Wittchen Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	27.45	34.24	61.29	62.89	42.24	13.27
Depreciation & Amortization	32.22	31.05	28.21	25.35	25.15	25.76
Loss (Gain) From Sale of Assets	0.51	0.05	0.03	-0.89	0.09	-2.96
Other Operating Activities	-0.53	-6.16	-3.52	13.65	0.15	4.78
Change in Accounts Receivable	12.86	5.17	-8.4	-10.02	2.64	3.66
Change in Inventory	-9.05	-12.92	9.77	-27.39	-21.55	-14.34
Change in Accounts Payable	-12	4.3	5.93	13.26	-7.18	8.14
Change in Other Net Operating Assets	1.36	-1.31	-0.11	0.22	0.39	-0.36
Operating Cash Flow	52.82	54.42	93.19	77.07	41.93	37.95
Operating Cash Flow Growth	-29.95%	-41.61%	20.91%	83.82%	10.49%	-26.67%
Capital Expenditures	-12.33	-11.71	-11.48	-9.26	-1.65	-21.39
Sale of Property, Plant & Equipment	0.51	2.38	0.51	1.49	1.41	5.49
Investing Cash Flow	-11.83	-9.34	-10.97	-7.77	-0.24	-15.89
Long-Term Debt Issued	-	37.96	8.72	-	21.07	-
Long-Term Debt Repaid	-	-23.65	-23.45	-47.47	-15.86	-18.84
Net Debt Issued (Repaid)	-40.87	14.3	-14.73	-47.47	5.22	-18.84
Issuance of Common Stock	0.01	0.02	0.01	0.01	0.01	0.01
Common Dividends Paid	-	-65.82	-61.14	-55.42	-	-
Other Financing Activities	-2	-0.06	-1.75	-1.19	-0.24	-0.42
Financing Cash Flow	-42.86	-51.56	-77.61	-104.08	4.99	-19.25
Net Cash Flow	-1.88	-6.48	4.62	-34.78	46.67	2.8
Free Cash Flow	40.48	42.7	81.71	67.82	40.28	16.56
Free Cash Flow Growth	-33.97%	-47.74%	20.49%	68.36%	143.22%	-52.55%
Free Cash Flow Margin	8.82%	9.40%	17.49%	16.71%	14.50%	7.85%
Free Cash Flow Per Share	2.19	2.31	4.41	3.70	2.20	0.90
Cash Interest Paid	2	0.06	1.75	1.19	0.24	0.42
Cash Income Tax Paid	12.78	18.91	20.13	7.22	11.3	3.69
Levered Free Cash Flow	32.07	38.28	64.38	52.56	29.13	11.33
Unlevered Free Cash Flow	36.78	41.4	66.85	54.46	30.31	12.55
Change in Working Capital	-6.83	-4.76	7.19	-23.93	-25.7	-2.91

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.