Midwich Group 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	-22.58	16.03	26.82	15.29	12.43
Depreciation & Amortization	25.54	23.24	21.1	16.85	13.3
Loss (Gain) From Sale of Assets	4.69	4.64	0.76	0.14	0.03
Asset Writedown & Restructuring Costs	27.04	-	-	-	-
Loss (Gain) on Equity Investments	-	-0.08	-0.02	-	-
Stock-Based Compensation	4.35	-0.96	4.66	6.01	4.4
Other Operating Activities	3.51	-5.69	-0.26	14.45	2.37
Change in Accounts Receivable	-4.19	13.78	9.64	-70.65	-12.47
Change in Inventory	-10.64	-8.11	10.52	-15.67	-36.5
Change in Accounts Payable	27.92	-7.57	-9.43	59.78	27.94
Operating Cash Flow	55.65	35.28	63.79	26.19	11.5
Operating Cash Flow Growth	57.71%	-44.69%	143.60%	127.80%	-71.35%
Capital Expenditures	-5.37	-5.41	-5.61	-5.33	-3.56
Sale of Property, Plant & Equipment	0.38	0.4	0.2	0.14	0.25
Cash Acquisitions	-3.78	-25.93	-51.66	-22.57	-16.84
Sale (Purchase) of Intangibles	-5.54	-9.49	-10.36	-5.76	-2.4
Investment in Securities	-0.52	-0.39	-0.28	-	-
Other Investing Activities	1.03	0.81	0.29	0.1	0.11
Investing Cash Flow	-13.8	-40.01	-67.41	-33.42	-22.43
Short-Term Debt Issued	-	-	-	14.28	6.26
Long-Term Debt Issued	8.99	49.33	39.23	31.3	23.22
Total Debt Issued	8.99	49.33	39.23	45.59	29.48
Short-Term Debt Repaid	-7.72	-4.67	-3.01	-	-
Long-Term Debt Repaid	-6.94	-5.51	-24.93	-9.07	-7.73
Total Debt Repaid	-14.66	-10.18	-27.93	-9.07	-7.73
Net Debt Issued (Repaid)	-5.67	39.15	11.29	36.51	21.75
Issuance of Common Stock	0.01	0.01	51.26	0	0
Repurchase of Common Stock	-	-	-0.6	-	-
Common Dividends Paid	-9.57	-17.12	-14.98	-10.9	-2.92
Other Financing Activities	-20.9	-23.34	-11.29	-9.79	-15.85
Financing Cash Flow	-36.14	-1.31	35.68	15.82	0.34
Foreign Exchange Rate Adjustments	-0.06	-0.62	-0.95	0.72	-1.56
Net Cash Flow	5.65	-6.65	31.12	9.3	-12.16
Free Cash Flow	50.27	29.87	58.19	20.86	7.94
Free Cash Flow Growth	68.31%	-48.66%	178.96%	162.79%	-79.26%
Free Cash Flow Margin	3.89%	2.27%	4.49%	1.73%	0.93%
Free Cash Flow Per Share	0.49	0.28	0.59	0.23	0.09
Cash Interest Paid	14.1	11.49	10.01	5.82	2.53
Cash Income Tax Paid	4.55	10.76	12.59	9.14	5.15
Levered Free Cash Flow	30.34	-5.44	44.18	-10.48	-5.92
Unlevered Free Cash Flow	39.15	1.65	50.34	-3.8	-3.31
Change in Working Capital	13.09	-1.9	10.73	-26.55	-21.03

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.