SZAR Spólka Akcyjna 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	-10.06	-1.77	-1.63	0.16	0.86	Upgrade
Depreciation & Amortization	0.19	0.2	0.18	0.15	0.22	Upgrade
Loss (Gain) From Sale of Assets	4.69	-0.05	-0.01	-	-0.01	Upgrade
Other Operating Activities	0.5	-	0.09	-	-	Upgrade
Change in Accounts Receivable	1.08	1.04	0.59	1	0.35	Upgrade
Change in Inventory	2.94	0.18	0.73	3.92	-0.31	Upgrade
Change in Other Net Operating Assets	-0.35	-0.09	-0.02	-2.64	1.1	Upgrade
Operating Cash Flow	-1.01	-0.48	-0.06	2.6	2.22	Upgrade
Operating Cash Flow Growth	-	-	-	17.30%	397.39%	Upgrade
Capital Expenditures	-	-0.05	-0.07	-0.25	-0.04	Upgrade
Sale of Property, Plant & Equipment	1.43	0.05	0.02	-	0.01	Upgrade
Investing Cash Flow	1.43	-0	-0.05	-0.25	-0.04	Upgrade
Long-Term Debt Issued	-	0.2	-	1.07	-	Upgrade
Total Debt Issued	-	0.2	-	1.07	-	Upgrade
Long-Term Debt Repaid	-0.58	-0.01	-0.5	-1.69	-1.2	Upgrade
Total Debt Repaid	-0.58	-0.01	-0.5	-1.69	-1.2	Upgrade
Net Debt Issued (Repaid)	-0.58	0.19	-0.5	-0.62	-1.2	Upgrade
Other Financing Activities	-	-	-0.57	-0.68	-0.51	Upgrade
Financing Cash Flow	-0.58	0.19	-1.08	-1.3	-1.71	Upgrade
Net Cash Flow	-0.15	-0.29	-1.18	1.05	0.47	Upgrade
Free Cash Flow	-1.01	-0.53	-0.13	2.35	2.17	Upgrade
Free Cash Flow Growth	-	-	-	7.95%	436.08%	Upgrade
Free Cash Flow Margin	-24.63%	-3.96%	-0.77%	6.34%	6.81%	Upgrade
Free Cash Flow Per Share	-0.01	-0.01	-0.00	0.02	0.02	Upgrade
Cash Interest Paid	-	-	0.09	-	-	Upgrade
Levered Free Cash Flow	-0.49	0.14	-0.04	1.54	1.28	Upgrade
Unlevered Free Cash Flow	-0.45	0.19	0.01	1.59	1.3	Upgrade
Change in Working Capital	3.67	1.13	1.3	2.29	1.15	Upgrade

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