Ifirma 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	13.02	8.4	8.01	7.46	5.28	Upgrade
Depreciation & Amortization	0.47	0.56	0.61	0.58	0.71	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-0.11	-0.04	Upgrade
Other Operating Activities	-0.73	-0.98	-0.97	-0.06	0	Upgrade
Change in Accounts Receivable	-0.07	-0.69	-0.87	-1.12	-0.57	Upgrade
Change in Inventory	-0.52	0.01	-0.01	-	-	Upgrade
Change in Other Net Operating Assets	0.48	0.47	1.35	0.65	2.31	Upgrade
Operating Cash Flow	12.64	7.76	8.13	7.41	7.69	Upgrade
Operating Cash Flow Growth	62.87%	-4.55%	9.82%	-3.72%	148.26%	Upgrade
Capital Expenditures	-0.5	-0.36	-0.37	-0.8	-0.62	Upgrade
Sale of Property, Plant & Equipment	0	0.01	-	-	0.04	Upgrade
Investment in Securities	-1.05	-2.35	-1.29	-10.86	3.4	Upgrade
Other Investing Activities	0.87	1.07	0.82	0.06	0	Upgrade
Investing Cash Flow	-0.71	-1.64	-0.85	-11.6	2.84	Upgrade
Common Dividends Paid	-10.88	-6.59	-8.96	-6.27	-2.5	Upgrade
Financing Cash Flow	-10.88	-6.59	-8.96	-6.27	-2.5	Upgrade
Miscellaneous Cash Flow Adjustments	-	0	-	-	-	Upgrade
Net Cash Flow	1.05	-0.47	-1.67	-10.47	8.03	Upgrade
Free Cash Flow	12.14	7.41	7.76	6.61	7.08	Upgrade
Free Cash Flow Growth	63.92%	-4.59%	17.50%	-6.66%	226.68%	Upgrade
Free Cash Flow Margin	19.15%	12.71%	15.14%	15.34%	21.15%	Upgrade
Free Cash Flow Per Share	1.90	1.16	1.21	1.03	1.11	Upgrade
Levered Free Cash Flow	9.32	5.85	6.41	5.09	6.24	Upgrade
Unlevered Free Cash Flow	9.32	5.86	6.41	5.09	6.24	Upgrade
Change in Working Capital	-0.11	-0.22	0.48	-0.47	1.74	Upgrade

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