mBank Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,243	24.05	-702.69	-1,179
Depreciation & Amortization	422.93	388.59	369.43	368.23
Other Amortization	191.27	144.55	129.28	100.36
Gain (Loss) on Sale of Assets	-49.3	-23.71	2.49	14.97
Change in Trading Asset Securities	3,675	1,767	307.84	-3,506
Change in Other Net Operating Assets	-21,794	8,192	-10,059	-8,688
Other Operating Activities	-1,627	-2,405	1,269	287.69
Operating Cash Flow	-16,938	8,087	-8,684	-12,602
Capital Expenditures	-903.16	-718.5	-563.11	-589.4
Sale of Property, Plant and Equipment	95.56	115.7	61.72	85.8
Cash Acquisitions	-62.29	-21.56	-	-14.6
Divestitures	-	-	0.12	5.15
Other Investing Activities	14.28	9.49	5.53	5.05
Investing Cash Flow	-855.61	-614.87	-495.74	-508.01
Long-Term Debt Issued	2,657	4,884	1,792	3,497
Long-Term Debt Repaid	-1,619	-3,123	-5,482	-5,432
Net Debt Issued (Repaid)	1,038	1,761	-3,690	-1,935
Issuance of Common Stock	0.13	0.13	0.19	0.07
Net Increase (Decrease) in Deposit Accounts	15,404	11,412	16,670	23,406
Other Financing Activities	1,328	-192.48	-94.49	-59.69
Financing Cash Flow	17,769	12,981	12,886	21,411
Foreign Exchange Rate Adjustments	2.46	-1.75	4.02	-9.65
Net Cash Flow	-21.5	20,451	3,710	8,292
Free Cash Flow	-17,841	7,369	-9,247	-13,191
Free Cash Flow Margin	-153.59%	73.72%	-125.25%	-241.51%
Free Cash Flow Per Share	-419.37	173.29	-218.07	-311.34
Cash Interest Paid	5,359	6,088	2,737	294.1
Cash Income Tax Paid	765	1,079	454.87	837.69

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