Grenevia 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	386	335	311	252	35	185
Depreciation & Amortization	193	192	161	142	174	175
Other Amortization	2	2	1	1	1	2
Loss (Gain) From Sale of Assets	-27	-4	-3	-11	-4	-25
Asset Writedown & Restructuring Costs	-23	-	-	-	94	7
Loss (Gain) on Equity Investments	-	-	-	-	-	9
Other Operating Activities	-29	-63	-16	59	-13	-34
Change in Accounts Receivable	-302	83	-	238	-25	485
Change in Inventory	-145	47	39	-42	11	46
Change in Accounts Payable	105	3	-37	-10	-	-144
Change in Other Net Operating Assets	491	25	-44	-15	5	-66
Operating Cash Flow	651	620	412	614	278	640
Operating Cash Flow Growth	-6.87%	50.48%	-32.90%	120.86%	-56.56%	26.98%
Capital Expenditures	-149	-163	-197	-149	-100	-157
Sale of Property, Plant & Equipment	49	7	14	42	8	35
Divestitures	-3	-	-	-	-	-19
Sale (Purchase) of Intangibles	-18	-	-	-	-1	-5
Investment in Securities	-233	-155	-13	-330	-39	-
Other Investing Activities	-77	58	-69	-365	-247	9
Investing Cash Flow	-431	-253	-265	-802	-278	-105
Long-Term Debt Issued	-	417	-	-	421	23
Total Debt Issued	-117	417	-	-	421	23
Long-Term Debt Repaid	-	-429	-221	-220	-19	-249
Total Debt Repaid	212	-429	-221	-220	-19	-249
Net Debt Issued (Repaid)	95	-12	-221	-220	402	-226
Other Financing Activities	-56	-40	-59	-47	-6	-10
Financing Cash Flow	39	-52	-280	-267	396	-236
Foreign Exchange Rate Adjustments	-1	-	-	-	-	-2
Net Cash Flow	258	315	-133	-455	396	297
Free Cash Flow	502	457	215	465	178	483
Free Cash Flow Growth	0.80%	112.56%	-53.76%	161.24%	-63.15%	85.06%
Free Cash Flow Margin	39.50%	44.76%	21.16%	39.88%	19.43%	42.41%
Free Cash Flow Per Share	0.87	0.80	0.37	0.81	0.31	0.84
Cash Interest Paid	49	40	59	47	6	10
Cash Income Tax Paid	58	68	70	46	33	82
Levered Free Cash Flow	328.5	384.63	485.38	-22.63	115.75	474.38
Unlevered Free Cash Flow	342.88	399	511	3.63	123.25	485.63
Change in Working Capital	149	158	-42	171	-9	321

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