MFO 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	46.68	48.94	75.14	134.99	85.14	35.61
Short-Term Investments	1.01	7.23	8.1	4.32	-	-
Cash & Short-Term Investments	47.69	56.18	83.24	139.31	85.14	35.61
Cash Growth	-33.01%	-32.51%	-40.25%	63.63%	139.11%	7.51%
Accounts Receivable	86.2	65.5	56.57	49.37	50.73	91.28
Other Receivables	24.29	17.2	14.97	7.77	13.45	2.73
Receivables	110.48	82.7	71.54	57.14	64.18	94.01
Inventory	138.91	125.55	87.98	91.58	101.88	239.03
Other Current Assets	2.67	3.64	3.88	0.94	0.97	0.23
Total Current Assets	299.76	268.06	246.63	288.97	252.17	368.87
Property, Plant & Equipment	288.66	276.92	230.98	157.05	154.69	133.72
Other Intangible Assets	0.17	41.09	42.85	44.69	0.7	1.04
Long-Term Deferred Tax Assets	-	-	-	-	-	2.3
Long-Term Deferred Charges	40.46	-	-	-	45.78	45.83
Other Long-Term Assets	5.36	4.24	8.35	6.68	0.84	5.17
Total Assets	634.41	590.3	528.81	497.39	454.17	556.93
Accounts Payable	108.21	63.45	77.4	57.47	23.92	116.4
Accrued Expenses	4.96	5.48	3.69	2.48	4.58	10.31
Short-Term Debt	39.98	39.3	19.31	18.87	19	-
Current Portion of Long-Term Debt	32.74	43.2	32.09	47.06	38.17	47.53
Current Portion of Leases	6.88	6.95	3.24	3.41	3.03	19.01
Current Unearned Revenue	4.22	3.91	2.92	2.52	3.05	1.8
Other Current Liabilities	3.18	1.98	0.69	0.86	3.4	1.48
Total Current Liabilities	200.18	164.26	139.33	132.67	95.14	196.52
Long-Term Debt	40.59	42.56	35	16.67	-	1.25
Long-Term Leases	29.59	22.27	9.06	11.58	9.41	6.22
Long-Term Unearned Revenue	23.63	23.89	24.91	25.94	26.03	27.03
Pension & Post-Retirement Benefits	0.31	0.31	0.24	0.2	0.16	0.21
Long-Term Deferred Tax Liabilities	15.2	14.53	12.1	10.77	9.07	9.63
Other Long-Term Liabilities	-	-	-	-0	0	-
Total Liabilities	309.5	267.82	220.63	197.83	139.81	240.85
Common Stock	1.32	1.32	1.32	1.32	1.32	1.32
Additional Paid-In Capital	295.43	295.43	288.24	303.04	278.32	170.85
Retained Earnings	12.47	10.04	7.18	-14.8	24.72	133.91
Comprehensive Income & Other	15.7	15.7	11.43	10	10.01	10
Shareholders' Equity	324.91	322.49	308.18	299.57	314.37	316.08
Total Liabilities & Equity	634.41	590.3	528.81	497.39	454.17	556.93
Total Debt	149.78	154.28	98.69	97.59	69.6	74
Net Cash (Debt)	-102.09	-98.1	-15.46	41.73	15.53	-38.39
Net Cash Growth	-	-	-	168.64%	-	-
Net Cash Per Share	-15.45	-14.85	-2.34	6.31	2.35	-5.81
Filing Date Shares Outstanding	6.61	6.61	6.61	6.61	6.61	6.61
Total Common Shares Outstanding	6.61	6.61	6.61	6.61	6.61	6.61
Working Capital	99.58	103.8	107.31	156.3	157.03	172.35
Book Value Per Share	49.17	48.81	46.64	45.34	47.58	47.84
Tangible Book Value	324.75	281.4	265.33	254.88	313.67	315.04
Tangible Book Value Per Share	49.15	42.59	40.16	38.57	47.47	47.68
Land	15.47	15.47	14.04	13.22	13.22	12.8
Buildings	151.47	151.44	66.99	65.87	65.85	59.26
Machinery	146.96	131.27	100.37	97.81	90.55	72.2
Construction In Progress	9.75	11.66	78.13	3.85	4.01	3.27