Makarony Polskie S.A. (WSE:MAK)

Makarony Polskie Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	25.16	33.52	53.1	29	7.83	26.16
Cash & Short-Term Investments	25.16	33.52	53.1	29	7.83	26.16
Cash Growth	-47.77%	-36.87%	83.08%	270.50%	-70.07%	6279.51%
Accounts Receivable	47.15	29.75	38.84	35.77	33.71	19.82
Other Receivables	0.98	8.95	0.03	6.82	6.45	4.09
Receivables	48.13	38.69	38.87	42.59	40.15	23.92
Inventory	41.5	31.38	28.22	28.72	44.48	21.38
Prepaid Expenses	-	6.09	0.34	1.14	1.55	0.42
Other Current Assets	12.21	11.63	4.9	0.99	1.14	0.4
Total Current Assets	126.99	121.32	125.43	102.44	95.15	72.28
Property, Plant & Equipment	134.27	122.22	125.58	133.16	135.17	119.56
Goodwill	2.33	0.19	0.19	0.19	2.86	5.95
Other Intangible Assets	4.35	1.87	2.13	1.98	5.5	6.59
Long-Term Deferred Tax Assets	0.59	0.4	0.49	0.31	0	-
Long-Term Deferred Charges	-	0.03	0.02	0	0.04	0.06
Other Long-Term Assets	4.46	4.43	-	0	0.6	0.61
Total Assets	273	250.46	253.84	238.09	239.33	205.04

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	23.91	28.56	28.78	43.88	30.79
Accrued Expenses	4.1	8.07	7.62	7.16	5.33	2.97
Current Portion of Long-Term Debt	-	1.74	3.02	3.02	13.22	15.24
Current Portion of Leases	2.66	2.29	2.28	1.51	1.36	1.39
Finance Div. Other Current Liabilities	-	0.03	-	-	-	-
Current Income Taxes Payable	0.02	2.7	5.18	7.87	2.35	0.31
Current Unearned Revenue	2.61	2.91	3.51	2.66	2.36	2.33
Other Current Liabilities	45.29	1.18	1.6	2.39	6.17	0.97
Total Current Liabilities	57.8	42.84	51.77	53.38	74.67	54
Long-Term Debt	8.88	3.84	5.68	8.69	13.13	20.52
Long-Term Leases	6.59	4.32	5.48	5.92	3.53	3.57
Long-Term Unearned Revenue	9.95	10.85	13.3	15.89	19.5	21.23
Pension & Post-Retirement Benefits	1.18	1.13	1.01	1.07	0.5	0.4
Long-Term Deferred Tax Liabilities	1.85	2.22	2.96	3.88	5.09	3.21
Other Long-Term Liabilities	-	-	-	-	-	0.47
Total Liabilities	86.24	65.19	80.2	88.81	116.42	103.39

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	33.12	33.12	33.12	33.12	33.12	27.75
Additional Paid-In Capital	121.79	111.61	88.27	60.34	53.52	43.09
Retained Earnings	9.57	18.25	28.27	43.81	24.16	5.93
Treasury Stock	-2.72	-2.72	-1.02	-	-	-
Comprehensive Income & Other	25	25	25	12	12.11	24.89
Shareholders' Equity	186.76	185.27	173.64	149.28	122.91	101.65
Total Liabilities & Equity	273	250.46	253.84	238.09	239.33	205.04

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	21.24	12.19	16.45	19.13	31.25	40.72
Net Cash (Debt)	3.92	21.33	36.65	9.87	-23.42	-14.56
Net Cash Growth	-88.17%	-41.80%	271.33%	-	-	-
Net Cash Per Share	0.36	1.95	3.32	0.89	-2.12	-1.56
Filing Date Shares Outstanding	10.84	10.9	10.92	11.04	11.04	11.04
Total Common Shares Outstanding	10.84	10.9	10.99	11.04	11.04	9.25
Working Capital	69.19	78.48	73.66	49.07	20.48	18.29
Book Value Per Share	17.23	17.00	15.80	13.52	11.13	10.99
Tangible Book Value	180.08	183.21	171.33	147.11	114.55	89.12
Tangible Book Value Per Share	16.62	16.81	15.59	13.32	10.38	9.63

Data Source: S&P Global Market Intelligence Last updated: Sep 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 6, 2026

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