VARSAV Game Studios S.A. (WSE:VAR)

VARSAV Game Studios Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	-	0.18	0.19	-	0.77	1.62
Short-Term Investments	0.78	1.3	1.11	1.36	5.03	6.43
Cash & Short-Term Investments	0.78	1.48	1.3	1.36	5.8	8.05
Cash Growth	-	13.76%	-4.38%	-76.50%	-27.98%	-3.81%
Accounts Receivable	0.54	0.52	0.26	0.14	0.18	0
Other Receivables	0.02	0.16	0.16	0.25	0.2	0.3
Receivables	0.56	0.68	0.42	0.39	0.38	0.3
Inventory	9.72	7.76	5.54	8.93	6.82	3.24
Prepaid Expenses	-	-	0	-	0	-
Other Current Assets	-	-	0.02	-	0	-
Total Current Assets	11.06	9.92	7.29	10.68	13.01	11.59
Property, Plant & Equipment	0.32	0	0	0	0.01	0.1
Long-Term Investments	8.07	6.78	6.6	0.16	0.17	0.73
Long-Term Deferred Tax Assets	0.08	0.08	0.03	0.06	-	-
Long-Term Deferred Charges	0	0.01	-	-	-	-
Other Long-Term Assets	-	0.06	-	-	0.15	0.01
Total Assets	19.54	16.85	13.92	10.9	13.35	12.43
Accounts Payable	-	0.38	0.25	0.17	0.19	0.24
Accrued Expenses	-	0.36	0.3	0.28	0.41	0.24
Short-Term Debt	-	1.28	0.62	-	-	-
Current Portion of Leases	-	-	-	-	0.1	0.04
Current Income Taxes Payable	-	0.29	0.21	0.18	0.73	0.19
Other Current Liabilities	7.72	4.69	1	1.92	1.77	0.05
Total Current Liabilities	7.72	7	2.38	2.54	3.2	0.75
Long-Term Debt	0.02	0.02	1.27	1.18	0.18	-
Pension & Post-Retirement Benefits	0.06	0	0	0.09	0	0
Long-Term Deferred Tax Liabilities	1.15	1.15	0.62	0.04	0.4	-
Other Long-Term Liabilities	1.34	-	-	0.04	0.04	0.1
Total Liabilities	10.3	8.18	4.27	3.9	3.83	0.85
Common Stock	2	2	2	2	2	2
Additional Paid-In Capital	10.64	10.64	10.64	10.64	10.64	10.64
Retained Earnings	-10.57	-10.54	-11.02	-5.64	-3.14	-1.28
Comprehensive Income & Other	7.17	6.57	8.02	0	0.02	0.22
Shareholders' Equity	9.24	8.67	9.65	7.01	9.52	11.58
Total Liabilities & Equity	19.54	16.85	13.92	10.9	13.35	12.43
Total Debt	0.02	1.3	1.89	1.18	0.28	0.04
Net Cash (Debt)	0.75	0.18	-0.59	0.18	5.52	8.01
Net Cash Growth	-	-	-	-96.68%	-31.09%	-4.30%
Net Cash Per Share	0.03	0.01	-0.03	0.01	0.28	0.40
Filing Date Shares Outstanding	22.69	22.69	20.05	20.05	20.05	20.05
Total Common Shares Outstanding	22.69	22.69	20.05	20.05	20.05	20.05
Working Capital	3.34	2.92	4.91	8.14	9.81	10.84
Book Value Per Share	0.41	0.38	0.48	0.35	0.47	0.58
Tangible Book Value	9.24	8.67	9.65	7.01	9.52	11.58
Tangible Book Value Per Share	0.41	0.38	0.48	0.35	0.47	0.58
Machinery	-	0.31	0.31	0.31	0.43	0.54

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