Wawel 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	89.65	84.62	73.73	72.08	36.98	43.23
Depreciation & Amortization	27.4	27.24	28.12	28.5	29.35	29.72
Loss (Gain) From Sale of Assets	-2.6	-0.58	-0.03	-0.03	0.31	0.15
Other Operating Activities	-7.85	-17.93	-8.09	-1.02	-8.09	3.34
Change in Accounts Receivable	11.17	4.68	0.27	-17.37	7.16	1.09
Change in Inventory	2.05	-1.01	-24.13	-6.8	14.41	12.53
Change in Other Net Operating Assets	-21.17	-24.67	6.65	-0.01	0.05	17.61
Operating Cash Flow	98.64	72.36	76.53	75.36	80.16	107.67
Operating Cash Flow Growth	50.00%	-5.46%	1.56%	-5.99%	-25.55%	93.99%
Capital Expenditures	-51.45	-51.58	-10.39	-9.84	-21.19	-13.7
Sale of Property, Plant & Equipment	0.23	0.28	0.13	0.17	0.13	0.19
Investment in Securities	-91.6	-113.85	-25.33	-0.11	-0.24	-0.5
Other Investing Activities	11.94	14.33	12.44	12.2	6.62	-
Investing Cash Flow	-130.89	-150.82	-23.16	2.42	-14.68	-12
Long-Term Debt Repaid	-	-1.52	-1.65	-1.65	-1.37	-1.24
Net Debt Issued (Repaid)	-1.55	-1.52	-1.65	-1.65	-1.37	-1.24
Repurchase of Common Stock	-	-	-	-	-106.22	-
Common Dividends Paid	-12.92	-12.92	-45.22	-12.92	-	-37.49
Other Financing Activities	-0.56	-0.6	-0.46	-0.48	-0.5	-0.42
Financing Cash Flow	-15.03	-15.04	-47.32	-15.04	-108.09	-39.15
Net Cash Flow	-47.28	-93.5	6.06	62.73	-42.61	56.52
Free Cash Flow	47.19	20.78	66.14	65.51	58.97	93.97
Free Cash Flow Growth	-7.26%	-68.59%	0.96%	11.09%	-37.24%	126.74%
Free Cash Flow Margin	6.56%	2.81%	9.60%	9.88%	10.08%	18.14%
Free Cash Flow Per Share	36.53	16.08	51.20	50.71	43.03	62.65
Cash Interest Paid	0.6	0.6	0.46	0.48	0.5	0.42
Cash Income Tax Paid	24.82	24.82	14.42	5.66	10.6	9.92
Levered Free Cash Flow	-21.03	7.82	56.11	50.12	51.46	83.46
Unlevered Free Cash Flow	-17.21	8.19	56.4	50.43	51.8	83.75
Change in Working Capital	-7.96	-21	-17.21	-24.18	21.62	31.23

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