Passus S.A. (WSE:PAS)

Passus Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	9.96	16.44	16.8	32	10.17	5.05
Short-Term Investments	-	9.14	-	-	-	-
Cash & Short-Term Investments	9.96	25.58	16.8	32	10.17	5.05
Cash Growth	24.10%	52.22%	-47.49%	214.54%	101.52%	-64.46%
Accounts Receivable	10.61	19.07	22.54	8.79	24	5.94
Other Receivables	-	1.6	3.33	1.87	2.04	3.33
Receivables	12.89	22.88	25.91	10.66	26.04	9.27
Inventory	0.13	1.4	2.06	0.15	0.14	1.75
Prepaid Expenses	-	0.15	0.18	1.89	0.74	-
Restricted Cash	-	-	-	-	-	0.13
Other Current Assets	9.35	9.13	11.64	13.03	10.91	3.06
Total Current Assets	32.34	59.14	56.6	57.73	47.99	19.27
Property, Plant & Equipment	0.56	1.89	2.74	2.17	2.45	1.26
Long-Term Investments	-	-	-	-	-	0.07
Goodwill	1.99	1.99	1.99	1.99	1.99	1.75
Other Intangible Assets	-	-	0.83	1.22	2.27	1.89
Long-Term Deferred Tax Assets	2.92	2.75	2.69	2.47	2.18	0.15
Long-Term Deferred Charges	0.3	0.69	7.39	7.2	2.24	5.2
Other Long-Term Assets	1.1	1.02	0.74	0.32	0.43	-
Total Assets	39.2	67.49	72.98	73.08	59.56	29.59
Accounts Payable	8.3	16.05	23.25	23.82	20.18	10.59
Accrued Expenses	1.18	6.85	3.73	6.14	4.68	2.94
Short-Term Debt	-	-	-	-	-	1.69
Current Portion of Leases	0.35	0.58	0.56	0.51	0.61	-
Current Income Taxes Payable	0.02	-	0.95	0.65	0.88	0.85
Current Unearned Revenue	11.57	11.82	18.51	20.69	17.42	0
Other Current Liabilities	1.02	1.79	1.01	0.63	0.14	0.15
Total Current Liabilities	22.43	37.08	48.01	52.43	43.9	16.21
Long-Term Leases	0.34	0.46	0.61	0.56	0.52	-
Pension & Post-Retirement Benefits	0.01	0.01	0.03	0.02	0.06	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.16
Other Long-Term Liabilities	-	-	-	0.27	0.13	2.92
Total Liabilities	22.78	37.56	48.66	53.28	44.61	19.29
Common Stock	0.18	0.21	0.21	0.21	0.19	0.19
Additional Paid-In Capital	0.32	4.44	2.97	2.97	1.18	1.18
Retained Earnings	13.89	23.14	18.83	15.16	11.06	2.04
Comprehensive Income & Other	-	-	-	-	1.4	6.55
Total Common Equity	14.39	27.78	22	18.33	13.84	9.96
Minority Interest	2.04	2.15	2.32	1.47	1.12	0.34
Shareholders' Equity	16.42	29.93	24.32	19.8	14.95	10.3
Total Liabilities & Equity	39.2	67.49	72.98	73.08	59.56	29.59
Total Debt	0.68	1.04	1.17	1.08	1.14	1.69
Net Cash (Debt)	9.28	24.54	15.63	30.92	9.04	3.36
Net Cash Growth	120.17%	56.96%	-49.45%	242.12%	169.14%	-40.71%
Net Cash Per Share	4.83	11.95	7.61	15.06	4.41	1.75
Filing Date Shares Outstanding	1.79	1.79	2.05	2.05	1.92	1.92
Total Common Shares Outstanding	1.79	1.79	2.05	2.05	1.92	1.92
Working Capital	9.91	22.06	8.59	5.29	4.09	3.06
Book Value Per Share	8.05	15.55	10.72	8.93	7.22	5.20
Tangible Book Value	12.4	25.8	19.18	15.13	9.57	6.32
Tangible Book Value Per Share	6.94	14.43	9.35	7.37	5.00	3.30
Buildings	2.38	2.38	1.97	1.57	1.57	-
Machinery	3.39	4.92	5.47	4.31	4.16	3.06

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