UNIBEP 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	41.25	44.86	-165.9	7.44	28.2
Depreciation & Amortization	30.81	29.48	26.89	24.27	20.97
Other Amortization	0.67	0.75	1.52	1.31	0.99
Loss (Gain) From Sale of Assets	-14.93	-122.93	-7.9	-1.71	-0.98
Loss (Gain) From Sale of Investments	-	-	-	-	-6.17
Loss (Gain) on Equity Investments	-	-	-	-	-5.83
Other Operating Activities	35.33	103.73	2.34	16.72	3.22
Change in Accounts Receivable	179.49	-166.7	133.38	-200.05	-128.19
Change in Inventory	52.95	30.33	84.73	-56.32	-107.43
Change in Other Net Operating Assets	10.37	-2.26	82.03	204.11	192.97
Operating Cash Flow	335.94	-82.74	157.1	-4.22	-3.01
Capital Expenditures	-7.47	-9.83	-6.55	-70.73	-7.99
Sale of Property, Plant & Equipment	1.45	19.14	1.52	7.36	3.97
Cash Acquisitions	-	-	-	23.87	-
Investment in Securities	-	-	-	-	-1.8
Other Investing Activities	25.82	20.61	17.44	0.11	9.6
Investing Cash Flow	10.75	21.16	3.85	-57.27	-11.15
Long-Term Debt Issued	217.09	162.25	367.95	176.34	120.88
Long-Term Debt Repaid	-266.59	-111.86	-298.13	-184.03	-82.54
Net Debt Issued (Repaid)	-49.5	50.39	69.82	-7.69	38.34
Issuance of Common Stock	0.68	-	-	1.8	-
Repurchase of Common Stock	-	-	-	-14.94	-
Common Dividends Paid	-6.56	-0.27	-22.68	-29.36	-9.64
Other Financing Activities	-52.81	-37.09	-34.82	-21.87	-7.01
Financing Cash Flow	-108.19	13.02	12.32	-72.05	21.68
Foreign Exchange Rate Adjustments	-0.35	0.01	-0.15	0.03	-0.12
Net Cash Flow	238.14	-48.56	173.11	-133.51	7.4
Free Cash Flow	328.47	-92.58	150.54	-74.95	-11
Free Cash Flow Margin	13.93%	-3.55%	6.20%	-3.32%	-0.64%
Free Cash Flow Per Share	9.95	-2.82	4.64	-2.33	-0.35
Cash Interest Paid	37.19	36.76	33.05	21.87	7.01
Cash Income Tax Paid	7.74	12.73	7.43	22.85	32.77
Levered Free Cash Flow	257.24	1.96	85.7	-111.74	-41.37
Unlevered Free Cash Flow	282.61	27.29	108.27	-99.22	-38.47
Change in Working Capital	242.81	-138.63	300.15	-52.26	-42.65

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