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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	179.89	141.35	84.68	68.49	58.15	80.74
Short-Term Investments	-	-	14.58	-	-	-
Trading Asset Securities	0.71	1.46	-	0.3	-	3.32
Cash & Short-Term Investments	180.6	142.81	99.26	68.79	58.15	84.06
Cash Growth	51.27%	43.88%	44.29%	18.30%	-30.82%	155.12%
Accounts Receivable	22.49	37.86	34	32.22	10.95	29.56
Other Receivables	0.07	0.01	0.02	1.52	-	0.11
Receivables	22.56	37.87	34.02	33.74	10.95	29.67
Other Current Assets	0.87	1.01	0.79	1.13	0.8	0.48
Total Current Assets	204.03	181.69	134.07	103.66	69.9	114.21
Property, Plant & Equipment	8.2	9.41	6.33	5.97	5.88	4.72
Long-Term Investments	61.87	41.36	42.12	87.26	75.14	69.09
Other Intangible Assets	8.23	8	6.84	6	6.4	7.51
Long-Term Deferred Tax Assets	3.19	2.46	1.44	-	-	-
Other Long-Term Assets	1.11	0.48	0.9	1.59	0.69	0.65
Total Assets	286.62	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1.84	36	2.44	3.02	3.06	1.42
Accrued Expenses	29.61	25.4	20.72	14.73	7.1	13.65
Current Portion of Leases	1.74	1.31	1.44	1.52	1.15	2.17
Current Income Taxes Payable	2.2	4.85	5.41	4.25	0.49	2.2
Other Current Liabilities	80.66	37.7	37.03	50.86	41.2	70.42
Total Current Liabilities	116.05	105.24	67.03	74.37	52.99	89.87
Long-Term Leases	3.07	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	124.87	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	Sep 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	144.23	35.78	28.85	28.85	28.85	28.85
Retained Earnings	59.87	64.86	46.81	32.84	15.18	25.02
Comprehensive Income & Other	-	16.13	32.56	32.18	31.39	29.84
Total Common Equity	153.46	121.53	113.42	99.38	81.06	89.59
Minority Interest	8.29	7.33	6.2	5.54	5.27	-
Shareholders' Equity	161.75	128.86	119.62	104.92	86.34	89.59
Total Liabilities & Equity	286.62	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	4.81	5.31	3.19	4.56	4.29	3.49
Net Cash (Debt)	175.79	137.51	96.07	64.23	53.86	80.57
Net Cash Growth	52.35%	43.13%	49.57%	19.26%	-33.16%	157.43%
Net Cash Per Share	3.58	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	87.98	76.45	67.04	29.29	16.91	24.34
Book Value Per Share	3.28	2.55	2.18	1.80	1.44	1.52
Tangible Book Value	145.23	113.53	106.57	93.37	74.66	82.08
Tangible Book Value Per Share	3.10	2.39	2.05	1.69	1.32	1.40
Machinery	11.66	11.68	10.27	8.65	7.96	8.98

Data Source: S&P Global Market Intelligence Last updated: Oct 20, 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:

Oct 31, 2026

Data Sources Report a data error