Polimex-Mostostal 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	13,431	-348.58	-123.21	132.41	89.99
Depreciation & Amortization	-	48.43	43.72	40.15	36.86
Loss (Gain) From Sale of Assets	-	5.58	-17.72	-0.82	-15.42
Loss (Gain) on Equity Investments	-	-	-	-0.12	-0.11
Other Operating Activities	13,316	-121.87	-9.2	46.19	17.22
Change in Accounts Receivable	-	93.52	-176.92	-264.6	207.15
Change in Inventory	-	-5.6	65.8	-34.3	-86.65
Change in Other Net Operating Assets	-	591.92	-150.87	198.15	296.42
Operating Cash Flow	26,747	263.4	-368.39	117.06	545.45
Operating Cash Flow Growth	10054.33%	-	-	-78.54%	204.31%
Capital Expenditures	-	-34.66	-35.89	-20.35	-19.58
Sale of Property, Plant & Equipment	-	38.78	0.92	13.42	3.01
Cash Acquisitions	-	-	-	-	-0.36
Investment in Securities	-	-1.5	-0.09	-0.47	7.26
Other Investing Activities	-5,061	0.31	0.02	0.02	0.04
Investing Cash Flow	-5,061	2.88	-37.03	-7.39	-9.64
Long-Term Debt Issued	-	0	0.95	1.74	68.55
Long-Term Debt Repaid	-	-86.4	-35.94	-31.68	-82.4
Net Debt Issued (Repaid)	-	-86.4	-34.99	-29.94	-13.86
Other Financing Activities	-5,998	-17.19	-16.57	-12.72	-6.18
Financing Cash Flow	-5,998	-103.59	-51.56	-42.66	-20.04
Net Cash Flow	15,689	162.7	-456.98	67.01	515.78
Free Cash Flow	26,747	228.74	-404.28	96.72	525.87
Free Cash Flow Growth	11593.11%	-	-	-81.61%	213.90%
Free Cash Flow Margin	647.54%	8.01%	-13.41%	2.56%	22.82%
Free Cash Flow Per Share	107.02	0.94	-1.68	0.35	1.91
Cash Interest Paid	-	15.57	15.07	12.17	6.39
Cash Income Tax Paid	-	63.88	6.95	17.55	11.84
Levered Free Cash Flow	11,017	404.37	-375.38	45.46	494.6
Unlevered Free Cash Flow	11,017	420.53	-361.61	58.22	501.55
Change in Working Capital	-	679.85	-261.99	-100.75	416.92

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