Grodno Spólka Akcyjna Cash Flow Statement

Financials in millions PLN. Fiscal year is April - March.

Millions PLN. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2022	FY 2020
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '22 Mar 31, 2022	Mar '20 Mar 31, 2020
Net Income	9.06	-22.88	6.21	43.14	11.55
Depreciation & Amortization	10.55	10.5	10.08	6.31	5.33
Other Adjustments	11.07	5.78	10	-1.91	1.94
Change in Receivables	-59.88	-13.16	-7.62	-53.92	-0.31
Changes in Inventories	-11.43	42.69	8.81	-52.93	-5.84
Changes in Accounts Payable	66.99	7.41	20.36	108.04	7.61
Changes in Accrued Expenses	-	-	-	-	0.22
Changes in Income Taxes Payable	-3.02	-0.93	-4.39	-10.63	-3.67
Operating Cash Flow	23.33	30.34	47.83	48.74	16.83
Operating Cash Flow Growth	-23.10%	-36.56%	-1.86%	189.55%	141.74%
Capital Expenditures	-3.2	-8.6	-10.92	-19.82	-1.59
Sale of Property, Plant & Equipment	0.47	2.5	0.33	0.39	0.17
Other Investing Activities	0.31	0.02	0	-1.82	-1.49
Investing Cash Flow	-2.42	-6.08	-10.59	-21.25	-2.91
Long-Term Debt Issued	0.76	1.94	0	16.05	-
Long-Term Debt Repaid	-8.77	-11.29	-17.78	-24.34	-8.04
Net Long-Term Debt Issued (Repaid)	-8	-9.35	-17.78	-8.29	-8.04
Common Dividends Paid	0	0	0	2.47	-
Other Financing Activities	-11.76	-15.77	-16.58	-5.71	-5.47
Financing Cash Flow	-19.76	-25.12	-34.36	-11.53	-13.51
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0.04	0.02	0	-
Net Cash Flow	1.15	-1.75	-1.5	5.32	0.42
Free Cash Flow	20.13	21.75	36.91	28.91	15.25
Free Cash Flow Growth	-7.42%	-41.08%	27.66%	89.64%	-
FCF Margin	1.66%	1.86%	3.11%	-	2.44%
Free Cash Flow Per Share	1.31	1.41	2.40	1.88	0.99
Levered Free Cash Flow	60.94	18.84	12.36	22.68	5.58
Unlevered Free Cash Flow	80.82	35.91	34.45	30.97	15.79