Personal Group Holdings 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	7.29	6.5	4.32	-7.25	3.6
Depreciation & Amortization	3.24	1.25	1.41	1.29	1.17
Other Amortization	-	1.33	0.5	0.55	0.38
Gain (Loss) on Sale of Assets	0.14	-0.01	0.01	0.01	0.01
Gain (Loss) on Sale of Investments	-0.18	-0.12	-0.18	0.21	-
Stock-Based Compensation	0.39	0.2	0.17	0.29	0.17
Change in Accounts Receivable	-3.92	5.11	-2.57	-1.64	4.28
Change in Accounts Payable	4.66	-0.84	3.25	-1.49	-1.82
Change in Insurance Reserves / Liabilities	0.02	0.15	-0.28	0.48	-
Other Operating Activities	-1.75	-1.01	-0.4	0.04	-0.17
Operating Cash Flow	9.88	11.44	6.68	3.24	7.59
Operating Cash Flow Growth	-13.68%	71.32%	106.11%	-57.30%	-6.32%
Capital Expenditures	-0.39	-0.1	-0.16	-0.33	-0.24
Sale of Property, Plant & Equipment	0.03	0.07	0.08	0.04	0
Purchase / Sale of Intangible Assets	-2.71	-2.67	-2.04	-1.2	-0.98
Cash Acquisitions	-	-	-	-0.81	-
Investment in Securities	4.37	-2.83	-3.75	-0.65	-0.01
Other Investing Activities	1.15	1.2	0.81	0.15	0.02
Investing Cash Flow	2.46	-2.49	-5.06	-2.8	-1.2
Total Debt Repaid	-0.68	-0.61	-0.53	-0.43	-0.43
Net Debt Issued (Repaid)	-0.68	-0.61	-0.53	-0.43	-0.43
Issuance of Common Stock	0.02	0.09	0.03	0.02	0.02
Repurchases of Common Stock	-0.03	-0.08	-0.02	-0.05	-0.04
Common Dividends Paid	-5.69	-3.86	-3.48	-3.31	-3.24
Other Financing Activities	-	-	-0	-	0
Financing Cash Flow	-6.38	-4.47	-4	-3.77	-3.68
Net Cash Flow	5.95	4.49	-2.39	-3.33	2.7
Free Cash Flow	9.49	11.34	6.52	2.91	7.35
Free Cash Flow Growth	-16.31%	73.87%	124.24%	-60.45%	-5.25%
Free Cash Flow Margin	19.62%	25.96%	16.95%	5.86%	9.87%
Free Cash Flow Per Share	0.29	0.35	0.20	0.09	0.24
Cash Interest Paid	-	-	0	-	-
Cash Income Tax Paid	1.8	1.15	0.69	0.33	0.92
Levered Free Cash Flow	10.52	6.56	0.69	0.48	5.54
Unlevered Free Cash Flow	10.57	6.63	0.74	0.5	5.56
Change in Working Capital	0.75	4.47	0.86	-2.48	2.43

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