Photon Energy N.V. (PEN) — Free Cash Flow Generation Index
Photon Energy N.V. (PEN) has a Free Cash Flow Generation Index of 0.72x as of December 2025. Free cash flow of zł4.51 Million represents 1% of operating cash flow (zł6.23 Million). Read how much debt does Photon Energy N.V. carry for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Photon Energy N.V. Free Cash Flow Generation Index (2014–2025)
Historical FCF Generation Index trend for Photon Energy N.V. across 12 annual periods. Explore Photon Energy N.V. (PEN) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Photon Energy N.V. (2014–2025)
Year-by-year Free Cash Flow Generation Index for Photon Energy N.V.. For the full company profile including market capitalisation, see PEN market cap.
| Year | FCG Index | Free Cash Flow (PLN) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.64x | zł13.11 Million | zł20.57 Million | zł7.46 Million | ▲ +24.3% |
| 2024 | 0.51x | zł7.34 Million | zł14.32 Million | zł6.98 Million | ▲ +123.0% |
| 2023 | -2.23x | zł-16.07 Million | zł7.21 Million | zł23.28 Million | ▲ +74.4% |
| 2022 | -8.69x | zł-24.73 Million | zł2.85 Million | zł27.58 Million | ▼ -2153.4% |
| 2021 | -0.39x | zł-2.40 Million | zł6.22 Million | zł8.62 Million | ▲ +83.2% |
| 2020 | -2.29x | zł-12.75 Million | zł5.56 Million | zł18.31 Million | ▼ -36.1% |
| 2019 | -1.68x | zł-11.01 Million | zł6.54 Million | zł17.54 Million | ▼ -579.1% |
| 2018 | -0.25x | zł-1.90 Million | zł7.65 Million | zł9.55 Million | ▼ -124.8% |
| 2017 | 1.00x | zł2.66 Million | zł2.66 Million | zł9.55 Million | ▲ +0.0% |
| 2016 | 1.00x | zł2.04 Million | zł2.04 Million | zł0.00 | ▲ +0.0% |
| 2015 | 1.00x | zł3.62 Million | zł3.62 Million | zł0.00 | ▲ +0.0% |
| 2014 | 1.00x | zł1.74 Million | zł1.74 Million | zł0.00 | — |