ZUE S.A. (WSE:ZUE)

ZUE S.A. Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	23.34	52.68	223.56	63.25	108.74	23.49
Cash & Short-Term Investments	23.34	52.68	223.56	63.25	108.74	23.49
Cash Growth	-17.23%	-76.44%	253.44%	-41.83%	362.96%	-22.68%
Accounts Receivable	397.43	393.71	382.41	294.67	233.65	291.86
Other Receivables	4.82	7.55	5.44	4.29	5.42	4.94
Receivables	403.6	401.85	387.85	300.14	239.08	296.81
Inventory	52.26	27.8	70.36	81.67	37.82	25.31
Other Current Assets	26.41	35.15	30.66	30.2	16.36	10.83
Total Current Assets	505.61	517.48	712.43	475.26	402	356.43
Property, Plant & Equipment	126.32	134.03	110.39	105.3	106.16	105.5
Long-Term Investments	0.78	0.78	0.33	0.33	-	-
Goodwill	31.44	31.17	31.17	31.17	31.17	31.17
Other Intangible Assets	1.38	1.89	2.47	2.49	2.72	2.07
Long-Term Deferred Tax Assets	20.2	20.23	21.7	19.11	21.78	14.56
Other Long-Term Assets	20.64	23.41	23.21	38.1	13.68	15.24
Total Assets	709.06	731.7	905.81	674.69	577.51	524.97
Accounts Payable	121.43	98.62	193.13	135.9	117.21	131.38
Accrued Expenses	57.56	58.48	70.92	68.98	61.15	38.24
Current Portion of Long-Term Debt	12.21	25.52	10.55	19.64	7.96	13.11
Current Portion of Leases	9.02	8.92	6.74	5.07	6.29	9.13
Current Income Taxes Payable	0.11	-	4.29	0.13	1.1	0.01
Current Unearned Revenue	24.99	83.72	91.48	78.99	56.28	32.5
Other Current Liabilities	179.51	156.21	215.51	125.85	104.09	94.05
Total Current Liabilities	404.83	431.47	592.62	434.56	354.07	318.41
Long-Term Debt	-	-	47.02	8.7	-	4.44
Long-Term Leases	39.98	44.46	25	15.21	14.25	12.02
Pension & Post-Retirement Benefits	2.03	1.88	2.06	1.8	1.86	1.41
Long-Term Deferred Tax Liabilities	0.43	0.58	0.67	1.32	0.28	0.13
Other Long-Term Liabilities	50.28	46.96	38.38	32.34	40.64	33.91
Total Liabilities	497.54	525.34	705.74	493.93	411.1	370.32
Common Stock	5.76	5.76	5.76	5.76	5.76	5.76
Additional Paid-In Capital	93.84	93.84	93.84	93.84	93.84	93.84
Retained Earnings	113.12	107.97	101.76	82.48	69.29	57.59
Treasury Stock	-2.69	-2.69	-2.69	-2.69	-2.69	-2.69
Total Common Equity	210.02	204.88	198.66	179.38	166.19	154.49
Minority Interest	1.5	1.48	1.41	1.39	0.21	0.16
Shareholders' Equity	211.52	206.35	200.08	180.77	166.4	154.65
Total Liabilities & Equity	709.06	731.7	905.81	674.69	577.51	524.97
Total Debt	61.22	78.9	89.31	48.62	28.5	38.7
Net Cash (Debt)	-37.88	-26.22	134.25	14.63	80.24	-15.21
Net Cash Growth	-	-	817.38%	-81.76%	-	-
Net Cash Per Share	-1.68	-1.15	5.90	0.64	3.52	-0.68
Filing Date Shares Outstanding	22.77	22.77	22.77	22.77	22.77	22.77
Total Common Shares Outstanding	22.77	22.77	22.77	22.77	22.77	22.77
Working Capital	100.78	86.02	119.81	40.71	47.93	38.02
Book Value Per Share	9.23	9.00	8.73	7.88	7.30	6.79
Tangible Book Value	177.21	171.81	165.03	145.72	132.3	121.25
Tangible Book Value Per Share	7.78	7.55	7.25	6.40	5.81	5.33
Buildings	-	26.86	25.38	27.17	23.24	23.24
Machinery	-	128.72	132.31	136.69	115.47	108.56
Construction In Progress	-	0.56	0.59	0.3	0.57	0.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.