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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	-199.09	-271.65	167.37	207.78	138.88	42.38
Depreciation & Amortization	45.04	39.63	14.53	0.79	1.44	2.08
Other Amortization	0.02	0.02	0.02	0.01	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	1.1	-
Asset Writedown & Restructuring Costs	66.56	49.29	4.28	-	-	-
Loss (Gain) From Sale of Investments	0.56	-	-	-26.63	2.94	-
Loss (Gain) on Equity Investments	13.99	11.19	6.92	6.01	-	-
Provision & Write-off of Bad Debts	7.07	6.24	2.37	-1.37	1.37	-
Other Operating Activities	74.69	170.93	-204.52	-122	13.31	12.08
Change in Accounts Receivable	7.54	11.27	4.16	-30.24	-30.36	-387.35
Change in Inventory	24.7	-4.5	-76.28	-45.56	-14.78	-48.61
Change in Accounts Payable	-0.43	1.44	3.09	0.26	0.19	351.63
Change in Other Net Operating Assets	-9.57	13.15	-41.52	-125.12	76.14	-6.17
Operating Cash Flow	31.07	26.99	-119.58	-136.06	190.21	-33.96
Capital Expenditures	-19.39	-21.49	-47.48	-30.73	-44.58	-18.51
Cash Acquisitions	-	-	-	-	-	-0.55
Sale (Purchase) of Intangibles	-	-	-0.84	-0.04	-	-
Investment in Securities	-15.14	-14.31	-10.26	-4.28	-0.03	-
Investing Cash Flow	-34.52	-35.8	-58.57	-35.05	-44.61	-19.06
Long-Term Debt Issued	-	-	37	-	-	4.1
Long-Term Debt Repaid	-	-4.36	-0.44	-0.34	-0.17	-0.03
Net Debt Issued (Repaid)	-0.37	-4.36	36.56	-0.34	-0.17	4.07
Issuance of Common Stock	-	-	-	378.61	-	0
Repurchase of Common Stock	-0.43	-0.11	-1.93	-	-	-
Common Dividends Paid	-	-	-	-	-100.59	-
Other Financing Activities	-1.24	-1.39	-34.29	-9.34	-45.41	48.01
Financing Cash Flow	-2.03	-5.85	0.34	368.92	-146.18	52.07
Foreign Exchange Rate Adjustments	-0.27	-0.25	-0.05	-0.09	0.02	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	0	-
Net Cash Flow	-5.75	-14.91	-177.86	197.72	-0.55	-0.95
Free Cash Flow	11.69	5.5	-167.06	-166.79	145.64	-52.47
Free Cash Flow Margin	10.38%	4.57%	-80.83%	-57.88%	19.29%	-29.39%
Free Cash Flow Per Share	0.00	0.00	-0.03	-0.03	0.03	-
Cash Interest Paid	1.24	1.39	9.29	0.32	1.1	1.25
Levered Free Cash Flow	-28.88	49.22	-73.48	-270.56	165.09	-
Unlevered Free Cash Flow	-28.11	50.08	-67.07	-270.35	165.77	-
Change in Working Capital	22.25	21.36	-110.56	-200.65	31.18	-90.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.