Makarony Polskie Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	33.52	53.1	29	7.83	26.16
Cash & Short-Term Investments	33.52	53.1	29	7.83	26.16
Cash Growth	-36.87%	83.08%	270.50%	-70.07%	6279.51%
Accounts Receivable	41.84	33.22	35.77	33.71	19.82
Other Receivables	2.71	4.66	6.82	6.45	4.09
Receivables	44.55	37.88	42.59	40.15	23.92
Inventory	31.38	28.22	28.72	44.48	21.38
Prepaid Expenses	-	1.29	1.14	1.55	0.42
Other Current Assets	11.86	4.95	0.99	1.14	0.4
Total Current Assets	121.32	125.43	102.44	95.15	72.28
Property, Plant & Equipment	122.22	125.58	133.16	135.17	119.56
Goodwill	0.19	0.19	0.19	2.86	5.95
Other Intangible Assets	1.87	2.13	1.98	5.5	6.59
Long-Term Deferred Tax Assets	0.4	0.49	0.31	0	-
Long-Term Deferred Charges	-	0.02	0	0.04	0.06
Other Long-Term Assets	4.46	-	0	0.6	0.61
Total Assets	250.46	253.84	238.09	239.33	205.04
Accounts Payable	-	28.56	28.78	43.88	30.79
Accrued Expenses	3.4	7.62	7.16	5.33	2.97
Short-Term Debt	1.74	-	-	-	-
Current Portion of Long-Term Debt	-	3.02	3.02	13.22	15.24
Current Portion of Leases	2.29	2.28	1.51	1.36	1.39
Current Income Taxes Payable	2.7	5.18	7.87	2.35	0.31
Current Unearned Revenue	2.91	3.51	2.66	2.36	2.33
Other Current Liabilities	29.8	1.6	2.39	6.17	0.97
Total Current Liabilities	42.84	51.77	53.38	74.67	54
Long-Term Debt	3.84	5.68	8.69	13.13	20.52
Long-Term Leases	4.32	5.48	5.92	3.53	3.57
Long-Term Unearned Revenue	10.85	13.3	15.89	19.5	21.23
Pension & Post-Retirement Benefits	1.13	1.01	1.07	0.5	0.4
Long-Term Deferred Tax Liabilities	2.22	2.96	3.88	5.09	3.21
Other Long-Term Liabilities	-	-	-	-	0.47
Total Liabilities	65.19	80.2	88.81	116.42	103.39
Common Stock	33.12	33.12	33.12	33.12	27.75
Additional Paid-In Capital	111.61	88.27	60.34	53.52	43.09
Retained Earnings	18.25	28.27	43.81	24.16	5.93
Treasury Stock	-2.72	-1.02	-	-	-
Comprehensive Income & Other	25	25	12	12.11	24.89
Shareholders' Equity	185.27	173.64	149.28	122.91	101.65
Total Liabilities & Equity	250.46	253.84	238.09	239.33	205.04
Total Debt	12.19	16.45	19.13	31.25	40.72
Net Cash (Debt)	21.33	36.65	9.87	-23.42	-14.56
Net Cash Growth	-41.80%	271.33%	-	-	-
Net Cash Per Share	1.95	3.32	0.89	-2.12	-1.56
Filing Date Shares Outstanding	10.67	10.92	11.04	11.04	11.04
Total Common Shares Outstanding	10.67	10.99	11.04	11.04	9.25
Working Capital	78.48	73.66	49.07	20.48	18.29
Book Value Per Share	17.36	15.80	13.52	11.13	10.99
Tangible Book Value	183.21	171.33	147.11	114.55	89.12
Tangible Book Value Per Share	17.17	15.59	13.32	10.38	9.63

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