WSE:ZRE 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	1.4	1.64	1.01	2.24	2.64	1.49
Cash & Short-Term Investments	1.4	1.64	1.01	2.24	2.64	1.49
Cash Growth	2.95%	61.64%	-54.79%	-14.94%	77.34%	-31.32%
Accounts Receivable	4.43	4.61	4.86	5.06	4.05	3.56
Other Receivables	0.52	0.29	0.58	0.74	1.19	2.56
Receivables	4.95	4.89	5.44	5.8	5.24	6.12
Inventory	5.62	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	11.96	12.55	10.96	13.39	12.88	11.78
Property, Plant & Equipment	30.54	30.78	29.53	28.07	24.26	19
Long-Term Investments	23.99	22.03	10.57	0.61	-	-
Other Intangible Assets	0.39	0.45	0.72	0.94	0.05	0.06
Long-Term Deferred Tax Assets	1.34	1.31	0.9	1.03	1.06	2.09
Other Long-Term Assets	-0	-	-	-0	1.01	0
Total Assets	68.21	67.13	52.68	44.04	39.26	32.93
Accounts Payable	6.88	4.29	4.01	3.17	3.11	4.4
Accrued Expenses	2.37	1.23	1.12	0.94	0.96	0.58
Short-Term Debt	4.81	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	0.04	0.08	0.07	0.13	1.52	0.36
Total Current Liabilities	14.1	13.77	11.84	11.15	12.82	13.08
Long-Term Debt	0.2	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	0.49	0.42	0.4	0.36	0.43
Long-Term Deferred Tax Liabilities	6.66	6.31	4.18	2.52	2.11	2.2
Other Long-Term Liabilities	4.55	-	-0	-0	-0	0.39
Total Liabilities	25.99	25.71	22.07	24.41	25.57	21.02
Common Stock	7	7	7	6.85	6.5	6.5
Additional Paid-In Capital	22.12	22.12	24.46	25.9	24.85	24.85
Retained Earnings	-2.72	-3.49	-16.49	-28.66	-31	-19.43
Comprehensive Income & Other	15.82	15.78	15.64	15.54	13.35	-
Total Common Equity	42.22	41.42	30.61	19.63	13.7	11.91
Shareholders' Equity	42.22	41.42	30.61	19.63	13.7	11.91
Total Liabilities & Equity	68.21	67.13	52.68	44.04	39.26	32.93
Total Debt	5.01	7.59	7.75	11.52	14.31	8.96
Net Cash (Debt)	-3.62	-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	-2.14	-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	41.83	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.