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	2.57	8.44	27.06	24.75
Cash & Short-Term Investments	4.22	7.24	2.57	8.44	27.06	24.75
Cash Growth	17.54%	181.45%	-69.54%	-68.80%	9.34%	20.51%
Accounts Receivable	68.45	58.58	21.74	73.44	81.27	59.86
Total Trade Receivables	68.45	58.58	21.74	73.44	81.27	59.86
Inventory	20.58	19.45	28.38	35.88	66.48	57.71
Other Current Assets	0.99	0.98	1.27	0.48	-	-
Total Current Assets	93.25	85.27	52.69	117.76	174.82	142.31
Net Property, Plant & Equipment	357.26	362.02	381.09	405.01	237.73	234.19
Other Intangible Assets	38.07	37.03	30.52	25.11	16.99	11.84
Goodwill	0.02	0.02	0	0	0.02	0.02
Long-Term Investments	-	0	0.47	0.32	-	-
Other Long-Term Assets	7.49	7.52	2.54	2.31	1.65	1.86
Total Assets	496.09	491.85	467.31	550.51	431.19	390.22
Accounts Payable	94.96	89.04	58.89	64.92	75.68	56.09
Accrued Expenses	1.27	1.27	1.21	0.77	-	0.82
Short-Term Debt	0.13	1.18	1.56	0.9	72.84	0.79
Current Portion of Long-Term Debt	99.67	97.48	44.66	59.76	-	33.07
Current Portion of Leases	2.97	2.97	2.94	3.62	-	3.31
Unearned Revenue	-	0	0	2.21	-	-
Other Current Liabilities	4.95	2.81	1.64	4.68	2.47	3.02
Total Current Liabilities	203.94	194.74	110.6	136.57	150.98	97.09
Long-Term Debt	47.39	42.57	53.68	63.37	46.69	43.42
Long-Term Leases	12.17	12.92	15.91	10.16	-	13.3
Other Long-Term Liabilities	135.41	138.01	142.99	153.32	87.11	90.21
Total Long-Term Liabilities	194.96	193.5	212.58	226.85	133.8	146.93
Total Liabilities	398.9	388.24	323.18	363.42	284.78	244.02
Common Stock	7.38	7.38	7.38	7.38	6.48	6.48
Additional Paid-in Capital	148.41	148.41	148.41	148.41	93.12	93.12
Accumulated Other Comprehensive Income	-0.01	0.01	-	-	-0.01	0
Retained Earnings	-58.59	-52.19	-11.66	31.31	46.81	46.59
Total Common Shareholders' Equity	97.19	103.61	144.13	187.09	146.41	146.2
Shareholders' Equity	97.19	103.61	144.13	187.09	146.41	146.2
Total Liabilities & Equity	496.09	491.85	467.31	550.51	431.19	390.22
Total Debt	162.32	157.11	118.74	137.81	119.53	93.88
Net Cash (Debt)	-158.1	-149.87	-116.17	-129.37	-92.47	-69.14
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-21.42	-24.83	-15.74	-18.91	-14.26	-10.83
Book Value	97.19	103.61	144.13	187.09	146.41	146.2
Book Value Per Share	13.17	17.17	19.53	27.34	22.58	22.90
Tangible Book Value	59.1	66.57	113.61	161.98	129.4	134.34
Tangible Book Value Per Share	8.01	11.03	15.39	23.67	19.96	21.04