Arlen 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	52.65	48.35	31.52	25.42
Depreciation & Amortization	7.23	5.97	5.66	4.7
Loss (Gain) From Sale of Assets	0.61	-0.12	-0.36	0.11
Stock-Based Compensation	-	7.71	7.71	-
Other Operating Activities	3.9	7.18	2.94	2.94
Change in Accounts Receivable	-8.43	0.21	1.11	-4.22
Change in Inventory	9.24	-3.12	-16.77	-9.08
Change in Accounts Payable	5.66	-10.67	5.62	8.41
Change in Other Net Operating Assets	1	9.59	-2.76	5.07
Operating Cash Flow	71.87	65.1	34.67	33.36
Operating Cash Flow Growth	107.33%	87.78%	3.92%	-
Capital Expenditures	-11.96	-7.75	-8.9	-11.42
Sale of Property, Plant & Equipment	0.41	0.17	0.29	0.03
Investment in Securities	-1	-0.38	0.33	-
Other Investing Activities	1.56	0.33	-0.09	-
Investing Cash Flow	-10.98	-7.62	-8.38	-11.38
Long-Term Debt Issued	-	-	2.45	1.65
Long-Term Debt Repaid	-	-4.96	-5.29	-5.78
Net Debt Issued (Repaid)	-3.83	-4.96	-2.84	-4.13
Issuance of Common Stock	-	0.1	-	-
Common Dividends Paid	-12.12	-6.61	-3.95	-2.24
Other Financing Activities	0.67	-0.61	-0.95	-0.75
Financing Cash Flow	-15.28	-12.09	-7.74	-7.13
Net Cash Flow	45.61	45.39	18.55	14.85
Free Cash Flow	59.91	57.35	25.76	21.94
Free Cash Flow Growth	132.55%	122.60%	17.42%	-
Free Cash Flow Margin	12.64%	12.43%	7.03%	7.77%
Free Cash Flow Per Share	2.71	2.59	1.22	1.04
Cash Interest Paid	0.67	1.12	1.03	0.75
Cash Income Tax Paid	14.14	14.63	10.13	6.02
Levered Free Cash Flow	-	43.39	19.4	-
Unlevered Free Cash Flow	-	44.07	20.06	-
Change in Working Capital	7.47	-4	-12.8	0.18

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