Photon Energy Ratios and Metrics

Market cap in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	115	256	485	769	402	650	Upgrade
Market Cap Growth	-57.91%	-47.25%	-36.98%	91.34%	-38.18%	166.12%	Upgrade
Enterprise Value	834	977	1,298	1,322	850	1,000	Upgrade
PE Ratio	-	-	-	26.06	-	-	Upgrade
PS Ratio	0.27	0.66	1.58	1.73	2.41	5.04	Upgrade
PB Ratio	0.49	1.00	1.61	2.33	1.70	3.55	Upgrade
P/FCF Ratio	3.04	8.14	-	-	-	-	Upgrade
P/OCF Ratio	1.78	4.18	15.47	57.75	14.09	23.72	Upgrade
EV/Sales Ratio	1.94	2.52	4.23	2.97	5.10	7.75	Upgrade
EV/EBITDA Ratio	33.00	39.14	485.03	12.59	23.19	30.89	Upgrade
EV/EBIT Ratio	-	-	-	19.33	-	-	Upgrade
EV/FCF Ratio	22.01	31.08	-	-	-	-	Upgrade
Debt / Equity Ratio	3.13	2.91	2.58	2.13	2.51	2.50	Upgrade
Debt / EBITDA Ratio	30.97	25.31	103.55	6.49	15.11	13.27	Upgrade
Debt / FCF Ratio	19.44	23.79	-	-	-	-	Upgrade
Quick Ratio	0.77	0.72	0.80	0.93	1.23	1.05	Upgrade
Current Ratio	1.16	1.24	1.77	1.93	1.60	1.57	Upgrade
Asset Turnover	0.37	0.33	0.27	0.42	0.21	0.19	Upgrade
Return on Equity (ROE)	-26.38%	-20.37%	-22.50%	10.26%	-14.04%	-22.30%	Upgrade
Return on Assets (ROA)	-1.01%	-0.76%	-2.07%	4.06%	-0.53%	-0.18%	Upgrade
Return on Capital (ROIC)	-1.18%	-0.87%	-2.35%	4.55%	-0.59%	-0.20%	Upgrade
Return on Capital Employed (ROCE)	-1.90%	-1.50%	-3.60%	6.60%	-0.90%	-0.30%	Upgrade
Earnings Yield	-58.13%	-21.94%	-14.06%	3.84%	-7.31%	-6.08%	Upgrade
FCF Yield	32.90%	12.28%	-14.40%	-15.04%	-2.73%	-8.65%	Upgrade
Buyback Yield / Dilution	-0.45%	-0.36%	-5.30%	-4.14%	-4.13%	-2.12%	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.