S4E S.A. Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	75.76	84.19	56.13	41.39	12.27	19.15
Cash & Short-Term Investments	75.76	84.19	56.13	41.39	12.27	19.15
Cash Growth	22.18%	49.99%	35.62%	237.43%	-35.94%	497.82%
Accounts Receivable	99.76	160.23	181.93	141.86	152.28	95.7
Other Receivables	2.52	-	-	-	-	-
Total Trade Receivables	102.28	160.23	181.93	141.86	152.28	95.7
Inventory	13.22	8.52	0.44	0.47	16.05	2.07
Other Current Assets	37.82	38.94	30.77	28.02	21.28	14.98
Total Current Assets	229.07	291.88	269.27	211.73	201.87	131.89
Net Property, Plant & Equipment	2.79	2.72	1.31	2.17	1.99	1.31
Other Intangible Assets	0.04	0.04	-	-	0.03	0.1
Other Long-Term Assets	50.75	55.89	50.63	45.08	27.97	15.39
Total Assets	282.65	350.54	321.21	258.99	231.85	148.69
Accounts Payable	140.24	200.82	196.42	146.7	154.9	95.01
Short-Term Debt	-	-	-	-	0.53	0.49
Current Portion of Leases	0.81	0.83	0.59	0.57	-	-
Unearned Revenue	48.59	50.08	40.63	36.79	28.12	22.98
Other Current Liabilities	2.35	5.66	5.09	7.28	5.58	5.41
Total Current Liabilities	191.98	257.39	242.72	191.34	189.13	123.9
Long-Term Debt	-	-	-	-	0.64	0.25
Long-Term Leases	0.81	0.98	0.23	0.82	-	-
Other Long-Term Liabilities	49.38	54.53	49.2	44.82	28.06	16.56
Total Long-Term Liabilities	50.19	55.51	49.43	45.64	28.7	16.81
Total Liabilities	242.17	312.9	292.15	236.97	217.84	140.7
Common Stock	1.74	1.74	1.74	1.74	1.74	1.74
Additional Paid-in Capital	13.4	13.4	13.4	13.4	13.4	13.4
Retained Earnings	25.34	22.5	13.93	6.88	-1.12	-7.15
Shareholders' Equity	40.48	37.64	29.06	22.01	14.01	7.99
Total Liabilities & Equity	282.65	350.54	321.21	258.99	231.85	148.69
Total Debt	1.62	1.81	0.82	1.39	1.17	0.74
Net Cash (Debt)	74.14	82.38	55.32	40	11.09	18.41
Net Cash Growth	20.91%	48.92%	38.28%	260.66%	-39.74%	769.44%
Net Cash Per Share	42.69	47.42	31.84	23.03	6.38	10.60
Book Value	40.48	37.64	29.06	22.01	14.01	7.99
Book Value Per Share	23.31	21.66	16.73	12.67	8.07	4.60
Tangible Book Value	40.44	37.59	29.06	22.01	13.99	7.89
Tangible Book Value Per Share	23.29	21.64	16.73	12.67	8.05	4.54