Quercus TFI S.A. (WSE:QRS)

Quercus TFI Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	171.21	141.35	84.68	68.49	58.15	80.74
Short-Term Investments	-	-	14.58	-	-	-
Trading Asset Securities	0.72	1.46	-	0.3	-	3.32
Cash & Short-Term Investments	171.93	142.81	99.26	68.79	58.15	84.06
Cash Growth	50.23%	43.88%	44.29%	18.30%	-30.82%	155.12%
Accounts Receivable	22.29	37.86	34	32.22	10.95	29.56
Other Receivables	0.04	0.01	0.02	1.52	-	0.11
Receivables	22.33	37.87	34.02	33.74	10.95	29.67
Other Current Assets	0.75	1.01	0.79	1.13	0.8	0.48
Total Current Assets	195.01	181.69	134.07	103.66	69.9	114.21
Property, Plant & Equipment	8.71	9.41	6.33	5.97	5.88	4.72
Long-Term Investments	48	41.36	42.12	87.26	75.14	69.09
Other Intangible Assets	8.57	8	6.84	6	6.4	7.51
Long-Term Deferred Tax Assets	2.09	2.46	1.44	-	-	-
Other Long-Term Assets	0.69	0.48	0.9	1.59	0.69	0.65
Total Assets	263.06	243.4	191.7	204.49	158	196.19

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.55	36	2.44	3.02	3.06	1.42
Accrued Expenses	24.61	25.4	20.72	14.73	7.1	13.65
Current Portion of Leases	1.6	1.31	1.44	1.52	1.15	2.17
Current Income Taxes Payable	2.05	4.85	5.41	4.25	0.49	2.2
Other Current Liabilities	75.8	37.7	37.03	50.86	41.2	70.42
Total Current Liabilities	106.61	105.24	67.03	74.37	52.99	89.87
Long-Term Leases	3.46	4	1.75	3.04	3.15	1.31
Pension & Post-Retirement Benefits	0.39	0.39	0.29	0.29	0.23	0.19
Long-Term Deferred Tax Liabilities	-	-	-	0.16	0.47	0.36
Other Long-Term Liabilities	5.37	4.91	3.01	21.71	14.84	14.87
Total Liabilities	115.82	114.54	72.08	99.57	71.67	106.6

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	5.06	4.76	5.21	5.52	5.65	5.88
Additional Paid-In Capital	71.48	35.78	28.85	28.85	28.85	28.85
Retained Earnings	46.44	64.86	46.81	32.84	15.18	25.02
Comprehensive Income & Other	72.75	16.13	32.56	32.18	31.39	29.84
Total Common Equity	140.03	121.53	113.42	99.38	81.06	89.59
Minority Interest	7.21	7.33	6.2	5.54	5.27	-
Shareholders' Equity	147.24	128.86	119.62	104.92	86.34	89.59
Total Liabilities & Equity	263.06	243.4	191.7	204.49	158	196.19

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	5.05	5.31	3.19	4.56	4.29	3.49
Net Cash (Debt)	166.88	137.51	96.07	64.23	53.86	80.57
Net Cash Growth	51.62%	43.13%	49.57%	19.26%	-33.16%	157.43%
Net Cash Per Share	3.56	2.89	1.84	1.16	0.95	1.36
Filing Date Shares Outstanding	46.86	47.57	52.09	55.16	56.49	58.83
Total Common Shares Outstanding	46.86	47.57	52.09	55.16	56.49	58.83
Working Capital	88.4	76.45	67.04	29.29	16.91	24.34
Book Value Per Share	2.99	2.55	2.18	1.80	1.44	1.52
Tangible Book Value	131.46	113.53	106.57	93.37	74.66	82.08
Tangible Book Value Per Share	2.81	2.39	2.05	1.69	1.32	1.40
Machinery	11.82	11.68	10.27	8.65	7.96	8.98

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 31, 2026

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