Black Pearl Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	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	2020 - 2016
Net Income	0.05	0.13	-6.42	-7.54	0.4	Upgrade
Loss (Gain) From Sale of Investments	-	-0.01	7.89	-	-0.31	Upgrade
Other Operating Activities	-	0.02	-2.45	7.08	2.9	Upgrade
Change in Accounts Receivable	-0.21	-1.71	0.34	0.2	-1.04	Upgrade
Change in Inventory	-	-	-	-	0.01	Upgrade
Change in Other Net Operating Assets	0.12	1.48	0.59	0.66	-0.14	Upgrade
Operating Cash Flow	-0.03	-0.09	-0.04	0.4	1.81	Upgrade
Operating Cash Flow Growth	-	-	-	-78.07%	423.81%	Upgrade
Capital Expenditures	-	-	-	-0.28	-	Upgrade
Sale (Purchase) of Intangibles	-	0.1	-	-	-	Upgrade
Investment in Securities	-	-	-	-0.01	-	Upgrade
Other Investing Activities	-	-	-	-	-0.88	Upgrade
Investing Cash Flow	-	0.1	-	-0.27	-2.12	Upgrade
Long-Term Debt Issued	0	0.01	0.03	0.01	0.13	Upgrade
Total Debt Issued	0	0.01	0.03	0.01	0.13	Upgrade
Long-Term Debt Repaid	-	-0.02	-0.04	-0.08	-0.14	Upgrade
Total Debt Repaid	-	-0.02	-0.04	-0.08	-0.14	Upgrade
Net Debt Issued (Repaid)	0	-0	-0.01	-0.07	-0.01	Upgrade
Common Dividends Paid	-	-	-	-0.01	-	Upgrade
Other Financing Activities	-	-	-	0	0.21	Upgrade
Financing Cash Flow	0	-0	-0.01	-0.07	0.2	Upgrade
Net Cash Flow	-0.03	0	-0.05	0.05	-0.11	Upgrade
Free Cash Flow	-0.03	-0.09	-0.04	0.12	1.81	Upgrade
Free Cash Flow Growth	-	-	-	-93.35%	423.81%	Upgrade
Free Cash Flow Margin	-0.37%	-1.70%	-261.38%	238.40%	3062.72%	Upgrade
Free Cash Flow Per Share	-	-	-	-	0.01	Upgrade
Levered Free Cash Flow	0.38	-0.03	0.36	1.71	-1.54	Upgrade
Unlevered Free Cash Flow	0.38	-0.03	0.36	1.71	-1.54	Upgrade
Change in Working Capital	-0.09	-0.23	0.94	0.86	-1.17	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.