Polwax 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	-	1.22	29.63	3.78	3.15	13.84
Cash & Short-Term Investments	0.45	1.22	29.63	3.78	3.15	13.84
Cash Growth	-68.95%	-95.87%	683.32%	20.06%	-77.24%	-4.63%
Accounts Receivable	6.67	2.75	3.5	10.31	15.4	20.68
Other Receivables	1.98	2.89	6.8	6.79	6.67	7.7
Receivables	8.65	5.64	10.3	17.11	22.07	28.38
Inventory	46.89	41.99	31.25	35.91	53.25	39.55
Prepaid Expenses	-	0.3	0.24	0.32	0.2	0.21
Other Current Assets	11.64	11.71	11.09	22.94	29.08	22.69
Total Current Assets	67.62	60.87	82.52	80.07	107.75	104.67
Property, Plant & Equipment	26.41	23.98	23.83	25.46	25.85	27.27
Other Intangible Assets	0.07	0.06	0.09	0.35	0.69	0.89
Long-Term Deferred Tax Assets	4.91	4.95	5.41	5.94	9.47	9.13
Other Long-Term Assets	-	2.31	0.8	-	0.01	-
Total Assets	99.02	92.17	112.66	111.81	143.77	141.96
Accounts Payable	-	10.68	4.43	4.81	13.27	6.06
Accrued Expenses	0.35	1.58	2.07	2.38	3.82	1.9
Short-Term Debt	-	3.8	2.21	6.67	11.11	15.15
Current Portion of Leases	-	0.51	0.37	0.32	0.04	0.14
Current Income Taxes Payable	-	1.17	1.08	1.07	1.28	6.33
Current Unearned Revenue	-	0.01	0	4.3	1.09	4.9
Other Current Liabilities	38.03	7.97	38.4	9.8	10.16	9.64
Total Current Liabilities	38.38	25.7	48.55	29.36	40.76	44.12
Long-Term Leases	-	0.26	0.5	0.76	0.01	0.09
Pension & Post-Retirement Benefits	-	0.27	0.24	0.52	2.19	2.67
Long-Term Deferred Tax Liabilities	-	0.51	0.67	0.75	0.66	0.61
Other Long-Term Liabilities	16.94	15.32	0.45	26.19	0.72	0.91
Total Liabilities	55.33	42.05	50.41	57.59	44.34	48.39
Common Stock	3.09	3.09	3.09	1.55	1.55	1.55
Additional Paid-In Capital	-	-	29.24	-	-	23.16
Retained Earnings	35.51	41.93	24.82	11.98	57.19	68.87
Comprehensive Income & Other	5.1	5.1	5.1	40.7	40.7	-
Shareholders' Equity	43.69	50.12	62.24	54.23	99.43	93.57
Total Liabilities & Equity	99.02	92.17	112.66	111.81	143.77	141.96
Total Debt	-	4.56	3.08	7.76	11.16	15.38
Net Cash (Debt)	0.45	-3.34	26.55	-3.98	-8	-1.54
Net Cash Per Share	0.01	-0.05	0.43	-0.13	-0.26	-0.05
Filing Date Shares Outstanding	61.7	61.7	61.7	30.9	30.9	30.9
Total Common Shares Outstanding	61.7	61.7	61.7	30.9	30.9	30.9
Working Capital	29.24	35.17	33.96	50.7	66.99	60.55
Book Value Per Share	0.71	0.81	1.01	1.75	3.22	3.03
Tangible Book Value	43.62	50.06	62.15	53.87	98.74	92.68
Tangible Book Value Per Share	0.71	0.81	1.01	1.74	3.20	3.00
Land	-	2.44	2.44	2.06	2.06	2.06
Buildings	-	31.04	30.79	30.78	30.7	30.15
Machinery	-	38.71	37.98	37.35	35.42	35.22
Construction In Progress	-	3.68	3.16	3.48	3.87	3.77