WSE:SKA 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	74.65	69.35	77.63	36.68	59.71	77.96
Depreciation & Amortization	38.17	37.58	38.33	36.69	35.91	33.56
Other Amortization	0.02	0.02	0.08	0.07	0.05	0.05
Loss (Gain) From Sale of Assets	-0.44	0.09	-2.18	-0.15	-0.72	-0.12
Loss (Gain) on Equity Investments	-0.1	-0.25	-0.37	-0.13	-0.38	-0.55
Other Operating Activities	21.98	21.61	15.7	9.72	0.95	5.85
Change in Accounts Receivable	-14.29	6.65	-0.42	2.65	40.98	2.37
Change in Inventory	14.65	13.76	5.16	8.77	-30.77	1.33
Change in Other Net Operating Assets	11.79	-30.34	14.27	3.87	18.39	0.24
Operating Cash Flow	146.43	118.47	148.19	98.17	124.12	120.69
Operating Cash Flow Growth	160.08%	-20.06%	50.96%	-20.91%	2.84%	21.72%
Capital Expenditures	-20.72	-37.03	-32.23	-53.28	-110.49	-126.84
Sale of Property, Plant & Equipment	5.34	1.8	2.94	5.81	1.84	1.94
Cash Acquisitions	-	-	-	-0.13	-	-0.04
Divestitures	-	-	0.16	0.12	0.12	0.12
Other Investing Activities	-0.01	0.04	-	-	-	-
Investing Cash Flow	-15.39	-35.19	-29.13	-47.47	-108.53	-124.81
Long-Term Debt Issued	-	64.19	183.33	393.88	208.17	89.24
Long-Term Debt Repaid	-	-86.99	-201.84	-382.54	-166.84	-60.72
Net Debt Issued (Repaid)	-112.08	-22.8	-18.51	11.34	41.33	28.51
Common Dividends Paid	-42.93	-45.44	-30.05	-34.39	-53.22	-38
Other Financing Activities	-14.87	-21.11	-22.65	-20.72	-4.22	-3.31
Financing Cash Flow	-169.88	-89.35	-71.21	-43.77	-16.11	-12.8
Foreign Exchange Rate Adjustments	0.34	-3.97	-2.11	-3.21	1.2	-3.9
Net Cash Flow	-38.5	-10.04	45.75	3.73	0.68	-20.82
Free Cash Flow	125.71	81.45	115.97	44.89	13.64	-6.15
Free Cash Flow Growth	861.28%	-29.77%	158.32%	229.22%	-	-
Free Cash Flow Margin	16.00%	10.20%	13.52%	5.67%	1.72%	-0.75%
Free Cash Flow Per Share	9.96	6.46	9.19	3.56	1.08	-0.49
Cash Interest Paid	14.87	21.11	22.65	20.72	4.22	3.31
Cash Income Tax Paid	12.58	16.38	31.67	23.81	17.44	20.32
Levered Free Cash Flow	75.89	30.96	63.55	18.99	5.23	-4.47
Unlevered Free Cash Flow	87.09	44.86	79.12	32.69	6.56	-2.9
Change in Working Capital	12.15	-9.93	19	15.29	28.6	3.94

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