KGHM Polska Miedz 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	2,567	2,868	-3,698	4,772	6,156	1,800
Depreciation & Amortization	2,291	2,006	2,311	2,239	2,123	1,963
Loss (Gain) From Sale of Assets	-101	25	21	-288	-58	9
Asset Writedown & Restructuring Costs	274	238	3,980	144	334	238
Loss (Gain) on Equity Investments	-	-	-	-	-	204
Other Operating Activities	1,291	654	-263	-1,213	858	344
Change in Accounts Receivable	86	-399	209	-156	-137	-77
Change in Inventory	-933	702	693	-2,343	-1,933	295
Change in Accounts Payable	-224	-171	31	259	417	302
Change in Other Net Operating Assets	-675	-1,007	2,868	-77	-1,114	652
Operating Cash Flow	3,939	4,690	6,051	2,464	4,266	5,656
Operating Cash Flow Growth	-32.57%	-22.49%	145.58%	-42.24%	-24.58%	12.04%
Capital Expenditures	-5,545	-5,886	-4,932	-4,132	-3,904	-3,467
Sale of Property, Plant & Equipment	71	46	41	394	98	74
Cash Acquisitions	-	-63	-7	-	-	-
Divestitures	13	-	-	243	-	-
Investment in Securities	-	-	2	26	29	-218
Other Investing Activities	972	397	98	774	1,251	-50
Investing Cash Flow	-4,489	-5,506	-4,798	-2,695	-2,526	-3,661
Long-Term Debt Issued	-	2,940	1,673	677	358	4,247
Long-Term Debt Repaid	-	-2,651	-2,134	-484	-2,145	-4,610
Net Debt Issued (Repaid)	-195	289	-461	193	-1,787	-363
Common Dividends Paid	-	-300	-200	-600	-300	-
Other Financing Activities	-49	-206	-86	-39	-113	-185
Financing Cash Flow	-244	-217	-747	-446	-2,200	-548
Foreign Exchange Rate Adjustments	93	19	23	-27	-158	59
Net Cash Flow	-701	-1,014	529	-704	-618	1,506
Free Cash Flow	-1,606	-1,196	1,119	-1,668	362	2,189
Free Cash Flow Growth	-	-	-	-	-83.46%	20.54%
Free Cash Flow Margin	-4.58%	-3.39%	3.34%	-4.93%	1.21%	9.26%
Free Cash Flow Per Share	-8.03	-5.98	5.59	-8.34	1.81	10.95
Cash Interest Paid	159	202	81	92	94	177
Cash Income Tax Paid	1,012	413	1,646	1,696	740	667
Levered Free Cash Flow	-4,003	-1,692	767.25	-2,779	-569.63	2,734
Unlevered Free Cash Flow	-3,924	-1,592	814.75	-2,767	-510.88	2,816
Change in Working Capital	-1,746	-875	3,801	-2,317	-2,767	1,172

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