XTB S.A. (FRA:9PR)

XTB S.A. Cash Flow Statement

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
Net Income	653.32	857.03	791.17	766.1	237.83	402.09
Depreciation & Amortization, Total	22.89	19.55	16.84	11.76	8.68	7.53
Change in Accounts Payable	2,337	1,527	310.39	317.24	807.25	629.45
Change in Other Net Operating Assets	-2,130	-1,442	-313.04	-142.01	-778.53	-531.62
Other Operating Activities	-11.15	-12.43	-279.99	341.73	-4.85	22.2
Operating Cash Flow	657.28	828.26	479.25	1,149	199.01	469.14
Capital Expenditures	-23.38	-19.28	-14.46	-12.63	-7.81	-4.35
Sale (Purchase) of Intangibles	-0.26	-1.38	-0.11	-1.12	-0.21	-0.32
Investment in Securities	521.35	-24.61	-30.1	-24.78	60.51	-382.02
Other Investing Activities	11.64	22.37	325.54	-290.19	2.38	2.47
Investing Cash Flow	509.41	-22.88	280.87	-328.7	54.89	-384.23
Long-Term Debt Repaid	-	-10.55	-11.4	-5.02	-5.74	-4.37
Net Debt Issued (Repaid)	-13	-10.55	-11.4	-5.02	-5.74	-4.37
Issuance of Common Stock	8.42	7.26	14.54	-	-	-
Repurchase of Common Stock	-7.38	-7.75	-	-	-	-
Common Dividends Paid	-640.75	-590.2	-570.48	-176.08	-210.12	-28.17
Other Financing Activities	-0.46	-0.77	-1.11	-0.84	-0.31	-0.31
Financing Cash Flow	-653.17	-602.01	-568.46	-181.93	-216.17	-32.85
Foreign Exchange Rate Adjustments	22.22	6.25	-4.27	-5.36	9.46	5.79
Net Cash Flow	535.74	209.62	187.4	633.11	47.19	57.85
Free Cash Flow	633.91	808.98	464.79	1,136	191.2	464.78
Free Cash Flow Growth	-17.13%	74.05%	-59.10%	494.38%	-58.86%	709.89%
Free Cash Flow Margin	31.81%	43.54%	28.95%	78.44%	30.56%	58.18%
Free Cash Flow Per Share	5.39	6.88	3.95	9.68	1.63	3.96
Cash Interest Paid	1.26	1.05	2.67	0.84	0.31	0.31
Cash Income Tax Paid	134.64	201.62	146.03	133.73	47.97	92.19

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