ML System 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	4.22	7.24	5.98	20.72	27.06	24.75
Cash & Short-Term Investments	4.22	7.24	5.98	20.72	27.06	24.75
Cash Growth	17.54%	21.11%	-71.15%	-23.44%	9.34%	20.51%
Accounts Receivable	67.47	58.58	41.21	55.05	69.64	53.89
Other Receivables	0.99	-	4.56	23.53	10.49	5.08
Receivables	68.45	58.58	45.76	78.58	80.13	58.97
Inventory	20.58	19.45	28.38	35.89	66.48	57.71
Prepaid Expenses	-	-	1.36	-	-	-
Other Current Assets	-	-	-	0.48	1.15	0.89
Total Current Assets	93.25	85.27	81.48	135.67	174.82	142.31
Property, Plant & Equipment	357.26	362.02	381.09	399.11	221.28	231.24
Goodwill	0.02	0.02	0.02	0.02	0.02	0.02
Other Intangible Assets	0.55	37.03	0.69	0.7	0.75	0.89
Long-Term Deferred Tax Assets	4.3	4.3	0.29	0.19	0.13	0.06
Long-Term Deferred Charges	37.52	-	29.84	24.42	16.24	12
Other Long-Term Assets	3.19	3.21	3.03	8.66	17.97	3.7
Total Assets	496.09	491.85	496.42	568.76	431.19	390.22
Accounts Payable	82.5	89.04	35.7	13.26	40.29	21.27
Accrued Expenses	3.27	1.27	3.79	3.26	4.01	2.2
Current Portion of Long-Term Debt	99.8	101.62	62.72	72.51	69.5	33.85
Current Portion of Leases	2.97	-	2.97	3.69	3.34	3.31
Current Income Taxes Payable	0	1.37	7.8	0.64	14.41	3.57
Current Unearned Revenue	10.47	-	10.93	10.51	10.36	8.74
Other Current Liabilities	4.95	1.44	12.4	49.13	9.08	24.14
Total Current Liabilities	203.94	194.74	136.32	153	150.98	97.09
Long-Term Debt	47.94	56.07	54.38	65.73	37.89	46.48
Long-Term Leases	12.17	-	15.91	10.16	11.12	13.3
Long-Term Unearned Revenue	125.6	-	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	3.71	3.71	0.94	1.7	1.1	0.46
Other Long-Term Liabilities	5.38	133.55	3.83	4.34	2.75	2.91
Total Liabilities	398.9	388.24	349.96	381.55	284.78	244.02
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	-58.59	-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	97.19	103.61	146.46	187.2	146.41	146.2
Total Liabilities & Equity	496.09	491.85	496.42	568.76	431.19	390.22
Total Debt	162.87	157.69	135.98	152.09	121.85	96.95
Net Cash (Debt)	-158.65	-150.45	-130	-131.38	-94.79	-72.21
Net Cash Per Share	-21.49	-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	-110.69	-109.47	-54.84	-17.33	23.83	45.22
Book Value Per Share	13.17	14.04	19.84	25.36	22.58	22.55
Tangible Book Value	96.63	66.57	145.75	186.49	145.65	145.3
Tangible Book Value Per Share	13.09	9.02	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