ZUE S.A. 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	29.25	27.79	52.68	223.56	63.25	108.74
Cash & Short-Term Investments	29.25	27.79	52.68	223.56	63.25	108.74
Cash Growth	-4.04%	-47.24%	-76.44%	253.44%	-41.83%	362.96%
Accounts Receivable	294.92	318.74	393.71	382.41	294.67	233.65
Other Receivables	0.36	0.36	7.55	5.44	4.29	5.42
Receivables	295.69	319.52	401.85	387.85	300.14	239.08
Inventory	42.45	41.24	27.8	70.36	81.67	37.82
Other Current Assets	36.93	31.16	35.15	30.66	30.2	16.36
Total Current Assets	404.32	419.71	517.48	712.43	475.26	402
Property, Plant & Equipment	124.63	123.98	134.03	110.39	105.3	106.16
Long-Term Investments	0.45	0.45	0.78	0.33	0.33	-
Goodwill	31.44	31.44	31.17	31.17	31.17	31.17
Other Intangible Assets	1.12	1.29	1.89	2.47	2.49	2.72
Long-Term Deferred Tax Assets	19.34	18.45	20.23	21.7	19.11	21.78
Other Long-Term Assets	23.02	25.7	23.41	23.21	38.1	13.68
Total Assets	606.78	623.48	731.7	905.81	674.69	577.51
Accounts Payable	61.84	117.63	98.62	193.13	135.9	117.21
Accrued Expenses	150.69	131.68	58.48	70.92	68.98	61.15
Current Portion of Long-Term Debt	5.68	6.88	25.52	10.55	19.64	7.96
Current Portion of Leases	9.02	9.06	8.92	6.74	5.07	6.29
Current Income Taxes Payable	0.48	0.47	-	4.29	0.13	1.1
Current Unearned Revenue	43.72	9.47	83.72	91.48	78.99	56.28
Other Current Liabilities	31.19	37.59	156.21	215.51	125.85	104.09
Total Current Liabilities	302.61	312.77	431.47	592.62	434.56	354.07
Long-Term Debt	-	-	-	47.02	8.7	-
Long-Term Leases	37.78	38.6	44.46	25	15.21	14.25
Pension & Post-Retirement Benefits	1.94	1.98	1.88	2.06	1.8	1.86
Long-Term Deferred Tax Liabilities	0.46	0.51	0.58	0.67	1.32	0.28
Other Long-Term Liabilities	50.79	52.04	46.96	38.38	32.34	40.64
Total Liabilities	393.58	405.91	525.34	705.74	493.93	411.1
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	114.8	119.03	107.97	101.76	82.48	69.29
Treasury Stock	-2.69	-2.69	-2.69	-2.69	-2.69	-2.69
Comprehensive Income & Other	0.05	0	-	-	-	-
Total Common Equity	211.76	215.94	204.88	198.66	179.38	166.19
Minority Interest	1.44	1.63	1.48	1.41	1.39	0.21
Shareholders' Equity	213.2	217.57	206.35	200.08	180.77	166.4
Total Liabilities & Equity	606.78	623.48	731.7	905.81	674.69	577.51
Total Debt	52.48	54.54	78.9	89.31	48.62	28.5
Net Cash (Debt)	-23.23	-26.75	-26.22	134.25	14.63	80.24
Net Cash Growth	-	-	-	817.38%	-81.76%	-
Net Cash Per Share	-0.99	-1.18	-1.15	5.90	0.64	3.52
Filing Date Shares Outstanding	23.49	22.77	22.77	22.77	22.77	22.77
Total Common Shares Outstanding	23.49	22.77	22.77	22.77	22.77	22.77
Working Capital	101.71	106.93	86.02	119.81	40.71	47.93
Book Value Per Share	9.01	9.49	9.00	8.73	7.88	7.30
Tangible Book Value	179.2	183.21	171.81	165.03	145.72	132.3
Tangible Book Value Per Share	7.63	8.05	7.55	7.25	6.40	5.81
Buildings	-	-	26.86	25.38	27.17	23.24
Machinery	-	-	128.72	132.31	136.69	115.47
Construction In Progress	-	-	0.56	0.59	0.3	0.57

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