Orzel Spolka Akcyjna 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	2.98	4.33	2.67	5.15	2.74	2.9
Cash & Short-Term Investments	2.98	4.33	2.67	5.15	2.74	2.9
Cash Growth	15.25%	62.48%	-48.25%	87.94%	-5.58%	143.28%
Accounts Receivable	1.78	0.84	0.94	1.35	0.63	0.64
Other Receivables	1.16	1.68	0.27	0.07	0.1	0.17
Receivables	2.94	2.51	1.21	1.42	0.73	0.81
Inventory	3.28	3.12	2.05	1.17	0.64	0.86
Prepaid Expenses	-	0.07	0.08	0.11	0.11	0.04
Other Current Assets	-	0.01	0	0.01	0.01	0.01
Total Current Assets	9.2	10.05	6.01	7.86	4.23	4.63
Property, Plant & Equipment	38.11	39.6	23.43	14.16	15.56	14.97
Other Intangible Assets	0.22	0.29	0.39	0.48	0.58	0.71
Long-Term Deferred Tax Assets	0.63	0.63	0.67	0.51	0.39	0.5
Other Long-Term Assets	0.04	0.04	2.7	0.32	0.41	0.55
Total Assets	48.2	50.61	33.2	23.34	21.18	21.35
Accounts Payable	1.06	2.14	1.13	0.63	0.59	0.45
Accrued Expenses	0.61	0.59	0.62	0.38	0.36	0.22
Current Portion of Long-Term Debt	-	2.18	-	0.06	0.12	0.12
Current Portion of Leases	0.02	0.08	0.12	0.06	-	-
Current Income Taxes Payable	0.5	0.32	0.28	0.4	0.34	0.21
Current Unearned Revenue	0.48	0.87	0.78	0.76	1.06	1.04
Other Current Liabilities	0.71	0.44	0.57	0.44	0.45	0.85
Total Current Liabilities	3.37	6.61	3.5	2.74	2.93	2.88
Long-Term Debt	21.23	20.95	13	5.34	5.01	5.43
Long-Term Leases	0.02	0.02	0.09	0.09	-	-
Long-Term Unearned Revenue	10.32	10.32	3.86	4.61	5.33	6.35
Pension & Post-Retirement Benefits	0.05	0.05	0.04	0.02	0	0.03
Long-Term Deferred Tax Liabilities	0.47	0.47	0.46	0.53	0.42	0.42
Other Long-Term Liabilities	0.02	0.01	0.02	0.02	0.03	4.73
Total Liabilities	35.48	38.43	20.97	13.36	13.72	19.85
Common Stock	10.61	10.61	10.61	10.61	10.61	10.61
Additional Paid-In Capital	1.62	1.62	-	6.23	6.23	2.79
Retained Earnings	0.5	-0.05	1.62	-7.26	-9.77	-11.9
Comprehensive Income & Other	-	-	-	0.4	0.4	-
Shareholders' Equity	12.73	12.18	12.23	9.99	7.47	1.5
Total Liabilities & Equity	48.2	50.61	33.2	23.34	21.18	21.35
Total Debt	21.27	23.23	13.21	5.55	5.13	5.55
Net Cash (Debt)	-18.29	-18.9	-10.54	-0.39	-2.39	-2.65
Net Cash Per Share	-1.72	-1.78	-0.99	-0.04	-0.23	-0.24
Filing Date Shares Outstanding	10.61	10.61	10.61	10.61	10.61	10.61
Total Common Shares Outstanding	10.61	10.61	10.61	10.61	10.61	10.61
Working Capital	5.83	3.44	2.51	5.12	1.3	1.74
Book Value Per Share	1.20	1.15	1.15	0.94	0.70	0.14
Tangible Book Value	12.51	11.89	11.85	9.5	6.88	0.79
Tangible Book Value Per Share	1.18	1.12	1.12	0.90	0.65	0.07
Buildings	-	14.19	11.57	11.57	11.57	10.62
Machinery	-	49.77	26.15	24.19	26.67	25
Construction In Progress	-	1.48	9.19	0.22	-	0.13

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