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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-231.6	167.37	207.78	138.88	42.38
Depreciation & Amortization	34.87	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	52.9	4.28	-	-	-
Loss (Gain) From Sale of Investments	0.13	-	-26.63	2.94	-
Loss (Gain) on Equity Investments	11.51	6.92	6.01	-	-
Provision & Write-off of Bad Debts	0.22	2.37	-1.37	1.37	-
Other Operating Activities	98.07	-204.52	-122	13.31	12.08
Change in Accounts Receivable	-1.33	4.16	-30.24	-30.36	-387.35
Change in Inventory	-115.42	-76.28	-45.56	-14.78	-48.61
Change in Accounts Payable	-14.72	3.09	0.26	0.19	351.63
Change in Other Net Operating Assets	-9.96	13.19	-125.12	76.14	-6.17
Operating Cash Flow	-175.33	-64.87	-136.06	190.21	-33.96
Capital Expenditures	162.64	-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	-13.18	-10.26	-4.28	-0.03	-
Investing Cash Flow	148.63	-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	-47.22	-55.15	-0.34	-0.17	-0.03
Net Debt Issued (Repaid)	39.49	-18.15	-0.34	-0.17	4.07
Issuance of Common Stock	8.07	-	378.61	-	0
Repurchase of Common Stock	-7.49	-1.93	-	-	-
Common Dividends Paid	-	-	-	-100.59	-
Other Financing Activities	-1.2	-34.29	-9.34	-45.41	48.01
Financing Cash Flow	38.87	-54.37	368.92	-146.18	52.07
Foreign Exchange Rate Adjustments	-0.69	-0.05	-0.09	0.02	-
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	11.48	-177.86	197.72	-0.55	-0.95
Free Cash Flow	-12.69	-112.35	-166.79	145.64	-52.47
Free Cash Flow Margin	-8.81%	-54.62%	-57.88%	19.29%	-29.39%
Free Cash Flow Per Share	-0.00	-0.02	-0.03	0.03	-
Cash Interest Paid	0.08	9.29	0.32	1.1	1.25
Levered Free Cash Flow	379.7	-123.71	-270.56	165.09	-
Unlevered Free Cash Flow	380.88	-117.3	-270.35	165.77	-
Change in Working Capital	-141.44	-55.85	-200.65	31.18	-90.5

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