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
Cash & Short-Term Investments	610.99	522.13	505.96	545.36	1,463	506.82
Cash Growth	48.30%	3.20%	-7.22%	-62.72%	188.61%	0.83%
Accounts Receivable	465.03	305.35	401.79	563.43	815.41	1,395
Other Receivables	6.61	5.36	0.31	1.99	11.88	1.55
Total Trade Receivables	471.64	310.71	402.1	565.42	827.28	1,396
Inventory	6.15	4.52	7.48	14.85	120.97	74.24
Other Current Assets	84.9	45.7	51.61	887.25	153.01	64.94
Total Current Assets	1,174	881.96	1,569	3,022	2,561	2,038
Net Property, Plant & Equipment	2,448	2,095	611.92	839.12	1,788	1,228
Other Intangible Assets	363.62	363.75	354.1	2.77	9.03	2.38
Goodwill	-	-	-	-	150.34	14.11
Long-Term Investments	774.56	767.18	822.95	740.96	11.89	10.33
Other Long-Term Assets	8.18	8.04	456.43	9.31	18.97	18.77
Total Assets	4,768	4,116	3,850	3,590	4,539	3,312
Accounts Payable	173.85	170.17	188.4	173.57	273.69	252.35
Accrued Expenses	834.9	750.67	822.03	862.14	1,251	1,323
Current Portion of Long-Term Debt	161.34	581.6	-	-	488.18	202.55
Current Portion of Leases	6.59	3.32	4.7	3.98	6.47	6.32
Unearned Revenue	3.5	3.36	7.24	8.09	4.27	3.73
Other Current Liabilities	28.42	34.36	30.92	36.14	99.09	200.72
Total Current Liabilities	1,209	1,545	1,055	2,149	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
Other Long-Term Liabilities	526.05	538.92	590.63	543.07	522.16	503.38
Total Long-Term Liabilities	1,557	558.94	619.76	579.4	1,199	794.59
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	1,419	1,419	1,351	1,239	1,236	1,135
Accumulated Other Comprehensive Income	0.02	-0	-0.02	-0.09	0	0.01
Retained Earnings	479.51	489.25	720.76	571.31	-614.41	-711.83
Total Common Shareholders' 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	2,877	2,391	524.23
Total Liabilities & Equity	4,768	4,116	3,850	6,467	7,658	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	291.39	7.22
Net Cash Growth	-	-	-6.60%	73.48%	3937.48%	-98.56%
Net Cash Per Share	-11.58	-1.63	9.29	9.95	5.73	0.14
Book Value	2,000	2,009	2,173	1,912	723.7	524.63
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