ZE PAK 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	610.99	522.13	505.96	534.01	1,463	506.67
Short-Term Investments	-	-	-	11.35	-	0.15
Trading Asset Securities	-	-	-	-	19.82	10.54
Accounts Receivable	93.48	105.92	181.28	144.64	349.85	223.95
Other Receivables	29.36	28.92	32.13	77.48	471.65	1,170
Inventory	6.15	4.52	7.48	14.85	120.97	74.24
Other Current Assets	433.7	220.49	841.69	1,215	135.9	52.69
Total Current Assets	1,174	881.96	1,569	1,998	2,561	2,038
Property, Plant & Equipment	2,265	1,855	646.07	367.85	1,788	1,228
Goodwill	-	-	-	-	150.34	14.11
Other Intangible Assets	363.62	363.75	354.1	2.77	9.03	2.38
Long-Term Investments	728.3	765.06	804.19	739.21	4.13	8.52
Long-Term Loans Receivable	44.05	0.04	18.75	-	0.32	-
Long-Term Deferred Tax Assets	7.69	7.28	8.16	9.26	18.46	8.77
Other Long-Term Assets	186.25	242.51	450	473.07	7.94	11.81
Total Assets	4,768	4,116	3,850	3,590	4,539	3,312
Accounts Payable	106.25	119.11	168.74	152.47	222.03	142.72
Accrued Expenses	66.5	44.13	67.85	75.34	112.9	239.76
Short-Term Debt	-	581.6	-	-	439.9	176.17
Current Portion of Long-Term Debt	161.34	-	-	-	48.28	26.37
Current Unearned Revenue	3.5	3.36	7.27	8.09	29.88	4.28
Current Portion of Leases	6.59	3.32	4.7	3.98	6.47	6.32
Current Income Taxes Payable	-	1.09	1.3	15.33	3.08	0.66
Other Current Liabilities	864.82	792.78	804.73	843.6	1,263	1,397
Total Current Liabilities	1,209	1,545	1,055	1,099	2,126	1,993
Long-Term Debt	1,018	-	-	-	619.55	249.23
Long-Term Leases	13.09	20.02	29.14	35.88	57.17	41.52
Long-Term Unearned Revenue	4.85	4.85	4.98	5.03	28.93	4.32
Pension & Post-Retirement Benefits	22.3	21.98	24.1	24.1	23.95	27.16
Long-Term Deferred Tax Liabilities	-	0.23	0.05	25.06	28.93	32.8
Other Long-Term Liabilities	498.9	511.85	561.49	489.33	440.61	439.57
Total Liabilities	2,766	2,104	1,674	1,678	3,325	2,788
Common Stock	101.65	101.65	101.65	101.65	101.65	101.65
Additional Paid-In Capital	1,415	380.03	1,347	1,235	1,233	1,131
Retained Earnings	482.98	1,288	724.23	574.78	-610.93	-708.36
Comprehensive Income & Other	0.02	240.18	-0.02	-0.09	0	0.01
Total Common Equity	2,000	2,009	2,173	1,912	723.7	524.63
Minority Interest	2.2	2.22	2.19	-	490.8	-0.4
Shareholders' Equity	2,002	2,012	2,175	1,912	1,214	524.23
Total Liabilities & Equity	4,768	4,116	3,850	3,590	4,539	3,312
Total Debt	1,199	604.94	33.84	39.86	1,171	499.6
Net Cash (Debt)	-588.34	-82.81	472.12	505.5	311.21	17.76
Net Cash Growth	-	-	-6.60%	62.43%	1652.60%	-95.46%
Net Cash Per Share	-11.58	-1.63	9.29	9.95	6.12	0.35
Filing Date Shares Outstanding	50.82	50.82	50.82	50.82	50.82	50.82
Total Common Shares Outstanding	50.82	50.82	50.82	50.82	50.82	50.82
Working Capital	-35.31	-663.43	513.96	898.75	435.13	45.12
Book Value Per Share	39.35	39.54	42.76	37.61	14.24	10.32
Tangible Book Value	1,636	1,646	1,819	1,909	564.32	508.14
Tangible Book Value Per Share	32.19	32.38	35.79	37.56	11.10	10.00
Land	281.07	289.18	252.47	247.55	258.64	247.82
Buildings	1,770	1,772	1,776	1,770	1,980	2,080
Machinery	4,056	4,068	4,084	4,182	4,950	5,082
Construction In Progress	1,944	1,533	344.11	61.61	613.04	314.07