Seco/Warwick 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	55.74	-	145.84	75.74	73.9	54.23
Cash & Short-Term Investments	55.74	47.47	145.84	75.74	73.9	54.23
Cash Growth	-35.14%	-67.45%	92.56%	2.48%	36.28%	3.17%
Accounts Receivable	302.39	-	212.45	240.15	228.49	163.46
Other Receivables	2.7	-	21.94	20.44	18.76	17.14
Receivables	305.08	-	234.39	260.59	247.26	180.6
Inventory	85.01	-	85.89	88.79	89.24	62.79
Prepaid Expenses	-	-	-	-	-	2.62
Other Current Assets	14.34	-	13.65	11.58	5.07	0.04
Total Current Assets	460.18	-	479.77	436.7	415.46	300.27
Property, Plant & Equipment	161.23	-	139.43	100.94	82	73.87
Long-Term Investments	-	-	0	0.06	0.1	0
Goodwill	31.75	-	31.75	31.75	31.75	31.75
Other Intangible Assets	50.76	-	7.48	5.22	6.58	6.99
Long-Term Accounts Receivable	3.93	-	1.92	1.33	1.83	1.46
Long-Term Deferred Tax Assets	1.05	-	1.69	3.24	1.79	1.71
Long-Term Deferred Charges	-	-	46.81	47.09	41.9	40.25
Other Long-Term Assets	0	-	0	0.26	0.26	0.29
Total Assets	708.9	-	708.85	626.58	581.66	456.6
Accounts Payable	118.62	-	66.42	66.51	70.16	52.02
Accrued Expenses	40.56	-	40.27	37.99	37.22	28.04
Short-Term Debt	84.2	-	55.47	39.91	53.56	-
Current Portion of Long-Term Debt	-	-	6.64	4.54	4.48	37.21
Current Portion of Leases	7.78	-	8.06	7.04	5.41	4.59
Current Income Taxes Payable	-	-	1.26	1.24	2.18	0.12
Current Unearned Revenue	108.33	-	174.16	156.76	126.07	78.92
Other Current Liabilities	12.58	-	20.45	13.86	13.58	14.88
Total Current Liabilities	372.07	-	372.71	327.85	312.66	215.77
Long-Term Debt	44.54	-	23.44	8.81	7.95	12.59
Long-Term Leases	36.46	-	39.34	32.65	18.4	13.95
Long-Term Unearned Revenue	-	-	-	1.34	1.36	1.36
Pension & Post-Retirement Benefits	1.61	-	1.45	1.6	1.42	1.14
Long-Term Deferred Tax Liabilities	13.39	-	6.29	8.68	15.81	18.19
Other Long-Term Liabilities	1.13	-	1.74	-	-	0.09
Total Liabilities	469.2	-	444.97	380.93	357.59	263.1
Common Stock	3.24	-	2	2	2.06	2.06
Additional Paid-In Capital	78.67	-	78.67	78.67	78.67	78.67
Retained Earnings	125.17	-	139.7	123.99	97.08	73.75
Treasury Stock	-16.56	-	-18.54	-20.27	-28.53	-28.53
Comprehensive Income & Other	46.02	-	59.36	58.58	72.39	66.18
Total Common Equity	236.53	222.56	261.19	242.97	221.66	192.12
Minority Interest	3.18	-	2.7	2.68	2.41	1.38
Shareholders' Equity	239.7	225.28	263.89	245.64	224.07	193.5
Total Liabilities & Equity	708.9	-	708.85	626.58	581.66	456.6
Total Debt	172.98	171.88	132.94	92.95	89.81	68.33
Net Cash (Debt)	-117.24	-124.41	12.9	-17.22	-15.91	-14.11
Net Cash Per Share	-18.14	-18.20	1.48	-2.01	-1.81	-1.60
Filing Date Shares Outstanding	7.31	7.27	8.73	8.62	8.5	8.5
Total Common Shares Outstanding	7.31	7.27	8.73	8.62	8.5	8.5
Working Capital	88.11	-	107.06	108.85	102.81	84.5
Book Value Per Share	32.35	30.74	29.90	28.20	26.09	22.61
Tangible Book Value	154.02	139.08	221.96	206	183.34	153.38
Tangible Book Value Per Share	21.06	19.21	25.41	23.91	21.58	18.05
Land	-	-	0.03	0.03	0.03	0.03
Buildings	-	-	45.58	42.98	40.17	38.76
Machinery	-	-	77.94	55.78	52.26	50.22
Construction In Progress	-	-	14.19	6.05	4.21	1.61
Order Backlog	-	-	-	-	-	334

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