NTT System 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	33.92	21.25	24.56	16.5	17.91
Depreciation & Amortization	1	0.74	0.57	0.85	0.78
Loss (Gain) From Sale of Assets	-	-	-	-0.01	-0.03
Asset Writedown & Restructuring Costs	-0.18	-0.28	-0.63	-0.14	-0.32
Other Operating Activities	11.98	7.19	7.16	11.39	-1.67
Change in Accounts Receivable	-233.98	15.94	-107.87	14.8	-34.33
Change in Inventory	-59.73	3.28	14.56	-20.59	-50.48
Change in Accounts Payable	282.81	-46.17	56.28	-43.41	88.4
Change in Unearned Revenue	-1.21	-3.05	4.66	-0.37	0.17
Change in Other Net Operating Assets	-14.99	2.13	16.91	5.41	10.19
Operating Cash Flow	19.64	1.02	16.19	-15.57	30.62
Operating Cash Flow Growth	1830.88%	-93.72%	-	-	-
Capital Expenditures	-1.38	-2.14	-0.71	-0.28	-0.31
Sale of Property, Plant & Equipment	-	-	-	0.01	0.03
Investing Cash Flow	-1.38	-2.14	-0.71	-0.27	-0.29
Short-Term Debt Issued	-	20.88	-	37.52	-
Total Debt Issued	-	20.88	-	37.52	-
Short-Term Debt Repaid	-14.97	-	-16.47	-	-20.21
Total Debt Repaid	-14.97	-	-16.47	-	-20.21
Net Debt Issued (Repaid)	-14.97	20.88	-16.47	37.52	-20.21
Repurchase of Common Stock	-	-	-	-	-0.01
Common Dividends Paid	-1.9	-2.03	-	-4.06	-2.03
Other Financing Activities	-5.13	-8.17	-11.92	-7.52	-2.88
Financing Cash Flow	-22	10.67	-28.38	25.94	-25.14
Foreign Exchange Rate Adjustments	0.02	0.03	-0.02	0.36	0.17
Miscellaneous Cash Flow Adjustments	-	-	-	-0.36	-
Net Cash Flow	-3.72	9.58	-12.92	10.1	5.37
Free Cash Flow	18.26	-1.13	15.48	-15.85	30.31
Free Cash Flow Margin	1.31%	-0.08%	0.93%	-1.27%	2.63%
Free Cash Flow Per Share	1.35	-0.08	1.14	-1.17	2.24
Cash Interest Paid	5.13	8.17	11.92	9.14	2.88
Cash Income Tax Paid	3.01	5.81	10.34	1.62	7.75
Levered Free Cash Flow	4.43	-16.57	-3.31	-27.32	24.39
Unlevered Free Cash Flow	7.52	-11.71	3.94	-22.28	26.19
Change in Working Capital	-27.09	-27.87	-15.47	-44.17	13.96

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