Grodno Spólka Akcyjna Cash Flow Statement

Financials in millions PLN. Fiscal year is April - March.

Millions PLN. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	4.45	-22.88	6.21	22.32	43.77	13.74
Depreciation & Amortization	10.78	10.5	10.08	8.53	7.08	5.84
Loss (Gain) From Sale of Assets	0.13	-0.01	-0.5	0.88	0.28	-
Other Operating Activities	5.64	4.91	6.4	-1.96	-12.6	0.59
Change in Accounts Receivable	-26.79	-13.16	-7.62	6.02	-48.47	-
Change in Inventory	11.23	42.69	8.81	-29.69	-53.62	-
Change in Accounts Payable	7.41	7.41	20.36	-	-	-
Change in Other Net Operating Assets	10.33	-0.06	-0.3	-28.45	111.68	-
Operating Cash Flow	23.17	29.41	43.44	-22.34	48.12	20.17
Operating Cash Flow Growth	-31.95%	-32.30%	-	-	138.57%	19.82%
Capital Expenditures	-2.27	-8.6	-10.92	-8.35	-23.01	-
Sale of Property, Plant & Equipment	3.1	2.5	0.33	0.31	0.42	-
Investment in Securities	0.12	-	-	-	-	-
Other Investing Activities	0.02	0.02	-	-1.15	0.58	-20.51
Investing Cash Flow	0.96	-6.08	-10.59	-9.19	-22.02	-20.51
Long-Term Debt Issued	-	1.94	-	73.11	17.33	-
Long-Term Debt Repaid	-	-17.56	-24.76	-25.6	-31.43	-
Net Debt Issued (Repaid)	-16.92	-15.63	-24.76	47.52	-14.1	-
Common Dividends Paid	-	-	-	-12.92	-3.23	-
Other Financing Activities	-7.73	-9.49	-9.6	-7.7	-1.87	1.37
Financing Cash Flow	-24.66	-25.12	-34.36	26.9	-19.2	1.37
Foreign Exchange Rate Adjustments	0.02	0.04	0.02	-	-	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	-0.51	-1.75	-1.5	-4.63	6.9	1.03
Free Cash Flow	20.91	20.81	32.52	-30.69	25.1	20.17
Free Cash Flow Growth	7.28%	-36.00%	-	-	24.46%	32.26%
Free Cash Flow Margin	1.79%	1.79%	2.74%	-2.50%	2.10%	2.83%
Free Cash Flow Per Share	-	1.35	2.11	-2.00	1.63	-
Cash Interest Paid	9.49	9.49	9.6	7.7	1.87	-
Cash Income Tax Paid	0.93	0.93	4.39	9.56	13.46	-
Levered Free Cash Flow	25.22	30.69	-1.79	-41.1	-28.12	60.35
Unlevered Free Cash Flow	30.24	36.6	2.4	-36.53	-27.01	60.35
Change in Working Capital	2.17	36.88	21.25	-52.12	9.59	-

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