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 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	534.17	458.99	372.19	-52.06	422.39	480.47
Depreciation & Amortization	3.89	3.32	1.91	0.68	0.43	0.15
Gain (Loss) on Sale of Assets	0.01	0.08	-	0.04	-	-
Asset Writedown	-650.58	-494.13	-359.38	257.68	-455.57	-540.32
Change in Accounts Receivable	-59.52	-5.12	-60.01	27.5	-13.38	23.82
Change in Accounts Payable	53.77	53.77	-	-	-	-
Change in Other Net Operating Assets	31.27	-3.76	3.19	19.58	59.4	59.69
Other Operating Activities	321.54	220.67	133.78	-76.01	151.36	140.94
Operating Cash Flow	234.55	233.82	92.19	176.91	164.65	164.74
Operating Cash Flow Growth	100.91%	153.63%	-47.89%	7.44%	-0.05%	77.64%
Acquisition of Real Estate Assets	-673.02	-591.12	-695.41	-482.04	-581.3	-533.29
Sale of Real Estate Assets	-	-	-	-	-	0.03
Net Sale / Acq. of Real Estate Assets	-673.02	-591.12	-695.41	-482.04	-581.3	-533.26
Investment in Marketable & Equity Securities	-	-	-	-	70.83	-51.22
Other Investing Activities	35.27	-1.99	10.34	-4.72	-0.96	5.31
Investing Cash Flow	-638.44	-593.78	-685.07	-486.87	-508.61	-569.83
Long-Term Debt Issued	-	176.21	1,657	721.16	468.66	556.39
Long-Term Debt Repaid	-	-217.92	-627.15	-313.81	-135.48	-224.76
Net Debt Issued (Repaid)	668.27	-41.71	1,029	407.35	333.18	331.63
Issuance of Common Stock	-	-	-	-	181.98	123.59
Other Financing Activities	-138.69	-150.46	-117.3	-71.63	-37.87	-33.74
Foreign Exchange Rate Adjustments	1.15	4.62	4.62	3.29	4.64	-2.17
Net Cash Flow	126.84	-547.52	323.81	29.05	137.97	14.23
Cash Interest Paid	157.26	157.26	141.72	71.59	37.87	33.74
Cash Income Tax Paid	12.36	12.36	11.32	24.03	7.06	7.22
Levered Free Cash Flow	47.95	93.6	-53.32	62.22	109.38	112.93
Unlevered Free Cash Flow	167.7	188.28	26.97	93.23	134.53	132.5
Change in Working Capital	25.52	44.89	-56.32	46.57	46.05	83.5

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