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	Mar 31, 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	8.87	8.49	4.36	1.57	0.68	0.06
Cash & Short-Term Investments	8.87	16.66	8.05	2.52	1.31	1.32
Cash Growth	223.41%	106.92%	220.09%	91.58%	-0.71%	-29.64%
Accounts Receivable	12.96	19.54	20.54	10.59	10.61	10.16
Other Current Assets	11.28	12.02	9.39	11.12	13.12	14.16
Total Current Assets	33.1	30.28	24.01	23.28	24.41	25.64
Net Property, Plant & Equipment	19.32	19.96	14.13	11.5	10.1	12.31
Other Intangible Assets	2.73	2.69	2.51	2.65	3.95	-
Goodwill	-	0.06	0.42	0.78	1.15	1.81
Long-Term Investments	1.33	0	1.33	1.33	0.53	0.4
Other Long-Term Assets	0.42	0.75	0.83	0.69	0.6	0
Total Assets	56.89	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	4.5	5.42	6.87	8.76	9.29
Accrued Expenses	0.33	0.19	0.19	0.2	0.3	-
Short-Term Debt	-	1.34	0.31	4.43	8.54	8.47
Other Current Liabilities	9.71	1.33	0.88	12.87	18.65	2.24
Total Current Liabilities	10.03	7.36	6.8	24.37	36.26	20
Long-Term Debt	0.46	1.89	3.14	1.58	0.18	2.48
Other Long-Term Liabilities	-	0.76	0.51	-	-	0.69
Total Long-Term Liabilities	0.46	2.65	3.66	1.58	0.18	3.18
Total Liabilities	10.49	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	Mar 31, 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	15.74	18.29	10.18	5.46	4.57	3.51
Retained Earnings	11.01	5.89	5.55	2.32	-1.47	-0.4
Total Common Shareholders' Equity	42.52	39.95	31.51	23.55	18.88	19.95
Minority Interest	3.88	3.55	2.71	2.02	1.58	1.06
Shareholders' Equity	46.4	43.5	34.22	25.58	20.46	21.01
Total Liabilities & Equity	56.89	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.46	3.23	3.46	6.01	8.73	10.96
Net Cash (Debt)	8.41	13.44	4.6	-3.5	-7.41	-9.63
Net Cash Growth	310.22%	192.22%	-	-	-	-
Net Cash Per Share	0.06	0.09	0.03	-0.02	-0.05	-0.06
Book Value	42.52	39.95	31.51	23.55	18.88	19.95
Book Value Per Share	0.29	0.25	0.20	0.15	0.12	0.13
Tangible Book Value	39.79	37.2	28.58	20.12	13.78	18.14
Tangible Book Value Per Share	0.27	0.24	0.18	0.13	0.09	0.12

Data Source: Fiscal.ai Last updated: Feb 13, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error