Vercom S.A. (WSE:VRC)

Vercom Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	91.29	89.87	76.58	70.4	31.42	22.79
Depreciation & Amortization	11.78	12.12	12.62	12.13	7.74	3.38
Other Amortization	3.33	3.33	3.56	3.39	1.93	1.3
Loss (Gain) From Sale of Assets	-0	0.07	-0.02	-0.11	-0.19	-0
Asset Writedown & Restructuring Costs	-0.03	-0.03	0.12	-	-	-
Loss (Gain) From Sale of Investments	-	-	0.09	-13.47	-	-
Loss (Gain) on Equity Investments	-	-	-	-0.66	-0.9	0.1
Stock-Based Compensation	8.76	7.45	0.6	1.3	0.93	1.8
Other Operating Activities	6.02	8.03	5.66	5.01	6.95	-0.09
Change in Accounts Receivable	-5.03	0.67	-17.55	0.71	0.96	-7.42
Change in Inventory	-	-	-	0.21	-	-
Change in Accounts Payable	3.06	-14.44	21.02	1.59	1.05	8.34
Change in Unearned Revenue	10.31	11.42	9	3.9	0.37	0.74
Change in Other Net Operating Assets	0.06	-0.65	0.68	0.9	1.6	-0.38
Operating Cash Flow	129.54	117.84	112.36	85.3	51.87	30.56
Operating Cash Flow Growth	20.75%	4.88%	31.72%	64.44%	69.75%	20.68%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-16.81	-16.31	-11.85	-8.92	-7.14	-5.03
Sale of Property, Plant & Equipment	0.6	0.57	0.07	0.33	0.21	0.03
Cash Acquisitions	-	-	-	0.55	-244.61	-33.25
Investment in Securities	-	-	0.48	22.88	-0	-2.45
Other Investing Activities	0.74	0.85	1.57	0.14	1.2	0.32
Investing Cash Flow	-40.98	-14.87	-6.54	14.86	-220.88	-71.61

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	0.01	-	-	-	-
Long-Term Debt Issued	-	-	0.02	0.02	118.84	4
Total Debt Issued	-0.23	0.01	0.02	0.02	118.84	4
Long-Term Debt Repaid	-	-19.29	-20.53	-48.05	-21.31	-12.48
Net Debt Issued (Repaid)	-19.79	-19.28	-20.51	-48.03	97.53	-8.48
Issuance of Common Stock	-	-	-	-	8.95	170.45
Repurchase of Common Stock	-29.64	-29.64	-	-	-	-
Common Dividends Paid	-44.99	-44.99	-35.44	-25.01	-	-15.06
Other Financing Activities	-5.64	-5.97	-7.22	-10.73	-5.56	-0.75
Financing Cash Flow	-100.05	-99.88	-63.17	-83.76	100.92	146.17

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.37	-3.81	0.33	-2.18	0.33	-
Net Cash Flow	-11.86	-0.72	42.97	14.22	-67.76	105.12

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	112.74	101.54	100.51	76.38	44.73	25.52
Free Cash Flow Growth	20.52%	1.02%	31.60%	70.76%	75.25%	8.85%
Free Cash Flow Margin	23.33%	21.55%	20.25%	22.64%	17.18%	14.27%
Free Cash Flow Per Share	5.10	4.59	4.53	3.44	2.19	1.53
Levered Free Cash Flow	311.75	75.36	76.39	52.23	70.73	-11.23
Unlevered Free Cash Flow	314.64	78.51	80.97	59.13	74.5	-10.19

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	4.52	4.85	6.7	10.46	5.79	1.42
Cash Income Tax Paid	18.57	14.9	10.5	6.56	4.65	5.42
Change in Working Capital	8.4	-3	13.16	7.31	3.98	1.28

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 14, 2026

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