mBank 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	3,488	2,243	24.05	-702.69	-1,179	103.83
Depreciation & Amortization	478.01	422.93	388.59	369.43	368.23	367.11
Other Amortization	191.27	191.27	144.55	129.28	100.36	99.61
Gain (Loss) on Sale of Assets	-140.18	-49.3	-23.71	2.49	14.97	-94.23
Change in Trading Asset Securities	5,879	3,675	1,767	307.84	-3,506	-12,001
Change in Other Net Operating Assets	-30,974	-21,794	8,192	-10,059	-8,688	-9,674
Other Operating Activities	-1,052	-1,627	-2,405	1,269	287.69	1,741
Operating Cash Flow	-22,131	-16,938	8,087	-8,684	-12,602	-19,457
Capital Expenditures	-900.69	-903.16	-718.5	-563.11	-589.4	-552.49
Sale of Property, Plant and Equipment	206.2	95.56	115.7	61.72	85.8	95.62
Cash Acquisitions	-20.79	-62.29	-21.56	-	-14.6	-
Divestitures	-	-	-	0.12	5.15	7.81
Other Investing Activities	8.52	14.28	9.49	5.53	5.05	4.71
Investing Cash Flow	-706.76	-855.61	-614.87	-495.74	-508.01	-444.35
Long-Term Debt Issued	-	2,657	4,884	1,792	3,497	60.5
Long-Term Debt Repaid	-	-1,619	-3,123	-5,482	-5,432	-4,921
Net Debt Issued (Repaid)	-2,825	1,038	1,761	-3,690	-1,935	-4,860
Issuance of Common Stock	0.12	0.13	0.13	0.19	0.07	0.07
Net Increase (Decrease) in Deposit Accounts	20,443	15,404	11,412	16,670	23,406	20,785
Other Financing Activities	1,371	1,328	-192.48	-94.49	-59.69	-84.73
Financing Cash Flow	18,910	17,769	12,981	12,886	21,411	15,840
Foreign Exchange Rate Adjustments	7.43	2.46	-1.75	4.02	-9.65	30.88
Net Cash Flow	-3,921	-21.5	20,451	3,710	8,292	-4,030
Free Cash Flow	-23,031	-17,841	7,369	-9,247	-13,191	-20,009
Free Cash Flow Margin	-191.35%	-153.59%	73.72%	-125.25%	-241.51%	-424.80%
Free Cash Flow Per Share	-541.19	-419.37	173.29	-218.07	-311.34	-472.14
Cash Interest Paid	4,944	5,359	6,088	2,737	294.1	779.56
Cash Income Tax Paid	1,350	765	1,079	454.87	837.69	444.2

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