MLP Group 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	458.99	372.19	-52.06	422.39	480.47
Depreciation & Amortization	-	1.91	0.68	0.43	0.15
Gain (Loss) on Sale of Assets	-	-	0.04	-	-
Asset Writedown	-	-359.38	257.68	-455.57	-540.32
Change in Accounts Receivable	-	-60.01	27.5	-13.38	23.82
Change in Other Net Operating Assets	-	3.19	19.58	59.4	59.69
Other Operating Activities	-225.18	133.78	-76.01	151.36	140.94
Operating Cash Flow	233.82	92.19	176.91	164.65	164.74
Operating Cash Flow Growth	153.63%	-47.89%	7.44%	-0.05%	77.64%
Acquisition of Real Estate Assets	-	-695.41	-482.04	-581.3	-533.29
Sale of Real Estate Assets	-	-	-	-	0.03
Net Sale / Acq. of Real Estate Assets	-	-695.41	-482.04	-581.3	-533.26
Investment in Marketable & Equity Securities	-	-	-	70.83	-51.22
Other Investing Activities	-593.78	10.34	-4.72	-0.96	5.31
Investing Cash Flow	-593.78	-685.07	-486.87	-508.61	-569.83
Long-Term Debt Issued	-	1,657	721.16	468.66	556.39
Long-Term Debt Repaid	-	-627.15	-313.81	-135.48	-224.76
Net Debt Issued (Repaid)	-	1,029	407.35	333.18	331.63
Issuance of Common Stock	-	-	-	181.98	123.59
Other Financing Activities	-192.17	-117.3	-71.63	-37.87	-33.74
Foreign Exchange Rate Adjustments	-	4.62	3.29	4.64	-2.17
Net Cash Flow	-552.13	323.81	29.05	137.97	14.23
Cash Interest Paid	-	141.72	71.59	37.87	33.74
Cash Income Tax Paid	-	11.32	24.03	7.06	7.22
Levered Free Cash Flow	285.5	-53.32	62.22	109.38	112.93
Unlevered Free Cash Flow	285.5	26.97	93.23	134.53	132.5
Change in Working Capital	-	-56.32	46.57	46.05	83.5

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