mBank 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	3,791	3,544	2,243	24.05	-702.69	-1,179
Depreciation & Amortization	429.87	415.87	422.93	388.59	369.43	368.23
Other Amortization	259.88	259.88	191.27	144.55	129.28	100.36
Gain (Loss) on Sale of Assets	-151.63	-134.63	-49.3	-23.71	2.49	14.97
Change in Trading Asset Securities	-3,930	616.15	3,675	1,767	307.84	-3,506
Change in Other Net Operating Assets	-32,275	-28,284	-21,794	8,192	-10,059	-8,688
Other Operating Activities	413.86	-850.14	-1,627	-2,405	1,269	287.69
Operating Cash Flow	-31,462	-24,433	-16,938	8,087	-8,684	-12,602
Capital Expenditures	-955.12	-869.12	-903.16	-718.5	-563.11	-589.4
Sale of Property, Plant and Equipment	192.64	198.64	95.56	115.7	61.72	85.8
Cash Acquisitions	-	-	-62.29	-21.56	-	-14.6
Divestitures	5.78	5.78	-	-	0.12	5.15
Other Investing Activities	8.45	8.45	14.28	9.49	5.53	5.05
Investing Cash Flow	-748.26	-656.26	-855.61	-614.87	-495.74	-508.01
Long-Term Debt Issued	-	6,162	2,657	4,884	1,792	3,497
Long-Term Debt Repaid	-	-5,358	-1,619	-3,123	-5,482	-5,432
Net Debt Issued (Repaid)	2,753	804.17	1,038	1,761	-3,690	-1,935
Issuance of Common Stock	0.12	0.12	0.13	0.13	0.19	0.07
Repurchase of Common Stock	-159.45	-159.45	-	-	-	-
Net Increase (Decrease) in Deposit Accounts	36,530	28,371	15,404	11,412	16,670	23,406
Other Financing Activities	-104.86	-123.86	1,328	-192.48	-94.49	-59.69
Financing Cash Flow	39,019	28,892	17,769	12,981	12,886	21,411
Foreign Exchange Rate Adjustments	7.23	-1.77	2.46	-1.75	4.02	-9.65
Net Cash Flow	6,815	3,800	-21.5	20,451	3,710	8,292
Free Cash Flow	-32,417	-25,302	-17,841	7,369	-9,247	-13,191
Free Cash Flow Margin	-267.47%	-210.85%	-153.35%	73.72%	-125.25%	-241.51%
Free Cash Flow Per Share	-761.57	-594.48	-419.37	173.29	-218.07	-311.34
Cash Interest Paid	4,501	4,586	5,359	6,088	2,737	294.1
Cash Income Tax Paid	1,257	1,496	765	1,079	454.87	837.69

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