KGL SA 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	-19.56	-20.69	-3.21	23.2	-18.45	7.05
Depreciation & Amortization	28.47	28.92	28.52	27.75	27.31	25.74
Other Adjustments	14.87	13.9	6.82	11.65	14.91	1.37
Change in Receivables	7.56	4.98	-2.67	0.91	12.13	-10.61
Changes in Inventories	21.13	6.79	-3.51	13.62	5.94	-40.52
Changes in Accounts Payable	-7.96	-0.91	0.53	-19.88	-23.54	49.74
Changes in Accrued Expenses	-0.09	-0.1	-0.01	-0.38	-0.42	-0.45
Operating Cash Flow	44.42	32.9	26.48	56.87	17.88	32.32
Operating Cash Flow Growth	167.86%	24.23%	-53.43%	218.06%	-44.68%	-32.15%
Capital Expenditures	8.86	9.36	12.03	9.95	8.78	11.14
Sale of Property, Plant & Equipment	13.68	13.51	1.41	42.76	0.29	0.29
Investing Cash Flow	4.82	4.14	-10.62	32.81	-8.48	-10.85
Long-Term Debt Issued	-3.67	0	17.14	0	14.68	29.47
Long-Term Debt Repaid	6.58	0.91	0	54.84	5.74	5.55
Net Long-Term Debt Issued (Repaid)	2.91	0.91	17.14	54.84	20.42	35.03
Repurchase of Common Stock	-	-	-	0	0.26	0.54
Net Common Stock Issued (Repurchased)	-	-	-	0	0.26	0.54
Common Dividends Paid	-	7.05	3.54	0	0	2.5
Other Financing Activities	29.22	29.48	32.9	39.25	39.84	28.16
Financing Cash Flow	-46.49	-37.43	-15.45	-87.79	-27.84	-5.09
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.01	0	0.05	-0.03	0.03	-0.13
Net Cash Flow	2.75	-0.38	0.47	1.86	-18.41	16.25
Free Cash Flow	53.27	42.26	38.51	66.81	26.66	43.46
Free Cash Flow Growth	105.23%	9.75%	-42.37%	150.65%	-38.66%	-52.81%
FCF Margin	12.39%	8.01%	7.24%	11.88%	4.09%	7.55%
Free Cash Flow Per Share	7.55	5.99	5.45	9.44	3.75	6.10
Levered Free Cash Flow	35.41	26.59	50.91	104.19	21.52	85.93
Unlevered Free Cash Flow	46.82	38.1	48.82	58.75	17.84	54.2