PJP Makrum Balance Sheet

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Cash & Equivalents	9.15	13.09	22.11	29.37	17.69	9.81
Short-Term Investments	0.01	0.01	0.01	4.05	4.12	0.01
Cash & Short-Term Investments	9.15	13.1	22.11	33.43	21.81	9.82
Cash Growth	15.82%	-40.78%	-33.85%	53.27%	122.18%	-49.43%
Accounts Receivable	103.12	95.02	79.7	59.71	63.02	52.44
Other Receivables	7.85	1.45	3.57	8.03	4.98	3.03
Receivables	210.24	193.14	193.75	114.58	88.81	82.62
Inventory	73.66	66.84	71.31	80.76	63.13	32.17
Prepaid Expenses	3.43	2.31	0.63	1.47	1.09	0.24
Other Current Assets	2.64	2.86	2.1	2.03	1.16	2.96
Total Current Assets	299.12	278.24	289.9	232.26	175.98	127.8
Property, Plant & Equipment	66.07	59.01	61.11	50.58	51.12	41.31
Long-Term Investments	-	-	-	-	3.92	8
Goodwill	31.07	31.07	31.07	31.07	31.07	31.07
Other Intangible Assets	3.1	3.26	3.48	3.13	3.55	3.9
Long-Term Deferred Tax Assets	7.17	4.91	3.51	5.39	3.75	1.94
Other Long-Term Assets	19.38	19.38	17.47	22.23	20.89	21.16
Total Assets	425.92	395.87	406.54	344.65	314.55	243.86
Accounts Payable	92.86	63.97	58.09	59.65	72.79	37.79
Accrued Expenses	17.81	18.57	20.21	23.2	13.62	13.45
Short-Term Debt	33.48	24.89	41.23	17.53	18.83	15.4
Current Portion of Long-Term Debt	53.61	56.94	38.21	17.99	19.62	10.7
Current Portion of Leases	3.75	4.95	4.6	4.57	3.98	3.67
Current Income Taxes Payable	2.22	1.93	1.17	2.72	2.66	3.6
Current Unearned Revenue	17.25	27.5	30.25	34.74	29.32	9
Other Current Liabilities	17.32	11.52	8.87	8.73	6.7	6.21
Total Current Liabilities	238.3	210.28	202.63	169.13	167.52	99.82
Long-Term Debt	5.51	0.78	17.32	2	6.73	7.21
Long-Term Leases	4.99	6.74	9.28	10.75	10.51	6.83
Pension & Post-Retirement Benefits	0.43	0.38	0.39	0.44	0.43	0.38
Long-Term Deferred Tax Liabilities	0.6	0.63	1.36	0.55	1.17	2.21
Other Long-Term Liabilities	15.27	13.95	14.03	13.32	8.63	7.62
Total Liabilities	265.1	232.76	245	196.18	195	124.07
Common Stock	5.98	5.98	5.98	5.98	5.98	5.98
Additional Paid-In Capital	116.44	113.3	106	79.31	78.79	64.46
Retained Earnings	7.62	13.21	18.42	30.5	2.48	16.96
Comprehensive Income & Other	30.77	30.62	31.13	32.68	32.3	32.39
Shareholders' Equity	160.82	163.11	161.54	148.47	119.55	119.8
Total Liabilities & Equity	425.92	395.87	406.54	344.65	314.55	243.86
Total Debt	101.34	94.3	110.63	52.83	59.68	43.82
Net Cash (Debt)	-92.18	-81.21	-88.52	-19.4	-37.87	-34
Net Cash Per Share	-15.33	-13.57	-14.80	-3.24	-6.33	-5.68
Filing Date Shares Outstanding	5.98	5.98	5.98	5.98	5.98	5.98
Total Common Shares Outstanding	5.98	5.98	5.98	5.98	5.98	5.98
Working Capital	60.83	67.96	87.28	63.12	8.47	27.98
Book Value Per Share	26.88	27.26	27.00	24.82	19.98	20.02
Tangible Book Value	126.64	128.77	126.99	114.28	84.93	84.83
Tangible Book Value Per Share	21.17	21.52	21.23	19.10	14.20	14.18
Land	-	4.26	3.87	-	-	-
Buildings	-	42.33	42.31	36.56	36.23	25.37
Machinery	-	15.98	14.94	10.46	9.8	8.03
Construction In Progress	-	0.38	0.33	0.02	0.81	9.86

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