FRP Advisory Group Cash Flow Statement

Financials in millions GBP. Fiscal year is May - April.

Millions GBP. Fiscal year is May - Apr.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Apr '26 Apr 30, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022
Net Income	35.5	31.3	29.9	15.6	15.12
Depreciation & Amortization	4.1	3.2	2.8	2.5	2.13
Stock-Based Compensation	5.9	5.6	3.8	8.4	8
Other Adjustments	0.9	0.9	0.6	0.4	0.5
Change in Receivables	-15.5	-6	-9	-11.6	-3.57
Changes in Accounts Payable	2	5	6.9	-2.2	1.59
Changes in Income Taxes Payable	-9.5	-9.5	-9.4	-2	-5.46
Operating Cash Flow	23.4	30.5	25.6	11.1	18.29
Operating Cash Flow Growth	-23.28%	19.14%	130.63%	-39.31%	69.86%
Capital Expenditures	-2.6	-1.2	-0.9	-0.6	-1.4
Purchases of Investments	-3	-	-	-	-
Cash Acquisitions	-8.7	-10.6	-4.4	-1.6	-4.38
Other Investing Activities	0.3	0.1	0.2	0.2	-
Investing Cash Flow	-14	-11.7	-5.1	-2	-5.78
Long-Term Debt Issued	5	7.2	-	-	-
Long-Term Debt Repaid	-12.4	-3	-1.6	-2	-1.2
Net Long-Term Debt Issued (Repaid)	-7.4	4.2	-1.6	-2	-1.2
Issuance of Common Stock	-	-	-	7.5	-
Net Common Stock Issued (Repurchased)	-	-	-	7.5	-
Common Dividends Paid	-13.7	-12.6	-11	-9.8	-9.17
Other Financing Activities	-2.8	-2.6	-2.7	-2	-1.6
Financing Cash Flow	-23.9	-11	-15.3	-6.3	-11.97
Net Cash Flow	-14.5	7.8	5.2	2.8	0.54
Free Cash Flow	20.8	29.3	24.7	10.5	16.89
Free Cash Flow Growth	-29.01%	18.62%	135.24%	-37.84%	74.97%
FCF Margin	11.75%	19.25%	19.27%	10.10%	17.74%
Free Cash Flow Per Share	0.08	0.12	0.10	0.04	0.07
Levered Free Cash Flow	12.8	24.2	19.8	8.4	7.56
Unlevered Free Cash Flow	20.64	20.65	21.84	10.73	9.15