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	71.37	69.35	77.63	36.68	59.71
Depreciation & Amortization	-	37.58	38.33	36.69	35.91
Other Amortization	-	0.02	0.08	0.07	0.05
Loss (Gain) From Sale of Assets	-	0.09	-2.18	-0.15	-0.72
Loss (Gain) on Equity Investments	-	-0.25	-0.37	-0.13	-0.38
Other Operating Activities	65.89	21.61	15.7	9.72	0.95
Change in Accounts Receivable	-	6.65	-0.42	2.65	40.98
Change in Inventory	-	13.76	5.16	8.77	-30.77
Change in Other Net Operating Assets	15.17	-30.34	14.27	3.87	18.39
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	-14.34	-37.03	-32.23	-53.28	-110.49
Sale of Property, Plant & Equipment	-	1.8	2.94	5.81	1.84
Cash Acquisitions	-	-	-	-0.13	-
Divestitures	-	-	0.16	0.12	0.12
Other Investing Activities	1.55	0.04	-	-	-
Investing Cash Flow	-12.79	-35.19	-29.13	-47.47	-108.53
Long-Term Debt Issued	-	64.19	183.33	393.88	208.17
Long-Term Debt Repaid	-118.12	-86.99	-201.84	-382.54	-166.84
Net Debt Issued (Repaid)	-118.12	-22.8	-18.51	11.34	41.33
Common Dividends Paid	-42.61	-45.44	-30.05	-34.39	-53.22
Other Financing Activities	-16.38	-21.11	-22.65	-20.72	-4.22
Financing Cash Flow	-177.1	-89.35	-71.21	-43.77	-16.11
Foreign Exchange Rate Adjustments	-	-3.97	-2.11	-3.21	1.2
Net Cash Flow	-37.45	-10.04	45.75	3.73	0.68
Free Cash Flow	138.1	81.45	115.97	44.89	13.64
Free Cash Flow Growth	69.56%	-29.77%	158.32%	229.22%	-
Free Cash Flow Margin	17.88%	10.20%	13.52%	5.67%	1.72%
Free Cash Flow Per Share	10.95	6.46	9.19	3.56	1.08
Cash Interest Paid	13.96	21.11	22.65	20.72	4.22
Cash Income Tax Paid	3.39	16.38	31.67	23.81	17.44
Levered Free Cash Flow	71.11	30.96	63.55	18.99	5.23
Unlevered Free Cash Flow	79.9	44.86	79.12	32.69	6.56
Change in Working Capital	15.17	-9.93	19	15.29	28.6

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