Phoenix Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-137.68	167.37	207.78	138.88	42.38
Depreciation & Amortization	31.17	14.53	0.79	1.44	2.08
Other Amortization	0.02	0.02	0.01	-	-
Loss (Gain) From Sale of Assets	-	-	-	1.1	-
Asset Writedown & Restructuring Costs	3.14	4.28	-	-	-
Loss (Gain) From Sale of Investments	0.18	-	-26.63	2.94	-
Loss (Gain) on Equity Investments	12.09	6.92	6.01	-	-
Provision & Write-off of Bad Debts	0.22	2.37	-1.37	1.37	-
Other Operating Activities	45.65	-204.52	-122	13.31	12.08
Change in Accounts Receivable	3.16	4.16	-30.24	-30.36	-387.35
Change in Inventory	-117.51	-76.28	-45.56	-14.78	-48.61
Change in Accounts Payable	-2	3.09	0.26	0.19	351.63
Change in Other Net Operating Assets	204.34	13.19	-125.12	76.14	-6.17
Operating Cash Flow	42.76	-64.87	-136.06	190.21	-33.96
Capital Expenditures	-29.45	-47.48	-30.73	-44.58	-18.51
Cash Acquisitions	-	-	-	-	-0.55
Sale (Purchase) of Intangibles	-0.83	-0.84	-0.04	-	-
Investment in Securities	-9.73	-10.26	-4.28	-0.03	-
Investing Cash Flow	-40.01	-58.57	-35.05	-44.61	-19.06
Long-Term Debt Issued	-	37	-	-	4.1
Short-Term Debt Repaid	-	-54.71	-	-	-
Long-Term Debt Repaid	-	-0.44	-0.34	-0.17	-0.03
Total Debt Repaid	-94.63	-55.15	-0.34	-0.17	-0.03
Net Debt Issued (Repaid)	-12.36	-18.15	-0.34	-0.17	4.07
Issuance of Common Stock	8.3	-	378.61	-	0
Repurchase of Common Stock	-	-1.93	-	-	-
Common Dividends Paid	-	-	-	-100.59	-
Other Financing Activities	-1.76	-34.29	-9.34	-45.41	48.01
Financing Cash Flow	-5.82	-54.37	368.92	-146.18	52.07
Foreign Exchange Rate Adjustments	-0.12	-0.05	-0.09	0.02	-
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	-3.18	-177.86	197.72	-0.55	-0.95
Free Cash Flow	13.31	-112.35	-166.79	145.64	-52.47
Free Cash Flow Margin	9.12%	-54.62%	-57.88%	19.29%	-29.39%
Free Cash Flow Per Share	0.00	-0.02	-0.03	0.03	-
Cash Interest Paid	1.76	9.29	0.32	1.1	1.25
Levered Free Cash Flow	413.14	-123.71	-270.56	165.09	-
Unlevered Free Cash Flow	414.44	-117.3	-270.35	165.77	-
Change in Working Capital	87.98	-55.85	-200.65	31.18	-90.5

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.