Rafako 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	28.14	28.1	67.83	122.87	48.31	76.37
Short-Term Investments	0.73	0.73	2.29	15.7	-	-
Cash & Short-Term Investments	28.87	28.83	70.12	138.57	48.31	76.37
Cash Growth	-33.51%	-58.88%	-49.40%	186.83%	-36.74%	15.56%
Accounts Receivable	9.61	9.17	116.03	226.97	229.43	562.27
Other Receivables	39.55	48.41	73.36	21.57	27.15	65.56
Receivables	49.16	57.57	189.39	248.53	256.58	627.83
Inventory	1.97	2.34	9.46	14.74	13.47	23.11
Other Current Assets	-19.78	-32.75	-16.24	72.22	60.49	81.69
Total Current Assets	60.22	55.99	252.72	474.06	378.85	809
Property, Plant & Equipment	85.65	87.08	106.44	108.7	107.08	132.31
Long-Term Investments	44.22	44.22	58.55	46.68	28.07	-
Goodwill	-	-	0.24	0.24	-	0.48
Other Intangible Assets	0.77	0.86	2.76	3.05	3.63	4.91
Long-Term Deferred Tax Assets	-	-	-	0.31	24.11	25.56
Other Long-Term Assets	0.08	0.1	20.81	20.38	33.69	65.34
Total Assets	190.94	188.25	441.52	653.4	575.42	1,038
Accounts Payable	228.51	230.01	91.81	85.86	85.31	509.05
Accrued Expenses	38.05	22.58	19.78	26.49	11.59	44.96
Current Portion of Long-Term Debt	71.41	68.49	11.21	5.64	3.41	85.29
Current Portion of Leases	0.93	0.99	0.62	0.91	2.9	4.93
Current Income Taxes Payable	21.23	14.8	4.36	0.35	8.25	0.56
Current Unearned Revenue	319.41	325.29	64.55	191.09	115.8	216.56
Other Current Liabilities	762.47	774.91	391.92	186.29	131.91	240.78
Total Current Liabilities	1,442	1,437	584.25	496.63	359.18	1,102
Long-Term Debt	99.21	97.3	140.46	129.21	60.1	1.15
Long-Term Leases	-	-	1.04	1.39	0.61	1.91
Long-Term Deferred Tax Liabilities	8.65	8.5	11.45	-	-	-
Other Long-Term Liabilities	0.03	0.06	163.68	179.87	244.76	131.06
Total Liabilities	1,550	1,543	918.06	822.07	684.66	1,251
Common Stock	1.61	1.61	1.61	1.61	321.76	254.86
Additional Paid-In Capital	1.11	1.11	-	-	165.12	165.12
Retained Earnings	-1,358	-1,354	-477.26	-170.62	-596.12	-625.56
Comprehensive Income & Other	-0.76	-0.72	-0.51	-0.24	-	-0.11
Total Common Equity	-1,356	-1,352	-476.16	-169.24	-109.24	-205.69
Minority Interest	-3.03	-2.92	-0.38	0.58	-	-7.23
Shareholders' Equity	-1,359	-1,355	-476.54	-168.67	-109.24	-212.92
Total Liabilities & Equity	190.94	188.25	441.52	653.4	575.42	1,038
Total Debt	171.55	166.78	153.33	137.14	67.02	93.28
Net Cash (Debt)	-142.68	-137.95	-83.22	1.43	-18.71	-16.91
Net Cash Per Share	-0.88	-0.85	-0.52	0.01	-0.12	-0.13
Filing Date Shares Outstanding	161.44	161.44	161.44	160.88	160.88	127.43
Total Common Shares Outstanding	161.44	161.44	160.88	160.88	160.88	127.43
Working Capital	-1,382	-1,381	-331.53	-22.58	19.67	-293.14
Book Value Per Share	-8.40	-8.37	-2.96	-1.05	-0.68	-1.61
Tangible Book Value	-1,357	-1,353	-479.16	-172.53	-112.87	-211.08
Tangible Book Value Per Share	-8.40	-8.38	-2.98	-1.07	-0.70	-1.66
Land	-	8.61	8.7	8.6	8.24	22.51
Buildings	-	109.71	110.24	111.11	100.21	111.74
Machinery	-	112.75	116.1	118.32	110.75	121.2
Construction In Progress	-	0.17	0.29	0.5	0.1	2.74

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