KRUK Spólka Akcyjna 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	1,096	1,085	1,074	983.93	804.98	694.76
Depreciation & Amortization	50.28	46.95	45.25	43.39	37.01	31.05
Other Amortization	18.43	18.43	17.23	14.91	14.18	17.31
Loss (Gain) From Sale of Assets	-3.21	-3.2	0.2	-16.29	-1.62	-0.46
Asset Writedown & Restructuring Costs	-	-	-	8	7.26	-
Stock-Based Compensation	24.09	24.04	16.81	21.95	27.69	18.58
Other Operating Activities	410.67	442.23	305.05	280.86	200.89	125.1
Change in Accounts Receivable	-17.96	-2.85	11.3	-29.22	3.76	-12.79
Change in Inventory	3.05	3.2	2.48	1.33	3.93	11.77
Change in Accounts Payable	27.32	-21.89	4.18	62.18	-4.72	50.97
Change in Other Net Operating Assets	-1,635	-1,298	-1,975	-2,156	-1,661	-1,225
Operating Cash Flow	-27.25	293.33	-499.14	-785.25	-567.77	-288.8
Capital Expenditures	-102.26	-93.36	-43.18	-42.62	-34.26	-16.07
Sale of Property, Plant & Equipment	1.35	1.44	0.56	1.03	1.27	2.41
Divestitures	5.65	5.65	-	16.78	-	-
Other Investing Activities	2.61	2.34	6.21	1.49	0.71	0.05
Investing Cash Flow	-92.65	-83.93	-36.41	-23.33	-32.27	-13.61
Long-Term Debt Issued	-	3,484	3,303	4,139	2,926	2,430
Long-Term Debt Repaid	-	-2,951	-2,211	-2,558	-1,880	-1,794
Net Debt Issued (Repaid)	983.63	532.29	1,092	1,581	1,046	635.63
Issuance of Common Stock	23.93	27.55	15.65	-	25.55	22.84
Common Dividends Paid	-349.25	-349.25	-347.74	-289.78	-248.66	-206.14
Other Financing Activities	-400.26	-422.14	-398.19	-296.66	-220.01	-96.3
Financing Cash Flow	258.04	-211.56	361.87	994.88	603.04	356.02
Net Cash Flow	138.14	-2.16	-173.67	186.3	3	53.61
Free Cash Flow	-129.51	199.97	-542.32	-827.87	-602.03	-304.87
Free Cash Flow Margin	-4.97%	7.87%	-24.62%	-46.13%	-40.36%	-25.61%
Free Cash Flow Per Share	-6.30	9.77	-26.48	-40.70	-30.45	-15.71
Cash Interest Paid	577.27	568.41	528.42	371.08	244.19	95.86
Cash Income Tax Paid	83.83	51.17	34.48	62.36	36.97	39.76
Levered Free Cash Flow	343.34	865.44	449.15	891.66	758.33	758.83
Unlevered Free Cash Flow	650.74	1,170	728.42	1,115	883.8	810.21
Change in Working Capital	-1,622	-1,319	-1,957	-2,122	-1,658	-1,175

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