Arlen Cash Flow Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	43.03	57.52	54.79	33.7	27.61
Depreciation & Amortization	1.74	7.24	5.97	5.66	4.7
Stock-Based Compensation	-	-	7.71	7.71	-
Other Adjustments	0.95	0.48	0.62	0.39	0.87
Change in Receivables	22.46	3.52	0.21	1.11	-4.22
Changes in Inventories	24.63	7.77	-3.12	-16.77	-9.08
Changes in Accounts Payable	-27.85	3.4	-10.67	5.62	8.41
Changes in Accrued Expenses	3.08	0.34	3.85	0.63	2.21
Changes in Other Operating Activities	1.89	6.71	5.74	-3.39	2.87
Operating Cash Flow	74.11	86.98	65.1	34.67	33.36
Operating Cash Flow Growth	43.79%	33.63%	87.78%	3.92%	-
Purchases of Intangible Assets	-16.69	-14.08	-7.75	-8.9	-11.42
Proceeds from Sale of Intangible Assets	0.34	0.46	0.17	0.29	0.03
Purchases of Investments	-7.2	-	-0.5	-	-
Proceeds from Sale of Investments	-	-	0.13	0.33	-
Other Investing Activities	1.81	2.05	0.33	-0.09	-
Investing Cash Flow	-21.74	-11.57	-7.62	-8.38	-11.38
Long-Term Debt Issued	-	-	-	2.45	1.65
Long-Term Debt Repaid	-1.86	-1.76	-1.96	-1.9	-2.38
Net Long-Term Debt Issued (Repaid)	-1.86	-1.76	-1.96	0.55	-0.72
Issuance of Common Stock	-	-	0.1	-	-
Net Common Stock Issued (Repurchased)	-	-	0.1	-	-
Common Dividends Paid	-	-9.52	-6.61	-3.95	-2.24
Other Financing Activities	-3.08	-3.31	-3.61	-4.34	-4.16
Financing Cash Flow	-14.14	-14.58	-12.09	-7.74	-7.13
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-	0.02
Net Cash Flow	38.23	60.83	45.39	18.55	14.85
Free Cash Flow	74.11	86.98	65.1	34.67	33.36
Free Cash Flow Growth	43.79%	33.63%	87.78%	3.92%	-
FCF Margin	16.96%	18.34%	14.11%	9.46%	11.81%
Free Cash Flow Per Share	3.35	3.93	2.94	1.64	1.58
Levered Free Cash Flow	42.36	77.54	48.15	23.82	33.8
Unlevered Free Cash Flow	45.31	81.45	55.15	26.81	35.56