ML System S.A. (WSE:MLS)

ML System 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	0.8	7.24	5.98	20.72	27.06	24.75
Cash & Short-Term Investments	0.8	7.24	5.98	20.72	27.06	24.75
Cash Growth	-80.55%	21.11%	-71.15%	-23.44%	9.34%	20.51%
Accounts Receivable	41.95	26.82	35.77	55.05	69.64	53.89
Other Receivables	1.06	11.63	4.56	23.53	10.49	5.08
Receivables	43.01	38.44	40.33	78.58	80.13	58.97
Inventory	23.3	19.45	28.38	35.89	66.48	57.71
Other Current Assets	-	20.14	6.79	0.48	1.15	0.89
Total Current Assets	67.1	85.27	81.48	135.67	174.82	142.31
Property, Plant & Equipment	352.22	362.02	381.21	399.11	221.28	231.24
Goodwill	0.02	0.02	0.02	0.02	0.02	0.02
Other Intangible Assets	0.52	0.57	0.69	0.7	0.75	0.89
Long-Term Deferred Tax Assets	4.92	4.3	0.29	0.19	0.13	0.06
Long-Term Deferred Charges	38.59	36.46	29.84	24.42	16.24	12
Other Long-Term Assets	2.98	3.21	2.91	8.66	17.97	3.7
Total Assets	466.34	491.85	496.42	568.76	431.19	390.22

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	89.34	34.53	35.7	13.26	40.29	21.27
Accrued Expenses	1.82	17.46	11.6	3.26	4.01	2.2
Current Portion of Long-Term Debt	88.29	98.66	62.72	72.51	69.5	33.85
Current Portion of Leases	2.97	2.97	2.97	3.69	3.34	3.31
Current Income Taxes Payable	-	1.37	-	0.64	14.41	3.57
Current Unearned Revenue	10.47	10.47	10.93	10.51	10.36	8.74
Other Current Liabilities	1.44	29.3	12.4	49.13	9.08	24.14
Total Current Liabilities	194.33	194.74	136.32	153	150.98	97.09
Long-Term Debt	39.5	43.15	54.38	65.73	37.89	46.48
Long-Term Leases	11.51	12.92	15.91	10.16	11.12	13.3
Long-Term Unearned Revenue	122.19	128.16	138.44	146.49	80.84	83.68
Pension & Post-Retirement Benefits	0.16	0.16	0.16	0.14	0.1	0.1
Long-Term Deferred Tax Liabilities	1.23	3.71	0.94	1.7	1.1	0.46
Other Long-Term Liabilities	5.36	5.39	3.83	4.34	2.75	2.91
Total Liabilities	374.28	388.24	349.96	381.55	284.78	244.02

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	7.38	7.38	7.38	7.38	6.48	6.48
Additional Paid-In Capital	146.52	146.52	146.52	146.52	91.24	91.24
Retained Earnings	-63.72	-52.19	-9.37	31.43	46.81	46.59
Comprehensive Income & Other	1.87	1.9	1.92	1.87	1.88	1.89
Shareholders' Equity	92.06	103.61	146.46	187.2	146.41	146.2
Total Liabilities & Equity	466.34	491.85	496.42	568.76	431.19	390.22

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	142.27	157.69	135.98	152.09	121.85	96.95
Net Cash (Debt)	-141.47	-150.45	-130	-131.38	-94.79	-72.21
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-19.17	-20.38	-17.61	-18.82	-14.62	-11.31
Filing Date Shares Outstanding	7.38	7.38	7.38	7.38	6.48	6.48
Total Common Shares Outstanding	7.38	7.38	7.38	7.38	6.48	6.48
Working Capital	-127.23	-109.47	-54.84	-17.33	23.83	45.22
Book Value Per Share	12.47	14.04	19.84	25.36	22.58	22.55
Tangible Book Value	91.52	103.03	145.75	186.49	145.65	145.3
Tangible Book Value Per Share	12.40	13.96	19.75	25.27	22.46	22.41
Land	-	10.24	10.24	10.24	10.24	3.92
Buildings	-	97.56	97.45	51.69	51.62	34.49
Machinery	-	293.8	294.81	304.08	148.19	145.32
Construction In Progress	-	3.78	1.63	40.12	0.29	12.44

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 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 31, 2026

Data Sources Report a data error