Northern Bear PLC (AIM:NTBR)

Northern Bear Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	4.16	2.31	1.62	1.59	-1.33	-1.79
Depreciation & Amortization	1.59	1.54	1.42	1.22	1.06	0.99
Loss (Gain) From Sale of Assets	0.01	-0.01	-0.02	-0.03	-0.03	-
Asset Writedown & Restructuring Costs	0.44	0.44	-	-	2.61	2.87
Stock-Based Compensation	0.04	0.02	-	-	-	-
Other Operating Activities	1.31	0.98	0.62	0.37	0.45	-0.15
Change in Accounts Receivable	-3.03	0.24	-1	-0.71	-2.15	-1.43
Change in Inventory	-0.24	-0.03	-0.05	-0.04	-0.43	0.03
Change in Accounts Payable	4.02	1.94	-1.73	0.19	1.81	2.87
Change in Other Net Operating Assets	-0.18	-	-	-	-	-
Operating Cash Flow	8.12	7.43	0.87	2.59	2	3.38
Operating Cash Flow Growth	80.97%	752.52%	-66.29%	29.67%	-40.91%	347.15%
Capital Expenditures	-2.05	-1.94	-2	-1.47	-1.75	-1.2
Sale of Property, Plant & Equipment	0.53	0.48	0.82	0.52	0.59	0.42
Cash Acquisitions	-	-	-	-	-0.05	-0.05
Other Investing Activities	0.11	0.05	-	-	-	-
Investing Cash Flow	-1.4	-1.41	-1.18	-0.95	-1.21	-0.83
Long-Term Debt Issued	-	-	3.5	-	1.01	-
Long-Term Debt Repaid	-	-2.38	-1.24	-1.72	-0.69	-4.09
Net Debt Issued (Repaid)	-3.54	-2.38	2.26	-1.72	0.32	-4.09
Issuance of Common Stock	0.01	0.01	0.01	-	0.02	-
Repurchase of Common Stock	-	-	-3.1	-	-	-
Common Dividends Paid	-0.48	-0.28	-0.17	-	-	-
Other Financing Activities	-0.32	-0.39	-0.19	-	-	-
Financing Cash Flow	-4.34	-3.03	-1.86	-1.72	0.33	-4.09
Net Cash Flow	2.38	3	-2.17	-0.08	1.12	-1.54
Free Cash Flow	6.08	5.5	-1.13	1.12	0.25	2.18
Free Cash Flow Growth	180.13%	-	-	352.02%	-88.60%	-
Free Cash Flow Margin	6.76%	7.04%	-1.64%	1.61%	0.41%	4.42%
Free Cash Flow Per Share	0.43	0.40	-0.07	0.06	0.01	0.12
Cash Interest Paid	0.32	0.39	0.19	0.16	0.1	0.18
Cash Income Tax Paid	0.46	0.3	0.19	0.03	0.06	0.25
Levered Free Cash Flow	5.52	4.95	-1.67	0.57	-0.16	0.6
Unlevered Free Cash Flow	5.72	5.19	-1.49	0.7	-0.06	0.71
Change in Working Capital	0.57	2.16	-2.78	-0.56	-0.77	1.47

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.