Photon Energy N.V. (WSE:PEN)
Poland · Delayed Price · Currency is PLN 1.350
+0.050 (3.85%)
Aug 21, 2026, 5:00 PM CET
Photon Energy Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | -15.38 | -17.4 | -13.12 | -15.68 | 6.31 | -6.4 |
Depreciation & Amortization | 10.07 | 10.08 | 10.26 | 10.54 | 8.47 | 10.08 |
Other Amortization | - | - | 0.64 | 0.51 | 0.48 | 0.59 |
Loss (Gain) on Sale of Investments | -0.1 | 0.22 | -0.07 | -0.19 | -1.03 | -2.19 |
Loss (Gain) on Equity Investments | 1.71 | 1.7 | -0.25 | -0.22 | -0.13 | -0.14 |
Asset Writedown | -0.3 | -0.28 | - | - | - | - |
Change in Accounts Receivable | 1.79 | 0.94 | -10.77 | 1.1 | -7.57 | -1.58 |
Change in Inventory | 0.46 | 2.45 | 7.35 | 5.9 | -17.89 | -1.19 |
Change in Accounts Payable | 10.63 | 8.22 | 9.83 | -3.99 | 9.69 | -2.35 |
Change in Other Net Operating Assets | -3.11 | -0.62 | 0.01 | -0.69 | -0.16 | -0.01 |
Other Operating Activities | 10.07 | 15.27 | 10.32 | 8.97 | 3.98 | 9.42 |
Operating Cash Flow | 15.84 | 20.57 | 14.32 | 7.21 | 2.85 | 6.22 |
Operating Cash Flow Growth | -19.79% | 43.66% | 98.47% | 153.39% | -54.24% | 3.65% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -2.54 | -7.46 | -6.98 | -23.28 | -27.58 | -8.62 |
Cash Acquisitions | - | - | -0.37 | -3.43 | -6.21 | - |
Divestitures | -0.25 | - | - | - | - | - |
Investment in Securities | 0.07 | 0.07 | 5.96 | - | -0.4 | -2.77 |
Other Investing Activities | - | - | - | - | - | -2.85 |
Investing Cash Flow | -2.72 | -7.39 | -1.39 | -26.71 | -33.43 | -14.23 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 6.59 | 11.36 | 41.21 | 51.59 | 71.51 |
Long-Term Debt Repaid | - | -13.46 | -9.21 | -14.87 | -31.04 | -41.76 |
Net Debt Issued (Repaid) | -5.59 | -6.87 | 2.15 | 26.34 | 20.55 | 29.75 |
Issuance of Common Stock | - | - | - | - | - | 7.75 |
Other Financing Activities | -9 | -11.51 | -12.47 | -12.28 | -11.2 | -6.88 |
Financing Cash Flow | -14.59 | -18.38 | -10.33 | 14.06 | 9.35 | 30.63 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Cash Flow | -1.48 | -5.19 | 2.6 | -5.43 | -21.24 | 22.61 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 13.29 | 13.11 | 7.34 | -16.07 | -24.73 | -2.4 |
Free Cash Flow Growth | 11.84% | 78.60% | - | - | - | - |
Free Cash Flow Margin | 14.46% | 13.83% | 8.10% | -22.75% | -25.99% | -6.59% |
Free Cash Flow Per Share | - | 0.22 | 0.12 | -0.27 | -0.44 | -0.04 |
Levered Free Cash Flow | 3.99 | 2.39 | 3.54 | -28.02 | -27.05 | -11.77 |
Unlevered Free Cash Flow | 11.22 | 9.36 | 10.76 | -20.88 | -21.26 | -7.66 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 10.43 | 10.43 | 11.54 | 11.43 | 8.28 | 6.08 |
Cash Income Tax Paid | 1.16 | 1.16 | -0.84 | 4.88 | 1.73 | 2.35 |
Change in Working Capital | 9.76 | 10.99 | 6.42 | 2.32 | -15.92 | -5.13 |