Mercia Asset Management Cash Flow Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	-8.88	2.78	-12.37	0.01	22.93
Depreciation & Amortization	3.57	3.59	3.48	2.64	2.26
Stock-Based Compensation	0.57	0.94	1	1.05	1.11
Other Adjustments	12.84	0.46	13.43	1.11	-20.74
Change in Receivables	-0.67	-0.03	0.8	-1.09	2.99
Changes in Accounts Payable	-0.9	1.67	1.54	-0.71	0.61
Changes in Income Taxes Payable	-2.75	-0.69	-0.79	-1.82	-
Operating Cash Flow	3.79	8.72	7.08	1.2	9.15
Operating Cash Flow Growth	-56.58%	23.08%	490.33%	-86.89%	63.07%
Capital Expenditures	-0.25	-0.13	-0.11	-0.08	-0.08
Purchases of Investments	-12.19	-9.7	-19.93	-20.78	-19.88
Proceeds from Sale of Investments	-	0.6	26.7	3.74	16.31
Cash Acquisitions	-	-2.73	-1.5	-9.05	-2.1
Other Investing Activities	1.79	2.65	4.69	10.39	0.95
Investing Cash Flow	-10.66	-9.31	9.85	-15.77	-4.8
Issuance of Common Stock	0.81	0.07	0.03	-	-
Repurchase of Common Stock	-2.96	-1.84	-3.19	-	-
Net Common Stock Issued (Repurchased)	-2.15	-1.76	-3.17	-	-
Common Dividends Paid	-4.18	-3.97	-3.93	-3.65	-2.64
Other Financing Activities	-0.51	-0.52	-0.45	-0.27	-0.15
Financing Cash Flow	-6.84	-6.25	-7.55	-3.92	-2.79
Net Cash Flow	-13.71	-6.85	9.39	-18.49	1.56
Free Cash Flow	3.53	8.59	6.97	1.12	9.07
Free Cash Flow Growth	-58.88%	23.19%	521.01%	-87.62%	63.23%
FCF Margin	10.35%	24.41%	22.92%	4.34%	39.14%
Free Cash Flow Per Share	0.01	0.02	0.02	0.00	0.02
Levered Free Cash Flow	-8.94	7.89	-3.47	2.88	28.9
Unlevered Free Cash Flow	-10.31	6.23	-7.31	0.05	24.66