FERRO 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	68.47	68.73	72.23	67.03	65.42	107.82
Depreciation & Amortization	0.44	-	17.39	17.71	15.11	12.87
Loss (Gain) From Sale of Assets	0.07	-	-0.1	-0.37	-0.22	-0.09
Other Operating Activities	-5.56	-10.81	12.03	21.07	4.5	5.77
Change in Accounts Receivable	13.44	-	9.74	-23.86	-7.8	-1.9
Change in Inventory	26.83	-	-32.11	56.31	-32.62	-96.07
Change in Accounts Payable	53.8	-	28.3	27.09	-45.55	27.33
Change in Other Net Operating Assets	0.34	-	1.6	-1.71	-2.54	2.74
Operating Cash Flow	157.83	57.92	109.08	163.27	-3.71	58.48
Operating Cash Flow Growth	429.35%	-46.90%	-33.19%	-	-	-6.83%
Capital Expenditures	-0.18	-	-8.62	-11.5	-25.25	-13.27
Sale of Property, Plant & Equipment	-0.09	-	0.4	0.44	0.84	0.1
Cash Acquisitions	-	-	-0.04	-4.19	-1.29	-59.99
Other Investing Activities	-14.54	-14.54	-	-	-	-
Investing Cash Flow	-14.82	-14.54	-8.26	-15.25	-25.7	-73.16
Long-Term Debt Issued	-	-	-	130.52	293.53	202.37
Long-Term Debt Repaid	-	-	-66.47	-176.92	-276.6	-188.28
Net Debt Issued (Repaid)	-1.25	-	-66.47	-46.41	16.92	14.1
Common Dividends Paid	-	-	-67.13	-31.86	-32.08	-46.73
Other Financing Activities	-82.62	-82.39	-8.24	-16.07	-11.92	-2.5
Financing Cash Flow	-83.88	-82.39	-141.83	-94.34	-27.07	-35.14
Foreign Exchange Rate Adjustments	0.1	-	-0.03	-1.88	0.26	0.09
Net Cash Flow	59.23	-39	-41.04	51.81	-56.21	-49.72
Free Cash Flow	157.64	57.92	100.46	151.77	-28.95	45.21
Free Cash Flow Growth	598.25%	-42.34%	-33.81%	-	-	-22.20%
Free Cash Flow Margin	20.79%	7.68%	12.81%	18.83%	-3.16%	5.44%
Free Cash Flow Per Share	7.43	2.73	4.73	7.14	-1.36	2.13
Cash Interest Paid	-	-	7.67	15.23	11.92	2.5
Cash Income Tax Paid	-	-	14.38	10.32	23.36	-11.59
Levered Free Cash Flow	111.86	-	78.68	125.7	-52.75	-25.98
Unlevered Free Cash Flow	112.39	-	84.15	135.93	-44.32	-23.86
Change in Working Capital	94.41	-	7.53	57.84	-88.52	-67.89

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