Quercus TFI 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	118.35	84.68	68.49	58.15	80.74	14.75
Short-Term Investments	-	14.58	-	-	-	-
Trading Asset Securities	1.05	-	0.3	-	3.32	18.2
Cash & Short-Term Investments	119.39	99.26	68.79	58.15	84.06	32.95
Cash Growth	127.49%	44.29%	18.30%	-30.82%	155.12%	-18.11%
Accounts Receivable	20.1	34	32.22	10.95	29.56	18.58
Other Receivables	0.01	0.02	1.52	-	0.11	0
Receivables	20.11	34.02	33.74	10.95	29.67	18.58
Other Current Assets	0.85	0.79	1.13	0.8	0.48	0.33
Total Current Assets	140.35	134.07	103.66	69.9	114.21	51.86
Property, Plant & Equipment	7.04	6.33	5.97	5.88	4.72	3.2
Long-Term Investments	41.33	42.12	87.26	75.14	69.09	30.57
Goodwill	-	-	-	-	-	0.01
Other Intangible Assets	6.9	6.84	6	6.4	7.51	0.02
Long-Term Deferred Tax Assets	0.96	1.44	-	-	-	1.41
Other Long-Term Assets	1.1	0.9	1.59	0.69	0.65	0.1
Total Assets	197.67	191.7	204.49	158	196.19	87.17
Accounts Payable	2.06	2.44	3.02	3.06	1.42	3.06
Accrued Expenses	20.57	20.72	14.73	7.1	13.65	9.06
Current Portion of Leases	1.22	1.44	1.52	1.15	2.17	0.31
Current Income Taxes Payable	1.87	5.41	4.25	0.49	2.2	2.51
Other Current Liabilities	69.98	37.03	50.86	41.2	70.42	0.84
Total Current Liabilities	95.71	67.03	74.37	52.99	89.87	15.78
Long-Term Leases	2.79	1.75	3.04	3.15	1.31	1.34
Pension & Post-Retirement Benefits	0.28	0.29	0.29	0.23	0.19	0.12
Long-Term Deferred Tax Liabilities	-	-	0.16	0.47	0.36	-
Other Long-Term Liabilities	1.93	3.01	21.71	14.84	14.87	10.05
Total Liabilities	100.71	72.08	99.57	71.67	106.6	27.29
Common Stock	4.7	5.21	5.52	5.65	5.88	5.52
Additional Paid-In Capital	28.85	28.85	28.85	28.85	28.85	6.84
Retained Earnings	40.74	46.81	32.84	15.18	25.02	17.84
Comprehensive Income & Other	16.21	32.56	32.18	31.39	29.84	29.69
Total Common Equity	90.48	113.42	99.38	81.06	89.59	59.88
Minority Interest	6.48	6.2	5.54	5.27	-	-
Shareholders' Equity	96.96	119.62	104.92	86.34	89.59	59.88
Total Liabilities & Equity	197.67	191.7	204.49	158	196.19	87.17
Total Debt	4.01	3.19	4.56	4.29	3.49	1.65
Net Cash (Debt)	115.38	96.07	64.23	53.86	80.57	31.3
Net Cash Growth	135.86%	49.57%	19.26%	-33.16%	157.43%	-22.08%
Net Cash Per Share	2.51	1.84	1.16	0.95	1.36	0.55
Filing Date Shares Outstanding	46.96	52.09	55.16	56.49	58.83	55.22
Total Common Shares Outstanding	46.96	52.09	55.16	56.49	58.83	55.22
Working Capital	44.64	67.04	29.29	16.91	24.34	36.08
Book Value Per Share	1.93	2.18	1.80	1.44	1.52	1.08
Tangible Book Value	83.59	106.57	93.37	74.66	82.08	59.86
Tangible Book Value Per Share	1.78	2.05	1.69	1.32	1.40	1.08
Buildings	-	-	-	-	-	1.96
Machinery	10.37	10.27	8.65	7.96	8.98	3.66

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