Hargreaves Services Cash Flow Statement

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

Millions GBP. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	21.8	14.75	12.28	27.92	34.72	16.43
Depreciation & Amortization	20.41	18.97	16.4	14.75	7.14	6.56
Loss (Gain) From Sale of Assets	-5.82	-0.63	-6.2	-4.72	-1.3	-3.67
Asset Writedown & Restructuring Costs	-	-	-	-	1.53	4.64
Loss (Gain) on Equity Investments	-5.08	-4.01	-1.53	-16.31	-25.88	-17.68
Stock-Based Compensation	0.41	0.3	0.34	0.36	0.35	0.22
Other Operating Activities	4.63	0.23	-0.81	-3.58	-4.62	-4.18
Change in Accounts Receivable	3.99	-16.98	1.78	11.62	-19.26	2.01
Change in Inventory	3.74	2.47	-10.02	-8.83	-3.31	36.84
Change in Accounts Payable	-2.38	-1.68	5.36	-8.52	0.9	5.55
Change in Other Net Operating Assets	5.7	16.25	5.23	2.71	1	-1.49
Operating Cash Flow	47.04	29.3	22.59	15.88	-8.53	45.23
Operating Cash Flow Growth	258.90%	29.69%	42.26%	-	-	-
Capital Expenditures	-2.85	-3.41	-2.25	-3.44	-1.48	-2.73
Sale of Property, Plant & Equipment	0.77	0.78	0.22	6.57	0.8	3.13
Cash Acquisitions	-0.66	-0.66	-0.5	-1.45	-	-
Sale (Purchase) of Real Estate	9.25	-0.39	6.84	-5.52	0.34	4.65
Other Investing Activities	2.65	8.87	3.23	11.67	5.83	0.75
Investing Cash Flow	9.16	5.19	7.54	7.83	5.49	5.8
Long-Term Debt Issued	-	-	-	3.95	-	-
Long-Term Debt Repaid	-	-21.65	-17.43	-12.72	-5.53	-38.09
Net Debt Issued (Repaid)	-22.22	-21.65	-17.43	-8.77	-5.53	-38.09
Common Dividends Paid	-12.21	-12.02	-7.87	-2.8	-2.36	-2.33
Other Financing Activities	-0.1	-	-	-	-	-
Financing Cash Flow	-34.53	-33.67	-29.21	-15.47	-11.77	-40.41
Foreign Exchange Rate Adjustments	-0.14	-0.21	-0.08	-0.15	0.27	-0.81
Net Cash Flow	21.53	0.6	0.84	8.09	-14.53	9.8
Free Cash Flow	44.19	25.9	20.34	12.44	-10.01	42.5
Free Cash Flow Growth	293.42%	27.32%	63.51%	-	-	-
Free Cash Flow Margin	13.72%	9.79%	9.63%	5.88%	-5.62%	20.75%
Free Cash Flow Per Share	1.31	0.77	0.62	0.38	-0.30	1.28
Cash Interest Paid	2.98	3.08	2.55	2.19	-	-
Cash Income Tax Paid	0.31	2.96	0.04	0.28	0.04	0.13
Levered Free Cash Flow	36.9	9.95	4.77	22.34	-8.36	45.1
Unlevered Free Cash Flow	39.12	12.22	6.46	23.82	-8.01	46.25
Change in Working Capital	11.05	0.06	2.34	-3.01	-20.66	42.91

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