Grenevia 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	357	335	311	252	35
Depreciation & Amortization	186	192	161	142	174
Other Amortization	-	2	1	1	1
Loss (Gain) From Sale of Assets	-2	-4	-3	-11	-4
Asset Writedown & Restructuring Costs	-	-	-	-	94
Other Operating Activities	-19	-63	-16	59	-13
Change in Accounts Receivable	-134	83	-	238	-25
Change in Inventory	-3	47	39	-42	11
Change in Accounts Payable	41	3	-37	-10	-
Change in Other Net Operating Assets	77	25	-44	-15	5
Operating Cash Flow	503	620	412	614	278
Operating Cash Flow Growth	-18.87%	50.48%	-32.90%	120.86%	-56.56%
Capital Expenditures	-186	-163	-197	-149	-100
Sale of Property, Plant & Equipment	5	7	14	42	8
Sale (Purchase) of Intangibles	-	-	-	-	-1
Investment in Securities	-86	-155	-13	-330	-39
Other Investing Activities	-86	58	-69	-365	-247
Investing Cash Flow	-353	-253	-265	-802	-278
Long-Term Debt Issued	242	417	-	-	421
Total Debt Issued	242	417	-	-	421
Long-Term Debt Repaid	-33	-429	-221	-220	-19
Total Debt Repaid	-33	-429	-221	-220	-19
Net Debt Issued (Repaid)	209	-12	-221	-220	402
Other Financing Activities	-30	-40	-59	-47	-6
Financing Cash Flow	179	-52	-280	-267	396
Net Cash Flow	329	315	-133	-455	396
Free Cash Flow	317	457	215	465	178
Free Cash Flow Growth	-30.64%	112.56%	-53.76%	161.24%	-63.15%
Free Cash Flow Margin	26.03%	44.76%	21.16%	39.88%	19.43%
Free Cash Flow Per Share	0.55	0.80	0.37	0.81	0.31
Cash Interest Paid	-	40	59	47	6
Cash Income Tax Paid	-	68	70	46	33
Levered Free Cash Flow	304.13	384.63	485.38	-22.63	115.75
Unlevered Free Cash Flow	327.25	399	511	3.63	123.25
Change in Working Capital	-19	158	-42	171	-9

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