Asseco Poland 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	-	1,255	1,044	1,341	1,052
Depreciation & Amortization	-	829.9	874.6	892.9	790.3
Stock-Based Compensation	-	78.9	80.7	64.8	58.6
Other Adjustments	-	150.1	160.8	-124	109.2
Changes in Other Operating Activities	-375.3	38.8	328.4	-326.2	-417.4
Operating Cash Flow	2,652	2,352	2,489	1,849	1,593
Operating Cash Flow Growth	12.76%	-5.49%	34.62%	16.06%	-18.75%
Capital Expenditures	-227.8	-358.9	-342.1	-422.9	-298.5
Sale of Property, Plant & Equipment	-	83.3	19.5	45.5	31.2
Purchases of Intangible Assets	-63.4	-	-	-	-
Purchases of Investments	-	-51.4	-21.7	-71.2	-18.9
Proceeds from Sale of Investments	-	28.2	7.5	6.6	0.3
Payments for Business Acquisitions	-226.4	-340.8	-360.6	-331.7	-486.5
Proceeds from Business Divestments	-	-	13.8	244	30.6
Other Investing Activities	-	131.5	-209.6	43.1	140.7
Investing Cash Flow	-472.3	-508.1	-893.2	-486.6	-601.1
Long-Term Debt Issued	-	649.9	1,263	1,585	640.1
Long-Term Debt Repaid	-801.1	-1,048	-762.5	-1,055	-586.1
Net Long-Term Debt Issued (Repaid)	-801.1	-398.5	500.2	529.9	54
Issuance of Common Stock	-	1.4	31.5	-	8
Repurchase of Common Stock	-	-	-1,186	-	-
Net Common Stock Issued (Repurchased)	-	1.4	-1,155	-	8
Common Dividends Paid	-268.7	-249.6	-290.5	-278.9	-258.1
Other Financing Activities	-109.1	-959	-982.4	-1,061	-787.1
Financing Cash Flow	-279.8	-1,606	-1,927	-809.8	-983.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	67.2	-323.7	-9.5	139.8
Net Cash Flow	1,900	305.6	-655.5	542.9	148.5
Free Cash Flow	2,425	1,993	2,147	1,426	1,295
Free Cash Flow Growth	21.63%	-7.15%	50.55%	10.15%	-21.39%
FCF Margin	-	11.63%	12.71%	8.21%	8.93%
Free Cash Flow Per Share	29.21	29.23	27.22	17.18	15.60
Levered Free Cash Flow	-1,251	631.2	1,844	1,176	596
Unlevered Free Cash Flow	-500.3	1,926	2,148	1,542	1,211

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.