Vercom Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 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
Net Income	87.46	76.58	70.4	31.42	22.79	19.42
Depreciation & Amortization	12.15	12.62	12.13	7.74	3.38	2.06
Other Amortization	3.56	3.56	3.39	1.93	1.3	0.68
Loss (Gain) From Sale of Assets	0.04	-0.02	-0.11	-0.19	-0	-
Asset Writedown & Restructuring Costs	-0.03	0.12	-	-	-	-
Loss (Gain) From Sale of Investments	0.09	0.09	-13.47	-	-	-
Loss (Gain) on Equity Investments	-	-	-0.66	-0.9	0.1	0.19
Stock-Based Compensation	3.83	0.6	1.3	0.93	1.8	-
Other Operating Activities	5.17	5.66	5.01	6.95	-0.09	2.04
Change in Accounts Receivable	33.75	-17.55	0.71	0.96	-7.42	-3.37
Change in Inventory	-	-	0.21	-	-	-
Change in Accounts Payable	-42.54	21.02	1.59	1.05	8.34	4.25
Change in Unearned Revenue	9.32	9	3.9	0.37	0.74	0.39
Change in Other Net Operating Assets	0.43	0.68	0.9	1.6	-0.38	-0.34
Operating Cash Flow	113.24	112.36	85.3	51.87	30.56	25.32
Operating Cash Flow Growth	11.64%	31.72%	64.44%	69.75%	20.68%	-
Capital Expenditures	-15.5	-11.85	-8.92	-7.14	-5.03	-1.87
Sale of Property, Plant & Equipment	0.6	0.07	0.33	0.21	0.03	0.01
Cash Acquisitions	-	-	0.55	-244.61	-33.25	-36.1
Investment in Securities	0.48	0.48	22.88	-0	-2.45	13.76
Other Investing Activities	1.03	1.57	0.14	1.2	0.32	0.01
Investing Cash Flow	-13.5	-6.54	14.86	-220.88	-71.61	-22.57
Long-Term Debt Issued	-	0.02	0.02	118.84	4	36
Long-Term Debt Repaid	-	-20.53	-48.05	-21.31	-12.48	-2.19
Net Debt Issued (Repaid)	-19.32	-20.51	-48.03	97.53	-8.48	33.81
Issuance of Common Stock	-	-	-	8.95	170.45	-
Repurchase of Common Stock	-29.64	-	-	-	-	-19.28
Common Dividends Paid	-44.99	-35.44	-25.01	-	-15.06	-10.33
Other Financing Activities	-5.3	-7.22	-10.73	-5.56	-0.75	2.06
Financing Cash Flow	-99.25	-63.17	-83.76	100.92	146.17	6.27
Foreign Exchange Rate Adjustments	-0.84	0.33	-2.18	0.33	-	-
Net Cash Flow	-0.34	42.97	14.22	-67.76	105.12	9.02
Free Cash Flow	97.74	100.51	76.38	44.73	25.52	23.45
Free Cash Flow Growth	7.53%	31.60%	70.76%	75.25%	8.85%	-
Free Cash Flow Margin	20.71%	20.25%	22.64%	17.18%	14.27%	20.11%
Free Cash Flow Per Share	4.41	4.53	3.44	2.19	1.53	1.61
Cash Interest Paid	5.3	6.7	10.46	5.79	1.42	1.47
Cash Income Tax Paid	13.69	10.5	6.56	4.65	5.42	1.63
Levered Free Cash Flow	69.87	76.39	52.23	70.73	-11.23	-
Unlevered Free Cash Flow	73.46	80.97	59.13	74.5	-10.19	-
Change in Working Capital	0.96	13.16	7.31	3.98	1.28	0.94

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