NTT System 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	19.24	21.25	24.56	16.5	17.91	8.55
Depreciation & Amortization	0.91	0.74	0.57	0.85	0.78	0.54
Loss (Gain) From Sale of Assets	-	-	-	-0.01	-0.03	-0
Asset Writedown & Restructuring Costs	-0.28	-0.28	-0.63	-0.14	-0.32	0
Other Operating Activities	5.16	7.19	7.16	11.39	-1.67	1.06
Change in Accounts Receivable	54.78	15.94	-107.87	14.8	-34.33	-43.92
Change in Inventory	-14.34	3.28	14.56	-20.59	-50.48	-35.43
Change in Accounts Payable	12.66	-46.17	56.28	-43.41	88.4	44.64
Change in Unearned Revenue	-3.05	-3.05	4.66	-0.37	0.17	-4.33
Change in Other Net Operating Assets	-37.98	2.13	16.91	5.41	10.19	8.8
Operating Cash Flow	37.1	1.02	16.19	-15.57	30.62	-20.1
Operating Cash Flow Growth	635.15%	-93.72%	-	-	-	-
Capital Expenditures	-2.04	-2.14	-0.71	-0.28	-0.31	-0.74
Sale of Property, Plant & Equipment	-	-	-	0.01	0.03	0
Investing Cash Flow	-2.04	-2.14	-0.71	-0.27	-0.29	-0.73
Short-Term Debt Issued	-	20.88	-	37.52	-	27.19
Total Debt Issued	18.56	20.88	-	37.52	-	27.19
Short-Term Debt Repaid	-	-	-16.47	-	-20.21	-
Total Debt Repaid	-34.63	-	-16.47	-	-20.21	-
Net Debt Issued (Repaid)	-16.07	20.88	-16.47	37.52	-20.21	27.19
Repurchase of Common Stock	-	-	-	-	-0.01	-0.03
Common Dividends Paid	-1.9	-2.03	-	-4.06	-2.03	-0.95
Other Financing Activities	-5.2	-8.17	-11.92	-7.52	-2.88	-1.27
Financing Cash Flow	-23.17	10.67	-28.38	25.94	-25.14	24.94
Foreign Exchange Rate Adjustments	0.05	0.03	-0.02	0.36	0.17	-0.06
Miscellaneous Cash Flow Adjustments	-	-	-	-0.36	-	-
Net Cash Flow	11.95	9.58	-12.92	10.1	5.37	4.05
Free Cash Flow	35.06	-1.13	15.48	-15.85	30.31	-20.83
Free Cash Flow Growth	958.32%	-	-	-	-	-
Free Cash Flow Margin	2.78%	-0.08%	0.93%	-1.27%	2.63%	-2.63%
Free Cash Flow Per Share	2.59	-0.08	1.14	-1.17	2.24	-1.54
Cash Interest Paid	5.2	8.17	11.92	9.14	2.88	1.19
Cash Income Tax Paid	5.38	5.81	10.34	1.62	7.75	2.3
Levered Free Cash Flow	21.56	-16.57	-3.31	-27.32	24.39	-19.88
Unlevered Free Cash Flow	26.5	-11.71	3.94	-22.28	26.19	-19.14
Change in Working Capital	12.07	-27.87	-15.47	-44.17	13.96	-30.24

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