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Orlen S.A. (WSE:PKN)
Poland flag Poland · Delayed Price · Currency is PLN
130.14
-10.58 (-7.52%)
Nov 6, 2026, 5:03 PM CET

Orlen Cash Flow Statement

Millions PLN. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
16,1452,5312,82620,92239,67711,122
Depreciation & Amortization
15,21315,58215,16915,8537,6034,424
Loss (Gain) From Sale of Assets
-90-151-201-41230-15
Asset Writedown & Restructuring Costs
14,93814,93812,36014,5536,165106
Loss (Gain) From Sale of Investments
------169
Loss (Gain) on Equity Investments
-699-5251401,617-284-613
Other Operating Activities
12,50911,641-783-17,513-5,2342,882
Change in Accounts Receivable
-5,1822,5377,570-3,201-11,630-3,790
Change in Inventory
-6,2652,0757938,886-5,452-5,769
Change in Accounts Payable
2,504-1,864-1,299838--
Change in Other Net Operating Assets
----1,5635,117
Operating Cash Flow
49,52947,22036,63441,91432,63813,295
Operating Cash Flow Growth
11.33%28.90%-12.60%28.42%145.49%83.45%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-27,907-26,684-28,590-36,187-20,236-11,225
Sale of Property, Plant & Equipment
---1,11810395
Cash Acquisitions
-877-877-3,55053715,555-772
Sale (Purchase) of Intangibles
-3,247-3,247-2,347---
Investment in Securities
----1,1474,33527
Other Investing Activities
303914362984512,134
Investing Cash Flow
-31,728-30,717-34,051-36,409235-9,739

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-15,85312,9619,95411,77517,617
Long-Term Debt Repaid
--10,192-12,228-14,746-24,092-18,176
Lease Payments
-1,737-1,650-1,607-1,451-893-701
Net Debt Issued (Repaid)
4,6685,661733-4,792-12,317-559
Common Dividends Paid
-9,287-6,966-4,818-6,385-1,497-1,497
Other Financing Activities
-1,044124-676-880-75650
Financing Cash Flow
-5,663-1,181-4,761-12,057-14,570-2,006

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
32381-62-1,212-153106
Net Cash Flow
12,46115,403-2,240-7,76418,1501,656

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
21,62220,5368,0445,72712,4022,070
Free Cash Flow Growth
23.55%155.30%40.46%-53.82%499.13%-
Free Cash Flow Margin
7.10%7.67%2.73%1.54%4.39%1.58%
Free Cash Flow Per Share
18.6417.696.934.9310.684.84
Levered Free Cash Flow
14,6504,4112,0716,09114,968230
Unlevered Free Cash Flow
15,5725,2942,5815,65215,586538.75
Free Cash Flow After Leases
19,88518,8866,4374,27611,5091,369

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1,6031,2649501,048864151
Cash Income Tax Paid
6,2745,4285,12316,5985,0531,194
Change in Working Capital
-8,9432,7487,0646,523-15,519-4,442