11 bit studios Cash Flow Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	6.94	6.89	0.53	22.89	28.69
Depreciation & Amortization	50.22	1.29	1.5	1.14	1.01
Other Amortization	-	18.52	2.67	4.76	7.91
Asset Writedown & Restructuring Costs	0.51	-	-	-0.07	-0.03
Loss (Gain) From Sale of Investments	-0.25	0.98	6.95	-1.62	-
Loss (Gain) on Equity Investments	3.47	-2.72	0.17	-	-
Stock-Based Compensation	-0.44	-4.05	-1.82	2.96	3.35
Other Operating Activities	2.02	-2.54	-1.58	-0.02	2.94
Change in Accounts Receivable	0.02	-10.09	-1.27	7.01	-4.88
Change in Inventory	0.01	-0.05	-0	-	-
Change in Accounts Payable	2.15	6.91	-0.81	-0.4	-1.78
Change in Unearned Revenue	-1.07	-2.35	12.23	-2.81	3.88
Change in Other Net Operating Assets	-1.07	-2.67	3.33	-0.9	-0.14
Operating Cash Flow	62.53	10.12	21.9	32.93	40.94
Operating Cash Flow Growth	517.69%	-53.78%	-33.50%	-19.57%	8.70%
Capital Expenditures	-37.99	-	-58.81	-45.68	-28.88
Sale of Property, Plant & Equipment	-	8.63	-	-	-
Investment in Securities	-44.99	11.22	38.63	17.95	-10.4
Other Investing Activities	0.91	1.55	3.98	-1.12	1.88
Investing Cash Flow	-82.07	21.4	-16.21	-28.84	-37.4
Long-Term Debt Repaid	-1.26	-1.37	-1.26	-1.16	-1.26
Net Debt Issued (Repaid)	-1.26	-1.37	-1.26	-1.16	-1.26
Issuance of Common Stock	-	-	3.83	1.37	0.66
Other Financing Activities	-0.28	-0.42	-0.24	-0.46	-0.32
Financing Cash Flow	-1.54	-1.79	2.33	-0.25	-0.93
Foreign Exchange Rate Adjustments	0.84	-1.83	-1.05	-	-
Net Cash Flow	-20.24	27.9	6.97	3.84	2.61
Free Cash Flow	24.53	10.12	-36.91	-12.75	12.06
Free Cash Flow Growth	142.35%	-	-	-	52.51%
Free Cash Flow Margin	17.25%	7.20%	-70.62%	-17.18%	17.20%
Free Cash Flow Per Share	10.14	4.19	-15.32	-5.31	5.03
Cash Interest Paid	-	0.42	0.24	0.46	0.32
Cash Income Tax Paid	-	0.75	-0.75	1.16	-1.03
Levered Free Cash Flow	-3.23	48.92	-34.64	-21.27	5.01
Unlevered Free Cash Flow	2.17	49.11	-34.15	-21.36	4.55
Change in Working Capital	0.04	-8.26	13.48	2.9	-2.93

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.