Quart Development 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	14.98	15.52	1.32	0.71	2.36
Short-Term Investments	7.14	2.44	1.31	0.81	0.31
Cash & Short-Term Investments	22.13	17.95	2.63	1.53	2.66
Cash Growth	23.24%	583.10%	72.32%	-42.73%	-72.08%
Accounts Receivable	0.07	0.01	0.05	0.17	3.23
Other Receivables	0.09	0.1	0.41	0.55	1.95
Receivables	0.16	0.12	0.46	0.72	5.18
Inventory	23	26.01	34.36	34.15	25.32
Prepaid Expenses	0.01	0.02	0.01	0.02	0.01
Restricted Cash	-	0.57	0.24	-	-
Other Current Assets	0.06	0.06	0.06	0.12	0.1
Total Current Assets	45.36	44.73	37.75	36.54	33.28
Property, Plant & Equipment	0.69	1.25	3.75	3.94	7.08
Long-Term Investments	0	0	0	0	-
Long-Term Deferred Tax Assets	0.03	0.01	0.01	0	0.02
Other Long-Term Assets	6	4	-	-	-
Total Assets	52.08	49.99	41.51	40.49	40.39
Accounts Payable	0.05	0.11	0.25	0.35	1.7
Accrued Expenses	0.08	0.08	0.1	0.1	0.09
Current Income Taxes Payable	0.22	0.41	0.3	0.1	0.59
Current Unearned Revenue	-	0.6	1.31	-	0.19
Other Current Liabilities	0.44	0.49	0.56	0.63	0.49
Total Current Liabilities	0.79	1.69	2.52	1.18	3.06
Pension & Post-Retirement Benefits	0.02	0.02	0.02	0.02	0.02
Other Long-Term Liabilities	1.18	0.55	0.36	0.47	0.56
Total Liabilities	1.98	2.26	2.9	1.67	3.64
Common Stock	12.83	12.83	12.83	12.83	12.83
Additional Paid-In Capital	36.02	25.31	24.77	25.62	24.74
Retained Earnings	0.78	9.11	0.55	-0.1	-1.23
Comprehensive Income & Other	0.04	0.04	0.04	0.04	-
Total Common Equity	49.66	47.3	38.18	38.38	36.34
Minority Interest	0.44	0.43	0.43	0.43	0.41
Shareholders' Equity	50.1	47.73	38.61	38.81	36.75
Total Liabilities & Equity	52.08	49.99	41.51	40.49	40.39
Net Cash (Debt)	22.13	17.95	2.63	1.53	2.66
Net Cash Growth	23.24%	583.10%	72.32%	-42.73%	-72.08%
Net Cash Per Share	1.72	1.40	-	0.12	0.21
Filing Date Shares Outstanding	12.83	12.83	-	12.83	12.83
Total Common Shares Outstanding	12.83	12.83	-	12.83	12.83
Working Capital	44.57	43.04	35.23	35.36	30.21
Book Value Per Share	3.87	3.69	-	2.99	2.83
Tangible Book Value	49.66	47.3	38.18	38.38	36.34
Tangible Book Value Per Share	3.87	3.69	-	2.99	2.83
Land	0.02	0.02	2.16	2.16	2.16
Buildings	0.54	1.14	1.58	1.58	5.4
Machinery	0.62	1.36	1.5	1.5	1.3
Construction In Progress	-	-	0.1	0.1	0.37

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