Mennica Skarbowa 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	8.64	7.92	-8.72	21.5	21.68
Depreciation & Amortization	0.38	0.32	0.36	0.3	0.14
Change in Accounts Receivable	-15.69	23.57	-16.21	-6.08	-5.16
Change in Inventory	-26.74	0.65	30.78	27.36	-81.08
Change in Accounts Payable	43.5	-20.49	-9.41	-47.15	63.34
Change in Other Net Operating Assets	-0.52	0.44	-0.91	-0.17	-0.02
Operating Cash Flow	9.57	12.41	-4.11	-4.24	-1.1
Operating Cash Flow Growth	-22.90%	-	-	-	-
Capital Expenditures	-0.9	-1.06	-0.95	-0.23	-0.36
Sale (Purchase) of Real Estate	-	-	-	-	-0.44
Investing Cash Flow	-0.9	-1.06	-0.95	-0.01	-1.02
Short-Term Debt Issued	11.97	-	2.18	3.42	19.26
Total Debt Issued	11.97	-	2.18	3.42	19.26
Short-Term Debt Repaid	-	-5.15	-	-	-
Total Debt Repaid	-	-5.15	-	-	-
Net Debt Issued (Repaid)	11.97	-5.15	2.18	3.42	19.26
Repurchase of Common Stock	-7.75	-	-	-	-
Common Dividends Paid	-	-	-	-1.04	-10
Other Financing Activities	-2.59	-2.45	-3.21	-1.86	-
Financing Cash Flow	1.63	-7.6	-1.04	0.52	9.27
Net Cash Flow	10.3	3.75	-6.09	-3.72	7.15
Free Cash Flow	8.67	11.35	-5.06	-4.47	-1.46
Free Cash Flow Growth	-23.62%	-	-	-	-
Free Cash Flow Margin	0.63%	1.23%	-0.72%	-0.36%	-0.13%
Free Cash Flow Per Share	8.34	10.92	-4.86	-4.30	-1.40
Cash Interest Paid	2.59	2.45	3.21	1.86	-
Levered Free Cash Flow	6.75	6.91	-3.45	-6.45	-4.65
Unlevered Free Cash Flow	8.37	8.45	-1.44	-5.29	-4.54
Change in Working Capital	0.54	4.18	4.25	-26.04	-22.92

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