Asseco South Eastern Europe S.A. (WSE:ASE)

WSE:ASE Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	214.16	198.25	199.22	199.94	187.83	149.24
Depreciation & Amortization	82.39	80.12	73.66	71.31	72.16	68.05
Other Amortization	26.09	26.09	25.06	17.67	21.21	10.49
Loss (Gain) From Sale of Assets	12.52	16.19	2.74	1.45	8.29	-0.4
Loss (Gain) From Sale of Investments	3.17	2.86	-0.29	-0.91	0.02	1.51
Stock-Based Compensation	0.7	0.67	0.72	0.64	0.42	0.08
Other Operating Activities	9.47	3.44	-26.22	-12.66	-10.14	10.34
Change in Accounts Receivable	-41.24	-97.95	44.13	-90.88	-134.88	11.95
Change in Inventory	17.71	40.09	-12.15	-52.56	-23.13	-4.53
Change in Other Net Operating Assets	49.93	46.9	-103.01	175.61	118.82	-11.89
Operating Cash Flow	374.89	316.65	203.86	309.61	240.58	234.84
Operating Cash Flow Growth	21.01%	55.32%	-34.15%	28.69%	2.44%	14.77%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-70.88	-80.03	-93.23	-61.81	-59.15	-40.01
Sale of Property, Plant & Equipment	1.45	1.45	1.93	1.01	1.33	3.05
Cash Acquisitions	-1.11	-22.68	-80.94	-60.06	-40.9	-143.98
Divestitures	2.36	-1.77	-	0.72	3.42	-
Investment in Securities	-0.42	-0.18	-0.15	-0.45	-1.21	4.92
Other Investing Activities	0.23	0.14	0.11	0.44	0.01	0
Investing Cash Flow	-68.33	-103.58	-158.48	-119.96	-96.45	-176.06

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	33.48	110.48	32.22	55.06	31.67
Total Debt Issued	20.66	33.48	110.48	32.22	55.06	31.67
Long-Term Debt Repaid	-	-72.84	-81.46	-52.05	-56.76	-52.93
Net Debt Issued (Repaid)	-43.1	-39.37	29.02	-19.84	-1.7	-21.25
Common Dividends Paid	-192.01	-90.82	-85.63	-75.77	-66.43	-51.89
Other Financing Activities	-77.97	-38.59	-27.03	-37.6	-7.04	-9.38
Financing Cash Flow	-313.08	-168.77	-83.64	-133.21	-75.16	-82.52

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-1.32	-14.02	-7.73	-35.91	-8.83	-20.5
Net Cash Flow	-7.84	30.28	-45.98	20.53	60.14	-44.23

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	304.02	236.62	110.63	247.8	181.43	194.84
Free Cash Flow Growth	50.92%	113.88%	-55.35%	36.58%	-6.88%	15.25%
Free Cash Flow Margin	16.50%	13.15%	6.48%	15.09%	11.59%	16.99%
Free Cash Flow Per Share	5.86	4.56	2.13	4.78	3.50	3.75
Levered Free Cash Flow	115.84	255.13	40.18	207.23	140.09	143.89
Unlevered Free Cash Flow	124.46	264.22	51.36	212.81	143.04	146.34

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	7.94	8.44	9.28	5.34	3.83	2.67
Cash Income Tax Paid	51.66	47.87	54.74	47.99	45.66	35.18
Change in Working Capital	26.41	-10.96	-71.03	32.16	-39.2	-4.47

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 31, 2026

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