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 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	0.38	1.37	2.78	-	3.46	0.11
Short-Term Investments	0.27	0.27	0.28	0.03	0.33	0.42
Cash & Short-Term Investments	0.64	1.64	3.06	0.03	3.79	0.53
Cash Growth	-78.18%	-46.32%	9063.04%	-99.12%	618.56%	-53.19%
Accounts Receivable	8.08	12.77	12.47	15	10.07	9.28
Inventory	19.03	18.5	19.95	17.64	18.55	14.5
Other Current Assets	2.02	3.53	0.56	0.57	2.27	1.38
Total Current Assets	29.78	36.44	36.04	33.69	34.67	25.69
Net Property, Plant & Equipment	1.3	1.45	2.07	2.6	1.36	1.83
Other Intangible Assets	6.59	5.51	8.79	8.06	4.14	2.37
Long-Term Investments	0.35	0.28	0	0.24	0	0
Other Long-Term Assets	0.49	0.77	0.77	-	0.25	1.03
Total Assets	38.51	44.43	47.66	45.83	40.43	30.92
Accounts Payable	3.18	4.98	5.49	-	4.63	0
Accrued Expenses	1.07	2.97	2.54	2.39	1.76	1.39
Short-Term Debt	8.92	10.28	11.35	9.31	9.86	6.08
Unearned Revenue	0.16	0.11	0.16	0.09	0	-
Other Current Liabilities	3.28	2.85	3.46	4.06	3.13	0.47
Total Current Liabilities	16.61	21.19	22.99	23.22	19.38	10.71
Long-Term Debt	1.48	1.67	1.66	1.96	0.97	1.18
Other Long-Term Liabilities	3.41	2.95	6.05	3.95	3.69	1.68
Total Long-Term Liabilities	4.89	4.62	7.7	5.91	4.67	2.86
Total Liabilities	20.64	25.81	30.7	29.13	24.05	13.57
Common Stock	2	2	2	2	2	2
Additional Paid-in Capital	15.66	15.4	15.4	15.4	15.4	15.4
Retained Earnings	0.21	1.22	-0.44	-0.7	-1.02	-0.05
Shareholders' Equity	17.87	18.63	16.96	16.7	16.38	17.35
Total Liabilities & Equity	38.51	44.43	47.66	45.83	40.43	30.92
Total Debt	10.4	11.95	13	11.27	10.84	7.26
Net Cash (Debt)	-9.76	-10.3	-9.94	-11.24	-7.05	-6.74
Net Cash Per Share	-1.31	-1.39	-1.34	-1.51	-0.95	-0.91
Book Value	17.87	18.63	16.96	16.7	16.38	17.35
Book Value Per Share	2.41	2.51	2.29	2.25	2.21	2.34
Tangible Book Value	11.28	13.12	8.18	8.64	12.24	14.98
Tangible Book Value Per Share	1.52	1.77	1.10	1.16	1.65	2.02