Polimex-Mostostal 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	59.94	-348.58	-123.21	132.41	89.99	66.23
Depreciation & Amortization	52.51	48.43	43.72	40.15	36.86	37.34
Loss (Gain) From Sale of Assets	-8.18	5.58	-17.72	-0.82	-15.42	1.59
Loss (Gain) on Equity Investments	-	-	-	-0.12	-0.11	-0.37
Other Operating Activities	45.96	-121.87	-9.2	46.19	17.22	17.59
Change in Accounts Receivable	285.35	93.52	-176.92	-264.6	207.15	-196.55
Change in Inventory	17.4	-5.6	65.8	-34.3	-86.65	1.5
Change in Other Net Operating Assets	-44.43	591.92	-150.87	198.15	296.42	251.91
Operating Cash Flow	408.54	263.4	-368.39	117.06	545.45	179.25
Operating Cash Flow Growth	23.23%	-	-	-78.54%	204.31%	1827.38%
Capital Expenditures	-36.13	-34.66	-35.89	-20.35	-19.58	-11.72
Sale of Property, Plant & Equipment	0.93	38.78	0.92	13.42	3.01	11.61
Cash Acquisitions	-	-	-	-	-0.36	-
Investment in Securities	-8.45	-1.5	-0.09	-0.47	7.26	-0.13
Other Investing Activities	0.33	0.31	0.02	0.02	0.04	-
Investing Cash Flow	-44.5	2.88	-37.03	-7.39	-9.64	-0.24
Long-Term Debt Issued	-	0	0.95	1.74	68.55	76.95
Long-Term Debt Repaid	-	-86.4	-35.94	-31.68	-82.4	-113.65
Net Debt Issued (Repaid)	-87.03	-86.4	-34.99	-29.94	-13.86	-36.71
Other Financing Activities	-9.58	-17.19	-16.57	-12.72	-6.18	-59.56
Financing Cash Flow	-96.61	-103.59	-51.56	-42.66	-20.04	-96.27
Net Cash Flow	267.43	162.7	-456.98	67.01	515.78	82.74
Free Cash Flow	372.41	228.74	-404.28	96.72	525.87	167.53
Free Cash Flow Growth	24.40%	-	-	-81.61%	213.90%	-
Free Cash Flow Margin	9.33%	8.01%	-13.41%	2.56%	22.82%	10.37%
Free Cash Flow Per Share	1.43	0.94	-1.68	0.35	1.91	0.59
Cash Interest Paid	8.22	15.57	15.07	12.17	6.39	59.56
Cash Income Tax Paid	2.17	63.88	6.95	17.55	11.84	16.29
Levered Free Cash Flow	256.04	404.37	-375.38	45.46	494.6	143.19
Unlevered Free Cash Flow	264.92	420.53	-361.61	58.22	501.55	159.89
Change in Working Capital	258.31	679.85	-261.99	-100.75	416.92	56.87

Source: S&P Global Market Intelligence. Standard template. Financial Sources.