Judges Scientific Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	11.6	10.8	9.9	12.8	12.9	8.65
Depreciation & Amortization	14.9	13.8	15.4	11	4.75	5.04
Stock-Based Compensation	1.6	1.3	1.2	0.7	0.64	0.32
Other Adjustments	6.5	6	11.7	4.9	1.91	1.35
Change in Receivables	0.4	-2.8	-0.3	-3.1	-2.81	-1.23
Changes in Inventories	1	1.8	-5.1	-4.2	-1.55	1.1
Changes in Accounts Payable	2.5	3.1	-1.5	1.9	3.73	-0.6
Changes in Income Taxes Payable	-3.8	-5.5	-4.8	-2.1	-2.18	-2.38
Operating Cash Flow	34.7	28.5	26.5	21.9	17.4	12.25
Operating Cash Flow Growth	62.91%	7.55%	21.00%	25.87%	42.07%	-27.43%
Capital Expenditures	-4.4	-5	-4.7	-6.4	-2.65	-1.27
Sale of Property, Plant & Equipment	-	-	-	0.1	0.07	0.01
Purchases of Intangible Assets	-1.3	-1.4	-1.2	-1.5	-0.8	-
Payments for Business Acquisitions	-13	-16.5	-20.3	-43.2	-	-11.42
Other Investing Activities	0.4	0.3	0.3	0.2	0	0.01
Investing Cash Flow	-18.3	-22.6	-25.9	-50.8	-3.37	-12.66
Long-Term Debt Issued	17.3	17.3	12	45.1	-	14.82
Long-Term Debt Repaid	-10.7	-9.8	-10.8	-7.8	-5.37	-9.16
Net Long-Term Debt Issued (Repaid)	6.6	7.5	1.2	37.3	-5.37	5.66
Issuance of Common Stock	0.2	1.5	0.5	0.3	0.24	0.98
Repurchase of Common Stock	-0.1	-0.1	-0.1	-0.1	-0.05	-
Net Common Stock Issued (Repurchased)	0.1	1.4	0.4	0.2	0.19	0.98
Common Dividends Paid	-6.5	-6.5	-5.7	-4.4	-3.63	-3.23
Other Financing Activities	-4.3	-3.8	-3.5	-1.9	-2.35	-1.54
Financing Cash Flow	-4.1	-1.4	-7.6	31.2	-11.16	1.87
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.3	-0.3	-0.1	0.1	0.02	-0.06
Net Cash Flow	12.3	4.5	-7	2.3	2.86	1.46
Free Cash Flow	30.3	23.5	21.8	15.5	14.75	10.98
Free Cash Flow Growth	28.94%	7.80%	40.64%	5.11%	34.32%	-29.49%
FCF Margin	21.19%	17.59%	16.02%	13.69%	16.15%	13.75%
Free Cash Flow Per Share	4.49	3.48	3.29	2.41	2.30	1.72
Levered Free Cash Flow	27.8	26.1	10	50	9.41	15.78
Unlevered Free Cash Flow	25.25	22.07	15.26	14.76	15.66	11.18

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.