S4E S.A. (WSE:S4E)

S4E S.A. Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	8.58	7.05	8	6.02	4.1
Depreciation & Amortization	1.36	0.98	1.08	1.13	1.34
Loss (Gain) From Sale of Assets	0.02	-0.05	-0.11	-0.04	-0.08
Other Operating Activities	-1.87	-4.32	-1.72	-0.55	0.09
Change in Accounts Receivable	23.05	-40.07	10.61	-56.74	-34.28
Change in Inventory	-8.08	0.03	15.58	-13.98	0.2
Change in Accounts Payable	4.41	49.72	-8.2	59.85	39.91
Change in Unearned Revenue	14.78	8.22	25.43	16.69	2.35
Change in Other Net Operating Assets	-12.64	-6.6	-19.3	-17.66	4.12
Operating Cash Flow	29.61	14.96	31.37	-5.28	17.75
Operating Cash Flow Growth	97.86%	-52.30%	-	-	496.50%
Capital Expenditures	-0.97	-0.12	-0.38	-0.45	-0.53
Sale of Property, Plant & Equipment	0.11	0.05	0.11	0.04	0.08
Other Investing Activities	1.11	0.91	0.05	-	-
Investing Cash Flow	0.25	0.84	-0.23	-0.41	-0.45
Short-Term Debt Repaid	-	-	-	-	-0.72
Long-Term Debt Repaid	-0.97	-0.57	-0.72	-0.96	-0.59
Total Debt Repaid	-0.97	-0.57	-0.72	-0.96	-1.3
Net Debt Issued (Repaid)	-0.97	-0.57	-0.72	-0.96	-1.3
Other Financing Activities	-0.09	-0.18	-0.3	-0.23	-0.06
Financing Cash Flow	-1.06	-0.75	-1.01	-1.19	-1.36
Foreign Exchange Rate Adjustments	-0.73	-0.32	-1.01	-	-
Net Cash Flow	28.06	14.74	29.12	-6.88	15.95
Free Cash Flow	28.64	14.85	30.99	-5.73	17.22
Free Cash Flow Growth	92.87%	-52.09%	-	-	556.14%
Free Cash Flow Margin	5.56%	3.23%	6.83%	-1.56%	6.93%
Free Cash Flow Per Share	16.50	8.55	17.84	-3.30	9.91
Cash Interest Paid	-	0.18	0.3	0.28	0.06
Cash Income Tax Paid	-	7.04	5.31	2.22	1.67
Levered Free Cash Flow	26.53	15.47	29.03	-6.09	16.72
Unlevered Free Cash Flow	26.69	15.59	29.37	-5.8	16.83
Change in Working Capital	21.52	11.31	24.11	-11.84	12.3

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