ML System 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	-	5.98	20.72	27.06	24.75
Cash & Short-Term Investments	10.02	5.98	20.72	27.06	24.75
Cash Growth	67.58%	-71.15%	-23.44%	9.34%	20.51%
Accounts Receivable	-	41.21	55.05	69.64	53.89
Other Receivables	-	4.56	23.53	10.49	5.08
Receivables	-	45.76	78.58	80.13	58.97
Inventory	-	28.38	35.89	66.48	57.71
Prepaid Expenses	-	1.36	-	-	-
Other Current Assets	-	-	0.48	1.15	0.89
Total Current Assets	-	81.48	135.67	174.82	142.31
Property, Plant & Equipment	-	381.09	399.11	221.28	231.24
Goodwill	-	0.02	0.02	0.02	0.02
Other Intangible Assets	-	0.69	0.7	0.75	0.89
Long-Term Deferred Tax Assets	-	0.29	0.19	0.13	0.06
Long-Term Deferred Charges	-	29.84	24.42	16.24	12
Other Long-Term Assets	-	3.03	8.66	17.97	3.7
Total Assets	-	496.42	568.76	431.19	390.22
Accounts Payable	-	35.7	13.26	40.29	21.27
Accrued Expenses	-	3.79	3.26	4.01	2.2
Current Portion of Long-Term Debt	-	62.72	72.51	69.5	33.85
Current Portion of Leases	-	2.97	3.69	3.34	3.31
Current Income Taxes Payable	-	7.8	0.64	14.41	3.57
Current Unearned Revenue	-	10.93	10.51	10.36	8.74
Other Current Liabilities	-	12.4	49.13	9.08	24.14
Total Current Liabilities	-	136.32	153	150.98	97.09
Long-Term Debt	-	54.38	65.73	37.89	46.48
Long-Term Leases	-	15.91	10.16	11.12	13.3
Long-Term Unearned Revenue	-	138.44	146.49	80.84	83.68
Pension & Post-Retirement Benefits	-	0.16	0.14	0.1	0.1
Long-Term Deferred Tax Liabilities	-	0.94	1.7	1.1	0.46
Other Long-Term Liabilities	-	3.83	4.34	2.75	2.91
Total Liabilities	-	349.96	381.55	284.78	244.02
Common Stock	-	7.38	7.38	6.48	6.48
Additional Paid-In Capital	-	146.52	146.52	91.24	91.24
Retained Earnings	-	-9.37	31.43	46.81	46.59
Comprehensive Income & Other	-	1.92	1.87	1.88	1.89
Shareholders' Equity	109.03	146.46	187.2	146.41	146.2
Total Liabilities & Equity	-	496.42	568.76	431.19	390.22
Total Debt	150.98	135.98	152.09	121.85	96.95
Net Cash (Debt)	-140.96	-130	-131.38	-94.79	-72.21
Net Cash Per Share	-19.10	-17.61	-18.82	-14.62	-11.31
Filing Date Shares Outstanding	7.38	7.38	7.38	6.48	6.48
Total Common Shares Outstanding	7.38	7.38	7.38	6.48	6.48
Working Capital	-	-54.84	-17.33	23.83	45.22
Book Value Per Share	14.77	19.84	25.36	22.58	22.55
Tangible Book Value	108.42	145.75	186.49	145.65	145.3
Tangible Book Value Per Share	14.69	19.75	25.27	22.46	22.41
Land	-	10.24	10.24	10.24	3.92
Buildings	-	97.45	51.69	51.62	34.49
Machinery	-	294.81	304.08	148.19	145.32
Construction In Progress	-	1.51	40.12	0.29	12.44