Ailleron 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	24.34	22.83	3.53	13.23	7.45
Depreciation & Amortization	23.74	16.07	10.84	9.84	6.65
Other Amortization	-	5.37	3.62	3.11	1.69
Loss (Gain) From Sale of Assets	-	-0.73	-0.55	2.23	-0.15
Loss (Gain) From Sale of Investments	-	-	0.03	0.49	0.27
Provision & Write-off of Bad Debts	-	-	-	-0.89	-0.24
Other Operating Activities	8.44	17.93	22.87	24.63	6
Change in Accounts Receivable	3.3	0.9	6.98	-38.91	-1.45
Change in Inventory	-0.13	0.22	0.14	0.35	2.64
Change in Accounts Payable	13.01	-3.18	-3.85	30.38	-0.61
Change in Unearned Revenue	2.54	2.93	0.9	-1.91	1.46
Change in Other Net Operating Assets	-16.18	5.53	10.66	3.08	2.39
Operating Cash Flow	59.06	67.87	55.15	45.64	26.08
Operating Cash Flow Growth	-12.98%	23.05%	20.85%	74.99%	1.41%
Capital Expenditures	-4.15	-2	-2.63	-7.91	-1.77
Sale of Property, Plant & Equipment	0.45	0.74	0.64	0.33	0.35
Cash Acquisitions	-58.08	-181.42	-8.32	-99.47	-15.78
Sale (Purchase) of Intangibles	-0.1	-5.19	-9.47	-19.29	-10.52
Other Investing Activities	-	-	-	-0.38	-0.28
Investing Cash Flow	-61.88	-187.86	-19.77	-126.72	-27.99
Long-Term Debt Issued	35.86	132.17	14.45	69.88	-
Long-Term Debt Repaid	-33.66	-21.74	-10.33	-6.02	-14.93
Net Debt Issued (Repaid)	2.2	110.43	4.13	63.86	-14.93
Common Dividends Paid	-	-	-12.36	-3.95	-3.95
Other Financing Activities	-10.04	-	-3.64	-0.76	108.41
Financing Cash Flow	-7.84	110.43	-11.87	59.15	89.53
Net Cash Flow	-10.66	-9.56	23.51	-21.93	87.63
Free Cash Flow	54.91	65.87	52.53	37.73	24.31
Free Cash Flow Growth	-16.64%	25.40%	39.23%	55.20%	2.34%
Free Cash Flow Margin	9.46%	11.83%	11.59%	9.20%	11.44%
Free Cash Flow Per Share	4.33	5.00	4.25	3.05	1.97
Cash Interest Paid	11.82	12.88	5.41	3.21	1.87
Cash Income Tax Paid	-3.31	11.85	9.96	11.59	12.28
Levered Free Cash Flow	21.11	63.64	36.39	-10.26	18.26
Unlevered Free Cash Flow	28.53	70.67	39.77	-9.28	18.82
Change in Working Capital	2.55	6.39	14.82	-7	4.42

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