Lichthund 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 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-0.76	-0.91	-0.57
Depreciation & Amortization	0.04	0.04	0.05
Other Operating Activities	-0.23	-0.6	-0.27
Change in Accounts Receivable	-0.13	-0.09	-0.28
Change in Inventory	-2.84	-1.52	-0.17
Change in Other Net Operating Assets	-0.33	0.2	0.3
Operating Cash Flow	-4.26	-2.88	-0.94
Capital Expenditures	-0.05	-0.04	-0.05
Other Investing Activities	0.06	0.06	-
Investing Cash Flow	0.01	0.02	-0.05
Short-Term Debt Issued	-	-	0.35
Total Debt Issued	-	-	0.35
Short-Term Debt Repaid	-	-	-0.35
Total Debt Repaid	-	-	-0.35
Issuance of Common Stock	4.83	4.83	1.97
Other Financing Activities	0.01	-	-0.04
Financing Cash Flow	4.84	4.83	1.93
Net Cash Flow	0.59	1.98	0.94
Free Cash Flow	-4.31	-2.92	-0.99
Free Cash Flow Margin	-339.38%	-146.16%	-36.42%
Free Cash Flow Per Share	-7.40	-5.00	-
Cash Interest Paid	-	-	0.04
Levered Free Cash Flow	-	-2.01	-
Unlevered Free Cash Flow	-	-2.01	-
Change in Working Capital	-3.31	-1.41	-0.16

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