Dino Polska 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	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	1,614	1,505	1,405	1,132	805.3	643.92	Upgrade
Depreciation & Amortization	479.01	409.18	356.83	300.13	247.34	198.15	Upgrade
Loss (Gain) From Sale of Assets	15.01	10.37	6.53	14.54	7.42	2.26	Upgrade
Other Operating Activities	117.49	-13.34	180.13	173.06	43.68	57.65	Upgrade
Change in Accounts Receivable	-56.86	-55.97	-54.25	-152.8	-24.88	-43.2	Upgrade
Change in Inventory	-414.57	-424.12	-660.08	-605.32	-498.32	-251.15	Upgrade
Change in Other Net Operating Assets	722.47	1,126	537.06	391.72	745.78	212.3	Upgrade
Operating Cash Flow	2,477	2,557	1,772	1,253	1,326	819.92	Upgrade
Operating Cash Flow Growth	23.76%	44.36%	41.34%	-5.50%	61.76%	2.61%	Upgrade
Capital Expenditures	-2,007	-1,562	-1,173	-1,446	-1,336	-1,002	Upgrade
Sale of Property, Plant & Equipment	2.07	2.43	5.74	6.29	4.26	1.4	Upgrade
Cash Acquisitions	-	-42.84	-	-	-	-	Upgrade
Other Investing Activities	8.15	5.97	9.01	4.97	1	1.13	Upgrade
Investing Cash Flow	-1,997	-1,597	-1,158	-1,435	-1,331	-1,000	Upgrade
Long-Term Debt Issued	-	199.96	61.38	818.37	257.64	651.37	Upgrade
Long-Term Debt Repaid	-	-366.58	-690.02	-544.06	-268.4	-333.45	Upgrade
Net Debt Issued (Repaid)	-351.61	-166.62	-628.64	274.31	-10.76	317.92	Upgrade
Other Financing Activities	-126.69	-121.29	-148.97	-129.06	-46.65	-52.01	Upgrade
Financing Cash Flow	-478.3	-287.91	-777.61	145.24	-57.41	265.91	Upgrade
Net Cash Flow	1.19	672.63	-164.33	-35.9	-61.8	85.7	Upgrade
Free Cash Flow	469.66	995.54	598.68	-192.48	-9.27	-182.1	Upgrade
Free Cash Flow Growth	-13.64%	66.29%	-	-	-	-	Upgrade
Free Cash Flow Margin	1.45%	3.40%	2.33%	-0.97%	-0.07%	-1.80%	Upgrade
Free Cash Flow Per Share	0.48	1.01	0.61	-0.20	-0.01	-0.19	Upgrade
Cash Interest Paid	126.69	121.29	148.97	129.06	46.65	52.01	Upgrade
Cash Income Tax Paid	353.89	417.18	291.84	234.65	173	138.68	Upgrade
Levered Free Cash Flow	-46.46	675.34	138.12	-629.75	-213.27	-359.96	Upgrade
Unlevered Free Cash Flow	31.8	750.55	229.89	-541.85	-184.55	-327.68	Upgrade
Change in Working Capital	251.04	646.26	-177.27	-366.4	222.58	-82.05	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.