Agora 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	22.8	14.65	65.37	-102.66	-44.57
Depreciation & Amortization	188.79	174.36	166.7	147.41	149.79
Other Amortization	-	-	-	10.72	11.59
Loss (Gain) From Sale of Assets	-17.2	-9.69	3.82	22.19	2.34
Loss (Gain) From Sale of Investments	-	-	-53.07	-	-
Loss (Gain) on Equity Investments	0.26	-1.11	4.27	-8.54	-9.36
Stock-Based Compensation	-	-	-	-	0.14
Other Operating Activities	61.65	46.97	17	45.97	9.36
Change in Accounts Receivable	-8.92	-19.88	-11.51	-10.47	-6.23
Change in Inventory	-11.89	10.12	-3.55	-10.44	-4.76
Change in Unearned Revenue	-1.19	9.29	5.24	-4.86	5
Change in Other Net Operating Assets	41.22	22.66	46.4	-12.52	13.5
Operating Cash Flow	275.52	260	246.64	76.82	126.81
Operating Cash Flow Growth	5.97%	5.42%	221.07%	-39.42%	-3.84%
Capital Expenditures	-90.69	-61.6	-60.88	-76.49	-49.46
Sale of Property, Plant & Equipment	14.51	11.39	25.87	12.56	22.26
Cash Acquisitions	-17.87	-	10.11	-	-
Divestitures	28.68	4.77	-	-	-
Investment in Securities	-3.27	-	-	-	-
Other Investing Activities	0	4.2	4.45	24.35	12.01
Investing Cash Flow	-68.59	-39.37	-19.48	-38.61	-18.73
Long-Term Debt Issued	9.49	273.51	79.55	81.9	27.77
Long-Term Debt Repaid	-126.2	-220.22	-188.27	-146.57	-114.14
Total Debt Repaid	-126.2	-220.22	-188.27	-146.57	-114.14
Net Debt Issued (Repaid)	-116.71	53.29	-108.72	-64.68	-86.37
Common Dividends Paid	-11.65	-	-	-	-
Other Financing Activities	-54.62	-233.77	-97.09	-39.36	-25.18
Financing Cash Flow	-182.98	-180.48	-205.81	-104.03	-111.56
Net Cash Flow	23.96	40.14	21.35	-65.82	-3.48
Free Cash Flow	184.84	198.4	185.76	0.33	77.34
Free Cash Flow Growth	-6.83%	6.80%	56019.94%	-99.57%	18.46%
Free Cash Flow Margin	11.51%	13.40%	13.46%	0.03%	8.01%
Free Cash Flow Per Share	3.97	4.26	3.99	0.01	1.66
Cash Interest Paid	51	54.86	44.25	35.62	20.92
Cash Income Tax Paid	18.97	23.36	11.86	3.43	2.66
Levered Free Cash Flow	157.68	160.2	202.09	3.2	77.8
Unlevered Free Cash Flow	191.44	191.11	230.24	26.29	90.5
Change in Working Capital	19.22	22.19	36.58	-38.28	7.51

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