Veren 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	Mar '25 Mar 31, 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	310.04	287.63	275.63	142.42	83.93	28.81
Cash & Short-Term Investments	310.04	287.63	275.63	142.42	83.93	28.81
Cash Growth	82.67%	4.35%	93.54%	69.67%	191.35%	-57.06%
Accounts Receivable	42.36	48.91	34.37	23.58	18.28	8.78
Other Receivables	12.77	28.12	27.4	33.32	10.06	187.21
Receivables	55.12	77.03	63.79	57.05	28.34	195.99
Inventory	0.31	0.24	0.19	0.18	0.1	0.12
Prepaid Expenses	1.65	0.97	0.47	3.16	1.48	0.58
Other Current Assets	450.81	420.87	302.31	235.72	166.2	9.25
Total Current Assets	817.93	786.74	642.38	438.52	280.04	234.74
Property, Plant & Equipment	380.46	383.1	236.43	243.59	236.87	209.06
Goodwill	4.54	4.54	4.54	4.54	4.54	4.54
Other Intangible Assets	4.82	4.61	4.34	4.69	4.3	4.95
Long-Term Deferred Tax Assets	19.41	7.89	22.97	12.21	7.44	7.81
Other Long-Term Assets	0.34	112.36	72.78	22.43	21.85	13.74
Total Assets	1,227	1,299	983.43	725.99	555.05	474.83
Accounts Payable	83.11	117.93	74.81	73.22	82.05	39.95
Accrued Expenses	8.65	7.82	6.2	4.55	5.01	2.71
Short-Term Debt	17.37	-	-	-	10	71.03
Current Portion of Long-Term Debt	47.86	8.74	8.36	29.32	10.2	58.27
Current Portion of Leases	-	18.35	10.24	10.85	10.79	8.55
Current Income Taxes Payable	25.25	67.38	58.28	14.17	4.47	1.8
Current Unearned Revenue	394.13	451.08	349.96	232.98	145.98	76.73
Other Current Liabilities	99.27	79.18	150.96	73.49	19.12	10.77
Total Current Liabilities	675.63	750.48	658.82	438.57	287.61	269.79
Long-Term Debt	-18.38	22.49	30.84	68.81	49.6	35.05
Long-Term Leases	59.23	43.62	19.65	33.21	31.27	36.52
Long-Term Deferred Tax Liabilities	13.69	0.98	0.49	1.15	-	-
Other Long-Term Liabilities	13.84	29.47	23.17	30.06	37.09	40.44
Total Liabilities	744.7	848.03	733.65	572.09	405.71	382.02
Common Stock	1.46	1.46	1.46	1.46	1.46	1.46
Additional Paid-In Capital	36.56	36.56	36.56	36.56	36.56	36.56
Retained Earnings	432.11	372.72	190.5	68.56	67.22	49.94
Comprehensive Income & Other	-29.46	-3.46	-21.61	5.38	2.99	4.85
Total Common Equity	440.66	407.27	206.91	111.96	108.22	92.81
Minority Interest	42.13	43.94	42.87	41.94	41.11	-
Shareholders' Equity	482.79	451.21	249.78	153.9	149.33	92.81
Total Liabilities & Equity	1,227	1,299	983.43	725.99	555.05	474.83
Total Debt	106.09	93.2	69.09	142.19	111.86	209.42
Net Cash (Debt)	203.95	194.43	206.54	0.23	-27.92	-180.61
Net Cash Growth	97.23%	-5.86%	90488.16%	-	-	-
Net Cash Per Share	14.02	13.36	14.19	0.02	-1.83	-12.41
Filing Date Shares Outstanding	14.55	14.55	14.55	14.55	14.55	14.55
Total Common Shares Outstanding	14.55	14.55	14.55	14.55	14.55	14.55
Working Capital	142.3	36.26	-16.44	-0.05	-7.57	-35.05
Book Value Per Share	30.28	27.99	14.22	7.69	7.44	6.38
Tangible Book Value	431.31	398.12	198.03	102.73	99.38	83.32
Tangible Book Value Per Share	29.64	27.36	13.61	7.06	6.83	5.73
Land	-	33.79	33.17	24.28	23.82	22.02
Buildings	-	234.46	166.33	171.63	172.67	132.02
Machinery	-	53.95	38.42	30.99	28.81	23.86
Construction In Progress	-	0.99	5.09	4.95	0.63	3.58

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