B.P. Marsh & Partners Cash Flow Statement

Financials in millions GBP. Fiscal year is February - January.

Millions GBP. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Net Income	48.22	99.5	42.53	23.84	17.48
Depreciation & Amortization	0.2	0.2	0.19	0.19	0.2
Stock-Based Compensation	0.41	0.41	0.19	0.1	0.09
Other Operating Activities	-52.28	-67.84	-10.91	-19.58	-9.64
Change in Accounts Receivable	-1.75	0.84	-1.05	-0.04	1.25
Change in Accounts Payable	0.63	0.38	0.01	0.16	0.66
Operating Cash Flow	-4.58	33.49	30.96	4.68	10.04
Operating Cash Flow Growth	-	8.15%	561.44%	-53.38%	-
Capital Expenditures	-0.25	-0.05	-0.01	-0.01	-0.01
Investment in Securities	7.69	0.08	1.13	-0.5	-
Other Investing Activities	-12.35	-	-	-	-
Investing Cash Flow	-4.9	0.03	1.12	-0.52	-0.01
Short-Term Debt Repaid	-	-	-	-	-1
Long-Term Debt Repaid	-0.19	-0.18	-0.18	-0.17	-0.16
Total Debt Repaid	-0.19	-0.18	-0.18	-0.17	-1.16
Net Debt Issued (Repaid)	-0.19	-0.18	-0.18	-0.17	-1.16
Issuance of Common Stock	-	2.13	-	-	-
Repurchase of Common Stock	-6.91	-0.84	-1.05	-0.02	-
Common Dividends Paid	-7.97	-0.99	-1	-1	-0.88
Other Financing Activities	-0.1	3.05	0.05	-0.05	-0.08
Financing Cash Flow	-15.18	0.19	-3.21	-1.23	-2.12
Net Cash Flow	-24.66	33.7	28.87	2.94	7.92
Free Cash Flow	-4.83	33.43	30.95	4.67	10.03
Free Cash Flow Growth	-	8.03%	562.72%	-53.46%	-
Free Cash Flow Margin	-7.70%	29.01%	60.49%	14.42%	41.23%
Free Cash Flow Per Share	-0.13	0.86	0.83	0.13	0.27
Cash Interest Paid	0.02	0.03	0.04	0.05	0.08
Cash Income Tax Paid	0.03	0.03	0.03	0.01	0.01
Levered Free Cash Flow	27.15	60.42	17.06	17.29	12.55
Unlevered Free Cash Flow	27.16	60.44	17.08	17.32	12.6
Change in Working Capital	-1.12	1.22	-1.04	0.13	1.91