Lubelski Wegiel Bogdanka Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	263.19	-1,492	686.97	175.34	307.05
Depreciation & Amortization	-	398.3	456.88	397.86	429.56
Other Amortization	-	0.55	0.69	0.62	0.59
Loss (Gain) From Sale of Assets	-	60.33	67.89	49.16	36.34
Asset Writedown & Restructuring Costs	-	2,437	47.77	11.18	0.65
Other Operating Activities	323.98	-490.03	38.42	-58.9	-2.65
Change in Accounts Receivable	-	8.83	-379.6	114.42	-57.34
Change in Inventory	-	99.49	-138.62	-96.12	-8.62
Change in Accounts Payable	-	-41.44	284.05	19.56	57.4
Change in Other Net Operating Assets	-	62.23	60.14	11.26	22.92
Operating Cash Flow	587.17	1,043	1,125	624.38	785.9
Operating Cash Flow Growth	-43.72%	-7.23%	80.11%	-20.55%	64.77%
Capital Expenditures	-	-852.69	-768.23	-664.67	-402.04
Sale of Property, Plant & Equipment	-	0.04	0.62	0.41	0.1
Sale (Purchase) of Intangibles	-	-7	-12.27	-18.53	-9.6
Investment in Securities	-	-	-	2.27	-
Other Investing Activities	-1,098	31.87	15.04	29.14	-5.9
Investing Cash Flow	-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)	-	-11.35	-11.84	-12.78	-9.4
Common Dividends Paid	-	-85.03	-87.76	-85.03	-
Other Financing Activities	-8.79	-0.18	-0.49	-0.3	-0.5
Financing Cash Flow	-8.79	-96.56	-100.08	-98.11	-9.89
Net Cash Flow	-519.87	118.97	259.65	-125.12	358.57
Free Cash Flow	587.17	190.61	356.35	-40.29	383.86
Free Cash Flow Growth	208.05%	-46.51%	-	-	-
Free Cash Flow Margin	20.57%	5.20%	9.05%	-1.64%	15.67%
Free Cash Flow Per Share	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	-941.41	-24.77	36.16	-257.8	349.22
Unlevered Free Cash Flow	-941.41	-23.71	36.95	-257.26	349.92
Change in Working Capital	-	129.11	-174.04	49.12	14.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.