KGHM Polska Miedz 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	3,687	2,868	-3,698	4,772	6,156
Depreciation & Amortization	2,366	2,006	2,311	2,239	2,123
Loss (Gain) From Sale of Assets	-51	25	21	-288	-58
Asset Writedown & Restructuring Costs	382	238	3,980	144	334
Loss (Gain) on Equity Investments	-1,860	-	-	-	-
Other Operating Activities	2,330	654	-263	-1,213	858
Change in Accounts Receivable	-582	-399	209	-156	-137
Change in Inventory	-1,273	702	693	-2,343	-1,933
Change in Accounts Payable	113	-171	31	259	417
Change in Other Net Operating Assets	-593	-1,007	2,868	-77	-1,114
Operating Cash Flow	4,035	4,690	6,051	2,464	4,266
Operating Cash Flow Growth	-13.97%	-22.49%	145.58%	-42.24%	-24.58%
Capital Expenditures	-5,528	-5,886	-4,932	-4,132	-3,904
Sale of Property, Plant & Equipment	50	46	41	394	98
Cash Acquisitions	-	-63	-7	-	-
Divestitures	13	-	-	243	-
Investment in Securities	-	-	2	26	29
Other Investing Activities	1,144	397	98	774	1,251
Investing Cash Flow	-4,321	-5,506	-4,798	-2,695	-2,526
Long-Term Debt Issued	2,556	2,940	1,673	677	358
Long-Term Debt Repaid	-2,629	-2,651	-2,134	-484	-2,145
Net Debt Issued (Repaid)	-73	289	-461	193	-1,787
Common Dividends Paid	-	-300	-200	-600	-300
Other Financing Activities	-38	-206	-86	-39	-113
Financing Cash Flow	-111	-217	-747	-446	-2,200
Foreign Exchange Rate Adjustments	125	19	23	-27	-158
Net Cash Flow	-272	-1,014	529	-704	-618
Free Cash Flow	-1,493	-1,196	1,119	-1,668	362
Free Cash Flow Growth	-	-	-	-	-83.46%
Free Cash Flow Margin	-4.11%	-3.39%	3.34%	-4.93%	1.21%
Free Cash Flow Per Share	-7.46	-5.98	5.59	-8.34	1.81
Cash Interest Paid	120	202	81	92	94
Cash Income Tax Paid	915	413	1,646	1,696	740
Levered Free Cash Flow	-1,074	-1,692	767.25	-2,779	-569.63
Unlevered Free Cash Flow	-1,013	-1,592	814.75	-2,767	-510.88
Change in Working Capital	-2,335	-875	3,801	-2,317	-2,767

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