Boryszew 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	FY 2021
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	Dec '21 Dec 31, 2021
Net Income	32.17	23.62	110.49	122.06	106.63	72.8
Depreciation & Amortization	141.64	146.98	153.81	154.87	172.53	170.74
Other Amortization	3.94	3.94	4.86	4.03	5.35	3.46
Loss (Gain) From Sale of Assets	-22.75	-23.07	-126.39	-106.57	-116.22	-136.52
Other Operating Activities	48.17	30.7	37.97	32.12	78.25	57.21
Change in Accounts Receivable	-55.06	10.71	-50.73	175.1	200.78	-282.08
Change in Inventory	-74.39	4.24	136.7	137.08	-50.35	-57.05
Change in Other Net Operating Assets	15.28	12.32	-180.1	-99.86	-110.86	324.26
Operating Cash Flow	88.99	209.45	86.61	418.82	286.11	152.81
Operating Cash Flow Growth	-43.72%	141.84%	-79.32%	46.39%	87.23%	-
Sale of Property, Plant & Equipment	31.46	13.93	128.96	80.92	133.77	42.92
Divestitures	-	-	-	-	-	239.59
Investment in Securities	0.17	0.17	-23.82	10.06	102.97	1.58
Other Investing Activities	-100	-103.47	-132.92	-194.86	-254.65	-156.92
Investing Cash Flow	-53.78	-86.48	-22.68	-59.23	-30.29	104.62
Long-Term Debt Issued	-	156.57	231.13	200.55	377.06	213.65
Long-Term Debt Repaid	-	-145.64	-180.66	-289.4	-431.97	-421.32
Net Debt Issued (Repaid)	47.7	10.93	50.47	-88.86	-54.92	-207.68
Common Dividends Paid	-70.91	-70.91	-89.15	-149.93	-186.4	-
Other Financing Activities	-83.2	-85.03	-33.11	-62.03	-39.5	-14.87
Financing Cash Flow	-106.41	-145.01	-71.8	-300.81	-280.81	-222.55
Foreign Exchange Rate Adjustments	1.31	-0.59	-2.69	-3.93	1.96	-1.76
Miscellaneous Cash Flow Adjustments	-26.99	-26.99	-	-	-0.28	-30.62
Net Cash Flow	-96.88	-49.62	-10.55	54.85	-23.31	2.51
Cash Interest Paid	60.83	60.83	56.43	59.11	47.12	32.77
Cash Income Tax Paid	29.44	29.44	36.95	66.52	90.39	68.09
Levered Free Cash Flow	32.2	145.25	143.32	407.75	387.2	43.52
Unlevered Free Cash Flow	76.41	187.99	187.68	457.18	427.59	65.3
Change in Working Capital	-114.17	27.27	-94.14	212.32	39.57	-14.87

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