FRA:J2S 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	-3,802	-7,242	993.9	7,618	903.7	-1,546
Depreciation & Amortization	1,446	1,684	1,719	1,504	1,220	1,105
Other Amortization	13.8	13.8	10.3	9.2	-	-
Loss (Gain) From Sale of Assets	57.1	0.1	10.6	10.2	28	7.7
Asset Writedown & Restructuring Costs	725.7	6,449	226	349.8	423.6	506.4
Other Operating Activities	-687.4	-1,518	-1,942	1,468	-99.8	-180.8
Change in Accounts Receivable	342.8	412.8	162	-127.7	-904	-30.2
Change in Inventory	256.4	-24.7	-181.8	-337.6	227.6	250.5
Change in Accounts Payable	306.1	182.6	467.9	494.5	-94	88.4
Change in Other Net Operating Assets	-28.9	-47	282	57.3	-44	153.8
Operating Cash Flow	-1,370	-89.5	1,747	11,045	1,661	354.7
Operating Cash Flow Growth	-	-	-84.18%	564.88%	368.34%	-68.89%
Capital Expenditures	-3,257	-3,867	-3,914	-2,623	-1,596	-2,056
Sale of Property, Plant & Equipment	3.2	20.5	9.3	9.4	3.4	19.3
Sale (Purchase) of Intangibles	-17.7	-71.6	-88.5	-23.2	-10	-10.3
Investment in Securities	4,632	1,998	1	-4,228	-18.4	1,490
Other Investing Activities	51.9	73	277	176	1	7.2
Investing Cash Flow	1,412	-1,847	-3,715	-6,688	-1,620	-549.3
Long-Term Debt Issued	-	1,075	796.1	156.1	114.6	1,698
Long-Term Debt Repaid	-	-839.7	-889.5	-932.3	-398.9	-230.8
Net Debt Issued (Repaid)	-180	235.4	-93.4	-776.2	-284.3	1,467
Other Financing Activities	-117.5	-105.1	-84.5	-42.5	-53.8	-26.2
Financing Cash Flow	-297.5	130.3	-177.9	-818.7	-338.1	1,441
Foreign Exchange Rate Adjustments	-0.1	-	-1.5	0.1	-0.4	0.4
Net Cash Flow	-255.8	-1,806	-2,147	3,538	-297.5	1,247
Free Cash Flow	-4,628	-3,956	-2,167	8,422	65	-1,701
Free Cash Flow Growth	-	-	-	12857.08%	-	-
Free Cash Flow Margin	-48.87%	-34.93%	-14.12%	41.70%	0.61%	-24.52%
Free Cash Flow Per Share	-39.41	-33.70	-18.45	71.73	0.55	-14.49
Cash Interest Paid	123.4	109	87.6	70.5	62.1	68.6
Cash Income Tax Paid	22.4	162	2,957	48.2	281.5	-125.5
Levered Free Cash Flow	-7,279	-7,474	-1,762	6,145	-282.73	-1,848
Unlevered Free Cash Flow	-6,995	-7,193	-1,467	6,258	-205.41	-1,762
Change in Working Capital	876.4	523.7	730.1	86.5	-814.4	462.5

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