Makarony Polskie 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	40.69	53.1	29	7.83	26.16	0.41
Cash & Short-Term Investments	40.69	53.1	29	7.83	26.16	0.41
Cash Growth	-7.10%	83.08%	270.50%	-70.07%	6279.51%	-42.90%
Accounts Receivable	42.94	33.22	35.77	33.71	19.82	18.84
Other Receivables	1.75	4.66	6.82	6.45	4.09	3.57
Receivables	44.69	37.88	42.59	40.15	23.92	22.4
Inventory	32.88	28.22	28.72	44.48	21.38	24.13
Prepaid Expenses	-	1.29	1.14	1.55	0.42	0.44
Other Current Assets	0.34	4.95	0.99	1.14	0.4	0.1
Total Current Assets	118.6	125.43	102.44	95.15	72.28	47.48
Property, Plant & Equipment	122.23	125.58	133.16	135.17	119.56	119.54
Goodwill	0.19	0.19	0.19	2.86	5.95	5.95
Other Intangible Assets	1.98	2.13	1.98	5.5	6.59	6.92
Long-Term Deferred Tax Assets	0.38	0.49	0.31	0	-	0
Long-Term Deferred Charges	0.04	0.02	0	0.04	0.06	0
Other Long-Term Assets	4.43	-	0	0.6	0.61	0.65
Total Assets	247.84	253.84	238.09	239.33	205.04	180.54
Accounts Payable	30.75	28.56	28.78	43.88	30.79	29.03
Accrued Expenses	3.45	7.62	7.16	5.33	2.97	3
Current Portion of Long-Term Debt	2.16	3.02	3.02	13.22	15.24	15.38
Current Portion of Leases	2.44	2.28	1.51	1.36	1.39	1.4
Current Income Taxes Payable	0.32	5.18	7.87	2.35	0.31	1.15
Current Unearned Revenue	3.01	3.51	2.66	2.36	2.33	2.23
Other Current Liabilities	1.32	1.6	2.39	6.17	0.97	0.7
Total Current Liabilities	43.44	51.77	53.38	74.67	54	52.9
Long-Term Debt	4.27	5.68	8.69	13.13	20.52	11.51
Long-Term Leases	4.81	5.48	5.92	3.53	3.57	3.34
Long-Term Unearned Revenue	11.44	13.3	15.89	19.5	21.23	24
Pension & Post-Retirement Benefits	1.07	1.01	1.07	0.5	0.4	0.4
Long-Term Deferred Tax Liabilities	2.36	2.96	3.88	5.09	3.21	3.19
Other Long-Term Liabilities	-	-	-	-	0.47	-
Total Liabilities	67.38	80.2	88.81	116.42	103.39	95.33
Common Stock	33.12	33.12	33.12	33.12	27.75	27.75
Additional Paid-In Capital	111.61	88.27	60.34	53.52	43.09	38.49
Retained Earnings	13.45	28.27	43.81	24.16	5.93	6.96
Treasury Stock	-2.72	-1.02	-	-	-	-
Comprehensive Income & Other	25	25	12	12.11	24.89	12
Shareholders' Equity	180.46	173.64	149.28	122.91	101.65	85.2
Total Liabilities & Equity	247.84	253.84	238.09	239.33	205.04	180.54
Total Debt	13.68	16.45	19.13	31.25	40.72	31.63
Net Cash (Debt)	27.01	36.65	9.87	-23.42	-14.56	-31.22
Net Cash Growth	3.98%	271.33%	-	-	-	-
Net Cash Per Share	2.45	3.32	0.89	-2.12	-1.56	-3.38
Filing Date Shares Outstanding	10.9	10.92	11.04	11.04	11.04	9.25
Total Common Shares Outstanding	10.9	10.99	11.04	11.04	9.25	9.25
Working Capital	75.16	73.66	49.07	20.48	18.29	-5.42
Book Value Per Share	16.56	15.80	13.52	11.13	10.99	9.21
Tangible Book Value	178.29	171.33	147.11	114.55	89.12	72.34
Tangible Book Value Per Share	16.36	15.59	13.32	10.38	9.63	7.82
Land	-	-	-	-	-	61.93
Machinery	-	-	-	-	-	102.9
Construction In Progress	-	-	-	-	-	12.33

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.