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	0.44	3.46	0.11
Short-Term Investments	0.27	0.25	0.28	0.03	0.33	0.42
Cash & Short-Term Investments	0.64	1.62	3.06	0.47	3.79	0.53
Cash Growth	-76.08%	-46.96%	545.15%	-87.47%	618.56%	-53.19%
Accounts Receivable	6.61	12.32	11.86	14.46	9.71	8.86
Other Receivables	3.49	1.92	0.61	0.54	0.35	0.42
Receivables	10.11	14.25	12.47	15	10.07	9.28
Inventory	19.03	18.09	19.95	17.64	18.55	14.5
Prepaid Expenses	-	0.07	0.05	0.08	0.05	0.06
Other Current Assets	-	1.29	0.5	0.49	2.22	1.32
Total Current Assets	29.78	35.32	36.04	33.69	34.67	25.69
Property, Plant & Equipment	1.3	1.45	2.07	2.6	1.36	1.83
Long-Term Investments	0.35	0.5	-	0.24	-	-
Other Intangible Assets	0.02	0.02	-	-	0	0.01
Long-Term Deferred Tax Assets	0.49	0.48	0.77	1.24	0.25	1.03
Long-Term Deferred Charges	6.58	7.37	8.79	8.06	4.14	2.37
Total Assets	38.51	45.15	47.66	45.83	40.43	30.92
Accounts Payable	3.18	4.83	5.49	7.38	4.63	2.76
Accrued Expenses	0.93	1.71	4.82	2.29	0.35	0.39
Short-Term Debt	11.68	11.55	13.3	9.31	9.86	6.08
Current Portion of Leases	-	0.36	0.3	2.71	1.64	0.28
Current Income Taxes Payable	0.63	1.82	1.97	1.91	1.41	1.02
Current Unearned Revenue	0.16	0.11	0.16	0.09	-	0.58
Other Current Liabilities	3.02	2.06	1.6	1.84	3.48	0.29
Total Current Liabilities	19.59	22.45	27.64	25.52	21.37	11.4
Long-Term Leases	-	1.48	1.66	-	-	-
Pension & Post-Retirement Benefits	0.07	0.07	0.05	0.03	0.02	0.01
Long-Term Deferred Tax Liabilities	0.26	0.26	0.49	0.73	0.81	0.89
Other Long-Term Liabilities	0.72	0.72	0.86	2.85	1.85	1.28
Total Liabilities	20.64	24.98	30.7	29.13	24.05	13.57
Common Stock	2	2	2	2	2	2
Retained Earnings	15.87	18.16	14.96	14.7	14.38	15.35
Shareholders' Equity	17.87	20.17	16.96	16.7	16.38	17.35
Total Liabilities & Equity	38.51	45.15	47.66	45.83	40.43	30.92
Total Debt	11.68	13.39	15.26	12.02	11.5	6.36
Net Cash (Debt)	-11.03	-11.76	-12.2	-11.55	-7.71	-5.84
Net Cash Per Share	-1.49	-1.59	-1.64	-1.56	-1.04	-0.79
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	10.19	12.87	8.4	8.17	13.3	14.29
Book Value Per Share	2.41	2.72	2.29	2.25	2.21	2.34
Tangible Book Value	17.85	20.15	16.96	16.7	16.38	17.34
Tangible Book Value Per Share	2.41	2.72	2.29	2.25	2.21	2.34
Machinery	-	3.7	3.9	4.43	2.6	2.56