Shoper 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	43.08	37.51	26.09	18.15	25.32
Depreciation & Amortization	21.01	10.34	9.55	6.71	2.93
Other Amortization	-	6.1	4.35	2.93	2.18
Loss (Gain) From Sale of Assets	-	-0.02	-0.02	-	-0.02
Loss (Gain) From Sale of Investments	-	1.27	0.29	0.55	-10.16
Stock-Based Compensation	-	4.64	4.87	3.05	-
Other Operating Activities	11.66	0.94	-4.97	-2.29	2.51
Change in Accounts Receivable	-	-2.57	1.07	0.65	-1.53
Change in Inventory	-	-	-	-	-0.01
Change in Other Net Operating Assets	-	2.39	4.57	4.22	4.08
Operating Cash Flow	75.75	60.59	45.8	33.97	25.29
Operating Cash Flow Growth	25.04%	32.27%	34.85%	34.31%	31.90%
Capital Expenditures	-	-1.98	-1.64	-4	-1.28
Sale of Property, Plant & Equipment	-	0.04	0.06	-	0.02
Cash Acquisitions	-	-2.42	-4.7	-18.25	-0.99
Divestitures	-	-	-	-	11.61
Sale (Purchase) of Intangibles	-	-12.57	-10.02	-7.4	-17.06
Other Investing Activities	-30.04	-	-	-	0.03
Investing Cash Flow	-30.04	-16.93	-16.31	-29.64	-7.67
Short-Term Debt Issued	-	-	-	14.98	-
Total Debt Issued	-	-	-	14.98	-
Short-Term Debt Repaid	-	-	-6.57	-8.43	-
Long-Term Debt Repaid	-	-4.29	-3.78	-2.32	-1.4
Total Debt Repaid	-	-4.29	-10.35	-10.75	-1.4
Net Debt Issued (Repaid)	-	-4.29	-10.35	4.23	-1.4
Common Dividends Paid	-	-18.85	-12.93	-20.36	-12.57
Other Financing Activities	-35.17	-0.56	-0.8	-0.64	-0.13
Financing Cash Flow	-35.17	-23.7	-24.07	-16.78	-14.1
Foreign Exchange Rate Adjustments	-	0.01	0	-0	-0.21
Net Cash Flow	10.54	19.96	5.43	-12.46	3.31
Free Cash Flow	75.75	58.61	44.16	29.97	24.01
Free Cash Flow Growth	29.26%	32.72%	47.34%	24.84%	29.01%
Free Cash Flow Margin	34.75%	30.40%	28.94%	24.31%	29.94%
Free Cash Flow Per Share	-	2.02	1.53	1.05	0.84
Cash Interest Paid	-	0.56	0.8	0.64	0.13
Cash Income Tax Paid	-	8.84	8.14	8.38	4.06
Levered Free Cash Flow	39.21	50.47	19.58	19.75	10.55
Unlevered Free Cash Flow	39.21	52.89	21	20.82	10.72
Change in Working Capital	-	-0.18	5.64	4.87	2.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.