TAURON Polska Energia Cash Flow Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,252	4,253	1,886	1,622	133	675
Depreciation & Amortization	2,543	2,487	2,349	2,226	2,216	2,101
Other Adjustments	287	307	1,671	1,474	1,452	1,362
Changes in Income Taxes Payable	-690	-324	-150	-206	-540	-392
Changes in Other Operating Activities	1,103	258	2,216	-500	-486	1,209
Operating Cash Flow	7,278	6,981	7,972	4,616	2,775	4,955
Operating Cash Flow Growth	-4.73%	-12.43%	72.70%	66.34%	-44.00%	22.59%
Capital Expenditures	-6,080	-6,037	-4,741	-4,841	-3,879	-3,255
Sale of Property, Plant & Equipment	29	27	25	63	28	76
Purchases of Investments	-	-3	-5	-16	-28	-28
Proceeds from Sale of Investments	-	-	-	-	180	53
Other Investing Activities	103	183	82	-	-277	51
Investing Cash Flow	-1,396	-5,830	-4,639	-4,794	-3,976	-3,103
Long-Term Debt Issued	667	4,377	6,962	7,982	9,440	2,003
Long-Term Debt Repaid	-2,779	-5,230	-10,178	-7,033	-6,363	-3,753
Net Long-Term Debt Issued (Repaid)	-2,112	-853	-3,216	949	3,077	-1,750
Other Financing Activities	-136	-535	-608	-663	-1,559	-253
Financing Cash Flow	-2,090	-1,388	-3,824	286	1,518	-2,003
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-1	-	25	-24	-3
Net Cash Flow	598	-237	-491	108	317	-151
Free Cash Flow	1,198	944	3,231	-225	-1,104	1,700
Free Cash Flow Growth	26.91%	-70.78%	-	-	-	1165.15%
FCF Margin	3.58%	2.84%	9.93%	-0.54%	-3.04%	6.76%
Free Cash Flow Per Share	0.95	0.54	1.84	-0.13	-0.63	0.97
Levered Free Cash Flow	-2,074	-1,156	-2,957	-1,249	254	-1,749
Unlevered Free Cash Flow	577.86	352.96	503.32	-1,434	-4,720	668.8