WSE:RAF 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	14.9	3.94	0.78	3.58	2.68	2.25
Cash & Short-Term Investments	14.9	3.94	0.78	3.58	2.68	2.25
Cash Growth	168.67%	405.91%	-78.26%	33.79%	19.23%	164.23%
Accounts Receivable	73.32	82.28	111.81	94.81	90.78	78.42
Other Receivables	6.99	4.13	3.22	2.67	5.23	2.35
Receivables	80.31	86.41	115.03	97.47	96.01	80.77
Inventory	13.71	19.29	16.64	26.61	27.11	22.39
Prepaid Expenses	-	0.5	0.43	0.36	0.43	0.55
Other Current Assets	2.05	1.5	1.5	2.69	0.87	1.28
Total Current Assets	110.97	111.63	134.38	130.71	127.1	107.22
Property, Plant & Equipment	76.87	90.53	102.37	92.12	87.02	84.65
Long-Term Investments	0.13	0.13	0.13	0.13	0.13	0.4
Other Intangible Assets	1.46	0.66	0.77	0.88	1	1.2
Long-Term Deferred Tax Assets	0.36	0.54	8.62	5.5	4.23	4.07
Long-Term Deferred Charges	-	1.87	2.41	0.66	0.82	1.05
Other Long-Term Assets	0.07	0.4	0.47	5.12	0.58	0.82
Total Assets	189.85	205.76	249.14	235.12	220.86	199.41
Accounts Payable	22.39	21.89	19.16	21.49	20.91	17.56
Accrued Expenses	16.3	12.25	9.77	8.67	8.11	5.97
Short-Term Debt	9.41	23.8	-	-	28.3	18.73
Current Portion of Long-Term Debt	28.62	11.15	35.03	35.03	0.86	5.82
Current Portion of Leases	3.59	3.59	2.93	2.74	2.17	2.19
Current Income Taxes Payable	0	0.01	0.01	0	0.01	-
Current Unearned Revenue	28.84	45.49	46.49	38.9	32.33	29.01
Other Current Liabilities	4.47	3.38	2.12	2.72	2.68	1.76
Total Current Liabilities	113.62	121.56	115.51	109.56	95.35	81.05
Long-Term Debt	8.2	10.6	11.6	13.05	10.37	4.61
Long-Term Leases	10.15	10.87	10.49	6.63	4.64	3.29
Long-Term Unearned Revenue	4.84	5.22	5.75	6.4	2.72	1.6
Pension & Post-Retirement Benefits	6.84	6.84	6.94	6.67	7.98	9.3
Long-Term Deferred Tax Liabilities	5.65	5.26	8.67	7.97	7.72	7.42
Other Long-Term Liabilities	-	-	0.04	0.04	0.04	0.04
Total Liabilities	149.28	160.34	158.99	150.32	128.82	107.3
Common Stock	83.85	53.85	53.85	43.19	43.19	43.19
Additional Paid-In Capital	-	18.28	18.28	13.03	13.03	13.03
Retained Earnings	-41.24	-24.67	19.82	30.37	37.6	37.96
Comprehensive Income & Other	-2.05	-2.05	-1.81	-1.8	-1.78	-2.07
Shareholders' Equity	40.56	45.41	90.15	84.8	92.04	92.11
Total Liabilities & Equity	189.85	205.76	249.14	235.12	220.86	199.41
Total Debt	59.96	60.02	60.05	57.45	46.34	34.64
Net Cash (Debt)	-45.06	-56.08	-59.28	-53.87	-43.66	-32.39
Net Cash Per Share	-5.90	-10.41	-11.01	-12.47	-10.11	-7.50
Filing Date Shares Outstanding	8.39	5.39	5.39	5.39	4.32	4.32
Total Common Shares Outstanding	8.39	5.39	5.39	4.32	4.32	4.32
Working Capital	-2.65	-9.92	18.87	21.15	31.74	26.17
Book Value Per Share	4.84	8.43	16.74	19.63	21.31	21.33
Tangible Book Value	39.11	44.75	89.38	83.92	91.04	90.91
Tangible Book Value Per Share	4.66	8.31	16.60	19.43	21.08	21.05
Land	-	1.02	1.03	1.03	1.03	1.03
Buildings	-	40.7	39.83	38.34	37.96	37.42
Machinery	-	122.94	138.34	114.65	112.43	100.02
Construction In Progress	-	0.35	6.75	8.95	4.16	7.72

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.