ZUE S.A. 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	17.05	45.68	223.56	63.25	108.74
Cash & Short-Term Investments	17.05	45.68	223.56	63.25	108.74
Cash Growth	-62.68%	-79.57%	253.44%	-41.83%	362.96%
Accounts Receivable	299.94	371.51	382.41	294.67	233.65
Other Receivables	7.29	7.44	5.44	4.29	5.42
Receivables	310.64	388.42	387.85	300.14	239.08
Inventory	29.29	14.94	70.36	81.67	37.82
Other Current Assets	25.49	35.12	30.66	30.2	16.36
Total Current Assets	382.47	484.16	712.43	475.26	402
Property, Plant & Equipment	118.87	128.83	110.39	105.3	106.16
Long-Term Investments	9.44	6.59	0.33	0.33	-
Goodwill	31.17	31.17	31.17	31.17	31.17
Other Intangible Assets	1.29	1.89	2.47	2.49	2.72
Long-Term Deferred Tax Assets	18.32	20.13	21.7	19.11	21.78
Other Long-Term Assets	19.08	16.54	23.21	38.1	13.68
Total Assets	583.1	692.02	905.81	674.69	577.51
Accounts Payable	98.19	79.67	193.13	135.9	117.21
Accrued Expenses	56.43	54.61	70.92	68.98	61.15
Current Portion of Long-Term Debt	3.52	25.52	10.55	19.64	7.96
Current Portion of Leases	8.57	8.5	6.74	5.07	6.29
Current Income Taxes Payable	-	-	4.29	0.13	1.1
Current Unearned Revenue	9.47	83.72	91.48	78.99	56.28
Other Current Liabilities	111.92	152.36	215.51	125.85	104.09
Total Current Liabilities	288.1	404.38	592.62	434.56	354.07
Long-Term Debt	-	-	47.02	8.7	-
Long-Term Leases	35.59	41.26	25	15.21	14.25
Pension & Post-Retirement Benefits	1.69	1.69	2.06	1.8	1.86
Long-Term Deferred Tax Liabilities	-	-	0.67	1.32	0.28
Other Long-Term Liabilities	50.98	45.96	38.38	32.34	40.64
Total Liabilities	376.37	493.28	705.74	493.93	411.1
Common Stock	5.76	5.76	5.76	5.76	5.76
Additional Paid-In Capital	93.84	93.84	93.84	93.84	93.84
Retained Earnings	109.82	101.84	101.76	82.48	69.29
Treasury Stock	-2.69	-2.69	-2.69	-2.69	-2.69
Total Common Equity	206.73	198.74	198.66	179.38	166.19
Minority Interest	-	-	1.41	1.39	0.21
Shareholders' Equity	206.73	198.74	200.08	180.77	166.4
Total Liabilities & Equity	583.1	692.02	905.81	674.69	577.51
Total Debt	47.69	75.27	89.31	48.62	28.5
Net Cash (Debt)	-30.64	-29.6	134.25	14.63	80.24
Net Cash Growth	-	-	817.38%	-81.76%	-
Net Cash Per Share	-1.35	-1.30	5.90	0.64	3.52
Filing Date Shares Outstanding	22.77	22.77	22.77	22.77	22.77
Total Common Shares Outstanding	22.77	22.77	22.77	22.77	22.77
Working Capital	94.36	79.79	119.81	40.71	47.93
Book Value Per Share	9.08	8.73	8.73	7.88	7.30
Tangible Book Value	174.27	165.68	165.03	145.72	132.3
Tangible Book Value Per Share	7.65	7.28	7.25	6.40	5.81
Buildings	24.37	23.87	25.38	27.17	23.24
Machinery	118.71	120.52	132.31	136.69	115.47
Construction In Progress	0.88	0.52	0.59	0.3	0.57

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