Maxcom 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	1.95	2.91	3.32	5.85	3.56	8.22
Cash & Short-Term Investments	1.95	2.91	3.32	5.85	3.56	8.22
Cash Growth	-23.36%	-12.12%	-43.29%	64.10%	-56.68%	-24.86%
Accounts Receivable	18.65	23.26	23.18	27.53	35.02	21.03
Other Receivables	0.27	0.61	0.44	1.51	-	0.02
Receivables	18.93	23.89	23.65	29.43	35.7	21.65
Inventory	45.49	42.02	46.63	45.92	55.9	54.77
Total Current Assets	66.37	68.82	73.59	81.2	95.17	84.64
Property, Plant & Equipment	4.58	4.56	5.04	5.48	7.85	3.86
Long-Term Investments	3.77	3.81	3.91	4.29	1.03	1.15
Other Intangible Assets	0.05	0.08	0.03	0.37	0.03	0.14
Long-Term Deferred Tax Assets	1.34	1.19	0.93	0.89	0.51	0.26
Other Long-Term Assets	0.47	0.47	0.47	0.47	1.15	0.98
Total Assets	76.58	78.93	83.97	92.7	105.73	91.04
Accounts Payable	7.85	7.84	6.16	9.18	10.66	6.2
Accrued Expenses	1.49	1.81	1.57	1.63	-	1.73
Short-Term Debt	10.21	12.43	15.56	13.13	12.36	9.16
Current Portion of Long-Term Debt	3.19	-	-	7.99	12	2.97
Current Portion of Leases	0.18	0.14	0.53	0.58	0.81	0.31
Current Income Taxes Payable	-	-	-	-	0.16	0
Current Unearned Revenue	0.1	0.11	0.15	0.51	-	0.25
Other Current Liabilities	1.49	1.7	1.32	1.12	0.12	0.13
Total Current Liabilities	24.51	24.02	25.29	34.12	36.1	20.75
Long-Term Debt	-	-	-	-	1.32	3.29
Long-Term Leases	0.32	0.18	0.13	0.56	1.17	0.41
Pension & Post-Retirement Benefits	0.07	0.07	0.07	0.07	0.07	0.07
Long-Term Deferred Tax Liabilities	-	-	-	-	0.19	0.17
Other Long-Term Liabilities	0.28	0.36	0.38	0.28	0.44	0.42
Total Liabilities	25.18	24.63	25.88	35.03	39.29	25.11
Common Stock	0.14	0.14	0.14	0.14	0.14	0.14
Additional Paid-In Capital	34.54	34.54	34.54	34.54	34.54	34.54
Retained Earnings	17.61	20.38	24.22	23.61	30.73	30.23
Comprehensive Income & Other	-0.07	0.03	-0.01	0.07	0.03	-0.01
Total Common Equity	52.22	55.09	58.89	58.36	65.43	64.9
Minority Interest	-0.82	-0.79	-0.8	-0.69	1.01	1.03
Shareholders' Equity	51.4	54.3	58.1	57.66	66.44	65.92
Total Liabilities & Equity	76.58	78.93	83.97	92.7	105.73	91.04
Total Debt	13.9	12.75	16.23	22.25	27.66	16.14
Net Cash (Debt)	-11.96	-9.84	-12.91	-16.4	-24.09	-7.92
Net Cash Per Share	-4.43	-3.64	-4.78	-6.08	-8.92	-2.93
Filing Date Shares Outstanding	2.7	2.7	2.7	2.7	2.7	2.7
Total Common Shares Outstanding	2.7	2.7	2.7	2.7	2.7	2.7
Working Capital	41.86	44.8	48.3	47.08	59.06	63.89
Book Value Per Share	19.34	20.40	21.81	21.61	24.23	24.04
Tangible Book Value	52.17	55.01	58.86	57.99	65.4	64.76
Tangible Book Value Per Share	19.32	20.38	21.80	21.48	24.22	23.98
Land	-	3.24	3.24	3.24	2.73	2.94
Machinery	-	3.89	3.82	3.85	4.53	3.12
Construction In Progress	-	-	-	0.15	3	0.17

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.