Asseco Poland 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	288.9	1,255	1,044	1,341	1,052	807.7
Depreciation & Amortization	340.5	829.9	874.6	892.9	790.3	707.5
Stock-Based Compensation	25.9	78.9	80.7	64.8	58.6	31.5
Other Adjustments	24.6	150.1	160.8	-124	109.2	137.6
Changes in Other Operating Activities	-175.2	38.8	328.4	-326.2	-417.4	276.4
Operating Cash Flow	791.4	2,352	2,489	1,849	1,593	1,961
Operating Cash Flow Growth	26.81%	-5.49%	34.62%	16.06%	-18.75%	30.60%
Capital Expenditures	-342	-358.9	-342.1	-422.9	-298.5	-314
Sale of Property, Plant & Equipment	5.3	83.3	19.5	45.5	31.2	10.6
Purchases of Investments	-3.2	-51.4	-21.7	-71.2	-18.9	-5.2
Proceeds from Sale of Investments	17.3	28.2	7.5	6.6	0.3	124
Payments for Business Acquisitions	177.7	-340.8	-360.6	-331.7	-486.5	-522.6
Proceeds from Business Divestments	3.1	-	13.8	244	30.6	31.9
Other Investing Activities	-188.7	131.5	-209.6	43.1	140.7	-62.4
Investing Cash Flow	-868.7	-508.1	-893.2	-486.6	-601.1	-737.7
Long-Term Debt Issued	282.8	649.9	1,263	1,585	640.1	924.5
Long-Term Debt Repaid	-319.2	-1,048	-762.5	-1,055	-586.1	-909.8
Net Long-Term Debt Issued (Repaid)	-36.4	-398.5	500.2	529.9	54	14.7
Issuance of Common Stock	-	1.4	31.5	-	8	445.3
Repurchase of Common Stock	-	-	-1,186	-	-	-
Net Common Stock Issued (Repurchased)	-	1.4	-1,155	-	8	445.3
Common Dividends Paid	-268.7	-249.6	-290.5	-278.9	-258.1	-249.8
Other Financing Activities	-354.1	-959	-982.4	-1,061	-787.1	-730.5
Financing Cash Flow	-1,433	-1,606	-1,927	-809.8	-983.2	-520.3
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-139.2	67.2	-323.7	-9.5	139.8	51.2
Net Cash Flow	304.3	238.4	-331.8	552.4	8.7	702.7
Free Cash Flow	449.4	1,993	2,147	1,426	1,295	1,647
Free Cash Flow Growth	-77.45%	-7.15%	50.55%	10.15%	-21.39%	39.36%
FCF Margin	2.52%	11.63%	12.70%	8.21%	8.93%	13.51%
Free Cash Flow Per Share	6.59	29.23	27.22	17.18	15.60	19.84
Levered Free Cash Flow	390.9	631.2	1,844	1,176	596	1,086
Unlevered Free Cash Flow	1,295	1,926	2,148	1,542	1,211	1,643

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.