Torpol 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 2019	FY 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	98.03	82.6	129.17	36.35	28.13
Depreciation & Amortization	27.1	25.84	24.75	22.29	17.41
Other Adjustments	-43.33	-20.27	-26.36	-2.25	3.55
Change in Receivables	275.63	-367.35	-77.83	-220.33	-224.05
Changes in Inventories	-8.89	28.23	-52.32	13.7	3.16
Changes in Accounts Payable	118.87	98.92	39.77	333.52	-11.94
Changes in Other Operating Activities	40.47	-60.45	9.79	-4.51	17.25
Operating Cash Flow	507.88	-212.48	46.96	178.78	-166.5
Operating Cash Flow Growth	-	-	-73.73%	-	-
Capital Expenditures	-41.84	-28.07	-27.04	-18.74	-8.83
Sale of Property, Plant & Equipment	2.36	2.8	0.67	0.37	0.11
Other Investing Activities	8.05	10.41	25.23	-1.54	-0.27
Investing Cash Flow	-31.43	-14.87	-1.14	-19.91	-8.99
Long-Term Debt Issued	3.27	4.93	0	161.46	59.33
Long-Term Debt Repaid	-28.2	-18.65	-19.58	-161.87	-36.1
Net Long-Term Debt Issued (Repaid)	-24.93	-13.72	-19.58	-0.4	23.23
Common Dividends Paid	-31.01	-48.47	0	-5.74	0
Other Financing Activities	-5.06	13.92	-6.39	14.19	-0.18
Financing Cash Flow	-61.01	-48.26	-25.97	8.04	23.06
Net Cash Flow	415.44	-275.61	19.85	166.91	-152.43
Free Cash Flow	466.04	-240.55	19.93	160.04	-175.33
Free Cash Flow Growth	-	-	-87.55%	-	-
FCF Margin	23.56%	-16.50%	1.82%	9.97%	-11.49%
Free Cash Flow Per Share	20.29	-10.47	0.87	6.97	-7.63
Levered Free Cash Flow	188.86	118.66	77.29	375.01	59.44
Unlevered Free Cash Flow	210.45	125.86	84.92	380.76	59.14