-	0.20	0.15	0.12	0.12
Tangible Book Value	39.79	39.33	28.58	20.12	14.93	14.11
Tangible Book Value Per Share	-	-	0.18	0.13	0.09	0.09
Land	-	-	3.39	2.1	2.03	1.83
Buildings	-	-	6.89	6.89	5.24	4.92
Machinery	-	-	12.1	11.06	10.32	8.7
Construction In Progress	-	-	0.85	0.25	0.41	0.14

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