MLP Group 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	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	196.88	372.19	-52.06	422.39	480.47	170.37
Depreciation & Amortization	3.48	1.91	0.68	0.43	0.15	0.7
Gain (Loss) on Sale of Assets	-0.84	-	0.04	-	-	-
Asset Writedown	-205.77	-359.38	257.68	-455.57	-540.32	-213.33
Change in Accounts Receivable	-21.05	-60.01	27.5	-13.38	23.82	8.28
Change in Other Net Operating Assets	115.68	3.19	19.58	59.4	59.69	0.53
Other Operating Activities	188.25	133.78	-76.01	151.36	140.94	126.19
Operating Cash Flow	190.68	92.19	176.91	164.65	164.74	92.74
Operating Cash Flow Growth	16.42%	-47.89%	7.44%	-0.05%	77.64%	7.70%
Acquisition of Real Estate Assets	-762.39	-695.41	-482.04	-581.3	-533.29	-352.61
Sale of Real Estate Assets	-	-	-	-	0.03	-
Net Sale / Acq. of Real Estate Assets	-762.39	-695.41	-482.04	-581.3	-533.26	-352.61
Investment in Marketable & Equity Securities	-	-	-	70.83	-51.22	-20
Other Investing Activities	10.33	10.34	-4.72	-0.96	5.31	-16.19
Investing Cash Flow	-752.29	-685.07	-486.87	-508.61	-569.83	-393.41
Long-Term Debt Issued	-	1,657	721.16	468.66	556.39	291.1
Long-Term Debt Repaid	-	-627.15	-313.81	-135.48	-224.76	-23.96
Net Debt Issued (Repaid)	670.7	1,029	407.35	333.18	331.63	267.14
Issuance of Common Stock	-	-	-	181.98	123.59	110.13
Other Financing Activities	-145.98	-117.3	-71.63	-37.87	-33.74	-22.32
Foreign Exchange Rate Adjustments	5.95	4.62	3.29	4.64	-2.17	6.68
Net Cash Flow	-30.94	323.81	29.05	137.97	14.23	60.96
Cash Interest Paid	154.13	141.72	71.59	37.87	33.74	22.32
Cash Income Tax Paid	-	11.32	24.03	7.06	7.22	3.85
Levered Free Cash Flow	-93.62	-53.32	62.22	109.38	112.93	-38.9
Unlevered Free Cash Flow	0.75	26.97	93.23	134.53	132.5	-23.42
Change in Working Capital	8.68	-56.32	46.57	46.05	83.5	8.81

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.