Photon Energy Ratios and Metrics

Market cap in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 12, 2026	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
Market Capitalization	107	256	485	769	402	650
Market Cap Growth	-59.43%	-47.25%	-36.98%	91.34%	-38.18%	166.12%
Enterprise Value	827	977	1,298	1,322	850	1,000
PE Ratio	-	-	-	26.06	-	-
PS Ratio	0.25	0.66	1.58	1.73	2.41	5.04
PB Ratio	0.46	1.00	1.61	2.33	1.70	3.55
P/FCF Ratio	2.83	8.14	-	-	-	-
P/OCF Ratio	1.66	4.18	15.47	57.75	14.09	23.72
EV/Sales Ratio	1.92	2.52	4.23	2.97	5.10	7.75
EV/EBITDA Ratio	32.69	39.14	485.03	12.59	23.19	30.89
EV/EBIT Ratio	-	-	-	19.33	-	-
EV/FCF Ratio	21.80	31.08	-	-	-	-
Debt / Equity Ratio	3.13	2.91	2.58	2.13	2.51	2.50
Debt / EBITDA Ratio	30.97	25.31	103.55	6.49	15.11	13.27
Debt / FCF Ratio	19.44	23.79	-	-	-	-
Net Debt / Equity Ratio	3.07	2.74	2.47	1.89	1.84	2.25
Net Debt / EBITDA Ratio	37.48	28.23	278.41	5.94	11.85	12.73
Net Debt / FCF Ratio	19.01	22.42	-10.67	-5.39	-39.46	-7.33
Quick Ratio	0.77	0.72	0.80	0.93	1.23	1.05
Current Ratio	1.16	1.24	1.77	1.93	1.60	1.57
Asset Turnover	0.37	0.33	0.27	0.42	0.21	0.19
Return on Equity (ROE)	-26.38%	-20.37%	-22.50%	10.26%	-14.04%	-22.30%
Return on Assets (ROA)	-1.01%	-0.76%	-2.07%	4.06%	-0.53%	-0.18%
Return on Capital Employed (ROCE)	-1.90%	-1.50%	-3.60%	6.60%	-0.90%	-0.30%
Earnings Yield	-62.37%	-21.94%	-14.06%	3.84%	-7.31%	-6.08%
FCF Yield	35.30%	12.28%	-14.40%	-15.04%	-2.73%	-8.65%
Buyback Yield / Dilution	-0.45%	-0.36%	-5.30%	-4.14%	-4.13%	-2.12%

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