Votum 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	139.59	60.35	12.21	10.38	4.13	8.78
Cash & Short-Term Investments	139.59	60.35	12.21	10.38	4.13	8.78
Cash Growth	389.48%	394.26%	17.69%	151.42%	-52.99%	-19.13%
Accounts Receivable	209.79	240.73	249.26	169.5	49.79	23.36
Other Receivables	0.03	0.12	0.19	0.06	0.32	0.02
Receivables	214.88	255.27	253.66	171.67	51.2	25.16
Inventory	1.09	1.08	1.32	1.1	0.84	1.41
Other Current Assets	0.65	1.5	2.25	5.61	10.82	19.39
Total Current Assets	356.21	318.2	269.44	188.76	66.98	54.74
Property, Plant & Equipment	40.73	38.86	29.98	28.81	27.46	25.58
Long-Term Investments	-	-	0.68	0.72	0.63	-
Goodwill	3.52	3.52	3.52	15.81	17.73	18.22
Other Intangible Assets	0.52	0.72	0.6	0.77	0.97	0.99
Long-Term Accounts Receivable	0.68	0.41	0.48	0.36	0.32	0.28
Long-Term Deferred Tax Assets	17.4	19.3	18.19	13.66	2.96	1.49
Long-Term Deferred Charges	0.14	0.26	2.87	6.36	11	10.31
Other Long-Term Assets	239.62	198.56	106.23	20.45	4.48	3.68
Total Assets	660.11	581.1	431.99	275.72	132.58	115.42
Accounts Payable	64.64	109.05	77.22	55.22	19.83	18.39
Accrued Expenses	34.05	-	-	-	0.31	0.46
Short-Term Debt	-	0.5	2.15	0.42	-	-
Current Portion of Long-Term Debt	6	8.63	4.61	12.68	14.87	12
Current Portion of Leases	3.33	2.95	1.41	1.61	0.81	3.58
Current Income Taxes Payable	6.83	3.42	0.2	0.38	0.12	1.11
Other Current Liabilities	11.6	0.28	0.3	1.13	6.06	2.03
Total Current Liabilities	126.45	124.82	85.89	71.45	42	37.57
Long-Term Debt	3.86	5.38	12.53	8.12	10.79	9.72
Long-Term Leases	7.76	8.52	3.82	3.22	1.9	1.64
Pension & Post-Retirement Benefits	0.21	0.2	0.18	0.14	0.09	0.12
Long-Term Deferred Tax Liabilities	81.8	80.85	64.39	34.22	8.22	2.31
Other Long-Term Liabilities	43.17	34.37	18.92	3.77	0.06	0
Total Liabilities	263.24	254.14	185.73	120.91	63.06	51.36
Common Stock	1.2	1.2	1.2	1.2	1.2	1.2
Additional Paid-In Capital	5.7	5.7	5.7	5.7	5.7	5.7
Retained Earnings	384.07	314.93	236.01	146.39	61.98	57
Comprehensive Income & Other	-	-	-	-	0.04	0.16
Total Common Equity	390.98	321.83	242.91	153.29	68.93	64.07
Minority Interest	5.9	5.13	3.35	1.52	0.59	-0.01
Shareholders' Equity	396.87	326.96	246.26	154.81	69.52	64.06
Total Liabilities & Equity	660.11	581.1	431.99	275.72	132.58	115.42
Total Debt	20.95	25.98	24.52	26.05	28.37	26.94
Net Cash (Debt)	118.65	34.38	-12.31	-15.68	-24.24	-18.17
Net Cash Growth	2241.08%	-	-	-	-	-
Net Cash Per Share	9.89	2.86	-1.03	-1.31	-2.02	-1.51
Filing Date Shares Outstanding	12	12	12	12	12	12
Total Common Shares Outstanding	12	12	12	12	12	12
Working Capital	229.76	193.37	183.55	117.31	24.99	17.17
Book Value Per Share	32.58	26.82	20.24	12.77	5.74	5.34
Tangible Book Value	386.94	317.59	238.79	136.71	50.22	44.85
Tangible Book Value Per Share	32.24	26.47	19.90	11.39	4.19	3.74
Buildings	-	33.33	28.96	28.95	26.77	24.69
Machinery	-	18.6	13.11	10.31	6.47	4.95
Construction In Progress	-	3.27	0.26	0.02	0.01	0.01

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