Lubawa Cash Flow Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	98.85	100.8	45.61	20.61	24.24	31.31
Depreciation & Amortization	14.22	11.63	11.12	11.2	11.15	10.46
Other Amortization	2.74	2.74	2.33	2.39	2	1.94
Loss (Gain) From Sale of Assets	0.65	0.29	0.34	-	-0.51	0.27
Asset Writedown & Restructuring Costs	-0.45	-	-0.35	-	-0.31	-0.24
Loss (Gain) From Sale of Investments	-1.08	-2.67	0.01	0.61	-0.01	0.03
Loss (Gain) on Equity Investments	-0.01	-0	0.03	0.04	0.01	-0.01
Other Operating Activities	2.51	5.85	2.63	0.72	-4.28	4.74
Change in Accounts Receivable	-6.7	-48.77	-31.94	18.1	0.95	1.57
Change in Inventory	1.94	-9.45	-11.62	-0.37	-18.87	-1.68
Change in Other Net Operating Assets	4.61	104.46	103.62	-37.46	15.02	-23.17
Operating Cash Flow	117.29	164.87	121.78	15.85	29.39	25.22
Operating Cash Flow Growth	19.46%	35.38%	668.54%	-46.08%	16.54%	24.03%
Capital Expenditures	-16.26	-13.97	-19.22	-20.99	-12.59	-13.99
Sale of Property, Plant & Equipment	0.15	0.08	4.97	1.88	4.23	5.75
Investment in Securities	-125	-76.17	-	-0.02	-0.12	0.76
Other Investing Activities	-0.77	0.92	-0.69	0.27	0.17	0.41
Investing Cash Flow	-141.93	-89.19	-14.94	-18.85	-8.37	-7.07
Long-Term Debt Issued	-	0.56	21.35	53.16	29.68	46.69
Long-Term Debt Repaid	-	-13.61	-39.71	-47.11	-59.34	-66.38
Net Debt Issued (Repaid)	-1.75	-13.06	-18.36	6.06	-29.66	-19.69
Other Financing Activities	-0.04	3.24	-1.86	-0.96	4.76	3.91
Financing Cash Flow	-1.78	-9.82	-20.22	5.1	-24.9	-15.79
Foreign Exchange Rate Adjustments	0	-0.01	-0.02	-0.02	0.48	-0.47
Net Cash Flow	-26.43	65.86	86.6	2.07	-3.41	1.89
Free Cash Flow	101.02	150.91	102.56	-5.14	16.8	11.23
Free Cash Flow Growth	19.37%	47.13%	-	-	49.59%	29.14%
Free Cash Flow Margin	17.84%	29.58%	27.16%	-1.55%	6.33%	4.72%
Free Cash Flow Per Share	0.67	1.00	0.68	-0.03	0.11	0.07
Cash Interest Paid	0.86	0.86	3.54	2.93	0.95	1.37
Cash Income Tax Paid	22.06	15.07	5.75	6.54	9.7	3.59
Levered Free Cash Flow	80.05	136.26	94.74	-11.26	12.67	3.11
Unlevered Free Cash Flow	80.64	136.82	96.14	-9.5	13.24	4.11
Change in Working Capital	-0.14	46.24	60.06	-19.73	-2.91	-23.28

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.