Starhedge S.A. (WSE:SHG)

Starhedge Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	0.89	0.69	0.69	0.75	2.47	4.42
Short-Term Investments	-	-	-	1.18	2.95	1.45
Trading Asset Securities	-	-	-	-	-	0.24
Cash & Short-Term Investments	0.89	0.69	0.69	1.94	5.41	6.11
Cash Growth	22.04%	-1.15%	-64.13%	-64.25%	-11.43%	46.66%
Accounts Receivable	3.96	5.3	10.07	19.22	16.96	6.3
Other Receivables	0.09	0.4	21.07	-	-	0.85
Receivables	4.05	5.7	31.14	19.22	16.96	7.32
Inventory	22.02	21.55	22.58	26.63	20.8	19.63
Prepaid Expenses	-	-	0.21	-	-	-
Other Current Assets	-	-	-	0.11	-	6.85
Total Current Assets	26.96	27.93	54.63	47.89	43.17	39.9
Property, Plant & Equipment	2.49	2.5	7.95	9.56	15.69	13.81
Long-Term Investments	4.67	4.96	10.37	4.96	3.05	2.97
Goodwill	-	-	-	0.05	-	0.38
Other Intangible Assets	-	-	0.08	0.15	0.31	0.04
Long-Term Deferred Tax Assets	2.23	2.23	2.58	0.13	0.12	0.02
Other Long-Term Assets	18.88	18.88	20.93	15.92	13.65	14.97
Total Assets	55.22	56.51	96.53	78.66	75.98	72.26
Accounts Payable	2.07	2.36	14.64	8.88	9.54	9.09
Accrued Expenses	0.2	-	-	-	-	-
Short-Term Debt	1.07	1.21	3.1	-	-	1.05
Current Portion of Long-Term Debt	1.22	0.72	5.32	2.62	8.62	0.92
Current Portion of Leases	-	-	0.63	0.78	-	-
Current Income Taxes Payable	0.62	0.92	2.85	2.29	0.42	0.57
Current Unearned Revenue	-	-	-	-	-	0.02
Other Current Liabilities	0.52	0.08	0.01	4.97	-	-
Total Current Liabilities	5.7	5.28	26.56	19.54	18.59	11.65
Long-Term Debt	0.35	0.42	0.52	2.54	0.78	7.9
Long-Term Leases	-	-	0.64	1.51	-	-
Long-Term Deferred Tax Liabilities	2.67	2.67	2.4	2	2	2
Other Long-Term Liabilities	0.07	-	-	-	2.85	1.43
Total Liabilities	8.79	8.37	30.11	25.58	24.22	22.97
Common Stock	32.11	32.11	32.11	26.88	26.88	26.88
Additional Paid-In Capital	-	-	-	-	-	0.06
Retained Earnings	7.07	8.69	22.23	15.05	14.31	2.3
Comprehensive Income & Other	-	-	-	-	-	8.95
Total Common Equity	39.18	40.8	54.34	41.93	41.18	38.18
Minority Interest	7.26	7.35	12.09	11.15	10.58	11.12
Shareholders' Equity	46.44	48.14	66.42	53.08	51.76	49.3
Total Liabilities & Equity	55.22	56.51	96.53	78.66	75.98	72.26
Total Debt	2.64	2.34	10.21	7.45	9.4	9.86
Net Cash (Debt)	-1.76	-1.66	-9.51	-5.51	-3.99	-3.75
Net Cash Per Share	-0.02	-0.02	-0.09	-0.06	-0.05	-0.04
Filing Date Shares Outstanding	108.94	108.94	108.94	88	88	88
Total Common Shares Outstanding	108.94	108.94	108.94	88	88	88
Working Capital	21.26	22.65	28.07	28.35	24.58	28.25
Book Value Per Share	0.36	0.37	0.50	0.48	0.47	0.43
Tangible Book Value	39.18	40.8	54.26	41.72	40.88	37.76
Tangible Book Value Per Share	0.36	0.37	0.50	0.47	0.46	0.43
Land	0	-	0.94	0.95	-	1.01
Buildings	1.88	-	3.19	3.19	-	3.19
Machinery	0.62	-	1.03	1.45	-	3.89
Construction In Progress	0.59	-	2.69	2.72	-	7.07

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