Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (WSE:KGN)
Poland · Delayed Price · Currency is PLN 77.00
+2.20 (2.94%)
Sep 25, 2026, 11:19 AM CET
WSE:KGN Cash Flow Statement
Financials in millions PLN. Fiscal year is January - December.
Millions PLN. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 334.29 | 277.02 | 201.76 | 255.7 | 149.53 | 56.25 |
Depreciation & Amortization | 252.82 | 233.93 | 228.41 | 210.12 | 198.25 | 185.93 |
Loss (Gain) on Sale of Assets | -1.24 | 3.3 | 0.14 | 2.13 | -0.28 | -0.6 |
Asset Writedown | 0.56 | 0.56 | 0.08 | -0.47 | 4.75 | - |
Change in Accounts Receivable | 1.38 | -60.48 | 171.15 | -298.27 | 27.85 | -97.93 |
Change in Inventory | 11.74 | 32.78 | 100.65 | -115.26 | -30.06 | 56.33 |
Change in Accounts Payable | 20.74 | -67.46 | 284.36 | 880.98 | -110.93 | 260.09 |
Change in Unearned Revenue | -6.89 | -6.5 | -6.33 | -6.79 | -7.08 | -5.74 |
Change in Other Net Operating Assets | 78.33 | 342.97 | -24.96 | -277.73 | 220.13 | -155.34 |
Other Operating Activities | -25.72 | 47.9 | -104.53 | -38.5 | -26.6 | -18.75 |
Operating Cash Flow | 666 | 804.02 | 850.72 | 611.91 | 425.56 | 280.25 |
Operating Cash Flow Growth | -10.05% | -5.49% | 39.03% | 43.79% | 51.85% | 81.53% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -265.01 | -321.82 | -284.2 | - | -548.54 | -324.84 |
Sale of Property, Plant & Equipment | 2.08 | 2.23 | 0.21 | 0.3 | 4.1 | 0.62 |
Sale (Purchase) of Intangibles | - | - | - | -585.42 | - | - |
Investment in Securities | - | - | - | -10.01 | 0.08 | -0.02 |
Other Investing Activities | -351.26 | 2.5 | -87.39 | -322.4 | -85.33 | -14.9 |
Investing Cash Flow | -614.19 | -317.09 | -371.38 | -917.53 | -629.69 | -339.14 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | - | 8.05 | 311.42 | 21.29 | - |
Long-Term Debt Repaid | - | -463.34 | -471.51 | -10.1 | -7.51 | -3.03 |
Lease Payments | -11.83 | -11.64 | -11.29 | -10.1 | -7.51 | -3.03 |
Net Debt Issued (Repaid) | -43.52 | -463.34 | -463.46 | 301.32 | 13.79 | -3.03 |
Common Dividends Paid | - | - | - | - | -4.77 | - |
Other Financing Activities | -16.05 | -21.39 | -18.53 | 33.41 | 178.36 | 69.76 |
Financing Cash Flow | -59.57 | -484.72 | -481.99 | 334.73 | 187.38 | 66.73 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 Cash Flow | -7.76 | 2.21 | -2.65 | 29.11 | -16.75 | 7.84 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 400.99 | 482.2 | 566.52 | 611.91 | -122.98 | -44.59 |
Free Cash Flow Growth | -10.62% | -14.88% | -7.42% | - | - | - |
Free Cash Flow Margin | 13.94% | 17.96% | 22.12% | 19.34% | -6.79% | -3.11% |
Free Cash Flow Per Share | 26.91 | 32.36 | 38.02 | 41.07 | -8.25 | -2.99 |
Levered Free Cash Flow | -189.1 | -78.86 | 344.1 | -266.63 | 7.78 | 21.08 |
Unlevered Free Cash Flow | -177.26 | -69.57 | 346.73 | -262.25 | 10.17 | 22.76 |
Free Cash Flow After Leases | 389.16 | 470.56 | 555.23 | 601.81 | -130.49 | -47.62 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 15.94 | 21.27 | 24.29 | - | - | - |
Cash Income Tax Paid | 90.34 | -0.24 | 107.77 | 70.71 | 36.69 | 34.73 |
Change in Working Capital | 105.3 | 241.32 | 524.87 | 182.93 | 99.91 | 57.41 |