ECB S.A. Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4.06	639.36	-198.9	-205.77	-210.63
Depreciation & Amortization	-	1.66	12.16	11.94	11.72
Loss (Gain) on Sale of Assets	-	-595.99	-0.05	-0.04	-3.08
Loss (Gain) on Equity Investments	-	13	-	-	-
Change in Accounts Receivable	-	-7.82	-0.09	-45.61	-3.49
Change in Inventory	-	3.84	22.21	-30.21	-1.78
Change in Accounts Payable	-	-1.37	-14.74	29.32	-19.08
Change in Other Net Operating Assets	-	-37.94	195.58	207.42	290.84
Other Operating Activities	4.79	-0	20.24	-3.05	6.78
Operating Cash Flow	8.85	14.75	36.42	-36	71.28
Operating Cash Flow Growth	-39.97%	-59.50%	-	-	20.50%
Capital Expenditures	-	-13.42	-18.94	-4.31	-1.33
Sale of Property, Plant & Equipment	-	0.1	0	0.04	0.66
Investment in Securities	-	3.43	-	-	-
Other Investing Activities	-0.29	0	-0.15	-	-
Investing Cash Flow	-0.29	-9.88	-10.77	-4.27	-0.43
Long-Term Debt Issued	-	-	2	-	-
Long-Term Debt Repaid	-	-4.14	-26.1	-2.73	-55.04
Net Debt Issued (Repaid)	-	-4.14	-24.1	-2.73	-55.04
Other Financing Activities	-3.29	-	-	-	-
Financing Cash Flow	-3.29	-4.14	-24.1	-2.73	-55.04
Net Cash Flow	5.27	0.73	1.56	-43	15.81
Free Cash Flow	8.85	1.33	17.48	-40.31	69.95
Free Cash Flow Growth	565.71%	-92.39%	-	-	18.99%
Free Cash Flow Margin	10.16%	1.26%	7.13%	-12.50%	28.56%
Free Cash Flow Per Share	2.96	0.45	5.84	-13.47	23.38
Cash Income Tax Paid	-	3.52	2.32	7.07	7.96
Levered Free Cash Flow	-	-706.22	81.01	38.26	223.97
Unlevered Free Cash Flow	-	-706.07	83.3	38.72	225.54
Change in Working Capital	-	-43.28	202.97	160.92	266.49

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