VRG S.A. 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	30.23	67.41	16.99	78.14	95.9	114.57
Cash & Short-Term Investments	30.23	67.41	16.99	78.14	95.9	114.57
Cash Growth	131.83%	296.84%	-78.26%	-18.52%	-16.30%	134.59%
Accounts Receivable	24.51	9.18	7.53	8.27	8.62	7.23
Other Receivables	0.16	5.01	13.61	6.27	3.04	2.98
Receivables	24.66	14.19	21.14	14.54	11.66	10.21
Inventory	769.17	763.59	733.44	563.01	553.26	499.17
Prepaid Expenses	-	4.61	3.16	1.95	2.11	1.88
Other Current Assets	0.22	1	0.71	0.73	0.61	0.75
Total Current Assets	824.29	850.8	775.44	658.36	663.53	626.58
Property, Plant & Equipment	473.55	414.63	388.35	349.99	322.82	340.09
Long-Term Investments	0.01	0.01	0.01	0.03	0.03	0.03
Goodwill	365.85	302.75	302.75	302.75	302.75	302.75
Other Intangible Assets	246.27	197.48	198	198.79	199.38	197.71
Long-Term Deferred Tax Assets	19.89	17.35	18.23	18.65	22.12	26.12
Other Long-Term Assets	2.86	2.7	2.02	1.22	1.03	1.11
Total Assets	1,933	1,786	1,685	1,530	1,512	1,494
Accounts Payable	194.83	144.45	143.5	112.76	108.09	104.97
Accrued Expenses	8.8	50.16	46.84	38.57	37.9	46.42
Short-Term Debt	94.16	51.92	73.54	16.87	25.01	22.7
Current Portion of Long-Term Debt	-	-	-	19.46	13.86	14.61
Current Portion of Leases	120.41	104.52	105.74	102.55	102.23	97.57
Current Income Taxes Payable	0.71	7.74	6.56	6.13	5.77	6.98
Current Unearned Revenue	-	4.43	4.37	12.41	21.74	19.4
Other Current Liabilities	9.95	38.73	33.52	37.7	29.99	19.91
Total Current Liabilities	428.85	401.94	414.05	346.46	344.58	332.56
Long-Term Debt	83.82	-	-	-	19.46	33.66
Long-Term Leases	254.24	217.92	203.92	182.07	201.66	236.96
Pension & Post-Retirement Benefits	1.67	1.67	1.31	1.22	1.03	1.12
Other Long-Term Liabilities	2.71	2.65	2.34	2.44	2.16	0.43
Total Liabilities	771.29	624.18	621.62	532.19	568.89	604.73
Common Stock	49.12	49.12	49.12	49.12	49.12	49.12
Retained Earnings	1,096	1,096	999.92	934.15	879.31	826.21
Comprehensive Income & Other	16.68	16.62	14.14	14.33	14.33	14.33
Shareholders' Equity	1,161	1,162	1,063	997.6	942.77	889.66
Total Liabilities & Equity	1,933	1,786	1,685	1,530	1,512	1,494
Total Debt	552.62	374.35	383.19	320.96	362.22	405.49
Net Cash (Debt)	-522.4	-306.94	-366.21	-242.82	-266.32	-290.92
Net Cash Per Share	-2.23	-1.31	-1.56	-1.03	-1.13	-1.20
Filing Date Shares Outstanding	234.46	234.46	234.46	234.46	234.46	234.46
Total Common Shares Outstanding	234.46	234.46	234.46	234.46	234.46	234.46
Working Capital	395.43	448.85	361.39	311.91	318.95	294.02
Book Value Per Share	4.95	4.95	4.53	4.25	4.02	3.79
Tangible Book Value	549.3	661.3	562.43	496.06	440.63	389.21
Tangible Book Value Per Share	2.34	2.82	2.40	2.12	1.88	1.66
Land	-	128.41	119.46	116.85	108.55	110.15
Machinery	-	170.43	156.27	142.1	127.15	115.14
Construction In Progress	-	2.18	1.1	4.81	3.98	4.08