Seco/Warwick 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	47.47	145.84	75.74	73.9	54.23	52.56
Cash & Short-Term Investments	47.47	145.84	75.74	73.9	54.23	52.56
Cash Growth	-50.53%	92.56%	2.48%	36.28%	3.17%	43.62%
Accounts Receivable	273.25	212.45	240.15	228.49	163.46	152.1
Other Receivables	1.83	21.94	20.44	18.76	17.14	20.36
Receivables	275.08	234.39	260.59	247.26	180.6	172.46
Inventory	87.08	85.89	88.79	89.24	62.79	61.56
Prepaid Expenses	-	-	-	-	2.62	-
Other Current Assets	10.69	13.65	11.58	5.07	0.04	0.35
Total Current Assets	420.32	479.77	436.7	415.46	300.27	286.92
Property, Plant & Equipment	142.28	139.43	100.94	82	73.87	77.98
Long-Term Investments	0.02	0	0.06	0.1	0	0
Goodwill	31.75	31.75	31.75	31.75	31.75	31.75
Other Intangible Assets	51.73	7.48	5.22	6.58	6.99	7.11
Long-Term Accounts Receivable	4.16	1.92	1.33	1.83	1.46	-
Long-Term Deferred Tax Assets	1.09	1.69	3.24	1.79	1.71	0.98
Long-Term Deferred Charges	-	46.81	47.09	41.9	40.25	38.34
Other Long-Term Assets	-	0	0.26	0.26	0.29	0.99
Total Assets	651.35	708.85	626.58	581.66	456.6	444.06
Accounts Payable	118.23	66.42	66.51	70.16	52.02	42.96
Accrued Expenses	28.56	40.27	37.99	37.22	28.04	19.85
Short-Term Debt	-	55.47	39.91	53.56	-	18.32
Current Portion of Long-Term Debt	81.07	6.64	4.54	4.48	37.21	3
Current Portion of Leases	8.03	8.06	7.04	5.41	4.59	4.65
Current Income Taxes Payable	-	1.26	1.24	2.18	0.12	0.12
Current Unearned Revenue	83.21	174.16	156.76	126.07	78.92	112.95
Other Current Liabilities	11.81	20.45	13.86	13.58	14.88	12.79
Total Current Liabilities	330.92	372.71	327.85	312.66	215.77	214.63
Long-Term Debt	50.24	23.44	8.81	7.95	12.59	10.69
Long-Term Leases	32.53	39.34	32.65	18.4	13.95	16.91
Long-Term Unearned Revenue	-	-	1.34	1.36	1.36	0.6
Pension & Post-Retirement Benefits	1.31	1.45	1.6	1.42	1.14	2.17
Long-Term Deferred Tax Liabilities	9.93	6.29	8.68	15.81	18.19	16.62
Other Long-Term Liabilities	1.13	1.74	-	-	0.09	0.4
Total Liabilities	426.07	444.97	380.93	357.59	263.1	262.02
Common Stock	3.56	2	2	2.06	2.06	2.06
Additional Paid-In Capital	78.67	78.67	78.67	78.67	78.67	78.67
Retained Earnings	156.74	139.7	123.99	97.08	73.75	71.37
Treasury Stock	-59.97	-18.54	-20.27	-28.53	-28.53	-22.34
Comprehensive Income & Other	43.56	59.36	58.58	72.39	66.18	51.42
Total Common Equity	222.56	261.19	242.97	221.66	192.12	181.18
Minority Interest	2.73	2.7	2.68	2.41	1.38	0.85
Shareholders' Equity	225.28	263.89	245.64	224.07	193.5	182.03
Total Liabilities & Equity	651.35	708.85	626.58	581.66	456.6	444.06
Total Debt	171.88	132.94	92.95	89.81	68.33	53.57
Net Cash (Debt)	-124.41	12.9	-17.22	-15.91	-14.11	-1.01
Net Cash Per Share	-14.75	1.48	-2.01	-1.81	-1.60	-0.10
Filing Date Shares Outstanding	7.27	8.73	8.62	8.5	8.5	8.99
Total Common Shares Outstanding	7.24	8.73	8.62	8.5	8.5	8.99
Working Capital	89.4	107.06	108.85	102.81	84.5	72.28
Book Value Per Share	30.74	29.90	28.20	26.09	22.61	20.15
Tangible Book Value	139.08	221.96	206	183.34	153.38	142.33
Tangible Book Value Per Share	19.21	25.41	23.91	21.58	18.05	15.83
Land	-	0.03	0.03	0.03	0.03	0.03
Buildings	-	45.58	42.98	40.17	38.76	38.59
Machinery	-	77.94	55.78	52.26	50.22	53.1
Construction In Progress	-	14.19	6.05	4.21	1.61	3.4
Order Backlog	-	-	-	-	334	-

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