Dino Polska 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	1,614	1,505	1,405	1,132	805.3	643.92
Depreciation & Amortization	479.01	409.18	356.83	300.13	247.34	198.15
Loss (Gain) From Sale of Assets	15.01	10.37	6.53	14.54	7.42	2.26
Other Operating Activities	117.49	-13.34	180.13	173.06	43.68	57.65
Change in Accounts Receivable	-56.86	-55.97	-54.25	-152.8	-24.88	-43.2
Change in Inventory	-414.57	-424.12	-660.08	-605.32	-498.32	-251.15
Change in Other Net Operating Assets	722.47	1,126	537.06	391.72	745.78	212.3
Operating Cash Flow	2,477	2,557	1,772	1,253	1,326	819.92
Operating Cash Flow Growth	23.76%	44.36%	41.34%	-5.50%	61.76%	2.61%
Capital Expenditures	-2,007	-1,562	-1,173	-1,446	-1,336	-1,002
Sale of Property, Plant & Equipment	2.07	2.43	5.74	6.29	4.26	1.4
Cash Acquisitions	-	-42.84	-	-	-	-
Other Investing Activities	8.15	5.97	9.01	4.97	1	1.13
Investing Cash Flow	-1,997	-1,597	-1,158	-1,435	-1,331	-1,000
Long-Term Debt Issued	-	199.96	61.38	818.37	257.64	651.37
Long-Term Debt Repaid	-	-366.58	-690.02	-544.06	-268.4	-333.45
Net Debt Issued (Repaid)	-351.61	-166.62	-628.64	274.31	-10.76	317.92
Other Financing Activities	-126.69	-121.29	-148.97	-129.06	-46.65	-52.01
Financing Cash Flow	-478.3	-287.91	-777.61	145.24	-57.41	265.91
Net Cash Flow	1.19	672.63	-164.33	-35.9	-61.8	85.7
Free Cash Flow	469.66	995.54	598.68	-192.48	-9.27	-182.1
Free Cash Flow Growth	-13.64%	66.29%	-	-	-	-
Free Cash Flow Margin	1.45%	3.40%	2.33%	-0.97%	-0.07%	-1.80%
Free Cash Flow Per Share	0.48	1.01	0.61	-0.20	-0.01	-0.19
Cash Interest Paid	126.69	121.29	148.97	129.06	46.65	52.01
Cash Income Tax Paid	353.89	417.18	291.84	234.65	173	138.68
Levered Free Cash Flow	-46.46	675.34	138.12	-629.75	-213.27	-359.96
Unlevered Free Cash Flow	31.8	750.55	229.89	-541.85	-184.55	-327.68
Change in Working Capital	251.04	646.26	-177.27	-366.4	222.58	-82.05

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