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 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	1.25	2.82	4.33	2.67	5.15	2.74
Cash & Short-Term Investments	1.25	2.82	4.33	2.67	5.15	2.74
Cash Growth	42.63%	-34.87%	62.48%	-48.25%	87.94%	-5.58%
Accounts Receivable	1.56	0.78	0.84	0.94	1.35	0.63
Other Receivables	2.44	0.49	1.68	0.27	0.07	0.1
Receivables	4.01	1.28	2.51	1.21	1.42	0.73
Inventory	3.07	2.61	3.12	2.05	1.17	0.64
Prepaid Expenses	-	0.13	0.07	0.08	0.11	0.11
Other Current Assets	-	1.18	0.01	0	0.01	0.01
Total Current Assets	8.32	8.01	10.05	6.01	7.86	4.23
Property, Plant & Equipment	39.06	38.47	39.6	23.43	14.16	15.56
Long-Term Investments	0.04	0.01	-	-	-	-
Other Intangible Assets	0.17	0.19	0.29	0.39	0.48	0.58
Long-Term Deferred Tax Assets	-	-	0.63	0.67	0.51	0.39
Other Long-Term Assets	-	0.04	0.04	2.7	0.32	0.41
Total Assets	47.6	46.72	50.61	33.2	23.34	21.18
Accounts Payable	1.51	1.05	2.14	1.13	0.63	0.59
Accrued Expenses	1.28	0.36	0.59	0.62	0.38	0.36
Current Portion of Long-Term Debt	7.76	7.68	2.18	-	0.06	0.12
Current Portion of Leases	-	0.03	0.08	0.12	0.06	-
Current Income Taxes Payable	0.56	0.42	0.32	0.28	0.4	0.34
Current Unearned Revenue	0.04	0.92	0.87	0.78	0.76	1.06
Other Current Liabilities	1.7	0.81	0.44	0.57	0.44	0.45
Total Current Liabilities	12.85	11.27	6.61	3.5	2.74	2.93
Long-Term Debt	13.08	13.08	20.95	13	5.34	5.01
Long-Term Leases	-	-	0.02	0.09	0.09	-
Long-Term Unearned Revenue	-	9.78	10.32	3.86	4.61	5.33
Pension & Post-Retirement Benefits	0.06	0.06	0.05	0.04	0.02	0
Long-Term Deferred Tax Liabilities	-	-	0.47	0.46	0.53	0.42
Other Long-Term Liabilities	9.78	0.01	0.01	0.02	0.02	0.03
Total Liabilities	35.77	34.2	38.43	20.97	13.36	13.72
Common Stock	10.61	10.61	10.61	10.61	10.61	10.61
Additional Paid-In Capital	1.62	1.62	1.62	-	6.23	6.23
Retained Earnings	-0.4	0.29	-0.05	1.62	-7.26	-9.77
Comprehensive Income & Other	-	-	-	-	0.4	0.4
Shareholders' Equity	11.83	12.52	12.18	12.23	9.99	7.47
Total Liabilities & Equity	47.6	46.72	50.61	33.2	23.34	21.18
Total Debt	20.84	20.79	23.23	13.21	5.55	5.13
Net Cash (Debt)	-19.59	-17.97	-18.9	-10.54	-0.39	-2.39
Net Cash Per Share	-1.85	-1.69	-1.78	-0.99	-0.04	-0.23
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	-4.53	-3.26	3.44	2.51	5.12	1.3
Book Value Per Share	1.11	1.18	1.15	1.15	0.94	0.70
Tangible Book Value	11.66	12.33	11.89	11.85	9.5	6.88
Tangible Book Value Per Share	1.10	1.16	1.12	1.12	0.90	0.65
Land	-	0.46	-	-	-	-
Buildings	-	14.22	14.19	11.57	11.57	11.57
Machinery	-	51.71	49.77	26.15	24.19	26.67
Construction In Progress	-	1.11	1.48	9.19	0.22	-