WSE:SKA 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	91.19	87.34	101.01	53.01	76.81
Depreciation & Amortization	38.37	37.6	38.41	36.76	35.96
Other Adjustments	11.09	19.84	21.44	16.92	0.2
Change in Receivables	-7	6.65	-0.42	2.65	40.98
Changes in Inventories	10.4	13.76	5.16	8.77	-30.77
Changes in Accounts Payable	9.3	-29.64	10.94	7.34	17.13
Changes in Accrued Expenses	2.47	-0.71	3.32	-3.47	1.26
Changes in Income Taxes Payable	-3.39	-16.38	-31.67	-23.81	-17.44
Operating Cash Flow	152.44	118.47	148.19	98.17	124.12
Operating Cash Flow Growth	28.68%	-20.06%	50.96%	-20.91%	2.84%
Capital Expenditures	-19.34	-37.03	-32.23	-53.28	-110.49
Sale of Property, Plant & Equipment	5	1.8	2.94	5.81	1.84
Cash Acquisitions	-0.07	-	-	-0.13	0
Proceeds from Business Divestments	-	-	0.16	0.12	0.12
Other Investing Activities	1.62	0.04	-	-	0
Investing Cash Flow	-12.79	-35.19	-29.13	-47.47	-108.53
Long-Term Debt Issued	56.94	64.19	183.33	393.88	208.17
Long-Term Debt Repaid	-177.48	-86.99	-201.84	-382.54	-166.84
Net Long-Term Debt Issued (Repaid)	-120.54	-22.8	-18.51	11.34	41.33
Common Dividends Paid	-	-	-	-	-53.22
Other Financing Activities	-	-	-	-	-4.22
Financing Cash Flow	-177.1	-89.35	-71.21	-43.77	-16.11
Foreign Exchange Rate Adjustments	-0.98	-3.97	-2.11	-3.21	1.2
Net Cash Flow	-38.43	-10.04	45.75	3.73	0.68
Free Cash Flow	133.1	81.45	115.97	44.89	13.64
Free Cash Flow Growth	63.42%	-29.77%	158.32%	229.22%	-
FCF Margin	17.23%	10.20%	13.52%	5.67%	1.72%
Free Cash Flow Per Share	10.55	6.45	9.19	3.56	1.08
Levered Free Cash Flow	-11.36	14.17	53.07	20.33	-3.31
Unlevered Free Cash Flow	123.17	54.47	93.94	26.36	-41.14