Spyrosoft Spólka Akcyjna 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	40.75	34.29	19.71	26.73	14.68
Depreciation & Amortization	12.86	10.8	10.83	8.16	6.16
Other Amortization	-	0.97	0.26	0.47	0.28
Loss (Gain) From Sale of Assets	-0.26	-0.33	-0.07	-0.04	-0.01
Loss (Gain) on Equity Investments	-1.12	-1.16	-0.96	-0.77	-0.77
Other Operating Activities	15.88	17.12	1.9	15.52	6.67
Change in Accounts Receivable	-12.39	-13.33	-6.79	-33.41	-18.03
Change in Inventory	-0	-0.01	0.03	-0.04	0.05
Change in Other Net Operating Assets	3.47	7.95	-12.99	16.61	5.43
Operating Cash Flow	59.19	56.29	11.91	33.24	14.46
Operating Cash Flow Growth	5.15%	372.63%	-64.17%	129.88%	-20.19%
Capital Expenditures	-8.01	-5.26	-3.47	-6.84	-5.2
Sale of Property, Plant & Equipment	2.34	1.63	0.41	0.33	0.2
Investment in Securities	-8.69	-7.93	-8	-8.05	-0
Other Investing Activities	-3.46	2.21	2.39	10.09	1.25
Investing Cash Flow	-17.93	-9.39	-10.14	-5.2	-4.13
Long-Term Debt Issued	-	0.27	28.3	10.94	0.18
Total Debt Issued	-	0.27	28.3	10.94	0.18
Long-Term Debt Repaid	-7.57	-31.65	-16.27	-19.74	-5.5
Total Debt Repaid	-7.57	-31.65	-16.27	-19.74	-5.5
Net Debt Issued (Repaid)	-7.57	-31.38	12.03	-8.8	-5.33
Issuance of Common Stock	-	-	-	0	0
Other Financing Activities	-5.56	-1.99	-3.26	-1.61	-0.9
Financing Cash Flow	-13.13	-33.37	8.77	-10.41	-6.22
Net Cash Flow	28.13	13.53	10.55	17.63	4.11
Free Cash Flow	51.18	51.03	8.44	26.4	9.26
Free Cash Flow Growth	0.29%	504.72%	-68.03%	185.19%	-42.83%
Free Cash Flow Margin	8.51%	10.96%	2.03%	7.96%	5.34%
Free Cash Flow Per Share	46.81	46.75	7.74	24.24	8.63
Cash Interest Paid	-	1.71	2.14	1.04	0.57
Cash Income Tax Paid	-	-4.04	6.8	6.6	4.27
Levered Free Cash Flow	28.76	24.82	3.42	20.13	2.92
Unlevered Free Cash Flow	32.15	26.16	4.94	21.21	3.33
Change in Working Capital	-8.92	-5.39	-19.75	-16.85	-12.55

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