Fevertree Drinks Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	22.6	24.4	15.4	24.9	44.6
Depreciation & Amortization	7.2	8.7	7.8	5.8	4.6
Other Amortization	-	0.9	0.2	-	0.1
Loss (Gain) From Sale of Assets	-0.1	-	-	-	0.1
Stock-Based Compensation	5.6	3.3	1.7	3.3	2.7
Provision & Write-off of Bad Debts	-1.6	-1	0.5	-3.1	3.8
Other Operating Activities	-8.4	3.3	0.2	-0.2	0.1
Change in Accounts Receivable	-18.7	5	-22.3	-1.6	-14.6
Change in Inventory	-12.4	23.4	-10	-23.5	0.5
Change in Accounts Payable	31	1.7	4.8	0.5	7.7
Change in Other Net Operating Assets	2.8	0.5	-2.1	2.4	-2.8
Operating Cash Flow	28	70.2	-3.8	8.5	46.8
Operating Cash Flow Growth	-60.11%	-	-	-81.84%	22.84%
Capital Expenditures	-3.3	-3.3	-2.6	-4.6	-3.6
Cash Acquisitions	-	-	-	-3.7	-
Divestitures	18	-	-	-	-
Sale (Purchase) of Intangibles	-1.6	-10.8	-7	-2.5	-1
Other Investing Activities	5.7	3.3	2	0.8	0.3
Investing Cash Flow	18.8	-10.8	-7.6	-10	-4.3
Long-Term Debt Repaid	-1.2	-3.9	-4	-1.8	-0.7
Net Debt Issued (Repaid)	-1.2	-3.9	-4	-1.8	-0.7
Issuance of Common Stock	71.2	-	-	-	-
Repurchase of Common Stock	-100.5	-	-	-	-
Common Dividends Paid	-20.7	-19.6	-19.1	-18.8	-18.4
Other Financing Activities	-0.1	-0.1	-0.1	-0.1	-0.2
Financing Cash Flow	-51.3	-23.6	-23.2	-70.7	-19.3
Foreign Exchange Rate Adjustments	-0.4	0.3	-0.8	1.3	-0.1
Net Cash Flow	-4.9	36.1	-35.4	-70.9	23.1
Free Cash Flow	24.7	66.9	-6.4	3.9	43.2
Free Cash Flow Growth	-63.08%	-	-	-90.97%	21.69%
Free Cash Flow Margin	7.60%	18.15%	-1.76%	1.13%	13.89%
Free Cash Flow Per Share	0.20	0.57	-0.06	0.03	0.37
Cash Interest Paid	0.1	0.1	0.1	0.1	0.2
Cash Income Tax Paid	8.8	5.7	8.4	5.9	10.9
Levered Free Cash Flow	40.06	50.63	-15.88	0.78	32.26
Unlevered Free Cash Flow	40.31	51	-15.5	1.03	32.45
Change in Working Capital	2.7	30.6	-29.6	-22.2	-9.2

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