M4B S.A. 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	0.37	2.78	0.44	3.46	0.11	0.92
Short-Term Investments	0.27	0.28	0.03	0.33	0.42	0.2
Cash & Short-Term Investments	0.63	3.06	0.47	3.79	0.53	1.13
Cash Growth	29.20%	545.15%	-87.47%	618.56%	-53.19%	-37.26%
Accounts Receivable	6.97	11.86	14.46	9.71	8.86	6.59
Other Receivables	3.35	0.61	0.54	0.35	0.42	2.83
Receivables	10.32	12.47	15	10.07	9.28	9.42
Inventory	20.17	19.95	17.64	18.55	14.5	8.91
Prepaid Expenses	-	0.05	0.08	0.05	0.06	0.02
Other Current Assets	-	0.5	0.49	2.22	1.32	0.02
Total Current Assets	31.12	36.04	33.69	34.67	25.69	19.49
Property, Plant & Equipment	1.58	2.07	2.6	1.36	1.83	0.6
Long-Term Investments	0.15	-	0.24	-	-	1.6
Other Intangible Assets	-	-	-	0	0.01	0
Long-Term Deferred Tax Assets	0.77	0.77	1.24	0.25	1.03	0.14
Long-Term Deferred Charges	6.31	8.79	8.06	4.14	2.37	2.96
Total Assets	39.93	47.66	45.83	40.43	30.92	24.78
Accounts Payable	4.21	5.49	7.38	4.63	2.76	1.83
Accrued Expenses	1.11	4.36	2.29	0.35	0.39	0.27
Short-Term Debt	12.17	13.3	9.31	9.86	6.08	1.97
Current Portion of Leases	-	0.3	2.71	1.64	0.28	-
Current Income Taxes Payable	1.07	1.97	1.91	1.41	1.02	0.47
Current Unearned Revenue	0.21	0.16	0.09	-	0.58	3.64
Other Current Liabilities	2.19	2.06	1.84	3.48	0.29	0.69
Total Current Liabilities	20.96	27.64	25.52	21.37	11.4	8.88
Long-Term Leases	1.91	1.66	-	-	-	-
Pension & Post-Retirement Benefits	0.05	0.05	0.03	0.02	0.01	0
Long-Term Deferred Tax Liabilities	0.49	0.49	0.73	0.81	0.89	0.6
Other Long-Term Liabilities	0.9	0.86	2.85	1.85	1.28	0.25
Total Liabilities	24.31	30.7	29.13	24.05	13.57	9.73
Common Stock	2	2	2	2	2	2
Retained Earnings	13.62	14.96	14.7	14.38	15.35	13.05
Shareholders' Equity	15.62	16.96	16.7	16.38	17.35	15.05
Total Liabilities & Equity	39.93	47.66	45.83	40.43	30.92	24.78
Total Debt	14.08	15.26	12.02	11.5	6.36	1.97
Net Cash (Debt)	-13.44	-12.2	-11.55	-7.71	-5.84	-0.84
Net Cash Per Share	-1.81	-1.64	-1.56	-1.04	-0.79	-0.11
Filing Date Shares Outstanding	7.42	7.42	7.42	7.42	7.42	7.42
Total Common Shares Outstanding	7.42	7.42	7.42	7.42	7.42	7.42
Working Capital	10.15	8.4	8.17	13.3	14.29	10.61
Book Value Per Share	2.11	2.29	2.25	2.21	2.34	2.03
Tangible Book Value	15.62	16.96	16.7	16.38	17.34	15.05
Tangible Book Value Per Share	2.11	2.29	2.25	2.21	2.34	2.03
Machinery	-	3.9	4.43	2.6	2.56	1.27

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