Polwax Balance Sheet

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1.22	29.63	3.78	3.15	13.84
Cash Growth	-95.87%	683.32%	20.06%	-77.24%	-4.63%
Accounts Receivable	2.75	3.5	10.31	15.4	20.68
Other Receivables	2.89	6.8	6.79	6.67	7.7
Receivables	5.64	10.3	17.11	22.07	28.38
Inventory	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	11.71	11.09	22.94	29.08	22.69
Total Current Assets	60.87	82.52	80.07	107.75	104.67
Property, Plant & Equipment	23.98	23.83	25.46	25.85	27.27
Other Intangible Assets	0.06	0.09	0.35	0.69	0.89
Long-Term Deferred Tax Assets	4.95	5.41	5.94	9.47	9.13
Other Long-Term Assets	2.31	0.8	-	0.01	-
Total Assets	92.17	112.66	111.81	143.77	141.96
Accounts Payable	10.68	4.43	4.81	13.27	6.06
Accrued Expenses	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	7.97	38.4	9.8	10.16	9.64
Total Current Liabilities	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	15.32	0.45	26.19	0.72	0.91
Total Liabilities	42.05	50.41	57.59	44.34	48.39
Common Stock	3.09	3.09	1.55	1.55	1.55
Additional Paid-In Capital	-	29.24	-	-	23.16
Retained Earnings	41.93	24.82	11.98	57.19	68.87
Comprehensive Income & Other	5.1	5.1	40.7	40.7	-
Shareholders' Equity	50.12	62.24	54.23	99.43	93.57
Total Liabilities & Equity	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)	-3.34	26.55	-3.98	-8	-1.54
Net Cash Per Share	-0.05	0.43	-0.13	-0.26	-0.05
Filing Date Shares Outstanding	61.7	61.7	30.9	30.9	30.9
Total Common Shares Outstanding	61.7	61.7	30.9	30.9	30.9
Working Capital	35.17	33.96	50.7	66.99	60.55
Book Value Per Share	0.81	1.01	1.75	3.22	3.03
Tangible Book Value	50.06	62.15	53.87	98.74	92.68
Tangible Book Value Per Share	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

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