WSE:ZRE 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	1.64	1.01	2.24	2.64	1.49
Cash & Short-Term Investments	1.64	1.01	2.24	2.64	1.49
Cash Growth	61.64%	-54.79%	-14.94%	77.34%	-31.32%
Accounts Receivable	4.61	4.86	5.06	4.05	3.56
Other Receivables	0.29	0.58	0.74	1.19	2.56
Receivables	4.89	5.44	5.8	5.24	6.12
Inventory	5.95	4.44	4.96	4.98	4.14
Prepaid Expenses	0.03	0.03	-	0.02	0.02
Other Current Assets	0.04	0.03	0.4	0	0.01
Total Current Assets	12.55	10.96	13.39	12.88	11.78
Property, Plant & Equipment	30.78	29.53	28.07	24.26	19
Long-Term Investments	22.03	10.57	0.61	-	-
Other Intangible Assets	0.45	0.72	0.94	0.05	0.06
Long-Term Deferred Tax Assets	1.31	0.9	1.03	1.06	2.09
Other Long-Term Assets	-	-	-0	1.01	0
Total Assets	67.13	52.68	44.04	39.26	32.93
Accounts Payable	4.29	4.01	3.17	3.11	4.4
Accrued Expenses	1.23	1.12	0.94	0.96	0.58
Short-Term Debt	3.47	3.18	2.88	-	4.03
Current Portion of Long-Term Debt	1.32	1.58	1.29	4.03	-
Current Income Taxes Payable	0.71	0.7	0.85	0.7	1.16
Current Unearned Revenue	2.67	1.19	1.9	2.48	2.55
Other Current Liabilities	0.08	0.07	0.13	1.52	0.36
Total Current Liabilities	13.77	11.84	11.15	12.82	13.08
Long-Term Debt	0.53	0.72	1.83	4.72	1.74
Long-Term Leases	2.27	2.27	5.53	5.56	3.19
Long-Term Unearned Revenue	2.35	2.63	2.99	-	-
Pension & Post-Retirement Benefits	0.49	0.42	0.4	0.36	0.43
Long-Term Deferred Tax Liabilities	6.31	4.18	2.52	2.11	2.2
Other Long-Term Liabilities	-	-0	-0	-0	0.39
Total Liabilities	25.71	22.07	24.41	25.57	21.02
Common Stock	7	7	6.85	6.5	6.5
Additional Paid-In Capital	22.12	24.46	25.9	24.85	24.85
Retained Earnings	-3.49	-16.49	-28.66	-31	-19.43
Comprehensive Income & Other	15.78	15.64	15.54	13.35	-
Total Common Equity	41.42	30.61	19.63	13.7	11.91
Shareholders' Equity	41.42	30.61	19.63	13.7	11.91
Total Liabilities & Equity	67.13	52.68	44.04	39.26	32.93
Total Debt	7.59	7.75	11.52	14.31	8.96
Net Cash (Debt)	-5.95	-6.73	-9.28	-11.68	-7.47
Net Cash Per Share	-0.42	-0.48	-0.68	-0.90	-0.57
Filing Date Shares Outstanding	14	14	14	13	12.6
Total Common Shares Outstanding	14	14	14	13	12.6
Working Capital	-1.22	-0.89	2.25	0.07	-1.3
Book Value Per Share	2.96	2.19	1.40	1.05	0.95
Tangible Book Value	40.96	29.89	18.69	13.64	11.85
Tangible Book Value Per Share	2.93	2.14	1.33	1.05	0.94
Land	2.28	2.28	5.75	5.75	3.25
Buildings	27.84	26.05	24.79	21.37	21.37
Machinery	17.67	15.46	10.37	9.46	4.36
Construction In Progress	0.18	0.8	0.99	1.32	2.52

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