Wittchen 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	14.75	45.5	45.98	76.24	78.42	52.18
Depreciation & Amortization	32.3	32.14	31.05	28.21	25.35	25.15
Other Adjustments	5.17	4.61	1.05	1.69	4.44	1.61
Change in Receivables	14.04	0.15	5.17	-8.4	-10.02	2.64
Changes in Inventories	34.99	24.07	-12.92	9.77	-27.39	-21.55
Changes in Accounts Payable	-5.34	-1.22	4.3	5.93	13.26	-7.18
Changes in Income Taxes Payable	-3.86	-12.96	-18.91	-20.13	-7.22	-11.3
Changes in Other Operating Activities	0.94	0.63	-1.31	-0.11	0.22	0.39
Operating Cash Flow	105.13	92.92	54.42	93.19	77.07	41.93
Operating Cash Flow Growth	231.90%	70.76%	-41.61%	20.91%	83.82%	10.49%
Capital Expenditures	-9.87	-10.75	-11.71	-11.48	-9.26	-1.65
Sale of Property, Plant & Equipment	0.74	0.79	2.38	0.51	1.49	1.41
Investing Cash Flow	-9.13	-9.96	-9.34	-10.97	-7.77	-0.24
Long-Term Debt Issued	22.83	-	37.96	8.72	-	21.07
Long-Term Debt Repaid	-	-43.95	-	-	-26.09	-
Net Long-Term Debt Issued (Repaid)	22.83	-43.95	37.96	8.72	-26.09	21.07
Issuance of Common Stock	0.01	0.01	0.02	0.01	0.01	0.01
Net Common Stock Issued (Repurchased)	0.01	0.01	0.02	0.01	0.01	0.01
Common Dividends Paid	-	-	-65.82	-61.14	-55.42	-
Other Financing Activities	-27.86	-27.64	-23.71	-25.2	-22.57	-16.09
Financing Cash Flow	-56.79	-71.58	-51.56	-77.61	-104.08	4.99
Net Cash Flow	39.2	11.38	-6.48	4.62	-34.78	46.67
Free Cash Flow	95.26	82.17	42.7	81.71	67.82	40.28
Free Cash Flow Growth	396.26%	92.42%	-47.74%	20.49%	68.36%	143.22%
FCF Margin	29.98%	17.24%	9.40%	17.49%	16.71%	14.50%
Free Cash Flow Per Share	5.13	4.44	2.31	4.41	3.70	2.20
Levered Free Cash Flow	81.27	23.27	62.69	82.19	31.77	47.17
Unlevered Free Cash Flow	84.56	69.05	29.01	74.66	65.32	27.29