Lubelski Wegiel Bogdanka 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	-42.61	263.19	-1,492	686.97	175.34	307.05
Depreciation & Amortization	-1.25	-	398.3	456.88	397.86	429.56
Other Amortization	-	-	0.55	0.69	0.62	0.59
Loss (Gain) From Sale of Assets	14.61	-	60.33	67.89	49.16	36.34
Asset Writedown & Restructuring Costs	-	-	2,437	47.77	11.18	0.65
Other Operating Activities	318.7	323.98	-490.03	38.42	-58.9	-2.65
Change in Accounts Receivable	-72.89	-	8.83	-379.6	114.42	-57.34
Change in Inventory	88.34	-	99.49	-138.62	-96.12	-8.62
Change in Accounts Payable	86.81	-	-41.44	284.05	19.56	57.4
Change in Other Net Operating Assets	-66.79	-	62.23	60.14	11.26	22.92
Operating Cash Flow	324.92	587.17	1,043	1,125	624.38	785.9
Operating Cash Flow Growth	-72.88%	-43.72%	-7.23%	80.11%	-20.55%	64.77%
Capital Expenditures	-23.06	-	-852.69	-768.23	-664.67	-402.04
Sale of Property, Plant & Equipment	0.01	-	0.04	0.62	0.41	0.1
Sale (Purchase) of Intangibles	-3.72	-	-7	-12.27	-18.53	-9.6
Investment in Securities	409.35	-	-	-	2.27	-
Other Investing Activities	-1,106	-1,098	31.87	15.04	29.14	-5.9
Investing Cash Flow	-723.08	-1,098	-827.78	-764.84	-651.38	-417.44
Long-Term Debt Repaid	-	-	-11.35	-11.84	-12.78	-9.4
Net Debt Issued (Repaid)	0.07	-	-11.35	-11.84	-12.78	-9.4
Common Dividends Paid	-	-	-85.03	-87.76	-85.03	-
Other Financing Activities	-8.79	-8.79	-0.18	-0.49	-0.3	-0.5
Financing Cash Flow	-8.72	-8.79	-96.56	-100.08	-98.11	-9.89
Net Cash Flow	-406.87	-519.87	118.97	259.65	-125.12	358.57
Free Cash Flow	301.86	587.17	190.61	356.35	-40.29	383.86
Free Cash Flow Growth	-17.34%	208.05%	-46.51%	-	-	-
Free Cash Flow Margin	11.23%	20.57%	5.20%	9.05%	-1.64%	15.67%
Free Cash Flow Per Share	8.86	17.26	5.60	10.48	-1.19	11.29
Cash Interest Paid	-	-	0.05	0.2	0.3	0.41
Cash Income Tax Paid	-	-	113.73	104.46	73.52	92.48
Levered Free Cash Flow	-321.83	-941.41	-24.77	36.16	-257.8	349.22
Unlevered Free Cash Flow	-321.83	-941.41	-23.71	36.95	-257.26	349.92
Change in Working Capital	35.47	-	129.11	-174.04	49.12	14.36

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