Arctic Paper S.A. (STO:ARP)

Arctic Paper 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	148.32	287.58	500.45	481.93	167.93	255.56
Cash & Short-Term Investments	148.32	287.58	500.45	481.93	167.93	255.56
Cash Growth	-41.71%	-42.54%	3.84%	186.99%	-34.29%	-3.88%
Accounts Receivable	461.12	360.74	364.42	503.39	359.16	253.98
Other Receivables	35.6	84.19	51.85	0.63	51.78	48.77
Receivables	496.72	444.93	416.27	504.02	410.94	302.75
Inventory	484.87	495.04	444.93	601.21	402.87	365.49
Other Current Assets	53.7	37.08	68.97	295.46	105.78	18.34
Total Current Assets	1,184	1,265	1,431	1,883	1,088	942.14
Property, Plant & Equipment	1,477	1,419	1,166	1,125	1,155	1,085
Long-Term Investments	4.8	5.06	4.89	4.26	2.94	1.68
Goodwill	8.1	7.84	8.23	8.85	9.42	9.66
Other Intangible Assets	68.85	38.2	58.46	63.9	56.67	43.25
Long-Term Deferred Tax Assets	27.34	6.45	3.18	5.2	14.3	25.12
Other Long-Term Assets	16.69	15.71	51.32	164.66	63.14	29.68
Total Assets	2,786	2,757	2,723	3,254	2,389	2,137
Accounts Payable	437.32	405.47	412.92	551.21	476.1	349.38
Accrued Expenses	95.22	111.95	115.82	133.17	121.11	115.18
Short-Term Debt	-	-	0.16	8.06	0.18	0.19
Current Portion of Long-Term Debt	92.95	52.65	43.86	35.39	87.63	138.47
Current Portion of Leases	-	4.76	4.72	-	8.85	9.77
Current Income Taxes Payable	0.53	17.93	29.49	55.04	3.91	11.04
Current Unearned Revenue	34.28	9.13	8.71	14.84	7.16	5.62
Other Current Liabilities	7.44	10.79	25.94	9.2	17.13	9.37
Total Current Liabilities	667.73	612.68	641.62	806.91	722.07	639.02
Long-Term Debt	166.45	179.11	79.31	162.32	162.11	212.01
Long-Term Leases	-	20.63	24.02	-	28.26	25.96
Long-Term Unearned Revenue	5.19	6.6	8.11	10.51	13.87	14.63
Pension & Post-Retirement Benefits	20.43	20.43	41.14	43.55	111.99	135.99
Long-Term Deferred Tax Liabilities	107.39	110.32	121.21	177.75	106.63	71.45
Other Long-Term Liabilities	49.81	38.48	5.96	1.26	1.35	4.55
Total Liabilities	1,017	988.24	921.37	1,202	1,146	1,104
Common Stock	69.29	69.29	69.29	69.29	69.29	69.29
Additional Paid-In Capital	625.73	625.73	443.81	407.98	-	-
Retained Earnings	511.87	765.92	862.04	837.7	226.11	96.51
Comprehensive Income & Other	227.27	-5.65	68.3	272.65	616.74	584.18
Total Common Equity	1,434	1,455	1,443	1,588	912.14	749.98
Minority Interest	335.11	313.43	358.08	464.56	330.86	283.06
Shareholders' Equity	1,769	1,769	1,802	2,052	1,243	1,033
Total Liabilities & Equity	2,786	2,757	2,723	3,254	2,389	2,137
Total Debt	259.4	257.14	152.08	205.77	287.02	386.4
Net Cash (Debt)	-111.08	30.44	348.37	276.16	-119.1	-130.83
Net Cash Growth	-	-91.26%	26.15%	-	-	-
Net Cash Per Share	-1.60	0.44	5.03	3.99	-1.72	-1.89
Filing Date Shares Outstanding	69.29	69.29	69.29	69.29	69.29	69.29
Total Common Shares Outstanding	69.29	69.29	69.29	69.29	69.29	69.29
Working Capital	515.87	651.96	789	1,076	365.45	303.13
Book Value Per Share	20.70	21.00	20.83	22.91	13.16	10.82
Tangible Book Value	1,357	1,409	1,377	1,515	846.05	697.07
Tangible Book Value Per Share	19.59	20.34	19.87	21.86	12.21	10.06
Land	-	578.36	570.81	-	583.68	555.71
Machinery	-	2,256	2,160	-	2,182	2,335
Construction In Progress	-	332.2	152.54	-	90.53	42.3

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