ML System S.A. (WSE:MLS)

ML System Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-68.37	-40.8	-15.35	0.22	1.75	10.18
Depreciation & Amortization	24.26	27.24	22.6	29.41	21.22	11.34
Loss (Gain) From Sale of Assets	-0.13	-3.68	-0.68	-0.04	-0.51	0
Stock-Based Compensation	-	-	-	-	-	0.81
Other Operating Activities	22.49	23.72	7.65	6.18	-1.23	-0.52
Change in Accounts Receivable	4.18	34.81	3.51	-17.33	-0.51	-17.94
Change in Inventory	6.79	6.85	30.6	-12.52	-19.25	-28.3
Change in Other Net Operating Assets	32.52	-10.55	-42.14	4.4	8.73	2.53
Operating Cash Flow	21.95	37.59	6.19	10.32	10.21	-21.91
Operating Cash Flow Growth	-	507.66%	-40.06%	1.13%	-	-
Capital Expenditures	-7.8	-41.18	-175.18	-46.01	-58.81	-53.18
Sale of Property, Plant & Equipment	0.26	31.08	3.54	0.16	3.45	4.16
Investing Cash Flow	-7.54	-10.1	-171.64	-45.85	-55.37	-49.02
Long-Term Debt Issued	-	9.5	73.37	121.09	128.11	58.46
Long-Term Debt Repaid	-	-49.68	-45.01	-96.78	-110.51	-49.66
Net Debt Issued (Repaid)	-9.31	-40.18	28.36	24.31	17.6	8.8
Issuance of Common Stock	-	-	58.36	-	0.1	58.4
Other Financing Activities	-8.78	-2.06	72.38	13.53	31.67	9.13
Financing Cash Flow	-18.1	-42.24	159.11	37.85	49.37	76.33
Net Cash Flow	-3.69	-14.74	-6.34	2.31	4.21	5.4
Free Cash Flow	14.15	-3.59	-168.99	-35.69	-48.61	-75.09
Free Cash Flow Margin	11.15%	-2.21%	-89.26%	-12.67%	-25.75%	-59.00%
Free Cash Flow Per Share	1.92	-0.49	-24.21	-5.50	-7.61	-12.31
Cash Interest Paid	8.91	10.43	7.42	6.14	1.38	1.11
Cash Income Tax Paid	-	-	0.03	0.67	-0.86	-
Levered Free Cash Flow	36.28	-9.74	-131.84	-28.51	-27.78	-74.72
Unlevered Free Cash Flow	42.76	-3.22	-127.21	-24.65	-26.95	-73.97
Change in Working Capital	43.49	31.1	-8.03	-25.45	-11.03	-43.72

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.