Marvipol Development Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	161.48	187.83	239.54	132.61	182.97	142.51
Cash & Short-Term Investments	161.48	187.83	239.54	132.61	182.97	142.51
Cash Growth	-47.83%	-21.59%	80.63%	-27.52%	28.39%	12.02%
Accounts Receivable	3.94	4.76	2.63	4.27	1.71	3.08
Other Receivables	18.79	41.64	20.66	21.84	47.67	50.39
Receivables	22.73	46.4	23.29	26.11	49.38	53.47
Inventory	883.25	977.02	812.33	768.2	1,008	853.78
Restricted Cash	25.22	70.16	47.18	35.68	35.21	48.24
Other Current Assets	-	-	-	15	9.48	-
Total Current Assets	1,093	1,281	1,122	977.6	1,285	1,098
Property, Plant & Equipment	122.92	126.88	128.52	129.53	67.87	46.04
Long-Term Investments	0.15	7.81	4.33	32.62	21.5	17.41
Other Intangible Assets	0.24	0.29	0.16	0.25	0.09	0.14
Long-Term Deferred Tax Assets	31.49	29.95	24.27	22.8	21.12	18.48
Other Long-Term Assets	3.71	3.29	1.32	0.2	72.99	14.46
Total Assets	1,386	1,584	1,461	1,377	1,550	1,314
Accounts Payable	43.01	43.6	31.1	36.33	46.99	42.57
Accrued Expenses	1.79	1.48	5.66	1.95	2.24	5.51
Current Portion of Long-Term Debt	50.13	69.86	116.75	19.05	73.28	112.65
Current Portion of Leases	10.77	10.99	11.35	12.44	21.82	29.95
Current Income Taxes Payable	3.15	0.46	2.08	0.11	6.71	4.79
Current Unearned Revenue	91.93	266.58	215.15	230.59	477.3	295.63
Other Current Liabilities	5.52	3.45	2.71	10.2	12.69	6.9
Total Current Liabilities	206.29	396.42	384.81	310.66	641.03	498.01
Long-Term Debt	341.22	378.97	261.73	306.93	254.85	217.22
Long-Term Leases	65.17	70.49	72.62	76.89	17.28	15.95
Long-Term Deferred Tax Liabilities	27.21	22.52	14.64	12.53	17.94	19.34
Other Long-Term Liabilities	15.73	17.2	17.04	15.23	6	6.79
Total Liabilities	655.61	885.59	750.85	722.25	937.1	757.3
Common Stock	41.65	41.65	41.65	41.65	41.65	41.65
Retained Earnings	371.24	338.38	350.81	295.54	253.12	197.01
Comprehensive Income & Other	317.92	317.92	317.92	317.92	317.92	317.92
Shareholders' Equity	730.81	697.96	710.39	655.11	612.69	556.59
Total Liabilities & Equity	1,386	1,584	1,461	1,377	1,550	1,314
Total Debt	467.28	530.31	462.45	415.31	367.24	375.77
Net Cash (Debt)	-305.81	-342.48	-222.92	-282.7	-184.26	-233.26
Net Cash Per Share	-7.34	-8.22	-5.35	-6.79	-4.42	-5.60
Filing Date Shares Outstanding	41.65	41.65	41.65	41.65	41.65	41.65
Total Common Shares Outstanding	41.65	41.65	41.65	41.65	41.65	41.65
Working Capital	886.39	884.99	737.53	666.94	644.34	599.98
Book Value Per Share	17.55	16.76	17.05	15.73	14.71	13.36
Tangible Book Value	730.57	697.67	710.23	654.86	612.6	556.45
Tangible Book Value Per Share	17.54	16.75	17.05	15.72	14.71	13.36
Land	3.78	3.78	3.78	3.78	3.78	3.78
Buildings	60.93	58.99	58.87	55.4	23.94	23.94
Machinery	6.96	6.55	3.54	3.58	1.92	1.44
Construction In Progress	0.59	0.58	0.65	0.69	21.37	0.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.