Zamet 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	38.86	9.99	14.16	-3.34	0.06	9.87
Depreciation & Amortization	2.26	2.27	2.27	3.93	6.6	8.63
Loss (Gain) From Sale of Assets	-42.25	-8.45	-5.85	-4.36	-0.63	-0.66
Asset Writedown & Restructuring Costs	-	-	-	-	-0.28	0.01
Other Operating Activities	1.99	-1.74	-8.56	2.89	-0.97	2.37
Change in Accounts Receivable	21.86	22.46	12.02	-32.73	0.97	13.31
Change in Inventory	2.81	2.81	7.49	-9.97	-9.75	5.19
Change in Unearned Revenue	-0.14	-0.14	7.34	0.94	3.86	-5.68
Change in Other Net Operating Assets	-11.19	-9.27	-12.26	15.55	1.08	-2.9
Operating Cash Flow	14.62	18.37	19.66	-24.8	0.93	30.13
Operating Cash Flow Growth	-	-6.61%	-	-	-96.90%	61.71%
Capital Expenditures	-0.84	-0.86	-4.76	-1.71	-2.79	-2.09
Sale of Property, Plant & Equipment	0.48	0.32	1.16	13.07	3.45	3.87
Divestitures	54.01	16.5	39	-	-	-
Investment in Securities	-95.92	-39.35	-	-	-	-
Other Investing Activities	-4	-	-	-	-	-
Investing Cash Flow	-46.26	-23.39	35.4	11.36	0.66	1.78
Long-Term Debt Issued	-	-	3.12	26.16	1.5	-
Long-Term Debt Repaid	-	-10.09	-22.27	-1.81	-2.54	-20.42
Net Debt Issued (Repaid)	-10.1	-10.09	-19.15	24.36	-1.04	-20.42
Common Dividends Paid	-41.31	-41.31	-	-	-	-
Other Financing Activities	-1.05	-1.04	-2.63	-2.91	-0.2	-0.84
Financing Cash Flow	-52.46	-52.44	-21.78	21.45	-1.23	-21.26
Foreign Exchange Rate Adjustments	-	-	-	0.02	-0.07	-
Net Cash Flow	-84.1	-57.47	33.29	8.04	0.29	10.65
Free Cash Flow	13.78	17.51	14.9	-26.51	-1.86	28.04
Free Cash Flow Growth	-	17.46%	-	-	-	103.82%
Free Cash Flow Margin	19.82%	24.36%	15.36%	-17.79%	-1.14%	16.44%
Free Cash Flow Per Share	0.13	0.17	0.14	-0.25	-0.02	0.27
Cash Interest Paid	1.05	1.04	2.63	2.91	0.2	0.84
Cash Income Tax Paid	0.81	4.19	5.39	3.26	1.01	0.55
Levered Free Cash Flow	34.75	14.6	17.9	-30.97	2.46	27.02
Unlevered Free Cash Flow	35.92	16.02	20.26	-28.65	2.92	27.58
Change in Working Capital	13.34	15.87	14.58	-26.21	-3.85	9.92

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