PCC Exol S.A. (WSE:PCX)

PCC Exol Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	44.94	37.93	35.59	42.19	119.63	58.05
Depreciation & Amortization	21.53	19.21	17.57	16.67	16.23	13.95
Loss (Gain) From Sale of Assets	0.1	0.1	-0.1	0.27	0.07	0.35
Other Operating Activities	19.85	24.96	15.22	-2.45	24.88	6.25
Change in Accounts Receivable	-59.47	-1.78	-12.38	44.87	-24.1	-52.39
Change in Inventory	6.1	5.54	-57.41	29.44	-20.78	-36.92
Change in Accounts Payable	2.77	-36.16	70.29	-25.18	2.86	34.09
Change in Unearned Revenue	-1.75	-1.51	1.82	-0.29	0.73	-1.48
Change in Other Net Operating Assets	46.06	4.64	-2.62	-4.13	0.94	-1.88
Operating Cash Flow	80.13	52.94	67.98	101.39	120.47	20.01
Operating Cash Flow Growth	243.63%	-22.12%	-32.95%	-15.84%	502.18%	-68.83%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-15.82	-18.57	-44.43	-53.65	-31.27	-38.85
Sale of Property, Plant & Equipment	0	0	0.15	0.22	0.03	0.08
Investment in Securities	-35.5	-31.25	-47.96	-14.56	-25.9	-4.11
Other Investing Activities	-0.02	-0.21	0.36	0.62	0.97	6.28
Investing Cash Flow	-51.34	-50.03	-91.88	-67.37	-56.17	-36.59

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	25	20	-	-	-
Long-Term Debt Issued	-	45.3	114.07	86.33	63.55	34.65
Total Debt Issued	51.48	70.3	134.07	86.33	63.55	34.65
Short-Term Debt Repaid	-	-25	-20	-	-	-
Long-Term Debt Repaid	-	-39.61	-46.78	-90.55	-80.61	-24.63
Total Debt Repaid	-63.7	-64.61	-66.78	-90.55	-80.61	-24.63
Net Debt Issued (Repaid)	-12.22	5.69	67.29	-4.22	-17.07	10.02
Issuance of Common Stock	-	-	-	-	0.66	0.83
Common Dividends Paid	-	-	-12.19	-17.41	-20.82	-29.38
Other Financing Activities	-19.24	-22.11	-20.02	-16.71	-14.99	-7.53
Financing Cash Flow	-31.47	-16.42	35.08	-38.35	-52.22	-26.07

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.09	0.02	0.02	0.06	-0.13	1.09
Net Cash Flow	-2.76	-13.48	11.21	-4.27	11.96	-41.56

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	64.31	34.37	23.55	47.74	89.2	-18.84
Free Cash Flow Growth	-	45.92%	-50.66%	-46.49%	-	-
Free Cash Flow Margin	5.62%	3.17%	2.48%	5.03%	7.55%	-2.33%
Free Cash Flow Per Share	0.37	0.20	0.14	0.27	0.51	-0.11
Levered Free Cash Flow	27.9	4.5	-5.33	31.72	47.27	-36.14
Unlevered Free Cash Flow	39.35	16.27	3.82	41.26	56.02	-32.82

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	19.24	22.11	20.02	16.71	14.99	7.79
Cash Income Tax Paid	3.1	3.91	6.57	25.81	18.2	11.88
Change in Working Capital	-6.3	-29.27	-0.31	44.71	-40.35	-58.59

Data Source: S&P Global Market Intelligence Last updated: Aug 19, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

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