Polenergia 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	1,009	874.46	1,489	1,411	868.69	387.37
Accounts Receivable	203.35	249.2	255.89	283.32	362.95	221.22
Other Receivables	181.57	124.86	149.23	301.41	112.06	365.38
Inventory	18.56	33.09	39.81	90.21	111.62	45.08
Prepaid Expenses	38.76	6.7	9.16	9.25	8.02	5.38
Loans Receivable Current	-	-	-	0.07	0.19	-
Other Current Assets	-	77.96	139.31	206.05	837.31	1,249
Total Current Assets	1,635	1,366	2,082	2,301	2,301	2,273
Property, Plant & Equipment	3,158	3,258	3,400	3,257	3,021	2,531
Goodwill	69.13	69.13	157.34	157.34	157.34	69.13
Other Intangible Assets	11.62	9.22	9.18	9.67	11.58	6.36
Long-Term Investments	3,034	3,011	1,708	816.23	396.16	356.91
Long-Term Deferred Tax Assets	39.7	49.64	37.73	36.39	25.76	3.44
Other Long-Term Assets	629.71	604.22	135.94	133.95	334.97	367.04
Total Assets	8,577	8,368	7,530	6,712	6,247	5,607
Accounts Payable	87.96	107.1	115.77	108.68	171.98	230.95
Accrued Expenses	91.39	78.04	88	52.67	37.03	38.26
Current Portion of Long-Term Debt	239.22	201.11	163.56	211.34	216.74	413.92
Current Unearned Revenue	-	71.4	105.75	242.96	51.1	158.77
Current Portion of Leases	30.03	30.31	34.54	27.61	22.87	11.73
Current Income Taxes Payable	1.22	12.64	49.22	8	9.6	14.48
Other Current Liabilities	360.61	167.76	171.78	252.87	870.2	1,273
Total Current Liabilities	810.43	668.36	728.61	904.13	1,380	2,141
Long-Term Debt	2,736	2,749	1,941	1,321	1,293	1,020
Long-Term Leases	233.97	234.11	237.88	177.14	160.77	207.56
Long-Term Unearned Revenue	34.28	34.43	41.57	40.34	40.51	43.7
Pension & Post-Retirement Benefits	-	2.33	2.5	2.42	2.26	-
Long-Term Deferred Tax Liabilities	92.03	96.88	102	97.7	116.8	105.42
Other Long-Term Liabilities	211.94	231.25	173.37	171.44	171.74	231.92
Total Liabilities	4,119	4,017	3,227	2,714	3,164	3,750
Common Stock	154.44	154.44	154.44	154.44	133.6	90.89
Additional Paid-In Capital	2,241	2,241	2,241	2,241	1,516	557.98
Retained Earnings	645.06	584.62	780.22	638.96	495.7	576.86
Comprehensive Income & Other	1,417	1,371	1,128	962.92	937.81	631.36
Total Common Equity	4,458	4,351	4,304	3,998	3,083	1,857
Shareholders' Equity	4,458	4,351	4,304	3,998	3,083	1,857
Total Liabilities & Equity	8,577	8,368	7,530	6,712	6,247	5,607
Total Debt	3,239	3,215	2,377	1,737	1,693	1,654
Net Cash (Debt)	-2,046	-2,340	-887.8	-326.13	-824.39	-1,266
Net Cash Per Share	-26.48	-30.31	-11.50	-4.77	-13.53	-27.86
Filing Date Shares Outstanding	77.22	77.22	77.22	77.22	66.8	45.44
Total Common Shares Outstanding	77.22	77.22	77.22	77.22	66.8	45.44
Working Capital	824.89	697.91	1,354	1,397	921.32	132.24
Book Value Per Share	57.73	56.35	55.73	51.77	46.15	40.87
Tangible Book Value	4,377	4,273	4,137	3,831	2,914	1,782
Tangible Book Value Per Share	56.69	55.33	53.57	49.61	43.62	39.20
Land	-	254.7	261.34	195.8	170.69	222.53
Buildings	-	1,417	1,357	1,294	1,061	675.13
Machinery	-	2,784	2,720	2,587	2,260	1,561
Construction In Progress	-	82.14	175.63	133.04	333.62	762.24

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