Herkules 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	30	-5.04	-68.85	-6.82	0.66
Depreciation & Amortization	16.8	18.28	19.46	19.56	19.34
Loss (Gain) From Sale of Assets	-	-2.31	1.78	13.16	-7.48
Other Operating Activities	-36.25	1.59	2.03	5.42	3.91
Change in Accounts Receivable	-	4.45	9.15	-3.85	-10.07
Change in Inventory	-	0.7	2.73	0.23	-5.22
Change in Other Net Operating Assets	-	-4.13	63.74	0.75	-5.83
Operating Cash Flow	10.54	13.53	30.03	28.45	-4.7
Operating Cash Flow Growth	-22.10%	-54.94%	5.55%	-	-
Capital Expenditures	-	-1.56	-3.7	-5.9	-2.57
Sale of Property, Plant & Equipment	-	9.29	13.1	9.65	3.76
Other Investing Activities	8.75	-2.76	-2.96	-10.35	0.02
Investing Cash Flow	8.75	4.97	6.44	-6.6	1.21
Long-Term Debt Issued	-	1.09	5.9	9.68	0.78
Long-Term Debt Repaid	-	-15.44	-30.63	-28.45	-16.97
Net Debt Issued (Repaid)	-	-14.36	-24.73	-18.77	-16.19
Other Financing Activities	-16.45	-4.07	-5.47	-4.61	-3.03
Financing Cash Flow	-16.45	-18.42	-30.21	-23.38	-19.23
Foreign Exchange Rate Adjustments	-	-0.01	-0.05	0.04	-0.5
Miscellaneous Cash Flow Adjustments	0.1	-	-	-	-
Net Cash Flow	2.95	0.07	6.21	-1.49	-23.22
Free Cash Flow	10.54	11.97	26.34	22.55	-7.27
Free Cash Flow Growth	-11.95%	-54.54%	16.76%	-	-
Free Cash Flow Margin	10.15%	11.07%	20.91%	14.36%	-4.44%
Free Cash Flow Per Share	0.31	0.35	0.77	0.66	-0.21
Cash Interest Paid	-	4.07	5.47	4.61	3.03
Cash Income Tax Paid	-	1.29	1.56	0.69	0.1
Levered Free Cash Flow	-4.18	5.81	83.08	26.67	-0.73
Unlevered Free Cash Flow	-2.5	8.29	86.45	29.55	0.8
Change in Working Capital	-	1.02	75.62	-2.87	-21.13