Mennica Skarbowa 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	8.64	7.92	-8.72	21.5	21.68	Upgrade
Depreciation & Amortization	0.38	0.32	0.36	0.3	0.14	Upgrade
Change in Accounts Receivable	-15.69	23.57	-16.21	-6.08	-5.16	Upgrade
Change in Inventory	-26.74	0.65	30.78	27.36	-81.08	Upgrade
Change in Accounts Payable	43.5	-20.49	-9.41	-47.15	63.34	Upgrade
Change in Other Net Operating Assets	-0.52	0.44	-0.91	-0.17	-0.02	Upgrade
Operating Cash Flow	9.57	12.41	-4.11	-4.24	-1.1	Upgrade
Operating Cash Flow Growth	-22.90%	-	-	-	-	Upgrade
Capital Expenditures	-0.9	-1.06	-0.95	-0.23	-0.36	Upgrade
Sale (Purchase) of Real Estate	-	-	-	-	-0.44	Upgrade
Investing Cash Flow	-0.9	-1.06	-0.95	-0.01	-1.02	Upgrade
Short-Term Debt Issued	11.97	-	2.18	3.42	19.26	Upgrade
Total Debt Issued	11.97	-	2.18	3.42	19.26	Upgrade
Short-Term Debt Repaid	-	-5.15	-	-	-	Upgrade
Total Debt Repaid	-	-5.15	-	-	-	Upgrade
Net Debt Issued (Repaid)	11.97	-5.15	2.18	3.42	19.26	Upgrade
Repurchase of Common Stock	-7.75	-	-	-	-	Upgrade
Common Dividends Paid	-	-	-	-1.04	-10	Upgrade
Other Financing Activities	-2.59	-2.45	-3.21	-1.86	-	Upgrade
Financing Cash Flow	1.63	-7.6	-1.04	0.52	9.27	Upgrade
Net Cash Flow	10.3	3.75	-6.09	-3.72	7.15	Upgrade
Free Cash Flow	8.67	11.35	-5.06	-4.47	-1.46	Upgrade
Free Cash Flow Growth	-23.62%	-	-	-	-	Upgrade
Free Cash Flow Margin	0.63%	1.23%	-0.72%	-0.36%	-0.13%	Upgrade
Free Cash Flow Per Share	8.34	10.92	-4.86	-4.30	-1.40	Upgrade
Cash Interest Paid	2.59	2.45	3.21	1.86	-	Upgrade
Levered Free Cash Flow	6.75	6.91	-3.45	-6.45	-4.65	Upgrade
Unlevered Free Cash Flow	8.37	8.45	-1.44	-5.29	-4.54	Upgrade
Change in Working Capital	0.54	4.18	4.25	-26.04	-22.92	Upgrade

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