Quercus TFI S.A. (WSE:QRS)

Quercus TFI Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	97.98	84.68	68.49	58.15	80.74	14.75
Short-Term Investments	16.47	14.58	-	-	-	-
Trading Asset Securities	-	-	0.3	-	3.32	18.2
Cash & Short-Term Investments	114.45	99.26	68.79	58.15	84.06	32.95
Cash Growth	138.67%	44.29%	18.30%	-30.82%	155.12%	-18.11%
Accounts Receivable	18.5	34	32.22	10.95	29.56	18.58
Other Receivables	-	0.02	1.52	-	0.11	0
Receivables	18.5	34.02	33.74	10.95	29.67	18.58
Other Current Assets	0.63	0.79	1.13	0.8	0.48	0.33
Total Current Assets	133.57	134.07	103.66	69.9	114.21	51.86
Property, Plant & Equipment	7.53	6.33	5.97	5.88	4.72	3.2
Long-Term Investments	40.76	42.12	87.26	75.14	69.09	30.57
Goodwill	-	-	-	-	-	0.01
Other Intangible Assets	7.4	6.84	6	6.4	7.51	0.02
Long-Term Deferred Tax Assets	0.27	1.44	-	-	-	1.41
Other Long-Term Assets	0.52	0.9	1.59	0.69	0.65	0.1
Total Assets	190.05	191.7	204.49	158	196.19	87.17
Accounts Payable	82.41	2.44	3.02	3.06	1.42	3.06
Accrued Expenses	16.9	20.72	14.73	7.1	13.65	9.06
Current Portion of Leases	1.32	1.44	1.52	1.15	2.17	0.31
Current Income Taxes Payable	1.16	5.41	4.25	0.49	2.2	2.51
Other Current Liabilities	-	37.03	50.86	41.2	70.42	0.84
Total Current Liabilities	101.79	67.03	74.37	52.99	89.87	15.78
Long-Term Leases	3.06	1.75	3.04	3.15	1.31	1.34
Long-Term Deferred Tax Liabilities	-	-	0.16	0.47	0.36	-
Other Long-Term Liabilities	3.05	3.01	21.71	14.84	14.87	10.05
Total Liabilities	107.9	72.08	99.57	71.67	106.6	27.29
Common Stock	5.21	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	26.5	46.81	32.84	15.18	25.02	17.84
Comprehensive Income & Other	74.74	32.56	32.18	31.39	29.84	29.69
Total Common Equity	76.25	113.42	99.38	81.06	89.59	59.88
Minority Interest	5.91	6.2	5.54	5.27	-	-
Shareholders' Equity	82.15	119.62	104.92	86.34	89.59	59.88
Total Liabilities & Equity	190.05	191.7	204.49	158	196.19	87.17
Total Debt	4.38	3.19	4.56	4.29	3.49	1.65
Net Cash (Debt)	110.06	96.07	64.23	53.86	80.57	31.3
Net Cash Growth	150.26%	49.57%	19.26%	-33.16%	157.43%	-22.08%
Net Cash Per Share	2.14	1.84	1.16	0.95	1.36	0.55
Filing Date Shares Outstanding	-	52.09	55.16	56.49	58.83	55.22
Total Common Shares Outstanding	-	52.09	55.16	56.49	58.83	55.22
Working Capital	31.79	67.04	29.29	16.91	24.34	36.08
Book Value Per Share	-	2.18	1.80	1.44	1.52	1.08
Tangible Book Value	68.85	106.57	93.37	74.66	82.08	59.86
Tangible Book Value Per Share	-	2.05	1.69	1.32	1.40	1.08
Buildings	-	-	-	-	-	1.96
Machinery	-	10.27	8.65	7.96	8.98	3.66

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