Ifirma 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	11.81	13.02	8.4	8.01	7.46	5.28
Depreciation & Amortization	0.51	0.47	0.56	0.61	0.58	0.71
Other Adjustments	0.11	0.12	-1.03	-0.64	-0.12	0.18
Change in Receivables	-0.48	-0.07	-0.69	-0.87	-1.12	-0.57
Changes in Inventories	-	-0.52	0.01	-0.01	0	0
Changes in Accounts Payable	0.38	-0.42	0.67	1.01	0.89	1
Changes in Other Operating Activities	-0.03	0.05	-0.15	0.01	-0.29	1.09
Operating Cash Flow	12.31	12.64	7.76	8.13	7.41	7.69
Operating Cash Flow Growth	18.38%	62.87%	-4.55%	9.82%	-3.72%	148.26%
Capital Expenditures	-1.36	-0.5	-0.36	-0.37	-0.8	-0.62
Sale of Property, Plant & Equipment	0	0	0.01	0	0	0.04
Purchases of Investments	-13.1	-11.07	-13.57	-17.3	-13	0
Proceeds from Sale of Investments	11.91	10.88	12.28	16.83	0	0
Other Investing Activities	-0.23	-0.02	-0	-0	0	3.41
Investing Cash Flow	-2.56	-0.71	-1.64	-0.85	-11.6	2.84
Common Dividends Paid	-11.33	-10.88	-6.59	-8.96	-6.27	-2.5
Financing Cash Flow	-11.33	-10.88	-6.59	-8.96	-6.27	-2.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0	0	-0.03	-0	-0
Net Cash Flow	-1.58	1.05	-0.47	-1.67	-10.47	8.03
Free Cash Flow	10.95	12.14	7.41	7.76	6.61	7.08
Free Cash Flow Growth	9.29%	63.92%	-4.59%	17.50%	-6.66%	226.68%
FCF Margin	13.89%	19.15%	12.71%	15.14%	15.34%	21.15%
Free Cash Flow Per Share	1.71	1.90	1.16	1.21	1.03	1.11
Levered Free Cash Flow	11.31	12.09	9.13	9.26	7.84	7.47
Unlevered Free Cash Flow	10.76	11.49	8.37	8.47	7.65	7.49