Sonel 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	15.21	20.13	17.1	14.6	14.68	13.41
Depreciation & Amortization	6.67	5.27	3.65	2.68	2.39	2.16
Other Amortization	5.87	5.87	7.57	6.13	4.98	4.62
Loss (Gain) From Sale of Assets	-	-	-0.11	-0.11	-0	-0
Other Operating Activities	-6.62	4.82	3.74	-1.95	5.01	0.97
Change in Accounts Receivable	14.28	2.14	8.19	-8.08	-23.48	1.36
Change in Inventory	20.18	-26	5.46	-4.45	-25.52	6.81
Change in Accounts Payable	-24.11	8.17	-15.49	3.89	32.68	-2.68
Change in Other Net Operating Assets	-3.68	0.83	1.34	0.1	0.39	0.94
Operating Cash Flow	27.79	21.22	31.45	12.81	11.13	27.58
Operating Cash Flow Growth	28.55%	-32.52%	145.51%	15.11%	-59.65%	82.62%
Capital Expenditures	-9.59	-19.08	-14.21	-7.6	-11.27	-8.95
Sale of Property, Plant & Equipment	-	-	0.11	0.11	0	0.02
Other Investing Activities	-	-	0.01	-0.23	-0.1	0.04
Investing Cash Flow	-9.59	-19.08	-14.09	-7.72	-11.37	-8.89
Long-Term Debt Issued	-	5.84	0.54	4.15	-	0.85
Total Debt Issued	-4.17	5.84	0.54	4.15	-	0.85
Long-Term Debt Repaid	-	-0.43	-5.05	-0.58	-0.47	-1.08
Total Debt Repaid	-6.11	-0.43	-5.05	-0.58	-0.47	-1.08
Net Debt Issued (Repaid)	-10.28	5.4	-4.51	3.58	-0.47	-0.23
Issuance of Common Stock	1.05	1.05	-	-	-	-
Common Dividends Paid	-10.22	-10.92	-8.4	-7	-14	-5.6
Other Financing Activities	-0.46	-0.47	-0.27	0.02	1.38	4.77
Financing Cash Flow	-19.91	-4.95	-13.19	-3.41	-13.1	-1.07
Foreign Exchange Rate Adjustments	0.03	-0.03	0.03	-0.02	-0.06	0.06
Net Cash Flow	-1.68	-2.84	4.2	1.66	-13.4	17.68
Free Cash Flow	18.2	2.14	17.24	5.21	-0.14	18.62
Free Cash Flow Growth	846.93%	-87.61%	231.14%	-	-	299.57%
Free Cash Flow Margin	7.26%	0.88%	8.04%	2.89%	-0.09%	16.04%
Free Cash Flow Per Share	1.30	0.15	1.23	0.37	-0.01	1.33
Cash Interest Paid	0.41	0.3	0.22	0.29	0.02	0.06
Cash Income Tax Paid	0.52	2.49	0.23	2.95	1.27	1.18
Levered Free Cash Flow	23.01	-6.36	12.45	2.23	-6.16	16.21
Unlevered Free Cash Flow	23.52	-6.17	12.58	2.42	-6.14	16.23
Change in Working Capital	6.66	-14.87	-0.5	-8.54	-15.92	6.43

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.