Votum Balance Sheet

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	150.26	60.35	12.21	10.38	4.13
Cash & Short-Term Investments	150.26	60.35	12.21	10.38	4.13
Cash Growth	148.97%	394.26%	17.69%	151.42%	-52.99%
Accounts Receivable	187.28	240.73	249.26	169.5	49.79
Other Receivables	0.09	0.12	0.19	0.06	0.32
Receivables	214.32	255.27	253.66	171.67	51.2
Inventory	0.33	1.08	1.32	1.1	0.84
Other Current Assets	0.66	1.5	2.25	5.61	10.82
Total Current Assets	365.58	318.2	269.44	188.76	66.98
Property, Plant & Equipment	44.76	38.86	29.98	28.81	27.46
Long-Term Investments	-	-	0.68	0.72	0.63
Goodwill	-	3.52	3.52	15.81	17.73
Other Intangible Assets	0.44	0.72	0.6	0.77	0.97
Long-Term Accounts Receivable	0.58	0.41	0.48	0.36	0.32
Long-Term Deferred Tax Assets	17.46	19.3	18.19	13.66	2.96
Long-Term Deferred Charges	0.14	0.26	2.87	6.36	11
Other Long-Term Assets	242.66	198.56	106.23	20.45	4.48
Total Assets	671.61	581.1	431.99	275.72	132.58
Accounts Payable	99.27	109.05	77.22	55.22	19.83
Accrued Expenses	32.01	-	-	-	0.31
Short-Term Debt	9.29	0.5	2.15	0.42	-
Current Portion of Long-Term Debt	-	8.63	4.61	12.68	14.87
Current Portion of Leases	3.17	2.95	1.41	1.61	0.81
Current Income Taxes Payable	6.09	3.42	0.2	0.38	0.12
Other Current Liabilities	0.35	0.28	0.3	1.13	6.06
Total Current Liabilities	150.18	124.82	85.89	71.45	42
Long-Term Debt	3.41	5.38	12.53	8.12	10.79
Long-Term Leases	8.68	8.52	3.82	3.22	1.9
Pension & Post-Retirement Benefits	0.24	0.2	0.18	0.14	0.09
Long-Term Deferred Tax Liabilities	78.46	80.85	64.39	34.22	8.22
Other Long-Term Liabilities	42.71	34.37	18.92	3.77	0.06
Total Liabilities	283.68	254.14	185.73	120.91	63.06
Common Stock	1.2	1.2	1.2	1.2	1.2
Additional Paid-In Capital	5.7	5.7	5.7	5.7	5.7
Retained Earnings	374.83	314.93	236.01	146.39	61.98
Comprehensive Income & Other	-	-	-	-	0.04
Total Common Equity	381.74	321.83	242.91	153.29	68.93
Minority Interest	6.19	5.13	3.35	1.52	0.59
Shareholders' Equity	387.93	326.96	246.26	154.81	69.52
Total Liabilities & Equity	671.61	581.1	431.99	275.72	132.58
Total Debt	24.55	25.98	24.52	26.05	28.37
Net Cash (Debt)	125.72	34.38	-12.31	-15.68	-24.24
Net Cash Growth	265.68%	-	-	-	-
Net Cash Per Share	-	2.86	-1.03	-1.31	-2.02
Filing Date Shares Outstanding	-	12	12	12	12
Total Common Shares Outstanding	-	12	12	12	12
Working Capital	215.39	193.37	183.55	117.31	24.99
Book Value Per Share	-	26.82	20.24	12.77	5.74
Tangible Book Value	381.3	317.59	238.79	136.71	50.22
Tangible Book Value Per Share	-	26.47	19.90	11.39	4.19
Buildings	-	33.33	28.96	28.95	26.77
Machinery	-	18.6	13.11	10.31	6.47
Construction In Progress	-	3.27	0.26	0.02	0.01

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