Passus 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	7.09	15.28	16.44	16.8	32	10.17
Cash & Short-Term Investments	7.09	15.28	16.44	16.8	32	10.17
Cash Growth	-52.26%	-7.09%	-2.15%	-47.49%	214.54%	101.52%
Accounts Receivable	27.87	34.51	19.07	22.54	8.79	24
Other Receivables	-	8.68	2.06	3.33	1.87	2.04
Receivables	30.24	45.53	32.47	25.91	10.66	26.04
Inventory	5.35	2.02	1.4	2.06	0.15	0.14
Prepaid Expenses	-	0.08	0.15	0.18	1.89	0.74
Other Current Assets	7.61	13.13	9.13	11.64	13.03	10.91
Total Current Assets	50.29	76.04	59.59	56.6	57.73	47.99
Property, Plant & Equipment	0.54	0.68	1.89	2.74	2.17	2.45
Goodwill	1.99	1.99	1.99	1.99	1.99	1.99
Other Intangible Assets	2.25	-	-	0.83	1.22	2.27
Long-Term Deferred Tax Assets	2.49	2.59	2.75	2.69	2.47	2.18
Long-Term Deferred Charges	-	2.38	0.69	7.39	7.2	2.24
Other Long-Term Assets	1.05	0.98	1.02	0.74	0.32	0.43
Total Assets	58.6	84.65	67.94	72.98	73.08	59.56
Accounts Payable	14.62	38.63	16.05	23.25	23.82	20.18
Accrued Expenses	0.55	4.34	6.85	3.73	6.14	4.68
Short-Term Debt	3.51	-	-	-	-	-
Current Portion of Leases	0.63	0.61	0.58	0.56	0.51	0.61
Current Income Taxes Payable	-	0.51	-	0.95	0.65	0.88
Current Unearned Revenue	6.66	7.96	11.82	18.51	20.69	17.42
Other Current Liabilities	2.53	3.38	1.79	1.01	0.63	0.14
Total Current Liabilities	28.49	55.42	37.08	48.01	52.43	43.9
Long-Term Leases	0.05	0.2	0.46	0.61	0.56	0.52
Pension & Post-Retirement Benefits	0.01	0.01	0.01	0.03	0.02	0.06
Other Long-Term Liabilities	-	-	-	-	0.27	0.13
Total Liabilities	28.56	55.63	37.56	48.66	53.28	44.61
Common Stock	0.19	0.19	0.21	0.21	0.21	0.19
Additional Paid-In Capital	0.32	0.32	4.44	2.97	2.97	1.18
Retained Earnings	25.87	25.27	23.6	18.83	15.16	11.06
Comprehensive Income & Other	-	-	-	-	-	1.4
Total Common Equity	26.37	25.77	28.24	22	18.33	13.84
Minority Interest	3.67	3.24	2.15	2.32	1.47	1.12
Shareholders' Equity	30.04	29.02	30.39	24.32	19.8	14.95
Total Liabilities & Equity	58.6	84.65	67.94	72.98	73.08	59.56
Total Debt	4.18	0.81	1.04	1.17	1.08	1.14
Net Cash (Debt)	2.9	14.47	15.4	15.63	30.92	9.04
Net Cash Growth	-79.19%	-6.04%	-1.49%	-49.45%	242.12%	169.14%
Net Cash Per Share	1.52	7.67	7.50	7.61	15.06	4.41
Filing Date Shares Outstanding	1.88	1.68	1.79	2.05	2.05	1.92
Total Common Shares Outstanding	1.88	1.68	1.79	2.05	2.05	1.92
Working Capital	21.79	20.62	22.51	8.59	5.29	4.09
Book Value Per Share	14.06	15.35	15.80	10.72	8.93	7.22
Tangible Book Value	22.14	23.78	26.25	19.18	15.13	9.57
Tangible Book Value Per Share	11.81	14.17	14.69	9.35	7.37	5.00
Buildings	-	2.79	2.38	1.97	1.57	1.57
Machinery	-	3	4.92	5.47	4.31	4.16

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